Cheap Homes for Rent in Alameda Neighborhood of Portland, OR from $500 (19 Rentals)

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

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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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.

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Showing Results 1-19, Page 1 of 1

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 2 Beds unit found at Hayu Tilixam priced from $668. 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
Hayu TilixamTwo Bedroom2BR,2BA$668
Society 62Private Room w/Bath1BR,1BA$700
5th Avenue Place ApartmentsStudioStudio,1BA$795
Zeal LoftsStudio 1Studio,1BA$795
Albina Plaza0 Bedroom 1 BathStudio,1BA$856

Best Value Apartments for Rent in Alameda, OR

As of November 01, 2025 the best value apartment in the Alameda area is the $1.14 price per square foot 3 Bedroom 1.5 Baths PBV unit at 30% AMI Model at Villa de Suenos in the in the Cully neighborhood starting from $1,267. 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 Suenos3 Bedroom 1.5 Baths PBV unit at 30% AMI3BR,1.5BA$1.14
Los Jardines de la Paz3 Bedroom 1 Bath3BR,1BA$1.19
Orlo2/12BR,1BA$1.61
5404 NE 54th Ave, Unit B5404 NE 54th Ave1BR,1BA$1.66
L Roy GardensTwo Bedroom One Bathroom HUD Unit2BR,1BA$1.56
Albina Plaza0 Bedroom 1 BathStudio ,1BA$1.43
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

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

Balance work and life in Portland. Explore the neighborhoods for renting that offer great amenities and quick commutes to the city's top major employers. Find your Portland apartment today!

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Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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

A Local Experts guide to the Best Student Friendly Neighborhoods Near Colleges in the Portland area. Find your perfect Student apartment, condo, or rental home today

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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 #16

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

Frequently Asked Questions about Alameda

What type of rentals are currently available in Alameda?

There are currently 1012 Apartments for Rent in Alameda, OR with pricing that ranges from $649 to $12,357. There are also 137 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alameda ranging from $590 to $5,995.

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 $590 to $5,995 with an average monthly rent of $2,817.

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 $765 to $6,697, while Three Bedroom Homes, Condos, and Townhomes for rent range from $740 to $5,800. Four Bedroom Single-Family rentals are also available starting from $2,095 and Four Bedroom Apartments start at $3,900.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.