Cheap Apartments for Rent in Portland, ME from $600 (47 Rentals)

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Search the lowest-cost Apartments available for rent right now in Portland.

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.

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31 Deering St
$1,750 - $2,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,750 - $2,000
Total Monthly Price
$1,750 - $2,000
1 Bedroom Apartment Available Now

31 Deering St

31 Deering StPortland, ME 04101
Furnished
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11 Shepley St
Rent Specials
$1,850 - $2,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,850 - $2,500
Total Monthly Price
$1,850 - $2,500
1 Bedroom Apartments Available Now

11 Shepley St

11 Shepley StPortland, ME 04101
Furnished
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  • Utilities Included
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Burnham Hill Apartments
Studio to 2 Bedroom Apartments

Burnham Hill Apartments

609 Ocean AvePortland, ME 04103
  • Utilities Included

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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Danforth Heights
1 to 4 Bedroom Apartments

Danforth Heights

48 Salem StPortland, ME 04102
  • Utilities Included
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Trelawny Building
Studio to 2 Bedroom Apartments

Trelawny Building

655 Congress StPortland, ME 04101
  • Utilities Included
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The Bellamy
1 to 3 Bedroom Apartments

The Bellamy

240 Harvard StPortland, ME 04103
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Bayview Court
Studio to 2 Bedroom Apartments

Bayview Court

335 ForestPortland, ME 04101
  • Utilities Included
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The Metropolitan
Studio to 1 Bedroom Apartments

The Metropolitan

439 Congress StPortland, ME 04101
  • Utilities Included
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Old Port Arms
1 Bedroom Apartments

Old Port Arms

56 Exchange StPortland, ME 04101

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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Shepley Apartments
Studio to 2 Bedroom Apartments

Shepley Apartments

18 Casco StPortland, ME 04101
  • Utilities Included
property at 39 Villa Rd

$985

Total Monthly Price

Total Monthly Price

Base Rent
$985
Total Monthly Price
$985

2 Bedroom, 1 Bath Townhome for Rent

Available Now

39 Villa Rd

WestbrookME04092

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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West End Apartments
Studio to 3 Bedroom Apartments

West End Apartments

586 Westbrook StSouth Portland, ME 04106

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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Riverbrook Apartments
1 to 2 Bedroom Apartments

Riverbrook Apartments

30 Lydia LnSouth Portland, ME 04106
  • Utilities Included
Showing Results 1-47, Page 1 of 1

Portland, ME Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Portland, ME

Pricing Updated: 04/24/2026

Current apartment rentals in the Portland, ME area range in price from $1,174 to $4,411 with an overall median price of $3,094. The three Portland neighborhoods with the lowest median rent pricing are North Deering at $1,174, Rock Row at $1,174, and Stroudwater at $1,195. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Portland Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
North Deering$2,316$1,1748
Rock Row$2,607$1,17428
Stroudwater$2,607$1,19534
Old Port$2,701$1,9908
East End$2,836$1,6252
Nasons Corner$2,980$1,1743
West End$3,083$1,40010
Back Cove$3,110$1,17448
Downtown$3,110$1,40051
Downtown Portland$3,110$1,32644

Cheapest Available Portland Apartments for Rent

 

The cheapest available apartment rental in Portland, ME is a Studio unit found at 645 Congress Apartments in the Downtown Portland neighborhood priced from $1,500. 117 Lofts in the Downtown Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,740. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
645 Congress ApartmentsStudioStudio,1BA$1,500
117 LoftsStudioStudio,1BA$1,740
Forest Glen ApartmentsForest Glen2BR,1BA$1,775
The LindenStudio/Efficiency1BR,1BA$1,799
11 Shepley St1Bedroom1BR,1BA$1,850

Best Value Apartments for Rent in Portland, ME

As of April 24, 2026 the best value apartment in the Portland area is the $1.56 price per square foot 75 North St Model at 75 North St, Unit #1 in the in the Riverton neighborhood starting from $2,000. The second greatest value Portland apartment is the 12 White Birth Ln #24 Model at Birchlane starting at $3,000 with a $2.50 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 ListingModel NameBed/BathPrice Per Sq.Ft.
75 North St, Unit #175 North St3BR,1BA$1.56
Birchlane12 White Birth Ln #243BR,2BA$2.50
Summit Terrace2 Bed | Balcony + Washer/Dryer2BR,1BA$2.55
Olde English Village ApartmentsTwo Bedroom Executive2BR,1BA$1.99
Winchester WoodsTwo Bedroom2BR,1BA$2.53
Forest Glen ApartmentsForest Glen2BR,1BA$2.09
282 Brackett Street, Unit 2282 Brackett Street1BR,1BA$2.00
29 Turner St, Unit Unit 329 Turner St1BR,1BA$2.61
64 Gray St, Unit Unit 764 Gray St1BR,1BA$2.42
473 Cumberland Ave, Unit 1473 Cumberland Ave2BR,1BA$2.57

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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.

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The 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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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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Quick 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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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

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Portland, ME Rentals by Map

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See the most popular apartments and homes in Portland, ME

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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 645 Congress Apartments listed at $1,500.

How much is rent for a Cheap One Bedroom Portland Apartment?

The lowest price for a Cheap One Bedroom Portland Apartment is $1,520 at 645 Congress 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 $1,775 at Forest Glen Apartments.

What is the most affordable Portland Three Bedroom Apartment?

The best deal on a cheap Portland Three Bedroom Apartment rental is at Birchlane and starts from $3,000.

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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.