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Rent Specials
$1,200 - $2,230Studio to 1 Bedroom Apartments Available Now
645 Congress Apartments
643-649 Congress StPortland, ME 04101
Cheap Apartments for Rent in the Downtown Neighborhood of Portland, ME from $800 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Portland.
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$1,2003 Bedroom Apartment Available Feb 1
127 Emery St
127 Emery StPortland, ME 04102
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$1,4501 Bedroom Apartment Available Now
31 State St, Unit B
31 State StPortland, ME 04101
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$1,4751 Bedroom Apartment Available Feb 1
11 Locust St, Unit G
11 Locust StPortland, ME 04101
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Rent Specials
$1,550 - $1,775Studio to 1 Bedroom Apartments Available Now
117 Lofts
117 Preble 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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$1,565Studio Apartment Available Now
126 Spring St, Unit 2
126 Spring StPortland, 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
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Studio to 2 Bedroom Apartments
Bayview Court
335 ForestPortland, 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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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
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.
Showing Results 1-15, Page 1 of 1
Downtown, Portland, ME Local Guide
How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $2,118 | $1,200 | $2,650 |
| Downtown 1 Bedroom Apartments | $2,359 | $1,450 | $3,695 |
| Downtown 2 Bedroom Apartments | $2,905 | $1,800 | $4,995 |
| Downtown 3 Bedroom Apartments | $2,631 | $1,200 | $3,600 |
| Downtown 4 Bedroom Apartments | $2,836 | $2,836 | $2,836 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Portland, ME.
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Downtown, Portland, ME Local Guide
- Nearby Portland neighborhoods
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Portland, ME is a Studio unit found at 645 Congress Apartments priced from $1,200. 117 Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,775. Here are the most affordable Downtown apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 645 Congress Apartments | Studio | Studio,1BA | $1,200 |
| 117 Lofts | 1 Bedroom | 1BR,1BA | $1,775 |
| The Linden | Studio/Efficiency | 1BR,1BA | $1,795 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $1,850 |
| The Casco | The Casco - Back Cove Workforce | Studio,1BA | $1,947 |
Best Value Apartments for Rent in Downtown, ME
As of January 29, 2026 the best value apartment in the Downtown area is the $2.59 price per square foot 482 Congress St Model at 482 Congress St, Unit 305 in the in the Downtown Portland neighborhood starting from $3,595. The second greatest value Downtown apartment is the 65 Pine St 2 Bedroom Model at Thomas Edwards House starting at $2,800 with a $2.43 price per square foot in the Downtown Portland neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 482 Congress St, Unit 305 | 482 Congress St | 1BR,1.5BA | $2.59 |
| Thomas Edwards House | 65 Pine St 2 Bedroom | 2BR,1BA | $2.43 |
| Back Bay Tower | 2 Bed 1 Bath | 2BR,1BA | $2.31 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2.38 |
| 241 Spring St, Unit 1F | 241 Spring St | 1BR,1BA | $2.63 |
| 473 Cumberland Ave, Unit 1 | 473 Cumberland Ave | 2BR,1BA | $2.57 |
| 31 State St, Unit B | 31 State St | 1BR,1BA | $2.18 |
| 147 Pearl St, Unit 7 | 147 Pearl St | 1BR,1BA | $2.83 |
| 126 Spring St, Unit 2 | 126 Spring St | Studio ,1BA | $2.85 |
| 645 Congress Apartments | Studio | Studio ,1BA | $2.42 |
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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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, ME
Ranked #20
Among cities in Maine for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Apartments
What is the Cheapest Studio apartment in Downtown?
Currently the most affordable Cheap Studio Apartment in Downtown is at 645 Congress Apartments listed at $1,200.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $1,375 at 645 Congress Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $2,000 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
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.