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Phoenix, OR Condos for Rent

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  • /18

    $1,425 Per Month

    • 2 Beds
    • 1 Bath
    • 864 Sq Ft
    • Condo for Rent

    437-437 Elm St Unit 433 Elm, Phoenix, OR 97535

    2 bed 1 bath located in Phoenix OregonTwo level apartment ideally situated on a hill in a neighborhood primarily composed of single-family homes. Each unit features 865 sq ft 2 bedrooms 1 bath, a private balcony with scenic views, and a separate, locked, and lighted storage room (approx. 60-90 sq ft).Apartment also features fresh paint and newly updated bathroom, as well as

    437-437 Elm St Unit 433 Elm, Phoenix, OR 97535
  • /7

    $1,599 Per Month

    • 2 Beds
    • 1 Bath
    • 840 Sq Ft
    • Choice Apartments

    3960 S Pacific Hwy Unit M, Phoenix, OR 97535

    Discover these amazing brand-new 2 bed, 1 bath apartments designed for modern living. Each unit includes all-new appliances and an in-unit washer and dryer for your convenience. Located just steps from Dollar General, Phoenix Market & Deli, and a nearby bus stop only 200 feet away. Enjoy comfortable living at an unbeatable low market rent.

    3960 S Pacific Hwy Unit M, Phoenix, OR 97535

Frequently Asked Questions

How much does it cost to rent a condo in Phoenix, OR?
The median rent for a condo in Phoenix, OR is $1,512 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 are currently more expensive.
How much do you need to make to afford rent in Phoenix, OR?
To comfortably afford the median rent in Phoenix, OR, a household needs to earn roughly $62,000 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 $1,550 per month in Phoenix, OR, renters typically need to show $4,650 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 Phoenix, OR?
In Phoenix, OR, the price-to-rent ratio is 22.4, 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.
What neighborhoods in Phoenix, OR are best for renting a condo?
The best neighborhood for renting in Phoenix, OR depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include Washington and Northwest Medford, each with its own character and price range.

Rental Home Trends

Number of Condos for Rent
2
Median Condo Rent
$1,512
Median 2 Bedroom Condo Rent
$1,512
How to Rent a Home