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$1,174 - $2,793Studio to 3 Bedroom Apartments Contact Us For Availability
Princeton Pines
1375 Forest AvePortland, ME 04103
Cheap Apartments for Rent in Portland, ME from $600 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Portland.
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482 Cumberland Ave
PortlandME04101
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$800Studio Apartment Available Oct 1
430 E Bridge St, Unit Efficiency
430 E Bridge StWestbrook, ME 04092
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$1,195 - $1,965Studio to 2 Bedroom Apartments Contact Us For Availability
Olde English Village Apartments
503 Westbrook StSouth Portland, ME 04106
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Studio to 1 Bedroom Apartments
Plummer Senior Living - Newly renovated
192 Middle RdFalmouth, ME 04105
Showing Results 1-20, Page 1 of 1
Portland, ME Local Guide
How much does it cost to rent an apartment in Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Portland Studio Apartments | $2,072 | $800 | $3,899 |
| Cheap Portland 1 Bedroom Apartments | $2,295 | $1,264 | $3,850 |
| Cheap Portland 2 Bedroom Apartments | $2,569 | $1,264 | $5,580 |
| Cheap Portland 3 Bedroom Apartments | $2,777 | $2,175 | $4,300 |
| Cheap Portland 4 Bedroom Apartments | $3,157 | $2,700 | $3,600 |
Browse Top Apartments in Portland
See all Apartments in PortlandExplore Portland
Portland, ME Local Guide
Written By:
Staff Writer Local Guide Expert
- Portland Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Portland, ME
Pricing Updated: 09/08/2025Current apartment rentals in the Portland, ME area range in price from $800 to $5,580 with an overall median price of $3,305. The three Portland neighborhoods with the lowest median rent pricing are West End at $1,947, Old Port at $2,012, and Downtown at $1,366. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Portland Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| West End | $2,500 | $1,947 | 7 |
| Old Port | $2,748 | $2,012 | 7 |
| Downtown | $2,950 | $1,366 | 34 |
| Waterfront | $2,950 | $1,709 | 16 |
| North Deering | $2,996 | $1,174 | 32 |
| Rock Row | $3,150 | $800 | 29 |
| Back Cove | $3,165 | $1,174 | 66 |
| Downtown Portland | $3,165 | $1,366 | 57 |
| East Deering | $3,165 | $1,174 | 52 |
| Oakdale | $3,165 | $1,174 | 78 |
Cheapest Available Portland Apartments for Rent
The cheapest available apartment rental in Portland, ME is a 2 Beds unit found at The Bellamy in the North Deering neighborhood priced from $1,264. Tamarlane in the North Deering neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,516. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Bellamy | Schooner | 2BR,1BA | $1,264 |
| Tamarlane | Spruce | 2BR,2BA | $1,516 |
| The Linden | One Bedroom | 1BR,1BA | $1,722 |
| Back Bay Tower | 1 Bed 1 Bath | 1BR,1BA | $1,800 |
| Redbank Village | The Kennebunk | 1BR,1BA | $1,809 |
Best Value Apartments for Rent in Portland, ME
As of September 09, 2025 the best value apartment in the Portland area is the $1.40 price per square foot 81 Granite St Model at 81 Granite St, Unit 83 Granite #2 in the in the Downtown Portland neighborhood starting from $3,495. The second greatest value Portland apartment is the Three Bedroom Townhouse Model at Island View Apartments starting at $2,950 with a $1.52 price per square foot in the North Deering 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. |
|---|---|---|---|
| 81 Granite St, Unit 83 Granite #2 | 81 Granite St | 4BR,1BA | $1.40 |
| Island View Apartments | Three Bedroom Townhouse | 3BR,2BA | $1.52 |
| 112 Rochester St | 112 Rochester St | 4BR,1BA | $2.11 |
| 83 Dartmouth St, Unit 79#2 - Second Floor | 83 Dartmouth St | 3BR,1BA | $1.62 |
| 69 Myrtle St, Unit Apt # 2 | 69 Myrtle St | 4BR,1BA | $1.80 |
| 2 Cottage Ln, Unit 1 | 2 Cottage Ln | 2BR,1BA | $2.16 |
| 7 Grasmere Rd, Unit 2 | 7 Grasmere Rd | 2BR,1BA | $1.58 |
| 248 Valley St, Unit #1 | 248 Valley St | 2BR,1BA | $1.86 |
| Rumery Lofts | Two Bedroom | 2BR,1BA | $1.96 |
| Tamarlane | Plum | 1BR,1BA | $2.15 |
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Portland Overview
Many areas of Maine are quaint or rural. Portland is quite the opposite since a third of Maine’s population lives in the city and its suburbs. With that many people, there’s plenty to do from sporting events to your pick of hundreds of restaurants to enjoy. You’re sure to have numerous options when choosing from the many Portland apartments available.
Why live in Portland, ME?
Portland, Maine is a truly unique coastal city with a rarely-eclipsed heritage. The chances are good that you won’t be at a shortage for employment since the city’s unemployment rate is lower than what is typical for US cities. This’ll allow you to enjoy virtually any restaurant you could imagine with a great pick of fresh-caught seafood. Speaking of the sea, you’ll be able to go fishing, drop by the beach for a walk, or go out on the big water. You’ll also enjoy exploring a host of centuries-old buildings in the city.
Portland, MEPopulation: 66,417
Ranked #559
in US Census Population by City
Best Local Schools in Portland, ME
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Portland, ME Rentals by Map
See the most popular apartments and homes in Portland, ME
Getting Around Portland, ME
Walk Score®
77 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
73 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
44 / 100
Some Transit
A few nearby public transportation options
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
What is a cheap apartment in Portland?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Portland is under $1,917.
What is the price of a cheap apartment in Portland?
The cheapest apartment in Portland is The Bellamy which is listed at $1,264, while the average apartment in Portland costs $3,305.
What types of apartments are the cheapest in Portland?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 9 regular apartments in Portland that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Portland?
Cheap apartments in Portland have an average cost of $1,509 which is $1,796 cheaper than the average rent for all rentals in Portland.
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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.