Apartments for Rent in Oregon under $500
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Rent specialsStudio $150Total monthly cost5.0 (1)4853 Verda Lane NE, Keizer, OR 97303Apply online • Pet friendly • Parking
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5 units availableStudio $495+Base rent5.0 (2)4425 W Main St, Medford, OR 97501Apply online • Pet friendly • Laundry Facilities
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5 units availableStudio $435+Base rent3.5 (5)1565 Siskiyou Blvd, Ashland, OR 97520Apply online • Pet friendly • Extra Storage
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Ask for pricingIncome restricted2021 E 12Th Street, Florence, OR 97439Pet friendly • Patio/Balcony • Laundry Facilities
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Ask for PricingIncome restricted5.0 (1)209 N Storie St., Wallowa, OR 97885Pet friendly • Patio/Balcony • Air conditioner
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Studio $65+Base rent10038 S. New Era Road, Canby, OR 97013Pet friendly
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Frequently asked questions
When were prices and availability in Oregon last updated?
Prices and availability in Oregon were last updated on 4 Oct 2026.
What are the best apartments in Oregon?
The best apartments in Oregon are: Quinten Tower, The Parker, Clay & Tiffany, East Wind and Alder Crossing Apartments.
What type of rental buildings are in Oregon?
In Oregon 37% of the housing is rented out compared to 63% of homes are owned, according to the most recent Census Bureau estimates. 15% of Oregon's apartments are found in large buildings of 50 units or more, 54% are located in smaller apartment complexes with less than 50 units, and 27% are single-family rentals.
Apartments in Oregon under $500
Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $500?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 14 apartments for rent in Oregon on which you’ll spend less than $500. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.
Rentals near you under $500
Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $500. The average rental size in Oregon is 656 Sqft, but the $500 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.