Cheap Apartments for Rent in Prospect, OR from $800 (46 Rentals)

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Search the lowest-cost Apartments available for rent right now in Prospect.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Camino Colibri
Studio to 3 Bedroom Apartments

Camino Colibri

915 Broad StMedford, OR 97501
  • Utilities Included
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70-110 S Haskell St
1 to 2 Bedroom Apartments

70-110 S Haskell St

70-110 S Haskell StCentral Point, OR 97502
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Morningside Apartments
1 to 2 Bedroom Apartments

Morningside Apartments

2001 Table Rock RdMedford, OR 97501
  • Utilities Included
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Genesis Apartments
Studio to 2 Bedroom Apartments

Genesis Apartments

121 S Holly StMedford, OR 97501
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Oakridge
1 to 3 Bedroom Apartments

Oakridge

2511 NW Edenbower RdRoseburg, OR 97471
  • Utilities Included

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.

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Talent Parkside
2 Bedroom Apartments

Talent Parkside

220 W Rapp RdTalent, OR 97540
  • Utilities Included

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.

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Prospect, OR Local Guide

Cheapest Available Prospect Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prospect, OR is a Studio unit found at Valley Pines priced from $941. The Jackson 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 ListingModel NameBed/BathPriced From
Valley PinesStudioStudio,1BA$941
The JacksonE BuildingStudio,1BA$1,095
Bartlett Street Apartments#91BR,1BA$1,100
Discover Downtown Living at New Medford Apartments1x1 I-091BR,1BA$1,275
Orchard Glen Estates2 Bedroom 1.5 Bath Apartment2BR,1BA$1,275
Charles Point2 Bedroom 1 Bath Apartment2BR,1BA$1,350
Saddle Butte Duplexes1012BR,1BA$1,375
Smith Crossing Apartments2 Bedroom 1.5 Bath Apartment2BR,1BA$1,425
Preble Way ApartmentsPreble Apartments2BR,2BA$1,450
Ivy Club Apartments2 BEDROOM UPSTAIRS2BR,2BA$1,475

Best Value Apartments for Rent in Prospect, OR and Nearby

As of June 08, 2026 the best value apartment in the Prospect area is the $1.29 price per square foot 1809 Model at 1809 Williams Hwy in the starting from $1,950. The second greatest value Prospect apartment is the 3 Bed 2.5 Bath Model at Oak Grove Estates starting at $1,895 with a $1.26 price per square foot . Here is today’s list of the best values for Prospect apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1809 Williams Hwy18094BR,2BA$1.29
Oak Grove Estates3 Bed 2.5 Bath3BR,2.5BA$1.26
Saddle Butte Duplexes1012BR,1.5BA$1.20
Ridgewood2X2A2BR,2BA$1.73
Ivy Club Apartments2 BEDROOM UPSTAIRS2BR,2BA$1.36
Preble Way ApartmentsPreble Apartments2BR,2BA$1.70
Charles Point2 Bedroom 1.5 Bath Apartment2BR,1.5BA$1.73
Smith Crossing Apartments2 Bedroom 1.5 Bath Apartment2BR,1.5BA$1.77
Orchard Glen Estates2 Bedroom 1.5 Bath Apartment2BR,1.5BA$1.58
The JacksonE BuildingStudio ,1BA$1.37

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Prospect, OR Rentals by Map

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See the most popular apartments and homes in Prospect, OR

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Frequently Asked Questions about Cheap Prospect Apartments

What is the Cheapest Studio apartment in Prospect?

Currently the most affordable Cheap Studio Apartment in Prospect is at Valley Pines listed at $941.

How much is rent for a Cheap One Bedroom Prospect Apartment?

The lowest price for a Cheap One Bedroom Prospect Apartment is $1,002 at Valley Pines.

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 $1,275 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 Charles Point and starts from $1,595.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.