Average Rent in Medford, OR↑ Rents rising 0.6% YoY

Medford, OR has rental prices ranging from $1,076/month to $2,543/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,243/month — 11% below the national average of $1,400/month. With a median household income of $71,443/year, spending $1,243/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Medford Compares

With an average 2-bedroom rent of $1,539/month, Medford ranks #9 most expensive of the 33 cities tracked in Oregon — pricier than 90% of all US cities in our data.

The Medford Rental Market

The Medford, OR area has a population of about 222,563 and 35% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Medford, OR have risen by $9/month (0.6%) over the past year, from $1,530 to $1,539. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Medford, OR without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $49,720. The local median household income of $71,443 exceeds that threshold by $21,723, making Medford relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Medford, OR is $404,082, giving a price-to-rent ratio of 21.9. With a break-even horizon of approximately 22 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Medford, OR Affordable?

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

Rent or Buy in Medford?

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

Living in Medford

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