10

Newest Homes for Rent in Madras, OR

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  • /16

    $2,395 Per Month

    • 4 Beds
    • 2 Baths
    • 1,416 Sq Ft
    • Newly Constructed Four Bedroom in Madras

    702 NE Rickenbacker Rd, Madras, OR 97741

    Hard to find, new construction, four bedroom home in Madras. Situated on the NE side of Madras, this new community is ready for you to move in. Pet-friendly with additional deposit and pet rent, you'll appreciate the convenient lay-out and finishes the builder, Woodhill Homes, is known for. Features of this home include:Four bedrooms and two full bathroomsVaulted ceilings in

    702 NE Rickenbacker Rd, Madras, OR 97741
  • /24

    $2,500 Per Month

    • 3 Beds
    • 2 Baths
    • 1,680 Sq Ft
    • Beautiful Newer 3 Bedroom / 2 Bath Home in NE Madras

    710 NE Rickenbacker Rd, Madras, OR 97741

    This newer 3 bedroom, 2 bathroom home is located in a newer development in NE Madras and offers a functional layout with modern finishes throughout. The home features an open living, dining, and kitchen area with stainless steel appliances, a large kitchen island, and ample cabinet space. The primary suite includes a walk-in closet, double vanity, and walk-in shower. Additional features include a

    710 NE Rickenbacker Rd, Madras, OR 97741
  • /2

    $1,195 Per Month

    • 2 Beds
    • 1 Bath
    • 921 Sq Ft
    • Townhouse for Rent

    457-463 SW Madison St, Madras, OR 97741

    457-463 SW Madison St, Madras, OR 97741
  • /20

    $2,200 Per Month

    • 3 Beds
    • 2 Baths
    • 1,408 Sq Ft
    • Newly Remodeled 3 Bedroom / 2 Bathroom in NE Madras

    245 NE 7th St, Madras, OR 97741

    Newly Remodeled 3 Bedroom / 2 Bathroom in NE Madras: This recently updated single-family home in NE Madras offers three bedrooms and two full bathrooms with a clean, modern finish. Located close to shopping and parks, the property provides convenient access to neighborhood amenities and outdoor recreation. Bright interior spaces and contemporary touches make this residence a comfortable option

    245 NE 7th St, Madras, OR 97741
  • /24

    $2,545 Per Month

    • 3 Beds
    • 2 Baths
    • 1,677 Sq Ft
    • House for Rent

    652 NE Mccampbell St, Madras, OR 97741

    The application process normally takes 1-3 business days.Must see the property physically before the deposit is made.Address: 652 NE McCampbell St, Madras, OR 97741Property Type: HomeRent: $2545Deposit: $3820 (On Approved Credit)Application Fee: $65 / per adult 18+Tenancy: 12-month LeaseBedrooms: 3Bathrooms: 2Sq. Ft: 1677Owner Paid Utilities:

    652 NE Mccampbell St, Madras, OR 97741
  • /10

    $2,900 Per Month

    • 3 Beds
    • 2 Baths
    • 1,602 Sq Ft
    • Fully Furnished Home with Stunning Cascade Mountain Views – Flexible Lease Options

    1040 SE Greenleaf Ln, Madras, OR 97741

    Welcome to this beautifully maintained, fully furnished home—perfect for those relocating to Madras or seeking a comfortable mid-term stay. Offering flexible lease terms from 3 to 12 months, this home provides both convenience and style in a prime location.Nestled in the desirable Yarrows neighborhood, this property boasts sweeping views of the City of Madras and the Cascade Mountains,

    1040 SE Greenleaf Ln, Madras, OR 97741
  • /7

    $1,150 Per Month

    • 1 Bed
    • 1 Bath
    • JUST REDUCED – ACT FAST!

    219 SW 4th St, Madras, OR 97741

    1 bedroom1 bathroomOffice spaceWasher/ Dryer hookupsTenant responsible for:Pacific Power Electric, Madras Sanitary, City of Madras (water and sewer)Please apply at For any questions contact us at or leasing@

    219 SW 4th St, Madras, OR 97741
  • /4

    $525 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    1707 Us-26 Unit 3, Madras, OR 97741

    This unit is located right up the hill from Madras.Tenant pays all utilities and $14.95 per month in Tenant Liability Insurance.We value our tenants and will report Rent Payments to Credit Bureaus! Tenants will also enjoy the highest level of services including immediate response to maintenance requests!Please contact PMI Central Oregon for more information

    1707 Us-26 Unit 3, Madras, OR 97741
  • /5

    $1,100 Per Month

    • 2 Beds
    • 1 Bath
    • 619 Sq Ft
    • MOVE IN SPECIAL-2 Bedroom / 1 Bathroom Apartment in Madras Oregon

    171 SW C St Unit MVL 812 - #8, Madras, OR 97741

    MOVE IN SPECIAL - Half Off First Full Months RentWelcome to your new home in Madras, Oregon! This 2-bedroom, 1-bathroom apartment offers a comfortable and convenient living experience. The apartment is pet-friendly, so your furry friend is more than welcome to join you in your new home. The apartment also includes basic utilities, taking the stress out of managing multiple bills and

    171 SW C St Unit MVL 812 - #8, Madras, OR 97741
  • /3

    $1,250 Per Month

    • 2 Beds
    • 1 Bath
    • 823 Sq Ft
    • MF067-396/ 408 SE 7th- Tekk

    396-408 SE 7th St Unit 396, Madras, OR 97741

    396-408 SE 7th St Unit 396, Madras, OR 97741

Frequently Asked Questions

How much does it cost to rent a home in Madras, OR?
The median rent for a home in Madras, OR is $1,725 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Madras, OR?
To comfortably afford the median rent in Madras, OR, a household needs to earn roughly $69,000 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 $1,725 per month in Madras, OR, renters typically need to show $5,175 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 Madras, OR?
In Madras, OR, the price-to-rent ratio is 18.4, 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 in Madras, OR

Rental Home Trends

Number of Homes for Rent
10
Median Rent
$1,725
Median Single Family Home Rent
$2,350
Median Townhouse Rent
$1,195
Median Condo Rent
$1,100
How to Rent a Home