$1,795 Per Month
- 2 Beds
- 1 Bath
- 630 Sq Ft
- Condo for Rent
1417-1417 College St Unit 1407, Philomath, OR 97370
Frequently Asked Questions
How much does it cost to rent a condo in Philomath, OR?
The median rent for a condo in Philomath, OR is $2,195 per month, though prices vary by neighborhood, size, and property type. As of August 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 Philomath, OR?
To comfortably afford the median rent in Philomath, OR, a household needs to earn roughly $95,880 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 $2,397 per month in Philomath, OR, renters typically need to show $7,191 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 Philomath, OR?
In Philomath, OR, the price-to-rent ratio is 14.9, 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.
What neighborhoods in Philomath, OR are best for renting a condo?
The best neighborhood for renting in Philomath, OR depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Southwest Corvallis, Northwest Corvallis, South Corvallis, Central Albany and Santiam, each with its own character and price range.
