close
View Me
$1,326 - $1,9901 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 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Portland area of Portland.
close
View Me
$1,500 - $2,500Studio to 1 Bedroom Apartments Available Now
645 Congress Apartments
643-649 Congress StPortland, ME 04101
close
View Me
Rent Specials
$1,566 - $1,865Studio to 1 Bedroom Apartments Available Sep 14
117 Lofts
117 Preble StPortland, ME 04101
close
View Me
$1,625 - $4,5001 to 3 Bedroom Apartments Available Now
Island View
151 North StPortland, ME 04101
154 Washington Ave
PortlandME04101
close
View Me
$1,6751 Bedroom Apartment Available Now
65 Pine St, Unit B
65 Pine StPortland, 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.
175 Pine St, Unit 2-H
175 Pine St
PortlandME04102
close
View Me
$1,750 - $2,000
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,750 - $2,000
Total Monthly Price
$1,750 - $2,000
31 Deering St
31 Deering StPortland, ME 04101
close
View Me
$1,757 - $3,4001 to 2 Bedroom Apartments Available Now
Back Bay Tower
401 Cumberland AvePortland, ME 04101
close
View Me
Rent Specials
$1,850 - $2,500
Total Monthly Price
1 Bedroom Apartments Available Sep 1Total Monthly Price
Base Rent
$1,850 - $2,500
Total Monthly Price
$1,850 - $2,500
11 Shepley St
11 Shepley StPortland, ME 04101
close
View Me
$1,850
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,850
Total Monthly Price
$1,850
473 Cumberland Ave, Unit 1
473 Cumberland AvePortland, ME 04101
close
View Me
$1,936 - $3,852Studio to 2 Bedroom Apartments Available Now
Hiawatha
667 Congress StPortland, ME 04101
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.
1 City Center
PortlandME04101
close
View Me
Rent Specials
$2,000 - $2,3751 to 4 Bedroom Apartments Available Now
The Linden
132 Marginal WayPortland, ME 04101
close
View Me
$2,025 - $4,730Studio to 2 Bedroom Apartments Available Now
The Armature
52 Hanover StPortland, ME 04101
close
View Me
1 to 4 Bedroom Apartments
Danforth Heights
48 Salem StPortland, ME 04102
close
View Me
Studio to 2 Bedroom Apartments
Trelawny Building
655 Congress StPortland, ME 04101
close
View Me
2 Bedroom Apartments
Burnham Parkside Apartments
88 Park AvePortland, ME 04101
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.
close
View Me
Studio to 2 Bedroom Apartments
Bayview Court
335 ForestPortland, ME 04101
close
View Me
Studio to 1 Bedroom Apartments
The Metropolitan
439 Congress StPortland, ME 04101
close
View Me
Studio to 3 Bedroom Apartments
Deering Place Apartments
61 Deering StPortland, ME 04101
close
View Me
1 Bedroom Apartments
Old Port Arms
56 Exchange StPortland, ME 04101
close
View Me
1 to 2 Bedroom Apartments
Burnham Parkside Apartments
94 Park AvePortland, ME 04101
close
View Me
1 Bedroom Apartments
Spring Street Apartments
314 Spring StPortland, ME 04102
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.
close
View Me
Studio to 2 Bedroom Apartments
Shepley Apartments
18 Casco StPortland, ME 04101
close
View Me
1 to 4 Bedroom Apartments
Munjoy South Townhouses
27B Mountfort StPortland, ME 04101
15 Middle St
PortlandME04101
Showing Results 1-27, Page 1 of 1
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 | $2,153 | $1,536 | $2,627 |
| Downtown Portland 1 Bedroom Apartments | $2,425 | $1,326 | $3,251 |
| Downtown Portland 2 Bedroom Apartments | $2,698 | $1,666 | $4,730 |
| Downtown Portland 3 Bedroom Apartments | $2,543 | $1,937 | $4,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 27 rentals with your search options within a 2 mile radius of the Downtown Portland Neighborhood of Portland, ME.
See all Apartments in PortlandExplore Portland
Downtown Portland, Portland, ME Local Guide
- Nearby Portland neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Portland Apartments for Rent
The cheapest available apartment rental in the Downtown Portland area of Portland, ME is a Studio unit found at 645 Congress Apartments priced from $1,500. The Linden has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,025. Here are the most affordable Downtown Portland apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 645 Congress Apartments | Studio | Studio,1BA | $1,500 |
| The Linden | One Bedroom | 1BR,1BA | $2,025 |
| The Armature | Studio Floor Plan A | Studio,1BA | $2,025 |
| 89 Anderson | 89 Anderson 1 BD Plan M | 1BR,1BA | $2,161 |
| The Casco | The Casco - Little Diamond Island | Studio,1BA | $2,290 |
| JM Real Estate Portland Rentals | 50 Monument Square, Unit 403 | Studio,1BA | $2,358 |
| Hiawatha | Hiawatha 1BD Plan H | 1BR,1BA | $2,360 |
Best Value Apartments for Rent in Downtown Portland, ME
As of August 18, 2026 the best value apartment in the Downtown Portland area is the $2.32 price per square foot Market Rate 3 Bedroom Townhome Model at Island View in the in the North Deering neighborhood starting from $4,500. The second greatest value Downtown Portland apartment is the 13 Hammond Street Model at 13 Hammond Street, Unit #1 starting at $2,700 with a $2.45 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. |
|---|---|---|---|
| Island View | Market Rate 3 Bedroom Townhome | 3BR,2BA | $2.32 |
| 13 Hammond Street, Unit #1 | 13 Hammond Street | 3BR,1BA | $2.45 |
| 46 Market St | Studio | Studio ,1BA | $2.50 |
| Back Bay Tower | 2 Bed 2 Bath | 2BR,2BA | $2.67 |
| 33 Atlantic St | 33 Atlantic St | 1BR,1BA | $3.20 |
| 8 Quebec St, Unit 2 | 8 Quebec St | 2BR,1BA | $3.44 |
| The Linden | Two Bedroom | 2BR,1BA | $3.26 |
| 473 Cumberland Ave, Unit 1 | 473 Cumberland Ave | 1BR,1BA | $2.85 |
| 65 Pine St, Unit B | 65 Pine St | 1BR,1BA | $2.79 |
| 89 Anderson | 89 Anderson 1 BD Plan M | 1BR,1BA | $3.71 |
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
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.
Read Article
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.
Let everyone know!
Do you know the Downtown Portland area?
If you’re an expert on all things Downtown Portland, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleDowntown Portland, Portland, ME
Ranked #11
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 645 Congress Apartments listed at $1,500.
How much is rent for a Cheap One Bedroom Downtown Portland Apartment?
The lowest price for a Cheap One Bedroom Downtown Portland Apartment is $1,520 at 645 Congress Apartments.
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 $2,175 at The Linden.
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.
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.