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$1,326 - $2,1501 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 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Portland area of Portland.
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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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$1,6001 Bedroom Apartments Available Now
138 Pine St, Unit 11
138 Pine StPortland, ME 04102
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$1,610 - $1,837Studio to 1 Bedroom Apartments Available Now
117 Lofts
117 Preble StPortland, ME 04101
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$1,625 - $3,0001 to 3 Bedroom Apartments Contact Us For Availability
Island View
151 North StPortland, ME 04101
537 Congress St
PortlandME04101
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$1,750 - $2,000
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1 Bedroom Apartment Available NowTotal Monthly Price
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$1,750 - $2,000
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$1,750 - $2,000
31 Deering St
31 Deering 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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$1,775 - $2,783Studio to 2 Bedroom Apartments Available Jul 20
Nightingale
144 State StPortland, ME 04101
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$1,799 - $3,4991 to 4 Bedroom Apartments Available Now
The Linden
132 Marginal WayPortland, ME 04101
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$1,800
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1 Bedroom Apartment Available NowTotal Monthly Price
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$1,800
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$1,800
473 Cumberland Ave, Unit 1, Unit 1
473 Cumberland AvePortland, ME 04101
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$1,826 - $3,356Studio to 2 Bedroom Apartments Available Now
Hiawatha
667 Congress StPortland, ME 04101
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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 - $2,500
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$1,850 - $2,500
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$1,850 - $2,500
11 Shepley St
11 Shepley StPortland, ME 04101
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$1,990 - $3,480Studio 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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$1,999 - $2,897Studio to 2 Bedroom Apartments Available Now
JM Real Estate Portland Rentals
1006 Congress StPortland, ME 04102
257 Deering Ave
PortlandME04103
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$2,0861 Bedroom Apartment Available Now
29 Turner St, Unit 3, Unit 3
29 Turner StPortland, ME 04101
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$2,100 - $3,5001 to 3 Bedroom Apartments Available Now
Back Bay Tower
401 Cumberland AvePortland, ME 04101
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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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2 Bedroom Apartments
Burnham Parkside Apartments
88 Park AvePortland, ME 04101
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
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
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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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Studio to 2 Bedroom Apartments
Shepley Apartments
18 Casco StPortland, 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.
60 Parris St
PortlandME04101
Showing Results 1-29, 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 | $2,236 | $1,610 | $2,585 |
| Downtown Portland 1 Bedroom Apartments | $2,460 | $1,326 | $3,575 |
| Downtown Portland 2 Bedroom Apartments | $2,423 | $1,683 | $3,500 |
| Downtown Portland 3 Bedroom Apartments | $2,449 | $1,937 | $3,400 |
| Downtown Portland 4 Bedroom Apartments | $3,167 | $2,836 | $3,499 |
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 29 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
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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 645 Congress Apartments priced from $1,520. 117 Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,610. Here are the most affordable Downtown Portland apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $1,520 |
| 117 Lofts | Studio | Studio,1BA | $1,610 |
| The Linden | Studio/Efficiency | 1BR,1BA | $1,799 |
| Hiawatha | Hiawatha Studio Plan D | Studio,1BA | $1,826 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $1,850 |
| The Casco | The Casco - Little Diamond Island | Studio,1BA | $1,990 |
| JM Real Estate Portland Rentals | 50 Monument Unit 306 | Studio,1BA | $1,999 |
Best Value Apartments for Rent in Downtown Portland, ME
As of May 17, 2026 the best value apartment in the Downtown Portland area is the $2.64 price per square foot 2 Bed 1 Bath Model at Back Bay Tower in the in the Downtown Portland neighborhood starting from $2,400. The second greatest value Downtown Portland apartment is the 29 Turner St Model at 29 Turner St, Unit 3 starting at $2,086 with a $2.61 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. |
|---|---|---|---|
| Back Bay Tower | 2 Bed 1 Bath | 2BR,1BA | $2.64 |
| 29 Turner St, Unit 3 | 29 Turner St | 1BR,1BA | $2.61 |
| 473 Cumberland Ave, Unit 1 | 473 Cumberland Ave | 1BR,1BA | $2.57 |
| 8 Quebec St, Unit 1 | 8 Quebec St | 2BR,1BA | $3.30 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $2.18 |
| 89 Anderson | 89 Anderson 1BD Plan F | 1BR,1BA | $3.60 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $3.70 |
| 117 Lofts | Studio | Studio ,1BA | $3.50 |
| JM Real Estate Portland Rentals | 50 Monument Unit 306 | Studio ,1BA | $4.49 |
| Hiawatha | Hiawatha Studio Plan D | Studio ,1BA | $4.43 |
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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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.
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Pet Friendly LifestyleDowntown Portland, Portland, ME
Ranked #10
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 117 Lofts listed at $1,610.
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 $2,150 at Back Bay Tower.
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
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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.