
Cheap Homes for Rent in Alameda Neighborhood of Portland, OR from $600 (23 Rentals)
Search the lowest-cost Homes available for rent right now in the Alameda area of Portland.


3535 N Borthwick Ave

6914 NE Grand Ave

2415 NE 15th Ave

2708 NE Sandy Blvd

6906 N Vancouver Ave
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.

1765 NE Holman St, Unit B

2314 NE Couch St

2135 NE Weidler St, Unit 2135

411 NW Flanders St

915-915 NE Roselawn St

701 NE 28th Ave
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.

711 NE Randall Ave, Unit # 304

847 NE 55th Ave

820 NW Naito Pkwy
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.

411 NW Flanders St

1704 Southeast Ankeny Street, Unit Apt A

718 NE Dekum St

33 SE 55th Ave
Alameda, Portland, OR Local Guide

How much does it cost to rent a home in Alameda?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Alameda 2 Bedroom Homes for Rent | $2,648 | $1,595 | $4,500 |
Alameda 3 Bedroom Homes for Rent | $3,295 | $2,195 | $5,500 |
Alameda 4 Bedroom Homes for Rent | $3,568 | $2,400 | $4,750 |
Alameda 5 Bedroom Homes for Rent | $4,448 | $3,895 | $5,000 |
Browse Homes for Rent in this Neighborhood
There are currently 23 rentals with your search options within a 2 mile radius of the Alameda Neighborhood of Portland, OR.
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Alameda, Portland, OR Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Society 62 | Private Room w/Bath | 1BR,1BA | $700 |
Park Terrace | One Bedroom One Bathroom Unit Income and rent r... | 1BR,1BA | $729 |
5th Avenue Place Apartments | Studio | Studio,1BA | $795 |
Zeal Lofts | Studio 1 | Studio,1BA | $820 |
Maya Angelou | 1 Bedroom 1 Bath | 1BR,1BA | $885 |
Best Value Apartments for Rent in Alameda, OR
As of September 13, 2025 the best value apartment in the Alameda area is the $1.71 price per square foot 4 bedroom apartment Model at Multnomah Heights in the in the Southeast Portland neighborhood starting from $2,899. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Multnomah Heights | 4 bedroom apartment | 4BR,2BA | $1.71 |
Los Jardines de la Paz | 4 Bedroom 2 Baths | 4BR,2BA | $1.04 |
Clara Vista Townhomes | 3 Bed 1.5 Bath 50% MTSP Rent Limit | 3BR,1.5BA | $1.00 |
Villas de Mariposas | 3 Bedroom 1 Bath | 3BR,1.5BA | $1.10 |
5714 NE Glisan St, Unit Upstair | 5714 NE Glisan St | 2BR,1BA | $1.80 |
Hank Reardon Plaza | 1 Level Loft | 1BR,1BA | $1.71 |
Dawson Park Apartments | 1 Bdrm | 1BR,1BA | $1.62 |
Maya Angelou | 1 Bedroom 1 Bath | 1BR,1BA | $1.49 |
Kimberly Court | 1BR/1.0BA | 1BR,1BA | $1.69 |
5th Avenue Place Apartments | Studio | Studio ,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.
Pet Friendly LifestyleAlameda, Portland, OR
Ranked #17
Among cities in Oregon for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 1014 Apartments for Rent in Alameda, OR with pricing that ranges from $507 to $6,576. There are also 104 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alameda ranging from $600 to $5,500.
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 $5,500 with an average monthly rent of $2,749.
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 $3,995, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,195 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $3,195.
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.

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.

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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.