Cheap Apartments for Rent in 97540

22 rentals

Apartments For Rent Near 97540

We found 30 more apartments matching your filters just outside 97540

Average Rent Trends in 97540

Rent in 97540 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in Sep 2026 compared to the previous month. Rent previously peaked in Oct 2025.
MonthAverage rent
Oct 2025$1,828
Nov 2025$1,650
Dec 2025$1,775
Jan 2026$1,795
Feb 2026$1,355
Mar 2026$1,695
Apr 2026$1,528
May 2026$1,808
Jun 2026$1,643
Jul 2026$1,633
Aug 2026$1,750
Sep 2026$1,600
View as a graph

Average Rent By Bedroom and Home Type

In October 2026, Townhomes were the most affordable home type to rent compared with Apartments and Condos and Houses.
1 bed2 beds3 beds4 bedsAll
All home types$1,490$1,600$1,975$2,450$1,750
Townhomes$1,295—$1,550—$1,295
Apartments and Condos$1,300$1,625$1,900—$1,625
Houses$1,490$2,100$2,500$2,450$2,450

Frequently Asked Questions about Rentals in 97540

  • What is the average rent of an apartment in 97540?
    The average rent of an apartment in 97540 is $1,583 per month. This is about 19% lower than the national average.
  • What are the cheapest months to find an apartment to rent in 97540?
    Last year, the cheapest month to find an apartment to rent was Jan 2025 when it was $1,550 per month.
  • How many cheap apartments are available in 97540?
    There are 10 apartments to rent that are cheaper than the city’s average rent of $1,750.
  • When is the average rent most expensive in 97540?
    In the last year, the average rent in 97540 was highest in Oct 2025 when it was $1,828 per month.
  • How does the rent of a 1 bedroom apartment compare to a studio apartment in 97540?
    The average rent of a 1 bedroom apartment in 97540 is $1,490 per month. That is about $240 more than the cost of a studio apartment.
  • What are some cities near 97540?
    Some nearby cities include: Talent, Phoenix, Medford, Jacksonville, Ashland, Central Point. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos baratos en renta en los alrededores de 97540 - 170 Rentas | Trulia