The New Medford
406 W Main St,
Medford, OR 97501
$1,325 - $1,395
1 Bed
Rental Market Trends in Medford, OR
What is the average rent in Medford, OR?
$1,177/month
Average Rent
653 Sq Ft
Average Apartment Size
+2.3%
Increase in the Last Year
As of March 2026, the average rent in Medford, OR is $1,177 per month. This is 28% lower than the national average rent of $1,626/month, making renting in Medford more affordable than most cities in the US. When you rent an apartment in Medford, you can expect to pay about $1,183 per month for a studio, $1,177 for a one-bedroom apartment, and around $1,410 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,728 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Medford, OR?
In the past year, rent has increased by 2.3%, which averages out to $28 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated March 2026
Legend
2025
2026
Rent Ranges in Medford, OR
Last Updated March 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
10%
Below $700/month
15%
$700 - $1,000/month
62%
$1,001 - $1,500/month
10%
$1,501 - $2,000/month
3%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Medford?
Based on current rent prices, Downtown Medford and Downtown Medford Historic District" are the most affordable neighborhoods in Medford.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Medford?
Based on current rent prices, Downtown Medford Historic District and Downtown Medford" are the most expensive neighborhoods in Medford.
Neighborhood
Average Rent
Average Sq Ft
Which Medford neighborhoods have the most rentals available?
The neighborhoods in Medford with the most apartments available are Downtown Medford and Downtown Medford Historic District" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Medford, OR?
Because the average rent in Medford is $1,177, you’ll want to make about $3,923 per month or $47,076 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Medford, OR compare to other nearby cities and neighborhoods?
Use the tool below to compare Medford, OR to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,143/month
-
One Bedroom
$1,058/month
-
Two Bedroom
$1,532/month
-
Three Bedroom
-
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.
* Percentages may not total 100 due to rounding.