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The Nevanlinna algebras, ${}_{\alpha }^p$, of this paper are the $L^p$ variants of classical weighted area Nevanlinna classes of analytic functions on = z ∈ ℂ: |z| < 1. They are F-algebras, neither locally bounded nor locally convex, with a rich duality structure. For s = (α+2)/p, the algebra $F_s$ of analytic functions f: → ℂ such that ${(1-|z\left|\right)}^s\left|f\left(z\right)\right|\to 0$ as |z| → 1 is the Fréchet envelope of ${}_{\alpha }^p$. The corresponding algebra ${}_s^{\infty }$ of analytic f: → ℂ such that $su{p}_{z\in }{(1-|z\left|\right)}^s\left|f\left(z\right)\right|<\infty$ is a complete metric space but fails to be a topological vector space. $F_s$ is also...