101 Erickson Ave
Shady CoveOR97539
Cheap Homes for Rent in Prospect, OR from $900 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Prospect.
10 Dion Ct
Shady CoveOR97539
7857 Houston Lp
MedfordOR97503
597 Van Wey Cir
Eagle PointOR97524
37464 Modoc Point Rd
ChiloquinOR97624
3607 Maidu Dr
ChiloquinOR97624
2235 Crater Lake Ave
MedfordOR97504
22170 Tiller Trail Hwy
Days CreekOR97429
8382 Forest Grove Rd
White CityOR97503
1546-1548 Skyhawk Ridge
MedfordOR97504
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 a home in Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect 2 Bedroom Homes for Rent | $1,664 | $1,200 | $2,200 |
| Prospect 3 Bedroom Homes for Rent | $2,206 | $1,700 | $2,900 |
| Prospect 4 Bedroom Homes for Rent | $2,222 | $1,750 | $2,695 |
| Prospect 5 Bedroom Homes for Rent | $3,647 | $2,995 | $4,300 |
Browse Top Homes for Rent in Prospect
Explore 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 Studio unit found at Valley Pines priced from $937. Bartlett Street Apartments in the Downtown Medford neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here is today’s list of the most affordable Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Valley Pines | Studio | Studio,1BA | $937 |
| Bartlett Street Apartments | #9 | 1BR,1BA | $1,000 |
| Genesis Apartments | Studio | Studio,1BA | $1,095 |
Best Value Apartments for Rent in Prospect, OR and Nearby
As of November 08, 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 |
| Riverwood Apartments | 2 Bedroom 2 Bath - 1010 sq. ft. | 2BR,2BA | $1.46 |
| Preble Way Apartments | Preble Apartments | 2BR,2BA | $1.76 |
| Orchard Glen Estates | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.58 |
| Charles Point | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.73 |
| Smith Crossing Apartments | 2 Bedroom 1.5 Bath Apartment | 2BR,1.5BA | $1.77 |
| The Jackson | E Building | Studio ,1BA | $1.37 |
| Bartlett Street Apartments | #13 | 1BR,1BA | $2.00 |
| Valley Pines | Studio | Studio ,1BA | $2.04 |
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
Frequently Asked Questions about Prospect
What type of rentals are currently available in Prospect?
There are currently 47 Apartments for Rent in Prospect, OR with pricing that ranges from $865 to $2,100. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Prospect ranging from $995 to $4,300.
What is the current price range for Rental Homes in Prospect?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Prospect ranges from $995 to $4,300 with an average monthly rent of $1,993.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.