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$1,174 - $2,980Studio to 3 Bedroom Apartments Contact Us For Availability
Princeton Pines
1375 Forest AvePortland, ME 04103
Cheap Apartments for Rent in Portland, ME from $1,174 (92 Rentals)
Search the lowest-cost Apartments available for rent right now in Portland.
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$1,326 - $1,9901 to 2 Bedroom Apartments Contact Us For Availability
Princeton on Back Cove
100 Forest ParkPortland, ME 04101
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$1,500 - $2,500Studio to 1 Bedroom Apartments Available Now
645 Congress Apartments
643-649 Congress StPortland, ME 04101
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$1,516 - $2,5001 to 2 Bedroom Apartments Contact Us For Availability
Tamarlane Apartments, LLC
46A TamarlanePortland, ME 04103
280 State St, Unit 2
280 State St
PortlandME04101
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$1,695
Total Monthly Price
Base Rent$1,695
Total Monthly Price$1,695
115 Carlyle Rd, Unit 1
115 Carlyle RdPortland, ME 04103
175 Pine St, Unit 2-H
175 Pine St
PortlandME04102
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Rent Specials
$1,721 - $1,865Studio to 1 Bedroom Apartments Available Now
117 Lofts
117 Preble StPortland, ME 04101
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$1,750 - $2,000
Total Monthly Price
Base Rent$1,750 - $2,000
Total Monthly Price$1,750 - $2,000
31 Deering St
31 Deering StPortland, ME 04101
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$1,7502 Bedroom Apartments Available Now
1 Horton Pl, Unit 1
1 Horton PlPortland, ME 04102
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,800 - $1,8502 Bedroom Apartments Available Sep 15
Terrace Pond
723 Riverside StPortland, ME 04103
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$1,833 - $3,764Studio to 2 Bedroom Apartments Available Now
Hiawatha
667 Congress StPortland, ME 04101
1 City Center
PortlandME04101
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Rent Specials
$1,850 - $2,500
Total Monthly Price
Base Rent$1,850 - $2,500
Total Monthly Price$1,850 - $2,500
11 Shepley St
11 Shepley StPortland, ME 04101
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$1,947
Total Monthly Price
Base Rent$1,947
Total Monthly Price$1,947
79 Bramhall St, Unit 3D
79 Bramhall StPortland, ME 04101
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Rent Specials
$1,965 - $2,3751 to 4 Bedroom Apartments Available Now
The Linden
132 Marginal WayPortland, ME 04101
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$1,990 - $4,100Studio to 2 Bedroom Apartments Available Now
The Casco
201 Federal StPortland, ME 04101
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$2,0001 Bedroom Apartment Available Now
65 Pine St, Unit B
65 Pine StPortland, ME 04102
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Rent Specials
$2,000 - $4,730Studio to 2 Bedroom Apartments Available Now
The Armature
52 Hanover StPortland, ME 04101
48 State St, Unit 21
48 State St
PortlandME04101
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
12 O'Brion St
PortlandME04101
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$2,1671 Bedroom Apartment Available Dec 4
537 Congress St, Unit 304
537 Congress StPortland, ME 04101
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$2,175
Total Monthly Price
Base Rent$2,175
Total Monthly Price$2,175
11 Ponce St, Unit 1
11 Ponce StPortland, ME 04101
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$2,252 - $2,726Studio to 1 Bedroom Apartments Available Now
Nightingale
144 State StPortland, ME 04101
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$2,295 - $2,5722 Bedroom Apartments Available Now
Winchester Woods
41 Winchester DrPortland, ME 04103
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$2,300 - $2,9002 Bedroom Apartments Available Now
Back Bay Tower
401 Cumberland AvePortland, ME 04101
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$2,300 - $4,5002 to 3 Bedroom Apartments Available Now
Island View
151 North StPortland, ME 04101
17 Elizabeth St
PortlandME04108
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$2,365
Total Monthly Price
Base Rent$2,365
Total Monthly Price$2,365
247 Allen Ave, Unit 1
247 Allen AvePortland, ME 04103
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Rent Specials
$2,377 - $4,313
Total Monthly Price
Base Rent$2,377 - $4,313
Total Monthly Price$2,377 - $4,313
Latitude at South Portland
350 Clark's Pond PkyPortland, ME 04106
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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$2,400
Total Monthly Price
Base Rent$2,400
Total Monthly Price$2,400
33 Atlantic St, Unit 3
33 Atlantic StPortland, ME 04101
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$2,4002 Bedroom Apartments Available Now
42 Powsland St
42 Powsland StPortland, ME 04102
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$2,400
Total Monthly Price
Base Rent$2,400
Total Monthly Price$2,400
28 Saint George St, Unit #3
28 Saint George StPortland, ME 04103
25 High St, Unit 506
25 High St
PortlandME04101
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Studio to 2 Bedroom Apartments
Burnham Hill Apartments
609 Ocean AvePortland, ME 04103
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1 to 4 Bedroom Apartments
Danforth Heights
48 Salem StPortland, ME 04102
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Studio to 2 Bedroom Apartments
Trelawny Building
655 Congress StPortland, ME 04101
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1 Bedroom Apartments
Wessex Woods (New 55+ Community!)
7 Wessex StPortland, ME 04102
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1 to 3 Bedroom Apartments
The Bellamy
240 Harvard StPortland, ME 04103
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2 Bedroom Apartments
Burnham Parkside Apartments
88 Park AvePortland, ME 04101
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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Studio to 2 Bedroom Apartments
Bayview Court
335 ForestPortland, ME 04101
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Studio to 1 Bedroom Apartments
The Metropolitan
439 Congress StPortland, ME 04101
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Studio to 3 Bedroom Apartments
Deering Place Apartments
61 Deering StPortland, ME 04101
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1 Bedroom Apartments
Old Port Arms
56 Exchange StPortland, ME 04101
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1 to 2 Bedroom Apartments
Burnham Parkside Apartments
94 Park AvePortland, ME 04101
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1 Bedroom Apartments
Spring Street Apartments
314 Spring StPortland, ME 04102
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Studio to 2 Bedroom Apartments
Shepley Apartments
18 Casco StPortland, ME 04101
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1 Bedroom Apartments
Princeton Village
220 Brighton AvePortland, ME 04102
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2 Bedroom Apartments
Forest Glen Apartments
1500 Forest AvePortland, ME 04103
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Studio to 1 Bedroom Apartments
The Clark on Pleasant Avenue
3 Pleasant AvePortland, ME 04103
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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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 | $2,140 | $1,174 | $3,156 |
| Cheap Portland 1 Bedroom Apartments | $2,240 | $1,275 | $3,872 |
| Cheap Portland 2 Bedroom Apartments | $2,469 | $1,516 | $4,730 |
| Cheap Portland 3 Bedroom Apartments | $2,812 | $2,105 | $4,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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
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Cheapest Neighborhoods for Apartments in Portland, ME
Pricing Updated: 09/07/2026Current apartment rentals in the Portland, ME area range in price from $1,174 to $4,730 with an overall median price of $2,278. The three Portland neighborhoods with the lowest median rent pricing are Nasons Corner at $1,850, North Deering at $1,990, and Rosemont at $2,065. 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 |
|---|---|---|---|
| Nasons Corner | $1,850 | $1,174 | 8 |
| North Deering | $1,990 | $1,174 | 7 |
| Rosemont | $2,065 | $1,174 | 49 |
| Parkside | $2,175 | $1,500 | 22 |
| Oakdale | $2,235 | $1,174 | 65 |
| Rock Row | $2,250 | $1,174 | 29 |
| Downtown | $2,293 | $1,500 | 50 |
| West Bayside | $2,293 | $1,326 | 31 |
| Deering Center | $2,294 | $1,174 | 51 |
| East Deering | $2,295 | $1,174 | 36 |
Cheapest Available Portland Apartments for Rent
The cheapest available apartment rental in Portland, ME is a 1 Bed unit found at 645 Congress Apartments in the Downtown Portland neighborhood priced from $1,520. Redbank Village in the South Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,720. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $1,520 |
| Redbank Village | The Kennebunk | 1BR,1BA | $1,720 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $1,850 |
| 117 Lofts | Studio | Studio,1BA | $1,865 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1,895 |
| The Linden | One Bedroom | 1BR,1BA | $1,965 |
| The Armature | Studio Floor Plan A | Studio,1BA | $2,000 |
Best Value Apartments for Rent in Portland, ME
As of September 07, 2026 the best value apartment in the Portland area is the $0.66 price per square foot 9 Haskell St Model at 9 Haskell St, Unit 2nd floor in the in the Riverton neighborhood starting from $2,650. The second greatest value Portland apartment is the Market Rate 3 Bedroom Townhome Model at Island View starting at $4,500 with a $2.32 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. |
|---|---|---|---|
| 9 Haskell St, Unit 2nd floor | 9 Haskell St | 3BR,1BA | $0.66 |
| Island View | Market Rate 3 Bedroom Townhome | 3BR,2BA | $2.32 |
| 15 Gay St, Unit 1st Floor | 15 Gay St | 3BR,1BA | $2.38 |
| Liberty Commons | THE EISENHOWER | 2BR,2BA | $2.52 |
| 5 Valley St, Unit Valley Street | 5 Valley St | 2BR,1BA | $2.24 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| Apartments at Blue Spruce Farm | 2 Bedroom 1 Bath BSF | 2BR,1BA | $2.47 |
| Waterside Apartments | 2 Bedroom 1 Bath Waterside | 2BR,1BA | $2.47 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2.31 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $2.18 |
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
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
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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
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
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 $2,000.
What is the price of a cheap apartment in Portland?
The cheapest apartment in Portland is 645 Congress Apartments which is listed at $1,520, while the average apartment in Portland costs $2,278.
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 55 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 $789 which is $1,489 cheaper than the average rent for all rentals in Portland.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.