This is the perfect place for you to come home to in order to study or relax in peace. The unit is on the second floor of a historic 1920s Craftsman foursquare home, with a full porch across the front, usable by the tenant. It's only a short stroll from the quiet street it is on, to the downtown riverfront park, farmer's market, shopping, central park, the library and cafes or in the other direction only 6 short blocks to campus. This apartment includes a living room, a bedroom with a closet, kitchen with a refrigerator and range. Newer cabinets and quartz countertops as well as wood laminate flooring installed in the kitchen, living room and bedroom. Across the hallway is your own large bathroom with a newer tub with tile surround, flooring and paint (only one other apartment on that floor with it's own bathroom). In addition, there is a full-height locked cabinet for storage in the hallway. To reiterate, the bathroom is not located in the unit, but it is not shared with any other tenants and has a lock with the same key as the unit. The building is weatherized for reduced heating costs and an economical gas heater. Info Coin-op laundry Off-street parking (first come first serve) Water/sewer/garbage included (tenant pays electric and gas) Free online tenant payment and maintenance requests. No more envelopes/stamps. Thank you.

RentalSource last checked: June 8, 2026 · 4:31 PM ET

Listed by: Leasing Agent · RentalBeast

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Property Summary

Property Type:	Apartment
Rental Fee:	$1,295
Bedrooms:	1 beds
Bathrooms:	1 baths

Size:	350 sqft
Pet Friendly:	Inquire
Listing Status:	Active
ID:	83780773

Property Amenities

• Balcony/Patio

• Refrigerator

• Walk-in Closets

Community Features

• Laundry Facilities

• Parking

• Storage

Leasing Information

Photos are an example of similar units within the building, actual unit may vary. Availability and pricing can change daily and vary by lease term. Please contact us to schedule a showing.

Additional Details

Apartment for rent in Corvallis for $1,295 with 1 bed, 1 bath, 350 sqft and located at 427 SW 5th St in Corvallis, OR 97333. The rental price of $1,295 is 0.4% ($5) higher than the average rent of $1,290 for a 1 bedroom apartment in Corvallis, OR and 1.1% ($15) lower than the average rent of $1,310 for a 1 bedroom apartment in Benton County. 427 SW 5th St was advertised on June 8, 2026 at 9:57 AM ET.

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Bedrooms

1 bedroom

Rent-to-income ratio

30%

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Recommended income

$51,800 /year

With your chosen rent-to-income ratio, an annual income of $51,800 is recommended to comfortably afford this 1-bedroom rental priced at $1,295 per month.

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Apartment for rent

$1,295

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