Cheap Apartments for Rent in the Alameda Neighborhood of Portland, OR from $400 (120 Rentals)

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

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Sullivan's Ridge
$1,046 - $1,838
Total Monthly Price

Total Monthly Price

Base Rent
$1,046 - $1,838
Total Monthly Price
$1,046 - $1,838
Studio to 2 Bedroom Apartments Available Now

Sullivan's Ridge

1710 NE Multnomah StPortland, OR 97232
Affordability
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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 Studio unit found at Helen Swindells Apartments priced from $412. Center Village has the second lowest priced unit, which is a 2 Beds apartment currently listed from $621. Here are the most affordable Alameda apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Helen Swindells Apartments0x1Studio,1BA$412
Center Villageb1.12BR,1BA$621
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Hayu TilixamTwo Bedroom2BR,2BA$668
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Society 62Private Room w/Bath1BR,1BA$795
Fifth Avenue Place ApartmentsStudio 425Studio,1BA$845
King DishmanOne Bathroom One Bathoom HUD Unit1BR,1BA$875
The YardsStudioStudio,1BA$892
Pacific Tower ApartmentsStudio 60% 380Studio,1BA$895

Best Value Apartments for Rent in Alameda, OR

As of February 09, 2026 the best value apartment in the Alameda area is the $1.37 price per square foot d2.2 Model at Center Village in the in the Southeast Portland neighborhood starting from $1,842. The second greatest value Alameda apartment is the 3 Bedroom 1 Bath Model at Villas de Mariposas starting at $1,267 with a $1.10 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.
Center Villaged2.24BR,2BA$1.37
Villas de Mariposas3 Bedroom 1 Bath3BR,1.5BA$1.10
Irvington Apartmentslxl1BR,1BA$1.64
5404 NE 54th Ave, Unit B5404 NE 54th Ave1BR,1BA$1.63
Laurelwood1 BED 1 BATH1BR,1BA$1.60
Westcott PropertiesStudioStudio ,1BA$1.57
Dawson Park Apartments1 Bdrm1BR,1BA$1.56
King DishmanOne Bathroom One Bathoom HUD Unit1BR,1BA$1.54
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$1.35
Hayu TilixamOne Bedroom1BR,1BA$1.48

The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

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

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A Local Experts Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

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Pet Friendly Lifestyle
Alameda, Portland, OR

Ranked #13

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!

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 $895.

What is the price of a cheap apartment in Alameda?

The cheapest apartment in Alameda is Park Terrace which is listed at $729, while the average apartment in Alameda costs $7,919.

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 129 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 $226 which is $7,693 cheaper than the average rent for all rentals in Alameda.

Expert Rental Resources

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.

Helpful Local Expert Guides

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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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Local Guide To the Best Student Friendly Neighborhoods to Rent Near Colleges in Portland

Written by: Chad Deitchley

Hello! My name is Chad, and I joined the ApartmentHomeLiving.com team as a Local Expert after living in Portland, Oregon, for more than 20 years. I have a deep love for this charming and vibrant city.

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The Portland Power Commute: Top Neighborhoods for Renters Near the City’s Major Job Hubs

Written by: Chad Deitchley

Let me introduce myself as your ApartmentHomeLiving Local Expert for Portland, Oregon. I’m Chad, and I can attest firsthand to the vibrant and funky nature of this one-of-a-kind city.

Articles, How-To's, and Tips

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.