Cheap Apartments for Rent in the Alameda Neighborhood of Portland, OR from $500 (169 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Alameda area of Portland.

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Showing Results 1-50, Page 1 of 4

Alameda, Portland, OR Local Guide

Cheapest Available Alameda Apartments for Rent

 

The cheapest available apartment rental in the Alameda area of Portland, OR is a 1 Bed unit found at Society 62 priced from $700. Park Terrace has the second lowest priced unit, which is a 1 Bed apartment currently listed from $729. Here are the most affordable Alameda apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Society 62Private Room w/Bath1BR,1BA$700
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
5th Avenue Place ApartmentsStudioStudio,1BA$795
Zeal LoftsStudio 1Studio,1BA$795
Maya Angelou1 Bedroom 1 Bath1BR,1BA$885
Pacific Tower ApartmentsStudioStudio,1BA$900
Koz on 13thStudioStudio,1BA$925
Dekum CourtStudio NON-SUBSIDIZED1BR,1BA$941
SippiStudio-SmallStudio,1BA$949
Kimberly Court1BR/1.0BA1BR,1BA$950

Best Value Apartments for Rent in Alameda, OR

As of September 22, 2025 the best value apartment in the Alameda area is the $1.70 price per square foot 6045 NE Flanders St Model at 6045 NE Flanders St, Unit 6045 in the in the Southeast Portland neighborhood starting from $3,200. The second greatest value Alameda apartment is the 4 Bedroom 2 Baths Model at Los Jardines de la Paz starting at $1,413 with a $1.04 price per square foot in the Cully neighborhood. Here is today’s list of the best values for Alameda apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
6045 NE Flanders St, Unit 60456045 NE Flanders St4BR,3BA$1.70
Los Jardines de la Paz4 Bedroom 2 Baths4BR,2BA$1.04
Clara Vista Townhomes3 Bed 1.5 Bath 50% MTSP Rent Limit3BR,1.5BA$1.00
Villas de Mariposas3 Bedroom 1 Bath3BR,1.5BA$1.10
Orlo2/12BR,1BA$1.61
Hank Reardon Plaza1 Level Loft1BR,1BA$1.71
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Dawson Park Apartments1 Bdrm1BR,1BA$1.62
Kimberly Court1BR/1.0BA1BR,1BA$1.69
5th Avenue Place ApartmentsStudioStudio ,1BA$1.67

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Alameda, Portland, OR

Ranked #18

Among cities in Oregon for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Alameda, Portland, OR

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Northeast Central Portland, OR. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, pet-friendly features, family-friendliness, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Alameda Neighborhood in Portland, OR

Walk Score®

67 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

98 / 100

Biker's Paradise

Daily errands can be accomplished on a bike

Transit Score®

49 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Alameda Apartments

What is a cheap apartment in Alameda?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Alameda is under $950.

What is the price of a cheap apartment in Alameda?

The cheapest apartment in Alameda is Society 62 which is listed at $700, while the average apartment in Alameda costs $4,950.

What types of apartments are the cheapest in Alameda?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 68 regular apartments in Alameda that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Alameda?

Cheap apartments in Alameda have an average cost of $139 which is $4,811 cheaper than the average rent for all rentals in Alameda.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

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A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Chad Deitchley

As your ApartmentHomeLiving.com Local Expert for Portland, Oregon, I’d like to briefly introduce myself. My name is Chad, and I come to the ApartmentHomeLiving.com team after living in Portland for decades.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.