Logo Eugene-Springfield Fair Market Rent FY 2024 Eugene-Springfield, OR MSA Rental Data

Fair Market Rent Prices in Eugene-Springfield, OR :
$953 $1,063 $1,397 $1,969 $2,371
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

Fair Market Rent prices in Eugene-Springfield are very high compared to the national average. This FMR area is more expensive than 92% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Eugene-Springfield is $1,397 per month.

The previous year, rent for a two-bedroom home was $1,349 per month. This is a 3.56% increase year-over-year.

This FMR rate applies to Swisshome, OR, Alvadore, OR, Blachly, OR, Walton, OR, Lorane, OR, Deadwood, OR, Dorena, OR, Westfir, OR, Noti, OR, Blue River, OR and other cities within the region. The Metro Code or CBSA code for this region is METRO21660M21660.

Additionally, This Fair Market Rent (FMR) area Eugene-Springfield, OR MSA spans one county or city in Oregon which is listed in the table below. Estimated population of Eugene-Springfield, OR MSA FMR area is 377,749 people based on latest Census data.

Compared to the rest of Oregon, the Eugene-Springfield FMR area is more expensive than 83% of the state.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Eugene-Springfield. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Eugene-Springfield

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1029
1-BR 1-Bedroom $ 1148
2-BR 2-Bedroom $ 1508
3-BR 3-Bedroom $ 2125
4-BR 4-Bedroom $ 2559
Change Year:

There is just one county (listed below) within the Eugene-Springfield, OR MSA FMR area (most regions, especially metro areas, cover multiple counties). This FMR area covers two metro areas: Eugene and Portland, Or.

County / Region Est. Population
Eugene-Springfield, OR Metro 377,749
Zip Codes in Eugene-Springfield, OR MSA

There are 35 unique zip codes in this Fair Market Rent (FMR) area:

97401, 97402, 97403, 97404, 97405, 97408, 97409, 97412, 97413, 97419, 97426, 97430, 97431, 97434, 97437, 97438, 97439, 97440, 97446, 97451, 97452, 97453, 97454, 97455, 97461, 97463, 97477, 97478, 97480, 97487, 97488, 97489, 97490, 97492 and 97498

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