Rental Market Trends in Oregon
Updated August 2026
$1,478/month
Average Rent
-0.2%
Decrease in the Last Year
-$3
Average Price Decrease
Ranked 32nd
Least Expensive Rent by State
15,040
Available Rentals
Medford, OR
City with the Lowest Rent
What is the average rent in Oregon?
As of August 2026, the average rent in Oregon is $1,478/month. When you rent an apartment in Oregon, you can expect some variability depending on the region. For instance, metropolitan areas may have higher rents than smaller towns and rural areas. In general, you can expect to pay about $1,257 per month for a studio, $1,478 for a one-bedroom apartment, and around $1,683 for a two-bedroom apartment in Oregon. If you opt for a three-bedroom rental, you could pay $2,062 or more.
Rent by City
What are the most affordable cities in Oregon?
Based on current rent prices, the cheapest cities in Oregon to live are Medford, Springfield and Salem.
Nearby State Markets
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Methodology
† 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.
State graphics provided by ProPublica
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