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$1,174 - $2,980Studio to 3 Bedroom Apartments Available Now
Princeton Pines
1375 Forest AvePortland, ME 04103
Cheap Apartments for Rent in Portland, ME from $600 (75 Rentals)
Search the lowest-cost Apartments available for rent right now in Portland.
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$1,3001 Bedroom Apartments Available Now
58 Portland St, Unit 21
58 Portland StPortland, ME 04101
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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
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$1,625 - $3,0001 to 3 Bedroom Apartments Contact Us For Availability
Island View
151 North StPortland, ME 04101
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$1,650 - $1,8502 Bedroom Apartments Available Jul 1
Terrace Pond
723 Riverside StPortland, ME 04103
537 Congress St
PortlandME04101
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$1,750 - $2,000
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
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$1,750 - $2,000
Total Monthly Price
$1,750 - $2,000
31 Deering St
31 Deering StPortland, ME 04101
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Rent Specials
$1,765Studio to 1 Bedroom Apartments Available Jul 6
117 Lofts
117 Preble StPortland, 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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$1,7752 Bedroom Apartments Available Now
Forest Glen Apartments
1500 Forest AvePortland, ME 04103
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$1,775 - $2,817Studio to 2 Bedroom Apartments Available Now
Nightingale
144 State StPortland, ME 04101
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$1,800
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
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$1,800
Total Monthly Price
$1,800
473 Cumberland Ave, Unit 1
473 Cumberland AvePortland, ME 04101
108 Cobb Ave
PortlandME04102
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$1,834 - $2,8361 to 4 Bedroom Apartments Contact Us For Availability
Munjoy South Townhouses
27B Mountfort StPortland, ME 04101
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$1,850 - $2,3151 to 4 Bedroom Apartments Available Now
The Linden
132 Marginal WayPortland, ME 04101
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$1,850 - $2,500
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1 Bedroom Apartments Available Sep 1Total Monthly Price
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$1,850 - $2,500
Total Monthly Price
$1,850 - $2,500
11 Shepley St
11 Shepley StPortland, ME 04101
76 Glenridge
PortlandME04102
19 Crescent St
PortlandME04102
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$1,997 - $3,577Studio to 1 Bedroom Apartments Available Now
The Casco
201 Federal 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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$1,997 - $2,382Studio to 2 Bedroom Apartments Available Now
Hiawatha
667 Congress StPortland, ME 04101
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$1,999 - $2,358Studio to 1 Bedroom Apartments Available Now
JM Real Estate Portland Rentals
1006 Congress StPortland, ME 04102
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$2,029 - $3,208Studio to 1 Bedroom Apartments Available Now
The Armature
52 Hanover StPortland, ME 04101
257 Deering Ave
PortlandME04103
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$2,0861 Bedroom Apartment Available Now
29 Turner St, Unit 3
29 Turner StPortland, ME 04101
60 Parris St, Unit 401
60 Parris St
PortlandME04101
94 Mellen St
PortlandME04101
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$2,200
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Studio Apartment Available NowTotal Monthly Price
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$2,200
Total Monthly Price
$2,200
33 Atlantic St, Unit 3
33 Atlantic 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
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 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
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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
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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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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Studio to 1 Bedroom Apartments
The Clark on Pleasant Avenue
3 Pleasant AvePortland, ME 04103
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2 Bedroom Apartments
Princeton Ridge
1342-1350 Forest AvePortland, ME 04103
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1 to 2 Bedroom Apartments
147 Pleasant Ave
147 Pleasant AvePortland, ME 04103
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1 to 2 Bedroom Apartments
West End Place
183 Brackett StPortland, ME 04102
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$1,0663 Bedroom Apartments Available Now
90 Pearl St, Unit 2
90 Pearl StSouth Portland, ME 04106
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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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$1,4611 Bedroom Apartments Available Jun 15
300 E Bridge St, Unit 123
300 E Bridge StWestbrook, ME 04092
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$1,4851 Bedroom Apartments Available Jul 15
160 Stroudwater St, Unit 205
160 Stroudwater StWestbrook, ME 04092
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.
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 | $2,216 | $1,174 | $3,839 |
| Cheap Portland 1 Bedroom Apartments | $2,329 | $1,300 | $3,577 |
| Cheap Portland 2 Bedroom Apartments | $2,493 | $1,516 | $3,541 |
| Cheap Portland 3 Bedroom Apartments | $2,591 | $1,066 | $3,617 |
| Cheap Portland 4 Bedroom Apartments | $3,018 | $2,836 | $3,200 |
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: 06/08/2026Current apartment rentals in the Portland, ME area range in price from $1,732 to $7,500 with an overall median price of $4,507. The three Portland neighborhoods with the lowest median rent pricing are Nasons Corner at $1,800, Stroudwater at $1,800, and East Bayside India Street at $2,090. 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 | $1,950 | $1,800 | 1 |
| Stroudwater | $1,950 | $1,800 | 1 |
| East Bayside India Street | $3,800 | $2,090 | 1 |
| Waterfront | $4,600 | $1,732 | 3 |
| Back Cove | $5,000 | $1,732 | 4 |
| Deering Center | $5,000 | $1,732 | 3 |
| Downtown | $5,000 | $1,732 | 3 |
| Downtown Portland | $5,000 | $1,732 | 3 |
| Libbytown | $5,000 | $1,732 | 6 |
| Oakdale | $5,000 | $1,732 | 4 |
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. Forest Glen Apartments in the North Deering neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,775. 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 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $1,775 |
| The Linden | One Bedroom | 1BR,1BA | $1,850 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1,895 |
| The Casco | The Casco - Deer Isle | Studio,1BA | $1,997 |
| JM Real Estate Portland Rentals | 50 Monument Unit 306 | Studio,1BA | $1,999 |
| Foreside Estates | The Beacon | 1BR,1BA | $2,000 |
Best Value Apartments for Rent in Portland, ME
As of June 09, 2026 the best value apartment in the Portland area is the $1.80 price per square foot 16 Alba Street Model at 16 Alba Street, Unit 16 in the in the North Deering neighborhood starting from $2,250. The second greatest value Portland apartment is the Two Bedroom Executive Model at Olde English Village Apartments starting at $1,895 with a $1.99 price per square foot in the Stroudwater 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. |
|---|---|---|---|
| 16 Alba Street, Unit 16 | 16 Alba Street | 3BR,1BA | $1.80 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2.48 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $2.09 |
| Summit Terrace at Woodland | 2 Bed | 2BR,1BA | $2.63 |
| 29 Turner St, Unit Unit 3 | 29 Turner St | 1BR,1BA | $2.61 |
| 473 Cumberland Ave, Unit 1 | 473 Cumberland Ave | 1BR,1BA | $2.57 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $2.18 |
| 261 Elm St, Unit 3 | 261 Elm St | 1BR,1BA | $2.54 |
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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Real 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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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
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 the Cheapest Studio apartment in Portland?
Currently the most affordable Cheap Studio Apartment in Portland is at The Casco listed at $1,997.
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 Redbank Village and starts from $2,607.
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
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.