Eugene, OR Rental Market
Eugene is home to the University of Oregon, which with its 22,000+ students and significant athletic brand (Nike co-founder Phil Knight's alma mater) anchors a college town economy supplemented by healthcare at PeaceHealth and a growing outdoor industry cluster. Known as "Track Town USA" for its storied athletic tradition, Eugene balances student housing demand with a stable professional class that values the city's natural setting along the Willamette River and proximity to the Cascades.
Get a rent estimate for an address in EugeneAverage Rent in Eugene, OR
$1,380
per month · 2026-06
Market Score
Key Facts — Eugene, OR Rental Market
- Average rent in Eugene, OR:$1,380/mo
- Median rent:$1,270/mo
- Rent range:$700 – $3,050/mo
- Most common rental (2 bedrooms):$1,200/mo
- Active listings:980
- Avg days to lease:29 days
- Year-over-year change:+3.0%
- Median home value:$360,000
- Est. gross annual yield:4.6%
- Data as of:2026-06
Rent by Bedroom in Eugene, OR
Average monthly rent for each bedroom type based on current active listings in Eugene.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,000/mo |
2 Bedrooms | $1,200/mo |
3 Bedrooms | $1,550/mo |
4 Bedrooms | $1,900/mo |
5 Bedrooms | $2,175/mo |
Eugene Rental Market Statistics
Key indicators from the current Eugene, OR rental market.
980
Available now in Eugene
29
From list to lease
$1.06
Average across listings
1,300 sq ft
Typical rental size
$700 – $3,050
Min to max active listings
+3.0%
Avg rent vs. prior year
Investing in Eugene, OR Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$360,000
Typical purchase price in Eugene
Est. Gross Annual Yield
4.6%
Before expenses & vacancy
Avg Monthly Income
$1,380
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Eugene for a full cash-flow breakdown including all costs.
Eugene, OR Rental Market FAQ
Common questions about renting and investing in Eugene, OR.
What is the average rent in Eugene, OR?
The average rent in Eugene, OR is $1,380 per month as of 2026. One-bedroom apartments average $1,000/mo, two-bedrooms average $1,200/mo, and three-bedroom homes average $1,550/mo. The university district, Friendly Area, and South Eugene neighborhoods near the river command the most consistent demand, while the River Road and Santa Clara areas offer more affordable family rentals.
Is Eugene, OR a good place to invest in rental property?
Eugene offers a 4.6% estimated gross yield with steady 3.0% year-over-year rent growth. The University of Oregon's 22,000+ students create strong base demand for 1- and 2-bedroom units, while PeaceHealth and the broader healthcare sector provide year-round professional tenant demand. Oregon's statewide rent stabilization law applies to older properties in Eugene as well — new construction is exempt and commands a premium.
How competitive is the Eugene, OR rental market?
Eugene has approximately 980 active listings and averages 29 days on market. The University of Oregon leasing cycle (January–July for fall occupancy) creates predictable seasonal demand pressure. Properties near campus and in the Whiteaker neighborhood move fastest, while newer construction in south Eugene and the Ferry Street Bridge area attracts professional tenants seeking modern units. Oregon rent stabilization shapes investor strategy toward newer exempt properties.
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