Cheap Homes for Rent in Alameda Neighborhood of Portland, OR from $600 (15 Rentals)

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

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 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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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 Dekum Court priced from $506. Modern Rich Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Alameda apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Dekum CourtStudio NON-SUBSIDIZED1BR,1BA$506
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Society 62Private Room w/Bath1BR,1BA$700
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
5th Avenue Place ApartmentsStudio, 1 bathStudio,1BA$795

Best Value Apartments for Rent in Alameda, OR

As of July 22, 2025 the best value apartment in the Alameda area is the $0.65 price per square foot 4 Bedroom 2 Baths PBV unit at 30% AMI Model at Villa de Suenos in the in the Cully neighborhood starting from $848. The second greatest value Alameda apartment is the 3 Bedroom 1 Bath Model at Los Jardines de la Paz starting at $1,267 with a $1.19 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.
Villa de Suenos4 Bedroom 2 Baths PBV unit at 30% AMI4BR,2BA$0.65
Los Jardines de la Paz3 Bedroom 1 Bath3BR,1BA$1.19
3826-B NE Grand Ave, Unit B3826-B NE Grand Ave1BR,1BA$1.71
Charay Apartments1 Bed, 1 bath1BR,1BA$1.56
Hank Reardon Plaza1 Level Loft1BR,1BA$1.71
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.49
Dawson Park Apartments1 Bdrm1BR,1BA$1.62
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47
Kimberly Court1BR/1.0BA1BR,1BA$1.69
5th Avenue Place ApartmentsStudio, 1 bathStudio ,1BA$1.67

Quick Rent Budget Calculator

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Frequently Asked Questions about Alameda

What type of rentals are currently available in Alameda?

There are currently 999 Apartments for Rent in Alameda, OR with pricing that ranges from $506 to $14,301. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alameda ranging from $600 to $5,250.

What is the current price range for Rental Homes in Alameda?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Alameda ranges from $600 to $5,250 with an average monthly rent of $2,436.

How much are larger Three and Four Bedroom Rentals in Alameda?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Alameda range from $507 to $3,972, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,295 to $4,750. Four Bedroom Single-Family rentals are also available starting from $2,295 and Four Bedroom Apartments start at $3,500.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.