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Studio Apartments for Rent in Prineville, OR

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    Starting at $1,545 Per Month

    • Studio - 2 Beds

    1640 NW Madras Hwy, Prineville, OR 97754

    The Ranch at Ochoco Creek in Prineville, OR offers new, modern floorplans with nine-foot ceilings, solid surface quartz countertops, energy-efficient appliance packages in a stainless steel finish, on demand internet, and air conditioning for added comfort. From the compact, tidy, but storage-abundant Studio to the Two-Bedroom, Two-Bath Deluxe Plus, Ochoco Creek has a floorplan that will work for

    The Ranch at Ochoco Creek

    1640 NW Madras Hwy, Prineville, OR 97754

Why Live in Prineville

Prineville, Oregon, established in 1870, is the oldest city in the state and has a rich pioneer history that remains evident today. The city, with a population of just over 11,000, enjoys a high desert climate with over 300 days of sunshine annually, making it an attractive option for those seeking Central Oregon's lifestyle without harsh winters. Downtown Prineville features antique stores, boutiques, specialty shops, and restaurants, while the Bowman Museum preserves the stories of early settlers. Pioneer Park, the city's oldest park, hosts events like Picnic in the Park and Western Daze, celebrating local heritage. Outdoor attractions include Crooked River Park, which offers athletic fields, an amphitheater, and access to the Crooked River, and the Prineville Reservoir, known for its clear night skies as Oregon's first International Dark Sky Park. Meadow Lakes Golf Course is open year-round and has received environmental accolades. Housing in Prineville includes a mix of cottages, ranch-style homes, and newer constructions, often with acreage. The city has seen a significant decrease in property crime over recent years. Prineville is connected to nearby cities like Redmond and Bend via U.S. Route 26 and Oregon Route 126, with public transit options available. The presence of Facebook and Apple data centers has bolstered local employment and supported STEM programs in the Crook County School District, which serves over 3,200 students.

Frequently Asked Questions

How much does it cost to rent a home in Prineville, OR?
The median rent for a home in Prineville, OR is $1,895 per month, though prices vary by neighborhood, size, and property type. As of September 2026, townhouses tend to be the most affordable option while single-family homes and condos are currently more expensive.
How much do you need to make to afford rent in Prineville, OR?
To comfortably afford the median rent in Prineville, OR, a household needs to earn roughly $75,800 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 $1,895 per month in Prineville, OR, renters typically need to show $5,685 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 Prineville, OR?
In Prineville, OR, the price-to-rent ratio is 19.3, 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.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,895
Median Single Family Home Rent
$1,898
Median Townhouse Rent
$1,438
Median Condo Rent
$2,200
How to Rent a Home