Cheap Homes for Rent in Alameda Neighborhood of Portland, OR from $800 (14 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

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Showing Results 1-14, 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 Studio unit found at Dekum Court priced from $502. Modern Rich Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here are the most affordable Alameda apartments for rent in Portland, OR:

Apartment ListingModel NameBed/BathPriced From
Dekum CourtStudioStudio,1BA$502
Modern Rich Apartments0BR/1.0BAStudio,1BA$649
Society 62Private Room1BR,$700
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$729
Zeal LoftsStudio 2Studio,1BA$795

Best Value Apartments for Rent in Alameda, OR

As of May 15, 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 lxl Model at Irvington Apartments starting at $1,450 with a $1.71 price per square foot in the Central Northeast Portland 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
Irvington Apartmentslxl1BR,1BA$1.71
Dekum Court2 Bed2BR,1BA$1.71
4255 Northeast Wygant Street, Unit Apt C4255 Northeast Wygant Street1BR,1BA$1.56
Cully Park Apartments2BR/1.0BA2BR,1BA$1.61
Hank Reardon PlazaTownhouse Loft1BR,1BA$1.63
Orlo1/1 lg1BR,1BA$1.75
Margaret Carter PlazaOne Bathroom One Bedroom HUD Unit1BR,1BA$1.47
Maya Angelou1 Bedroom 1 Bath1BR,1BA$1.68
Park TerraceOne Bedroom One Bathroom Unit Income and rent r...1BR,1BA$1.35

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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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 $502 to $201,953. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Alameda ranging from $800 to $4,250.

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 $800 to $4,250 with an average monthly rent of $2,346.

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 $1,604 to $3,972, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,395 and Four Bedroom Apartments start at $734.

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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.