Cheap Apartments for Rent in the Alameda Neighborhood of Portland, OR from $500 (160 Rentals)

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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Portland’s Best Affordable Neighborhoods

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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 Modern Rich Apartments priced from $649. Society 62 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Alameda apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Society 62Private Room1BR,$700
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Zeal LoftsStudio 2Studio,1BA$795
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$848
The Village Coliving Community1BR/1.0BA1BR,1BA$850
Maya Angelou2 Bedroon 1 Bath2BR,1BA$878
Koz on KillingsworthStudioStudio,1BA$942
Koz on 13thStudioStudio,1BA$952
SippiStudio-SmallStudio,1BA$999

Best Value Apartments for Rent in Alameda, OR

As of May 29, 2025 the best value apartment in the Alameda area is the $1.61 price per square foot 6817 NE 13th Ave Model at 6817 NE 13th Ave in the in the Northeast Portland neighborhood starting from $2,275. 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.
6817 NE 13th Ave6817 NE 13th Ave2BR,1BA$1.61
Los Jardines de la Paz4 Bedroom 2 Baths4BR,2BA$1.04
Irvington Apartmentslxl1BR,1BA$1.71
Cully Park Apartments2BR/1.0BA2BR,1BA$1.54
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
Orlo1/1 lg1BR,1BA$1.75
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47
L Roy GardensOne Bedroom One Bathroom HUD Unit1BR,1BA$1.80
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$1.35

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Alameda, Portland, OR

Ranked #18

Among neighborhoods in Portland, OR 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 the Cheapest Studio apartment in Alameda?

Currently the most affordable Cheap Studio Apartment in Alameda is at Modern Rich Apartments listed at $649.

How much is rent for a Cheap One Bedroom Alameda Apartment?

The lowest price for a Cheap One Bedroom Alameda Apartment is $700 at Society 62.

What is the lowest price for a Cheap Two Bedroom Alameda Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Alameda is starting from $878 at Maya Angelou.

What is the most affordable Alameda Three Bedroom Apartment?

The best deal on a cheap Alameda Three Bedroom Apartment rental is at Shortstack Mississippi and starts from $1,888.

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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.