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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 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Portland.
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$1,402 - $2,162Studio to 1 Bedroom Apartments Available Now
645 Congress Apartments
643-649 Congress StPortland, ME 04101
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$1,500 - $2,2001 to 2 Bedroom Apartments Available Nov 22
Princeton on Back Cove
100 Forest ParkPortland, ME 04101
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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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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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$1,195 - $2,025Studio to 2 Bedroom Apartments Available Now
Olde English Village Apartments
503 Westbrook StSouth Portland, ME 04106
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$1,5001 Bedroom Apartment Available Now
868 Broadway, Unit Move in Ready 1 Bedroom
868 BroadwaySouth Portland, ME 04106
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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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Studio to 1 Bedroom Apartments
Plummer Senior Living - Newly renovated
192 Middle RdFalmouth, ME 04105
Showing Results 1-22, 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 | $2,012 | $1,174 | $2,650 |
| Cheap Portland 1 Bedroom Apartments | $2,222 | $1,264 | $3,297 |
| Cheap Portland 2 Bedroom Apartments | $2,547 | $1,516 | $4,995 |
| Cheap Portland 3 Bedroom Apartments | $2,778 | $1,264 | $4,500 |
| Cheap Portland 4 Bedroom Apartments | $3,018 | $2,836 | $3,200 |
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: 10/24/2025Current apartment rentals in the Portland, ME area range in price from $1,174 to $4,995 with an overall median price of $3,082. The three Portland neighborhoods with the lowest median rent pricing are Valley Street at $1,950, Old Port at $1,951, and Downtown Portland at $1,402. 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 |
|---|---|---|---|
| Valley Street | $2,372 | $1,950 | 9 |
| Old Port | $2,825 | $1,951 | 15 |
| Downtown Portland | $2,836 | $1,402 | 83 |
| East End | $2,836 | $1,709 | 3 |
| Downtown | $2,875 | $1,402 | 63 |
| Waterfront | $2,875 | $1,589 | 38 |
| West Bayside | $2,950 | $1,500 | 56 |
| West End | $2,991 | $1,402 | 12 |
| Back Cove | $3,018 | $1,174 | 92 |
| East Deering | $3,018 | $1,174 | 62 |
Cheapest Available Portland Apartments for Rent
The cheapest available apartment rental in Portland, ME is a 3 Beds unit found at The Bellamy in the North Deering neighborhood priced from $1,264. 645 Congress Apartments in the Downtown Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,402. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Bellamy | Mast | 3BR,1BA | $1,264 |
| 645 Congress Apartments | Studio | Studio,1BA | $1,402 |
| Tamarlane Apartments, LLC | Spruce | 2BR,2BA | $1,516 |
| The Linden | Studio/Efficiency | 1BR,1BA | $1,589 |
| 117 Lofts | 1 Bedroom | 1BR,1BA | $1,718 |
Best Value Apartments for Rent in Portland, ME
As of October 24, 2025 the best value apartment in the Portland area is the $1.52 price per square foot Three Bedroom Townhouse Model at Island View Apartments in the in the North Deering neighborhood starting from $2,950. The second greatest value Portland apartment is the 192 Presumpscot St Model at 192 Presumpscot St, Unit Second floor starting at $2,850 with a $1.97 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. |
|---|---|---|---|
| Island View Apartments | Three Bedroom Townhouse | 3BR,2BA | $1.52 |
| 192 Presumpscot St, Unit Second floor | 192 Presumpscot St | 3BR,1BA | $1.97 |
| 16 Sawyer St, Unit 16 Sawyer Street | 16 Sawyer St | 3BR,1BA | $1.69 |
| 1169 Broadway, Unit 1169 Broadway | 1169 Broadway | 2BR,1BA | $1.88 |
| 248 Valley St, Unit #1 | 248 Valley St | 2BR,1BA | $2.05 |
| Tamarlane Apartments, LLC | Spruce | 2BR,1BA | $1.55 |
| Back Bay Tower | 2 Bed 2 Bath | 2BR,2BA | $2.11 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| The Bellamy | Mast | 3BR,1BA | $1.40 |
| 1175 Broadway, Unit 1175 Broadway #2 | 1175 Broadway | 1BR,1BA | $1.78 |
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.
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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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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 $1,785.
What is the price of a cheap apartment in Portland?
The cheapest apartment in Portland is The Linden which is listed at $1,589, while the average apartment in Portland costs $3,082.
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 $1,395 which is $1,687 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.
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.