2

Studio Apartments for Rent in Depoe Bay, OR

Section Image
  • /6

    $1,100 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    20 Graham St Unit 2, Depoe Bay, OR 97341

    Oregon Coast Property Management$1100 Monthly $2200 Security DepositRecently updated studio apartment near down town Depoe Bay shops, restaurants, whale watching and the worlds smallest harbor! Flat rate $100 for all Utilities including electric, water, sewer, garbage and landscaping.Please review and agree to our policy and procedures before

    20 Graham St Unit 2, Depoe Bay, OR 97341
  • /6

    $1,100 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    20 Graham St Unit 2, Depoe Bay, OR 97341

    Oregon Coast Property Management$1100 Monthly $2200 Security DepositRecently updated studio apartment near down town Depoe Bay shops, restaurants, whale watching and the worlds smallest harbor! Flat rate $100 for all Utilities including electric, water, sewer, garbage and landscaping.Please review and agree to our policy and procedures before

    20 Graham St Unit 2, Depoe Bay, OR 97341

Why Live in Depoe Bay

Depoe Bay, located on the Oregon coast, is renowned for its whale-watching opportunities and stunning Pacific Ocean views. Known as the whale-watching capital of the Oregon coast, Depoe Bay attracts thousands of migrating whales annually, making it a popular destination for tourists. The community offers a mix of homes, including Craftsman-style houses dating back to the 1930s and newer properties, many with ocean views. Depoe Bay’s varied terrain includes rocky coastlines and lush inland areas, providing diverse living options. The small boat harbor, the smallest of its kind in the world, is a hub for deep-sea fishing, with anglers seeking tuna and salmon. Outdoor enthusiasts can enjoy hiking in the nearby Fogarty Creek State Recreation Area, which spans almost 170 acres. Highway 101, also known as the Oregon Coast Highway, is the main commercial strip, featuring seafood restaurants like Tidal Raves and Gracie’s Sea Hag, as well as shops such as Ainslee's Salt Water Taffy. The closest grocery store, Chester’s Markets, is located about 4 miles north in Lincoln Beach. Depoe Bay hosts the annual Fleet of Flowers event each Memorial Day, honoring sailors lost at sea with a procession of flower-clad boats. The community is quieter and more pleasant away from Highway 101, offering a peaceful living environment.

Frequently Asked Questions

How much does it cost to rent a home in Depoe Bay, OR?
The median rent for a home in Depoe Bay, OR is $2,625 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Depoe Bay, OR?
To comfortably afford the median rent in Depoe Bay, OR, a household needs to earn roughly $105,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,625 per month in Depoe Bay, OR, renters typically need to show $7,875 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Depoe Bay, OR?
In Depoe Bay, OR, the price-to-rent ratio is 19.5, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,625
Median Single Family Home Rent
$2,800
Median Condo Rent
$2,450
How to Rent a Home