Cheap Apartments for Rent in the Downtown Alameda Neighborhood of Alameda, CA from $1,400 (32 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

property at 2065 Eagle Ave

2065 Eagle Ave

AlamedaCA94501

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

close
View Me
Park Regent
Studio to 2 Bedroom Apartments

Park Regent

2110 Santa Clara AveAlameda, CA 94501
close
View Me
2060 San Antonio
1 to 3 Bedroom Apartments

2060 San Antonio

2253 Central AveAlameda, CA 94501
Furnished
  • Utilities Included
close
View Me
2126 Lincoln Ave
2 Bedroom Apartments

2126 Lincoln Ave

2126 Lincoln AveAlameda, CA 94501
close
View Me
The Franciscan
1 Bedroom Apartments

The Franciscan

333 Willow StAlameda, CA 94501
  • Utilities Included
close
View Me
Lincoln House LLC
2 Bedroom Apartments

Lincoln House LLC

2235 Lincoln AveAlameda, CA 94501
  • Utilities Included
close
View Me
High Street Studios
Studio Apartments

High Street Studios

4001 San Leandro StOakland, CA 94601
  • Utilities Included
close
View Me
3301 E 12th St
1 Bedroom Apartments

3301 E 12th St

3301 E 12th StOakland, CA 94601
  • Utilities Included

Downtown Alameda, Alameda, CA Local Guide

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 ListingModel NameBed/BathPriced From
Residences at Lake MerrittStudio E1AStudio,1BA$1,799
Boathouse LoftsSmall Unit1BR,1BA$1,900
Zoe10dStudio,1BA$1,907
Wavecrest Lanai ApartmentsUpper 1 BR no balcony1BR,1BA$2,195
Portico WaterfrontS9Studio,1BA$2,195
401 Derby1BR/1BA E1BR,1BA$2,309
South ShoreStudioStudio,1BA$2,336
AtlasDowntown1BR,1BA$2,368
The DunesResidence 31BR,1BA$2,433
Star HarborS1Studio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Tower Apartment HomesResidence 3 Luxury2BR,2BA$2.75
1238 Broadway, Unit B1238 Broadway2BR,2BA$2.55
2020 San Jose Ave, Unit #A2020 San Jose Ave2BR,1BA$2.60
Boathouse LoftsLarge Unit W/Clerestory2BR,2BA$2.63
Shoreline Apartments2BR/1BA2BR,1BA$3.03
The DunesResidence 42BR,1BA$3.68
401 Derby1BR/1BA E1BR,1BA$3.64
South ShoreStudioStudio ,1BA$4.17
Wavecrest Lanai ApartmentsLower 1BR w/ patio1BR,1BA$4.09
Residences at Lake MerrittStudio E1AStudio ,1BA$3.67

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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
Downtown Alameda, Alameda, CA

Ranked #7

Among neighborhoods in Alameda, CA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

decorative image of woman handing cat to small boy

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

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit  article

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.