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Shady Cove, OR Homes for Rent

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    $995 Per Month

    • Studio
    • 1 Bath
    • 356 Sq Ft
    • Townhouse for Rent

    101 Erickson Ave, Shady Cove, OR 97539

    This modern and stylish studio apartment has an open floor plan that maximizes the use of space, creating a seamless flow between the various living areas. The thoughtfully designed layout includes a cozy sleeping nook, a compact yet comfortable living area, and a designated dining space. The apartment features a well-appointed kitchen with sleek appliances and ample storage, with hookups for a

    101 Erickson Ave, Shady Cove, OR 97539
  • /28

    $1,950 Per Month

    • 3 Beds
    • 2 Baths
    • 1,704 Sq Ft
    • 3 Bedroom / 3 Bath Home Available in the Heart of Shady Cove!

    120 Mallory Ln, Shady Cove, OR 97539

    This 3-bed, 2-bath, 1,704 sq/ft is AVAILABLE NOW! The home features a large living room, dining area, and a well-equipped kitchen with a breakfast bar. Appliances included, plus a new HVAC system, water heater and dishwasher. The property features a covered front porch, ample parking for 4 vehicles, and a fenced backyard. Storage shed included. Sewer, water and trash included. Pets accepted with

    120 Mallory Ln, Shady Cove, OR 97539
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    $2,695 Per Month

    • 5 Beds
    • 2 Baths
    • Fully Remodeled 5 Bedroom Home on 1 Acre with Shop, RV Parking & Stunning Views In Shady Cove

    520 Sarma Dr, Shady Cove, OR 97539

    Don't miss this beautifully remodeled 5-bedroom, 2-bath home situated on a spacious 1-acre lot within the city limits of Shady Cove. This move-in-ready property offers the perfect blend of country living with the convenience of being just minutes from downtown and the Rogue River.The home has been completely updated with brand-new flooring and carpeting, fresh interior paint, solid wood

    520 Sarma Dr, Shady Cove, OR 97539

Why Live in Shady Cove

Shady Cove is a rural community nestled in the evergreen woodlands of Oregon, known for its riverfront homes and proximity to the upper Rogue River. This area offers abundant opportunities for water recreation, including whitewater rafting and fishing, making it a popular spot for outdoor activities. Housing styles in Shady Cove include custom New Traditional, Craftsman, and ranch-style architecture, with homes ranging from 1,000 to 4,000 square feet on lots up to four acres. Recent homes were built between 1990 and 2010, and riverfront properties can reach up to $1.8 million. The community faces practical challenges such as wildfire risks during dry summers and flooding from the Rogue River in winter. Local attractions include Upper Rogue Regional Park, Carolyn's Park, and the nearby Joseph Stewart State Recreation Area, which offers shoreline hiking trails and swimming areas. Crater Lake National Park, located just over 40 miles north, is an international attraction with stunning rock formations and deep blue waters. Dining options in Shady Cove feature Mac's Diner, a 1950s-style restaurant, and Phil's Frosty, an old-fashioned hamburger joint. The Rogue Valley Connector provides public transportation to nearby towns, with Medford and its international airport approximately 20 miles south.

Frequently Asked Questions

How much does it cost to rent a home in Shady Cove, OR?
The median rent for a home in Shady Cove, OR is $1,950 per month, though prices vary by neighborhood, size, and property type. As of July 2026, townhouses 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 Shady Cove, OR?
To comfortably afford the median rent in Shady Cove, OR, a household needs to earn roughly $78,000 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 $1,950 per month in Shady Cove, OR, renters typically need to show $5,850 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 Shady Cove, OR?
In Shady Cove, OR, the price-to-rent ratio is 19.4, 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 Shady Cove, OR are best for renting a home?
The best neighborhood for renting in Shady Cove, OR depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include North Medford, Northwest Medford and Liberty Park, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
3
Median Rent
$1,950
Median Single Family Home Rent
$2,323
Median Townhouse Rent
$995
How to Rent a Home