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Newest Homes for Rent in Phoenix, OR

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  • 437-437 Elm St Unit 433 Elm, Phoenix, OR 97535
    437-437 Elm St Unit 433 Elm, Phoenix, OR 97535
    437-437 Elm St Unit 433 Elm, Phoenix, OR 97535
    /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
  • 610 N Main St, Phoenix, OR 97535
    610 N Main St, Phoenix, OR 97535
    610 N Main St, Phoenix, OR 97535
    /11

    $1,550 Per Month

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

    610 N Main St, Phoenix, OR 97535

    Properties shown by appointment only!Renters Insurance RequiredNo smokingNo PetsHeating & AirUnder HOA

    610 N Main St, Phoenix, OR 97535
  • 330 Independence Cir Unit 330D, Phoenix, OR 97535
    330 Independence Cir Unit 330D, Phoenix, OR 97535
    330 Independence Cir Unit 330D, Phoenix, OR 97535
    /10

    $1,150 Per Month

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

    330 Independence Cir Unit 330D, Phoenix, OR 97535

    MOVE IN SPECIAL $500.00 OFF 1ST FULL MONTHS RENTEnjoy small-town living with everyday convenience at your doorstep. This 2 bedroom, 1 bathroom upstairs apartment is located in the charming community of Phoenix, just minutes from local shopping, dining, parks, and easy access to nearby Medford and Ashland. The comfortable layout and practical amenities make it easy to feel right at

    330 Independence Cir Unit 330D, Phoenix, OR 97535
  • 804 Corey Dr, Phoenix, OR 97535
    804 Corey Dr, Phoenix, OR 97535
    804 Corey Dr, Phoenix, OR 97535
    /26

    $2,200 Per Month

    • 3 Beds
    • 2 Baths
    • 1,452 Sq Ft
    • House for Rent

    804 Corey Dr, Phoenix, OR 97535

    AVAILABLE NOW!!! No pets allowed. This inviting single-family home features a kitchen equipped with a range, refrigerator, dishwasher, and garbage disposal, 3 bedrooms and 2 bathrooms, and approximately 1490 sq ft. Washer and dryer are included. The home includes central heating and air conditioning. One parking spot provided. Tenant is responsible for landscaping and all other utilities and

    804 Corey Dr, Phoenix, OR 97535
Oregon Jackson County

Newest Homes for Rent in Phoenix, OR

Frequently Asked Questions

How much does it cost to rent a home in Phoenix, OR?
The median rent for a home in Phoenix, OR is $1,550 per month, though prices vary by neighborhood, size, and property type. As of August 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 22.3, 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 Phoenix, OR are best for renting a home?
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 home include Southwest Medford, Washington, Liberty Park, West Main and Northwest Medford, each with its own character and price range.

Rental Trends in Phoenix, OR

There are currently 4 homes available for rent in Phoenix, OR. The median rent is $1,550 per month, with single-family homes renting at $1,875 and condos at $1,500.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$1,550
Median Single Family Home Rent
$1,875
Median Condo Rent
$1,500
How to Rent a Home

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