4

Madras, OR Condos for Rent

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  • /4

    $525 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    1707 Us-26 Unit 3, Madras, OR 97741

    This unit is located right up the hill from Madras.Tenant pays all utilities and $14.95 per month in Tenant Liability Insurance.We value our tenants and will report Rent Payments to Credit Bureaus! Tenants will also enjoy the highest level of services including immediate response to maintenance requests!Please contact PMI Central Oregon for more information

    1707 Us-26 Unit 3, Madras, OR 97741
  • /2

    $800 Per Month

    • 1 Bed
    • 1 Bath
    • 212 Sq Ft
    • 1 Bedroom / 1 Bathroom Apartment in Madras Oregon

    171 SW C St Unit MVL 811 - #7, Madras, OR 97741

    Discover a comfortable 1-bedroom, 1-bath apartment in SW Madras, OR. This pet-friendly home includes utilities for convenient monthly budgeting and offers flexible lease options to suit your plans. Situated in a neighborhood with convenient access to local shops and services, the apartment provides a straightforward, low-hassle living arrangement in Madras.APPLY NOW: * 1 Bedroom /

    171 SW C St Unit MVL 811 - #7, Madras, OR 97741
  • /3

    $1,250 Per Month

    • 2 Beds
    • 1 Bath
    • 823 Sq Ft
    • MF067-396/ 408 SE 7th- Tekk

    396-408 SE 7th St Unit 396, Madras, OR 97741

    396-408 SE 7th St Unit 396, Madras, OR 97741
  • /5

    $1,100 Per Month

    • 2 Beds
    • 1 Bath
    • 619 Sq Ft
    • MOVE IN SPECIAL-2 Bedroom / 1 Bathroom Apartment in Madras Oregon

    171 SW C St Unit MVL 812 - #8, Madras, OR 97741

    MOVE IN SPECIAL - Half Off First Full Months RentWelcome to your new home in Madras, Oregon! This 2-bedroom, 1-bathroom apartment offers a comfortable and convenient living experience. The apartment is pet-friendly, so your furry friend is more than welcome to join you in your new home. The apartment also includes basic utilities, taking the stress out of managing multiple bills and

    171 SW C St Unit MVL 812 - #8, Madras, OR 97741

Frequently Asked Questions

How much does it cost to rent a condo in Madras, OR?
The median rent for a condo in Madras, OR is $950 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Madras, OR?
To comfortably afford the median rent in Madras, OR, a household needs to earn roughly $82,000 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 $2,050 per month in Madras, OR, renters typically need to show $6,150 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 Madras, OR?
In Madras, OR, the price-to-rent ratio is 15.4, 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.

Condo Rental Trends in Madras, OR

Rental Home Trends

Number of Condos for Rent
4
Median Condo Rent
$950
Median 1 Bedroom Condo Rent
$663
Median 2 Bedroom Condo Rent
$1,175
How to Rent a Home