
Cheap Homes for Rent in Alameda Neighborhood of Portland, OR from $1,200 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Alameda area of Portland.


2031 NE Clackamas St

301 NE Morris St

6315 NE 36th Ave, Unit B

5419 NE Everett St

4814 NE 32nd Pl, Unit #B

6500 N Michigan Ave

620 NW Naito Pkwy

930 NW Naito Pky, Unit K5

930 NW Naito Pkwy
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

6015 NE 42nd Ave

221 SE 15th Ave

717 NE Holland St

3975 NE Garfield 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 | $2,531 | $1,875 | $4,800 |
Alameda 3 Bedroom Homes for Rent | $3,179 | $2,475 | $4,895 |
Alameda 4 Bedroom Homes for Rent | $4,123 | $2,395 | $10,000+ |
Alameda 5 Bedroom Homes for Rent | $3,915 | $3,900 | $3,945 |
Browse Homes for Rent in this Neighborhood
There are currently 14 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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Modern Rich Apartments | 0BR/1.0BA | Studio,1BA | $649 |
Society 62 | Private Room w/Bath | 1BR,1BA | $700 |
Park Terrace | One Bedroom One Bathroom Unit Income and rent r... | 1BR,1BA | $729 |
Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $802 |
Zeal Lofts | S - Standard 1 | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Los Jardines de la Paz | 4 Bedroom 2 Baths | 4BR,2BA | $1.04 |
Villa de Suenos | 4 Bedroom 2 Baths PBV unit at 30% AMI | 4BR,2BA | $0.65 |
Clara Vista Townhomes | 3 Bed 1.5 Bath PBV Home Low Rent Limit | 3BR,1.5BA | $1.07 |
Villas de Mariposas | 3 Bedroom 1 Bath | 3BR,1.5BA | $1.08 |
5316 E Burnside St | 2 BR 1 BATH | 2BR,1BA | $1.94 |
Irvington Apartments | lxl | 1BR,1BA | $1.68 |
Hank Reardon Plaza | Townhouse Loft | 1BR,1BA | $1.63 |
The Commons | The Maple | 1BR,1BA | $1.64 |
Margaret Carter Plaza | One Bathroom One Bedroom HUD Unit | 1BR,1BA | $1.39 |
Maya Angelou | 1 Bedroom 1 Bath | 1BR,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.

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.

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.