Cheap Homes for Rent in Portland, CT from $1,200 (8 Rentals)

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

property at 127 Burgundy Hill Ln

$1,325

Total Monthly Price

Total Monthly Price

Base Rent
$1,325

Total Monthly Price
$1,325

1 Bedroom, 1 Bath Condo for Rent

Available Now

127 Burgundy Hill Ln

MiddletownCT06457
property at 20 Burgundy Hill Ln

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

1 Bedroom, 1 Bath Condo for Rent

Available Now

20 Burgundy Hill Ln

MiddletownCT06457

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 176 Burgundy Hill Ln

$1,475

Total Monthly Price

Total Monthly Price

Base Rent
$1,475

Total Monthly Price
$1,475

1 Bedroom, 1 Bath Condo for Rent

Available Now

176 Burgundy Hill Ln

MiddletownCT06457
property at 20 Woodsedge Dr

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

20 Woodsedge Dr

NewingtonCT06111
property at 252 Main St

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

252 Main St, Unit A3, Unit A3

252 Main St
PortlandCT06480
property at 161 Burgundy Hill Ln

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 Bedroom, 1 Bath Condo for Rent

Available Now

161 Burgundy Hill Ln

MiddletownCT06457

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Portland, CT Local Guide

Cheapest Available Portland Apartments for Rent

 

The cheapest available apartment rental in Portland, CT is a Studio unit found at Stoneycrest Tower in the Cromwell Middletown neighborhood priced from $1,133. 562 Main St in the Durham East Haddam neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Stoneycrest TowerEfficiencyStudio,1BA$1,133
562 Main St1 BR1BR,1BA$1,300
Middletown at Main594-studioStudio,1BA$1,400

Best Value Apartments for Rent in Portland, CT

As of April 24, 2026 the best value apartment in the Portland area is the $1.67 price per square foot 20 Church St Model at 20 Church St, Unit 20 Church St. in the in the Outer Glastonbury Marlborough neighborhood starting from $2,000. The second greatest value Portland apartment is the Two Bedroom Townhouse Model at Rose Gardens Apartments starting at $1,700 with a $1.89 price per square foot in the Cromwell Middletown neighborhood. Here is today’s list of the best values for Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
20 Church St, Unit 20 Church St.20 Church St3BR,1.5BA$1.67
Rose Gardens ApartmentsTwo Bedroom Townhouse2BR,1.5BA$1.89
Woodbury ApartmentsTwo Bedroom Townhouse2BR,1.5BA$1.90
The Wilcox1B/1B Loft1BR,1BA$1.89
Woodrow Wilson Apartments1 Bedroom1BR,1BA$1.75
WillowcrestOne Bedroom Flat1BR,1BA$1.85
Rockwood Manor35 Grimes Road1BR,1BA$2.17
518 High St, Unit 1st FL Rear518 High St1BR,1BA$2.08
173 Great Hill Pond Rd, Unit A173 Great Hill Pond Rd1BR,1BA$2.14
562 Main St1 BR1BR,1BA$2.09

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

Read Article
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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Portland

What type of rentals are currently available in Portland?

There are currently 127 Apartments for Rent in Portland, CT with pricing that ranges from $1,100 to $3,176. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $1,250 to $3,400.

What is the current price range for Rental Homes in Portland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Portland ranges from $1,250 to $3,400 with an average monthly rent of $2,274.

Expert Rental Resources

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.

Articles, How-To's, and Tips

decorative image for Where to Rent Cheap in Hartford: 10 Affordable Neighborhoods for New Transplants article

Where to Rent Cheap in Hartford: 10 Affordable Neighborhoods for New Transplants

Written by: Dorian Smith-Garcia

Connecticut is a popular choice, especially for people like me thinking of relocating from the New York City metro.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.