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Studio Apartment for Rent in Shady Cove, OR

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    $995 Per Month

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

    101 Erickson Ave, Shady Cove, OR 97539

    Welcome to modern small-town living in Shady Cove, Oregon! This stylish studio apartment offers a peaceful retreat in a quiet residential neighborhood while keeping you close to the outdoor adventures that make the area so special. Enjoy easy access to the Rogue River, fishing, hiking, rafting, kayaking, and scenic drives through Southern Oregon’s beautiful landscape. Inside, the studio

    101 Erickson Ave, 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 $1,450 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while condos and 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 $58,000 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 $1,450 per month in Shady Cove, OR, renters typically need to show $4,350 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 26.2, 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
$1,450
Median Single Family Home Rent
$1,623
Median Townhouse Rent
$995
Median Condo Rent
$1,510
How to Rent a Home