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$1,533 - $2,0261 to 2 Bedroom Apartments Contact Us For Availability
Princeton on Back Cove
100 Forest ParkPortland, ME 04101
Cheap Apartments for Rent in the Downtown Portland Neighborhood of Portland, ME from $800 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Portland area of Portland.
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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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Downtown Portland, Portland, ME Local Guide
How much does it cost to rent an apartment in Downtown Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Portland Studio Apartments | $2,219 | $1,721 | $3,200 |
| Downtown Portland 1 Bedroom Apartments | $2,398 | $1,533 | $3,850 |
| Downtown Portland 2 Bedroom Apartments | $2,855 | $1,887 | $5,580 |
| Downtown Portland 3 Bedroom Apartments | $3,172 | $2,175 | $4,300 |
| Downtown Portland 4 Bedroom Apartments | $3,165 | $2,836 | $3,495 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Downtown Portland Neighborhood of Portland, ME.
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Downtown Portland, Portland, ME Local Guide
- Nearby Portland neighborhoods
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Cheapest Available Downtown Portland Apartments for Rent
The cheapest available apartment rental in the Downtown Portland area of Portland, ME is a 1 Bed unit found at The Linden priced from $1,722. Rumery Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,917. Here are the most affordable Downtown Portland apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Linden | One Bedroom | 1BR,1BA | $1,722 |
| Rumery Lofts | Two Bedroom Workforce Housing | 2BR,1BA | $1,917 |
| JM Real Estate Portland Rentals | 50 Monument Unit 406 | Studio,1BA | $1,974 |
| The Armature | Studio Floor Plan A | Studio,1BA | $2,030 |
| Nightingale | Nightingale - Susie King Taylor | Studio,1BA | $2,042 |
Best Value Apartments for Rent in Downtown Portland, ME
As of September 16, 2025 the best value apartment in the Downtown Portland area is the $1.40 price per square foot 81 Granite St Model at 81 Granite St, Unit 83 Granite #2 in the in the Downtown Portland neighborhood starting from $3,495. The second greatest value Downtown Portland apartment is the Three Bedroom Townhouse Model at Island View Apartments starting at $2,950 with a $1.52 price per square foot in the North Deering neighborhood. Here is today’s list of the best values for Downtown Portland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 81 Granite St, Unit 83 Granite #2 | 81 Granite St | 4BR,1BA | $1.40 |
| Island View Apartments | Three Bedroom Townhouse | 3BR,2BA | $1.52 |
| 83 Dartmouth St, Unit 79#2 - Second Floor | 83 Dartmouth St | 3BR,1BA | $1.62 |
| 7 Grasmere Rd, Unit 2 | 7 Grasmere Rd | 2BR,1BA | $1.58 |
| 438 Fore St, Unit 3A | 438 Fore St | 2BR,1BA | $2.50 |
| 248 Valley St, Unit #1 | 248 Valley St | 2BR,1BA | $1.86 |
| 9 Boynton St, Unit 2 | 9 Boynton St | 2BR,1BA | $2.30 |
| 432 Fore St, Unit 3A | 432 Fore St | 1BR,1BA | $2.24 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $3.03 |
| Rumery Lofts | Two Bedroom Workforce Housing | 2BR,1BA | $2.81 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown Portland, Portland, ME
Ranked #4
Among cities in Maine for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Portland, Portland, ME
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Portland, Maine. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, pet-friendly features, places that make kids happy, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Portland Apartments
What is the Cheapest Studio apartment in Downtown Portland?
Currently the most affordable Cheap Studio Apartment in Downtown Portland is at JM Real Estate Portland Rentals listed at $1,974.
How much is rent for a Cheap One Bedroom Downtown Portland Apartment?
The lowest price for a Cheap One Bedroom Downtown Portland Apartment is $1,722 at The Linden.
What is the lowest price for a Cheap Two Bedroom Downtown Portland Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Portland is starting from $1,917 at Rumery Lofts.
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.
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.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.