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Cheap Apartments for Rent in Portland, IN from $300 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Portland.
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202 N Meridian St
PortlandIN47371
203 W Race St
PortlandIN47371
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$600 - $9001 to 2 Bedroom Apartments Contact Us For Availability
River Landing Apartments
2590 W White River BlvdMuncie, IN 47303
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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.
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$670 - $7902 to 3 Bedroom Apartments Available Now
HUNTERS OAK APARTMENTS
1199 E Russ RdGreenville, OH 45331
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Rent Specials
$675 - $7951 to 2 Bedroom Apartments Available Now
Maple Leaf Apartments
309 S High StUnion City, IN 47390
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728 Schirmeyer St
DecaturIN46733
225 S Angle St
DunkirkIN47336
210 3rd St
WinchesterIN47394
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
100 E Williams St
FarmlandIN47340
802 1/2 N Mulberry St
MuncieIN47305
411 Wheeling Ave
MuncieIN47303
2300 E Memorial Dr
MuncieIN47302
822 W Bethel Ave
MuncieIN47303
1710 Madison St
DecaturIN46733
740 E State St
AlbanyIN47320
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.
745 N Mulberry St
MuncieIN47305
Showing Results 1-22, Page 1 of 1
Portland, IN Local Guide
Jay County Courthouse in Portland by Chris Light is licensed under CC BY-SA 3.0
How much does it cost to rent an apartment in Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portland Studio Apartments | $696 | $640 | $900 |
| Portland 1 Bedroom Apartments | $915 | $600 | $1,800 |
| Portland 2 Bedroom Apartments | $1,015 | $510 | $1,650 |
| Portland 3 Bedroom Apartments | $784 | $350 | $1,463 |
| Portland 4 Bedroom Apartments | $450 | $350 | $530 |
Browse Top Apartments in Portland
See all Apartments in PortlandExplore Portland
Portland, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Portland Apartments for Rent and Nearby
The cheapest available apartment rental in Portland, IN is a 4 Beds unit found at The Haven in the Westacres neighborhood priced from $530. Yugo Muncie Varsity House in the Westacres neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $569. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Haven | 4x4 | 4BR,4BA | $530 |
| Yugo Muncie Varsity House | 3 Bed, 3 Bath Classic Renovated | 3BR,3BA | $569 |
| Applegate | Studio | Studio,1BA | $640 |
| HUNTERS OAK APARTMENTS | 2 Bedroom 1 Bathroom | 2BR,1BA | $670 |
| Maple Leaf Apartments | 1BR/1.0BA | 1BR,1BA | $675 |
Best Value Apartments for Rent in Portland, IN and Nearby
As of October 23, 2025 the best value apartment in the Portland area is the $0.84 price per square foot 3 bedroom Model at Granton Place Apartments in the starting from $1,125. The second greatest value Portland apartment is the 2BD/2BA Furnished Premium Model at University Village starting at $809 with a $0.62 price per square foot in the Westacres neighborhood. Here is today’s list of the best values for Portland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Granton Place Apartments | 3 bedroom | 3BR,1.5BA | $0.84 |
| University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
| Thomas Jefferson Park | 2 Bedroom | 2BR,1.5BA | $0.77 |
| FIELDCREST APARTMENTS | 2 bedroom | 2BR,1BA | $0.91 |
| 55+ Historic Gallatin Square Senior | Two Bedroom | 2BR,1BA | $1.06 |
| Silvertree Communities | Everbrook Townhomes | 2BR,1.5BA | $0.71 |
| Delaware Acres | Pulse 6016 | 2BR,2BA | $1.04 |
| HUNTERS OAK APARTMENTS | 3 Bedroom 1 Bathroom | 3BR,1BA | $0.84 |
| Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.90 |
| Arrasmith Apartments | 1BR/1.0BA | 1BR,1BA | $0.90 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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 ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
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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!
Explore Portland, IN Rentals by Map
See the most popular apartments and homes in Portland, IN
Getting Around Portland, IN
Walk Score®
23 / 100
Car-Dependent
Almost all errands require a car
Bike Score®
39 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Portland Apartments
How much is rent for a Cheap One Bedroom Portland Apartment?
The lowest price for a Cheap One Bedroom Portland Apartment is $675 at Maple Leaf Apartments.
What is the lowest price for a Cheap Two Bedroom Portland Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Portland is starting from $670 at HUNTERS OAK APARTMENTS.
What is the most affordable Portland Three Bedroom Apartment?
The best deal on a cheap Portland Three Bedroom Apartment rental is at The Haven and starts from $565.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.