Cheap Homes for Rent in Alameda Neighborhood of Portland, OR from $1,200 (14 Rentals)

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

property at 301 NE Morris St

301 NE Morris St

PortlandOR97212
property at 5419 NE Everett St

5419 NE Everett St

PortlandOR97213

Portland’s Best Affordable Neighborhoods

Learn about Portland and the best places to live with original content written by our Portland, OR Local Expert Chad Deitchley

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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 Studio unit found at Modern Rich Apartments priced from $649. 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
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
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$802
Zeal LoftsS - Standard 1Studio,1BA$820

Best Value Apartments for Rent in Alameda, OR

As of March 22, 2025 the best value apartment in the Alameda area is the $1.04 price per square foot 4 Bedroom 2 Baths Model at Los Jardines de la Paz in the in the Cully neighborhood starting from $1,413. The second greatest value Alameda apartment is the 4 Bedroom 2 Baths PBV unit at 30% AMI Model at Villa de Suenos starting at $848 with a $0.65 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.
Los Jardines de la Paz4 Bedroom 2 Baths4BR,2BA$1.04
Villa de Suenos4 Bedroom 2 Baths PBV unit at 30% AMI4BR,2BA$0.65
Clara Vista Townhomes3 Bed 1.5 Bath PBV Home Low Rent Limit3BR,1.5BA$1.07
Villas de Mariposas3 Bedroom 1 Bath3BR,1.5BA$1.08
5316 E Burnside St2 BR 1 BATH2BR,1BA$1.94
Irvington Apartmentslxl1BR,1BA$1.68
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
The CommonsThe Maple1BR,1BA$1.64
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.39
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.68

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Frequently Asked Questions about Alameda

What type of rentals are currently available in Alameda?

There are currently 989 Apartments for Rent in Alameda, OR with pricing that ranges from $500 to $20,000. There are also 59 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alameda ranging from $1,295 to $10,200.

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 $1,295 to $10,200 with an average monthly rent of $2,832.

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 $1,793 to $3,972, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,475 to $4,895. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $2,495.

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 A Portland Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent article

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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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.

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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.

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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.