503 1/2 Richmond St
WinchesterIN47394
Cheap Homes for Rent in Portland, IN from $600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Portland.
233 1/2 W Washington St
WinchesterIN47394
521 W Franklin St
Hartford CityIN47348
302 N Meridian St
PortlandIN47371
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.
207 N Columbia St
Union CityIN47390
125 W Chestnut St
Union CityIN47390
113 Orchard Ave
CelinaOH45822
616.5 Jersey St
BlufftonIN46714
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.
Showing Results 1-8, 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 a home in Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portland 2 Bedroom Homes for Rent | $1,134 | $800 | $1,400 |
| Portland 3 Bedroom Homes for Rent | $1,254 | $711 | $2,300 |
| Portland 4 Bedroom Homes for Rent | $1,516 | $1,450 | $1,599 |
Browse Top Homes for Rent in Portland
Explore Portland
Portland, IN Local Guide
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Cheapest Available Portland Apartments for Rent and Nearby
The cheapest available apartment rental in Portland, IN is a 4 Beds unit found at University Village in the Westacres neighborhood priced from $514. The Haven in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $565. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| University Village | 4BD/2BA Furnished Premium | 4BR,2BA | $514 |
| The Haven | 4x4 | 4BR,4BA | $565 |
| Flats at West End | Luxury You Can Afford: Renovated 1BR Downtown |... | 1BR,1BA | $690 |
Best Value Apartments for Rent in Portland, IN and Nearby
As of June 20, 2026 the best value apartment in the Portland area is the $0.39 price per square foot 4BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $514. The second greatest value Portland apartment is the Pulse 7616 Model at Freedom Acres MHC starting at $1,139 with a $0.94 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. |
|---|---|---|---|
| University Village | 4BD/2BA Furnished Premium | 4BR,2BA | $0.39 |
| Freedom Acres MHC | Pulse 7616 | 3BR,2BA | $0.94 |
| PINE GROVE APARTMENTS | 3 BED 2 BATH | 3BR,2BA | $0.89 |
| Cardinal Creek Crossing Apartments | 2BD/1BA | 2BR,1BA | $0.99 |
| OAK TERRACE APARTMENTS | 2 bedroom 1.5 bath townhome | 2BR,1.5BA | $1.01 |
| The Latitude Apartments | 2x2 Classic | 2BR,2BA | $1.09 |
| Silvertree Communities | Silvertree 2bd | 2BR,1BA | $0.70 |
| 424 Lofts | 1 bedroom | 1BR,1BA | $1.09 |
| 715 E Race St | *Newly Renovated* Premium Style 2-Bedroom Apart... | 2BR,1BA | $1.11 |
| *Newly Renovated* Premium Style 2-4 BD Apartment Home | 2 Beds, 1 bath | 2BR,1BA | $0.94 |
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
Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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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Explore Portland, IN Rentals by Map
See the most popular apartments and homes in Portland, IN
Frequently Asked Questions about Portland
What type of rentals are currently available in Portland?
There are currently 62 Apartments for Rent in Portland, IN with pricing that ranges from $305 to $930,980. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $650 to $2,300.
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 $650 to $2,300 with an average monthly rent of $1,070.
How much are larger Three and Four Bedroom Rentals in Portland?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Portland range from $305 to $1,750, while Three Bedroom Homes, Condos, and Townhomes for rent range from $711 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,450 and Four Bedroom Apartments start at $449.
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
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.