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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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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.
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The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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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 | $2,023 | $1,174 | $2,999 |
| Cheap Portland 1 Bedroom Apartments | $2,294 | $1,318 | $4,038 |
| Cheap Portland 2 Bedroom Apartments | $2,791 | $1,602 | $5,580 |
| Cheap Portland 3 Bedroom Apartments | $2,816 | $2,175 | $3,875 |
| Cheap Portland 4 Bedroom Apartments | $2,907 | $1,700 | $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: 07/25/2025Current apartment rentals in the Portland, ME area range in price from $1,174 to $5,580 with an overall median price of $3,055. The three Portland neighborhoods with the lowest median rent pricing are Rock Row at $1,174, Rosemont at $1,174, and Libbytown at $1,195. 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 |
|---|---|---|---|
| Rock Row | $2,650 | $1,174 | 15 |
| Rosemont | $2,650 | $1,174 | 47 |
| Libbytown | $2,700 | $1,195 | 51 |
| West End | $2,700 | $1,777 | 3 |
| West Portland | $2,781 | $1,533 | 42 |
| West Bayside | $2,786 | $1,533 | 37 |
| Downtown Portland | $2,836 | $1,533 | 41 |
| East End | $2,836 | $1,709 | 1 |
| Oakdale | $2,836 | $1,174 | 50 |
| Old Port | $2,853 | $1,947 | 2 |
Cheapest Available Portland Apartments for Rent
The cheapest available apartment rental in Portland, ME is a 2 Beds unit found at Terrace Pond in the North Deering neighborhood priced from $1,700. Rumery Lofts in the North Deering neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,750. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Terrace Pond | 2 Bed 1 Bath | 2BR,1BA | $1,700 |
| Rumery Lofts | Studio | Studio,1BA | $1,750 |
| The Linden | One Bedroom | 1BR,1BA | $1,816 |
| Island View | 1 Bedroom Island View | 1BR,1BA | $1,995 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $2,162 |
Best Value Apartments for Rent in Portland, ME
As of July 25, 2025 the best value apartment in the Portland area is the $1.84 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 583 Washington Ave Model at 583 Washington Ave, Unit 2 starting at $2,940 with a $1.96 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 | $1.84 |
| 583 Washington Ave, Unit 2 | 583 Washington Ave | 3BR,1BA | $1.96 |
| Liberty Commons | THE ROOSEVELT DELUXE | 3BR,2BA | $2.13 |
| Back Bay Tower | 3 Bed 2 Bath | 3BR,2BA | $2.32 |
| Birchlane | #21 | 3BR,2BA | $2.67 |
| 91 Gray St, Unit 1 | 91 Gray St | 2BR,1BA | $2.64 |
| 50 Lincoln St, Unit Apt #3 | 50 Lincoln St | 4BR,1BA | $1.89 |
| Terrace Pond | 2 Bed 1 Bath | 2BR,1BA | $2.13 |
| Island View | 1 Bedroom Island View | 1BR,1BA | $2.70 |
| The Linden | One Bedroom | 1BR,1BA | $2.72 |
Quick Rent Budget Calculator
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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.
Best Local Schools in Portland, ME
Harrison Lyseth Elementary School
Portland Public Schools
Public School - Grades PK-5 (496)
5 out of 10
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 the Cheapest Studio apartment in Portland?
Currently the most affordable Cheap Studio Apartment in Portland is at Rumery Lofts listed at $1,750.
How much is rent for a Cheap One Bedroom Portland Apartment?
The lowest price for a Cheap One Bedroom Portland Apartment is $1,816 at The Linden.
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 $1,700 at Terrace Pond.
What is the most affordable Portland Three Bedroom Apartment?
The best deal on a cheap Portland Three Bedroom Apartment rental is at Redbank Village and starts from $2,344.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.