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$1,150
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3 Bedroom Apartment Available NowTotal Monthly Price
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$1,150
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$1,150
127 Emery St
127 Emery StPortland, ME 04102
Cheap Apartments for Rent in the Downtown Neighborhood of Portland, ME from $800 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Portland.
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$1,363 - $2,500Studio to 1 Bedroom Apartments Available Aug 21
645 Congress Apartments
643-649 Congress StPortland, ME 04101
610 Congress St
PortlandME04101
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Rent Specials
$1,566 - $1,700Studio to 1 Bedroom Apartments Available Sep 14
117 Lofts
117 Preble StPortland, ME 04101
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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
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$1,757 - $3,4001 to 2 Bedroom Apartments Available Now
Back Bay Tower
401 Cumberland AvePortland, ME 04101
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.
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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
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$1,850 - $2,500
11 Shepley St
11 Shepley StPortland, ME 04101
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$1,850
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1 Bedroom Apartment Available Aug 1Total Monthly Price
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$1,850
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$1,850
473 Cumberland Ave, Unit 1
473 Cumberland AvePortland, ME 04101
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$1,9631 Bedroom Apartment Available Sep 8
29 Turner St, Unit 1
29 Turner StPortland, ME 04101
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$2,000 - $2,3751 to 4 Bedroom Apartments Available Now
The Linden
132 Marginal WayPortland, ME 04101
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$2,029 - $4,113Studio to 2 Bedroom Apartments Available Now
The Armature
52 Hanover StPortland, ME 04101
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$2,062
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1 Bedroom Apartment Available NowTotal Monthly Price
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$2,062
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$2,062
79 Bramhall St, Unit 2H
79 Bramhall StPortland, ME 04102
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.
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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
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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
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.
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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
154 Washington Ave
PortlandME04101
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Studio to 2 Bedroom Apartments
Shepley Apartments
18 Casco StPortland, ME 04101
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1 to 4 Bedroom Apartments
Munjoy South Townhouses
27B Mountfort 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.
60 Parris St
PortlandME04101
Showing Results 1-25, 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 | $2,210 | $1,363 | $2,627 |
| Downtown 1 Bedroom Apartments | $2,488 | $1,750 | $3,605 |
| Downtown 2 Bedroom Apartments | $2,555 | $2,120 | $4,113 |
| Downtown 3 Bedroom Apartments | $2,000 | $1,150 | $2,850 |
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 25 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Portland, ME.
See all Apartments in PortlandExplore Portland
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 1 Bed unit found at The Linden priced from $2,000. The Armature has the second lowest priced unit, which is a Studio apartment currently listed from $2,125. Here are the most affordable Downtown apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Linden | One Bedroom | 1BR,1BA | $2,000 |
| The Armature | Studio w/ Bed Nook Floor Plan C | Studio,1BA | $2,125 |
| Summit Terrace | 2 Bed | Balcony + Washer/Dryer | 2BR,1BA | $2,268 |
| The Casco | The Casco - Back Bay | Studio,1BA | $2,322 |
| Nightingale | Nightingale - Elizabeth P. Dealey (Workforce Ho... | 1BR,1BA | $2,352 |
Best Value Apartments for Rent in Downtown, ME
As of July 30, 2026 the best value apartment in the Downtown area is the $0.82 price per square foot 127 Emery St Model at 127 Emery St in the in the Downtown Portland neighborhood starting from $1,150. The second greatest value Downtown apartment is the Studio Model at 46 Market St starting at $2,627 with a $2.50 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. |
|---|---|---|---|
| 127 Emery St | 127 Emery St | 3BR,1BA | $0.82 |
| 46 Market St | Studio | Studio ,1BA | $2.50 |
| 79 Bramhall St, Unit 2H | 79 Bramhall St | 1BR,1BA | $2.27 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2.69 |
| 177 School St, Unit 177 School St. | 177 School St | 2BR,1.5BA | $2.74 |
| 33 Atlantic St | 33 Atlantic St | 1BR,1BA | $3.20 |
| 8 Quebec St, Unit 2 | 8 Quebec St | 2BR,1BA | $3.44 |
| The Linden | One Bedroom | 1BR,1BA | $2.99 |
| The Armature | Studio Floor Plan A | Studio ,1BA | $5.00 |
| 31 Deering St | 31 Deering St | 1BR,1BA | $5.00 |
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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Pet Friendly LifestyleDowntown, Portland, ME
Ranked #13
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 The Armature listed at $2,125.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $2,000 at The Linden.
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 $2,268 at Summit Terrace.
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.
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.