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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 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Portland.
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$1,450Studio Apartment Available Now
122 Allen Ave, Unit Falmouth Coastalandings
122 Allen AvePortland, ME 04103
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Rent Specials
$1,495 - $1,995Studio to 1 Bedroom Apartments Available Now
117 Lofts
117 Preble StPortland, ME 04101
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Rent Specials
$1,500 - $2,230Studio to 1 Bedroom Apartments Available Now
645 Congress Apartments
643-649 Congress StPortland, ME 04101
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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
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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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
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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 to 2 Bedroom Apartments
Burnham Parkside Apartments
94 Park AvePortland, 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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1 Bedroom Apartments
Old Port Arms
56 Exchange StPortland, ME 04101
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1 Bedroom Apartments
Spring Street Apartments
314 Spring StPortland, ME 04102
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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 to 2 Bedroom Apartments
Cortland Court Apartment Homes
696 Westbrook StSouth Portland, ME 04106
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Studio to 3 Bedroom Apartments
West End Apartments
586 Westbrook StSouth Portland, ME 04106
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1 Bedroom Apartments
Mill Company Gardens Apartments
121 E Margaret StSouth Portland, ME 04106
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Studio to 1 Bedroom Apartments
Plummer Senior Living - Newly renovated
192 Middle RdFalmouth, ME 04105
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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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 | $2,003 | $1,174 | $2,650 |
| Cheap Portland 1 Bedroom Apartments | $2,253 | $1,474 | $3,695 |
| Cheap Portland 2 Bedroom Apartments | $2,511 | $1,444 | $4,345 |
| Cheap Portland 3 Bedroom Apartments | $2,660 | $1,937 | $3,600 |
| Cheap Portland 4 Bedroom Apartments | $2,836 | $2,836 | $2,836 |
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: 03/10/2026Current apartment rentals in the Portland, ME area range in price from $1,174 to $4,345 with an overall median price of $2,882. The three Portland neighborhoods with the lowest median rent pricing are North Deering at $1,174, Libbytown at $1,195, and Rosemont at $1,174. 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 |
|---|---|---|---|
| North Deering | $2,411 | $1,174 | 22 |
| Libbytown | $2,600 | $1,195 | 91 |
| Rosemont | $2,600 | $1,174 | 72 |
| Valley Street | $2,600 | $1,600 | 4 |
| Rock Row | $2,607 | $1,174 | 38 |
| Stroudwater | $2,607 | $1,195 | 50 |
| West End | $2,725 | $1,500 | 19 |
| Nasons Corner | $2,793 | $1,174 | 14 |
| Back Cove | $2,836 | $1,174 | 81 |
| Downtown Portland | $2,836 | $1,495 | 67 |
Cheapest Available Portland Apartments for Rent
The cheapest available apartment rental in Portland, ME is a Studio unit found at 117 Lofts in the Downtown Portland neighborhood priced from $1,495. 645 Congress Apartments in the Downtown Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,500. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 117 Lofts | Studio | Studio,1BA | $1,495 |
| 645 Congress Apartments | Studio | Studio,1BA | $1,500 |
| Redbank Village | The Kennebunk | 1BR,1BA | $1,630 |
| Terrace Pond | 2 Bed 1 Bath | 2BR,1BA | $1,650 |
| Island View | Affordable 2 Bedroom (TC, 60% AMI) | 2BR,1BA | $1,683 |
Best Value Apartments for Rent in Portland, ME
As of March 10, 2026 the best value apartment in the Portland area is the $1.62 price per square foot 2 bedroom Model at 49 Berkshire Rd in the in the North Deering neighborhood starting from $3,200. The second greatest value Portland apartment is the 60 Noyes St Model at 60 Noyes St starting at $2,850 with a $1.90 price per square foot in the Downtown Portland 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. |
|---|---|---|---|
| 49 Berkshire Rd | 2 bedroom | 2BR,1.5BA | $1.62 |
| 60 Noyes St | 60 Noyes St | 3BR,1BA | $1.90 |
| 583 Washington Ave, Unit 2 | 583 Washington Ave | 3BR,1BA | $1.97 |
| 164 Veranda St | 164 Veranda St | 2BR,1BA | $2.30 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| Island View | Affordable 2 Bedroom (TC, 60% AMI) | 2BR,1BA | $1.87 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $2.09 |
| 282 Brackett Street, Unit 2 | 282 Brackett Street | 1BR,1BA | $2.00 |
| Terrace Pond | 2 Bed 1 Bath | 2BR,1BA | $2.10 |
| 122 Allen Ave, Unit Falmouth Coastalandings | 122 Allen Ave | Studio ,1BA | $2.13 |
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.
Read ArticleCash 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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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 $1,851.
What is the price of a cheap apartment in Portland?
The cheapest apartment in Portland is 645 Congress Apartments which is listed at $1,600, while the average apartment in Portland costs $2,882.
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 $1,434 which is $1,448 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
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.
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.