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Studio Apartment for Rent in Madras, OR

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    $1,195 Per Month

    • Studio
    • 1 Bath
    • 384 Sq Ft
    • Townhouse for Rent

    502 NE 16th St, Madras, OR 97741

    Owner pays for water/sewer!New construction ADU built by Woodhill Homes in NE Madras. Efficient and cute but with full-size appliances, this is a great unit for downsizing, just getting started or needing privacy from living in a shared home. Bring your furry friends as pets are ok with additional deposit and pet rent, max of two. Max occupancy of two humans as well.Features

    502 NE 16th St, Madras, OR 97741

Why Live in Madras

Madras, Oregon, is a small city known for its rural landscape and urban amenities, offering panoramic mountain views and a strong sense of community. Located about 15 miles from the Warm Springs Indian Reservation, Madras is culturally diverse and connected. Housing options range from mid-century single-story homes and cottages to contemporary single-family homes with vinyl exteriors and front porch posts. Manufactured home communities like Greenspot Mobile Home Park provide affordable living options. The city features numerous parks and green spaces, including Juniper Hills Park and Sahalee Park, connected by the Willow Creek Trail system. The Madras Aquatics Center offers indoor swimming facilities, while the nearby Cove Palisades State Park provides outdoor recreation with swim beaches, boat launches, and campgrounds. Downtown Madras is the commercial hub, with shops, restaurants, and entertainment venues like the Madras Performing Arts Center and Erickson Aircraft Collection. The Jefferson County Fairgrounds hosts annual events such as the Jefferson County Fair & Rodeo. Madras is served by the Jefferson County School District, with schools offering various educational programs. The city is pedestrian- and cyclist-friendly, with public transportation provided by Cascades East Transit. Madras Municipal Airport and Redmond Municipal Airport offer aviation services and commercial flights. Attractions in the area include the Warm Springs Reservation, featuring Indian Head Casino and Kah-Nee-Ta Hot Springs Resort. Madras has a lower crime risk compared to the national average, making it a safer place to live.

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 $2,075 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes and townhouses 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 $83,000 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 $2,075 per month in Madras, OR, renters typically need to show $6,225 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 15.1, 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
1
Median Rent
$2,075
Median Single Family Home Rent
$2,150
Median Townhouse Rent
$2,195
Median Condo Rent
$1,250
How to Rent a Home