Average Rent in Eugene, OR↓ Rents falling 8.4% YoY

Eugene, OR has rental prices ranging from $1,157/month to $2,584/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,182/month — 16% below the national average of $1,400/month. With a median household income of $69,311/year, spending $1,182/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.

How Eugene Compares

With an average 2-bedroom rent of $1,546/month, Eugene ranks #8 most expensive of the 33 cities tracked in Oregon — pricier than 90% of all US cities in our data.

The Eugene Rental Market

The Eugene, OR area has a population of about 382,628 and 41% of households renting rather than owning. That renter share runs above the US average of ~34%, pointing to a competitive rental market where vacancies clear quickly and rents are less negotiable.

Rent Trends

2-bedroom rents in Eugene, OR have fallen by $142/month (8.4%) over the past year, from $1,688 to $1,546. This rate of decrease is significant and reflects softening demand or increased inventory in the local market.

Affordability

To afford a 1-bedroom apartment in Eugene, OR without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $47,280. The local median household income of $69,311 exceeds that threshold by $22,031, making Eugene relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Eugene, OR is $471,485, giving a price-to-rent ratio of 25.4. With a break-even horizon of approximately 25 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Eugene's neighborhoods. Among the highest-value areas are Trainsong ($318,120 median home value), Far West ($344,284 median home value), Bethel ($393,121 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Eugene, OR Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Eugene?

Break-even analysis and mortgage estimates based on local market data.

Living in Eugene

Cost of living, job market, crime rates, and moving cost estimates.