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$1,500 - $2,500Studio to 1 Bedroom Apartments Available Now
645 Congress Apartments
643 Congress StPortland, ME 04101
Cheap Apartments for Rent in the Downtown Neighborhood of Portland, ME from $880 (32 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Portland.
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$1,500
Total Monthly Price
Base Rent$1,500
Total Monthly Price$1,500
91 Emery St, Unit 3
91 Emery StPortland, ME 04102
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Rent Specials
$1,625 - $1,865Studio to 1 Bedroom Apartments Available Nov 2
117 Lofts
117 Preble StPortland, ME 04101
280 State St, Unit 2
280 State St
PortlandME04101
175 Pine St, Unit 2-H
175 Pine St
PortlandME04102
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$1,7502 Bedroom Apartments Available Now
1 Horton Pl, Unit 1
1 Horton PlPortland, ME 04102
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$1,750 - $2,000
Total Monthly Price
Base Rent$1,750 - $2,000
Total Monthly Price$1,750 - $2,000
31 Deering St
31 Deering StPortland, ME 04101
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$1,833 - $3,677Studio to 2 Bedroom Apartments Available Now
Hiawatha
667 Congress StPortland, 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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Rent Specials
$1,850 - $2,500
Total Monthly Price
Base Rent$1,850 - $2,500
Total Monthly Price$1,850 - $2,500
11 Shepley St
11 Shepley StPortland, ME 04101
602 Congress St
PortlandME04101
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Rent Specials
$1,965 - $2,3751 to 4 Bedroom Apartments Available Now
The Linden
132 Marginal WayPortland, ME 04101
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$1,990 - $4,100Studio to 2 Bedroom Apartments Available Now
The Casco
201 Federal StPortland, ME 04101
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Rent Specials
$2,000 - $4,730Studio to 2 Bedroom Apartments Available Now
The Armature
52 Hanover StPortland, ME 04101
48 State St, Unit 21
48 State St
PortlandME04101
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$2,087 - $2,672Studio to 1 Bedroom Apartments Available Now
Nightingale
144 State StPortland, ME 04101
12 O'Brion St
PortlandME04101
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
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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
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
Spring Street Apartments
314 Spring StPortland, ME 04102
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Studio to 2 Bedroom Apartments
Shepley Apartments
18 Casco StPortland, ME 04101
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Studio to 2 Bedroom Apartments
89 Anderson
89 Anderson StPortland, ME 04101
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1 to 4 Bedroom Apartments
Munjoy South Townhouses
27B Mountfort StPortland, ME 04101
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2 Bedroom Apartments
236 High Street
232-236 High StPortland, ME 04101
60 Parris St
PortlandME04101
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$2,079 - $2,4622 Bedroom Apartments Available Now
Summit Terrace
111 Summit TerSouth Portland, ME 04106
172 Broadway
South PortlandME04106
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.
Showing Results 1-32, 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 | $2,189 | $1,500 | $2,904 |
| Downtown 1 Bedroom Apartments | $2,351 | $1,500 | $3,126 |
| Downtown 2 Bedroom Apartments | $2,595 | $1,750 | $4,730 |
| Downtown 3 Bedroom Apartments | $3,085 | $2,460 | $4,000 |
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 32 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 645 Congress Apartments priced from $1,520. 11 Shepley St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,850. Here are the most affordable Downtown apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $1,520 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $1,850 |
| The Linden | One Bedroom | 1BR,1BA | $1,965 |
| The Casco | The Casco - Deer Isle | Studio,1BA | $1,990 |
| The Armature | Studio Floor Plan A | Studio,1BA | $2,000 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2,079 |
| Nightingale | Nightingale - Margaret Higgins Sanger | Studio,1BA | $2,252 |
Best Value Apartments for Rent in Downtown, ME
As of September 13, 2026 the best value apartment in the Downtown area is the $2.17 price per square foot 396 Preble 2 Bedroom Model at Thomas Edwards House in the in the Downtown Portland neighborhood starting from $2,500. The second greatest value Downtown apartment is the 2 Bed 1 Bath Model at Back Bay Tower starting at $2,300 with a $2.53 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. |
|---|---|---|---|
| Thomas Edwards House | 396 Preble 2 Bedroom | 2BR,1BA | $2.17 |
| Back Bay Tower | 2 Bed 1 Bath | 2BR,1BA | $2.53 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2.31 |
| 11 Ponce St, Unit 1 | 11 Ponce St | 2BR,1BA | $2.72 |
| 91 Emery St, Unit 3 | 91 Emery St | 1BR,1BA | $1.88 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $2.18 |
| The Linden | Two Bedroom | 2BR,1BA | $3.26 |
| Hiawatha | Hiawatha 1BD Plan H | 1BR,1BA | $3.70 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $3.70 |
| 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.
Read Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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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Quick Rent Budget Calculator
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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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If you’re an expert on all things Downtown, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown, Portland, ME
Ranked #9
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 Casco listed at $1,990.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $1,520 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 $2,079 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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
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.