Eugene, Oregon Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Eugene, Oregon rental market.
Eugene, Oregon
Average Apartment Rent
$1,824
Y-o-Y Change in Average
Apartment Rent
3.2%
As of July 2024
Compared to a year ago, Eugene, Oregon apartments have recorded a 3.2% rent increase.
Eugene, Oregon |Average apartment rent trend
Eugene, Oregon| Average apartment rent
Eugene, Oregon | Apartment rent ranges
At 45.85%, apartments priced $1,500 - $2,000 represent the bulk of Eugene, Oregon rentals, while condos priced $500 - $700 hold the lowest share of the market – 0.86%.
Eugene, Oregon | Housing tenure**
Renters take up 52% of Eugene, Oregon real estate, occupying a total of 39,401 units, while homeowners live in 36,131 properties.
Median number of rooms of renter-occupied housing units**
3.9
Renter median household income**
$41,829
Average household size of renter-occupied housing units**
2.13
Rental vacancy rate**
3%
Eugene, Oregon | Renter-occupied housing units by no. of bedrooms**
There are 14,334 rentals in Eugene, Oregon with 2 beds making up the highest share of the market, at 36%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 702 units. Overall, the median number of rooms in Eugene, Oregon homes for rent is 3.9.
Eugene, Oregon |Renter-occupied units by age of householder**
Most condos for rent in Eugene, Oregon are occupied by residents in the 25 - 34 years age group (26%), followed by those in the 15 - 24 years age group (24%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 2%.
Eugene, Oregon | Renter-occupied housing units by family type**
Eugene, Oregon | Renter-occupied housing units by the presence of own children**
A total of 12,595 apartments for rent in Eugene, Oregon, or 32% of all rentals are family households. Additionally, 18% of rental homes include children under the age of 18 – that’s 7,244 units. All in all, the median size of a renter-occupied household in Eugene, Oregon is 2.13.
Eugene, Oregon | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Eugene, Oregon.
Eugene, Oregon | Renter-occupied units by year structure built**
The highest share of Eugene, Oregon apartment rentals, namely 21% or 8,210 units, were Built 1970 - 1979, followed by those Built 1990 - 1999 (15%, 5,826 units), and the ones Built 2010 - 2019 (12%, 4,782 units).
Eugene, Oregon | Renter-occupied units by year householder moved in**
Median year renter moved into unit2018
Most Eugene, Oregon renters (41%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Eugene, Oregon condos for rent is 2018.
Eugene, Oregon | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 48% of Eugene, Oregon renters have 1 vehicle available per household, 26% of them have 2 vehicles available, and 16% have No vehicle available.
Eugene, Oregon | Means of transportation to work of householders living in renter-occupied housing units**
Eugene, Oregon |Geographical mobility in the past year for householders living in renter-occupied housing units**
Eugene, Oregon | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Eugene, Oregon apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
