Cheap Apartments for Rent in the Downtown Alameda Neighborhood of Alameda, CA from $1,400 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Alameda area of Alameda.

1907 Willow St

1823 Pacific Ave

918 Lafayette St

1231 Park Ave

2065 Eagle Ave

Wavecrest Lanai Apartments

2263 Pacific Ave

2120 Clinton Ave

2056 Encinal Ave
San Francisco's Best Affordable Neighborhoods
Learn about San Francisco and the best places to live with original content written by our San Francisco, CA Local Expert Shannon Hilson

South Shore

1105 Park Ave

Waterfront Apartments

1614 Lincoln Ave

Star Harbor

Residences at Lake Merritt

Portico Waterfront

401 Derby

Atlas
Downtown Alameda, Alameda, CA Local Guide

How much does it cost to rent an apartment in Downtown Alameda?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Alameda Studio Apartments | $2,419 | $1,495 | $4,108 |
Downtown Alameda 1 Bedroom Apartments | $2,989 | $1,995 | $4,619 |
Downtown Alameda 2 Bedroom Apartments | $4,199 | $2,200 | $6,893 |
Downtown Alameda 3 Bedroom Apartments | $4,856 | $3,190 | $6,131 |
Downtown Alameda 4 Bedroom Apartments | $3,350 | $3,350 | $3,350 |
Browse Apartments in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Downtown Alameda Neighborhood of Alameda, CA.
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Downtown Alameda, Alameda, CA Local Guide
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Cheapest Available Downtown Alameda Apartments for Rent
 The cheapest available apartment rental in the Downtown Alameda area of Alameda, CA is a Studio unit found at Residences at Lake Merritt priced from $1,799. Boathouse Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,900. Here are the most affordable Downtown Alameda apartments for rent in Alameda, CA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Residences at Lake Merritt | Studio E1A | Studio,1BA | $1,799 |
Boathouse Lofts | Small Unit | 1BR,1BA | $1,900 |
Zo | e10d | Studio,1BA | $1,907 |
Wavecrest Lanai Apartments | Upper 1 BR no balcony | 1BR,1BA | $2,195 |
Portico Waterfront | S9 | Studio,1BA | $2,195 |
401 Derby | 1BR/1BA E | 1BR,1BA | $2,309 |
South Shore | Studio | Studio,1BA | $2,336 |
Atlas | Downtown | 1BR,1BA | $2,368 |
The Dunes | Residence 3 | 1BR,1BA | $2,433 |
Star Harbor | S1 | Studio,1BA | $2,500 |
Best Value Apartments for Rent in Downtown Alameda, CA
As of March 23, 2025 the best value apartment in the Downtown Alameda area is the $2.75 price per square foot Residence 3 Luxury Model at Tower Apartment Homes in the in the South Shore neighborhood starting from $3,368. The second greatest value Downtown Alameda apartment is the 1238 Broadway Model at 1238 Broadway, Unit B starting at $2,800 with a $2.55 price per square foot in the South Shore neighborhood. Here is today’s list of the best values for Downtown Alameda apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Tower Apartment Homes | Residence 3 Luxury | 2BR,2BA | $2.75 |
1238 Broadway, Unit B | 1238 Broadway | 2BR,2BA | $2.55 |
2020 San Jose Ave, Unit #A | 2020 San Jose Ave | 2BR,1BA | $2.60 |
Boathouse Lofts | Large Unit W/Clerestory | 2BR,2BA | $2.63 |
Shoreline Apartments | 2BR/1BA | 2BR,1BA | $3.03 |
The Dunes | Residence 4 | 2BR,1BA | $3.68 |
401 Derby | 1BR/1BA E | 1BR,1BA | $3.64 |
South Shore | Studio | Studio ,1BA | $4.17 |
Wavecrest Lanai Apartments | Lower 1BR w/ patio | 1BR,1BA | $4.09 |
Residences at Lake Merritt | Studio E1A | Studio ,1BA | $3.67 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Alameda, Alameda, CA
Ranked #7
Among neighborhoods in Alameda, CA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Alameda, Alameda, CA
School data provided by Great Schools
Best Local Schools in Downtown Alameda, Alameda, CA
School data provided by Great Schools
Getting Around the Downtown Alameda Neighborhood in Alameda, CA
Walk Score®
94 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
85 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
52 / 100
Good Transit
Many 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 Downtown Alameda Apartments
What is a cheap apartment in Downtown Alameda?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Alameda is under $2,500.
What is the price of a cheap apartment in Downtown Alameda?
The cheapest apartment in Downtown Alameda is Boathouse Lofts which is listed at $1,900, while the average apartment in Downtown Alameda costs $4,554.
What types of apartments are the cheapest in Downtown 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 1,248 regular apartments in Downtown 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 Downtown Alameda?
Cheap apartments in Downtown Alameda have an average cost of $564 which is $3,990 cheaper than the average rent for all rentals in Downtown Alameda.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.