Per Sperlings Nationwide Housing Web Site: 

 "Eugene, Oregon Apartments and Rentals
Renters make up 47.26% of the Eugene, Oregon, population. 5.62% of houses and apartments in Eugene, Oregon, are unoccupied (vacancy rate).

A one Bedroom is $627, two bedroom $843.

Everyone is fighting for the 5.62% houses or apartments that are vacant.   The 'free market' is working just fine.  Unless you are looking for a place to rent.