$1,395 Per Month
- 2 Beds
- 1 Bath
- 800 Sq Ft
- College St
1534-1538 College St Unit 1534 College St, Philomath, OR 97370
Frequently Asked Questions
How much does it cost to rent a home in Philomath, OR?
The median rent for a home in Philomath, OR is $2,195 per month, though prices vary by neighborhood, size, and property type. As of May 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 Philomath, OR?
To comfortably afford the median rent in Philomath, OR, a household needs to earn roughly $87,800 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 $2,195 per month in Philomath, OR, renters typically need to show $6,585 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 16.3, 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 home?
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 home include Southwest Corvallis, Northwest Corvallis, South Corvallis, Northeast Corvallis and Broadway-Albany, each with its own character and price range.
