Starting at $1,507 Per Month
- Studio - 2 Beds
255 W West B, Eugene, OR 97401
4 Weeks Free + $500 Look & Lease-Move in by 05/31!
Broadway Place
(541) 844-2471
Frequently Asked Questions
How much does it cost to rent a home in Eugene, OR?
The median rent for a home in Eugene, OR is $1,825 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Eugene, OR?
To comfortably afford the median rent in Eugene, OR, a household needs to earn roughly $73,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,825 per month in Eugene, OR, renters typically need to show $5,475 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Eugene, OR?
In Eugene, OR, the price-to-rent ratio is 21.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Eugene, OR are best for renting a home?
The best neighborhood for renting in Eugene, OR depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Whiteaker, Jefferson Westside, River Road, Far West and Churchill, each with its own character and price range.
