621 River Rd
MedfordOR97501
Cheap Apartments for Rent in Prospect, OR from $700 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect.
4286-4290 Hamrick Rd
Central PointOR97502
close
View Me
from $1,0001 Bedroom Apartments Available Now
Bartlett Street Apartments
520 N Bartlett StMedford, OR 97501
116 Cottage St
MedfordOR97504
1108 Rose St
PhoenixOR97535
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
close
View Me
from $1,095Studio to 2 Bedroom Apartments Available Now
Genesis Apartments
121 S Holly StMedford, OR 97501
close
View Me
from $1,1001 to 2 Bedroom Apartments Available Now
Poplar Village North
1801 Poplar DrMedford, OR 97504
301 Crater Lake Ave
MedfordOR97504
close
View Me
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
7875 28th St
White CityOR97503
Showing Results 1-10, Page 1 of 1
Prospect, OR Local Guide
Tulip farm by Sheila Sund is licensed under CC BY 2.0
How much does it cost to rent an apartment in Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Studio Apartments | $1,270 | $1,095 | $1,495 |
| Prospect 1 Bedroom Apartments | $1,285 | $745 | $2,100 |
| Prospect 2 Bedroom Apartments | $1,513 | $875 | $2,100 |
| Prospect 3 Bedroom Apartments | $1,868 | $1,550 | $2,200 |
| Prospect 4 Bedroom Apartments | $1,795 | $1,795 | $1,795 |
Browse Top Apartments in Prospect
See all Apartments in ProspectExplore Prospect
Prospect, OR Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Prospect Apartments for Rent and Nearby
The cheapest available apartment rental in Prospect, OR is a 1 Bed unit found at Bartlett Street Apartments in the Downtown Medford neighborhood priced from $1,000. Genesis Apartments in the Downtown Medford neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,095. Here is today’s list of the most affordable Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bartlett Street Apartments | #9 | 1BR,1BA | $1,000 |
| Genesis Apartments | Studio | Studio,1BA | $1,095 |
| Orchard Glen Estates | 2 Bedroom 1.5 Bath Apartment | 2BR,1BA | $1,195 |
Best Value Apartments for Rent in Prospect, OR and Nearby
As of June 25, 2025 the best value apartment in the Prospect area is the $1.26 price per square foot 3 Bed 2.5 Bath Model at Oak Grove Estates in the starting from $1,895. The second greatest value Prospect apartment is the 2X2A Model at Ridgewood starting at $1,915 with a $1.70 price per square foot . Here is today’s list of the best values for Prospect apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Oak Grove Estates | 3 Bed 2.5 Bath | 3BR,2.5BA | $1.26 |
| Ridgewood | 2X2A | 2BR,2BA | $1.70 |
| Poplar Village North | Floor Plan C | 2BR,2BA | $1.27 |
| Oakridge | 2x2Third Floor and Top Floor | 2BR,2BA | $1.50 |
| Anjou Club Apartment Homes | 2x1 | 2BR,1BA | $1.83 |
| Preble Way Apartments | Preble Apartments Winter Warm-Up: Move In & Sav... | 2BR,2BA | $1.76 |
| Orchard Glen Estates | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.48 |
| Smith Crossing Apartments | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.71 |
| Charles Point | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.58 |
| Bartlett Street Apartments | #13 | 1BR,1BA | $2.00 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Let everyone know!
Do you know the Prospect area?
If you’re an expert on all things Prospect, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Prospect, OR Rentals by Map
See the most popular apartments and homes in Prospect, OR
Prospect, OR Apartments MapProspect, OR Rental Homes MapFrequently Asked Questions about Cheap Prospect Apartments
How much is rent for a Cheap One Bedroom Prospect Apartment?
The lowest price for a Cheap One Bedroom Prospect Apartment is $1,000 at Bartlett Street Apartments.
What is the lowest price for a Cheap Two Bedroom Prospect Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prospect is starting from $1,195 at Orchard Glen Estates.
What is the most affordable Prospect Three Bedroom Apartment?
The best deal on a cheap Prospect Three Bedroom Apartment rental is at Smith Crossing Apartments and starts from $1,550.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.