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$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 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Portland.
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Rent Specials
$1,550 - $1,995Studio to 1 Bedroom Apartments Available Now
117 Lofts
117 Preble StPortland, ME 04101
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$1,589 - $2,5771 to 4 Bedroom Apartments Available Now
The Linden
132 Marginal WayPortland, ME 04101
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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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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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Showing Results 1-13, 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 | $2,090 | $1,200 | $2,650 |
| Downtown 1 Bedroom Apartments | $2,345 | $1,566 | $3,349 |
| Downtown 2 Bedroom Apartments | $2,941 | $1,800 | $4,995 |
| Downtown 3 Bedroom Apartments | $3,108 | $2,600 | $3,600 |
| Downtown 4 Bedroom Apartments | $2,836 | $2,836 | $2,836 |
Browse Apartments in this Neighborhood
There are currently 13 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
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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 Studio apartment currently listed from $1,550. 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 | Studio | Studio,1BA | $1,550 |
| The Linden | Studio/Efficiency | 1BR,1BA | $1,589 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $1,850 |
| Back Bay Tower | 2 Bed 2 Bath | 2BR,2BA | $2,000 |
Best Value Apartments for Rent in Downtown, ME
As of December 14, 2025 the best value apartment in the Downtown area is the $3.30 price per square foot 67 North St Model at 67 North St, Unit Apartment #1 in the in the North Deering neighborhood starting from $3,800. The second greatest value Downtown apartment is the Townhouse Model at Back Bay Tower starting at $2,700 with a $2.45 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. |
|---|---|---|---|
| 67 North St, Unit Apartment #1 | 67 North St | 2BR,1BA | $3.30 |
| Back Bay Tower | Townhouse | 2BR,2BA | $2.45 |
| 438 Fore St, Unit 3A | 438 Fore St | 2BR,1BA | $2.50 |
| 89 Anderson | 89 Anderson 2BD Plan B | 2BR,1BA | $3.22 |
| Summit Terrace | 2 Bedroom | 2BR,1BA | $2.38 |
| 473 Cumberland Ave, Unit 1 | 473 Cumberland Ave | 2BR,1BA | $2.57 |
| 8 Quebec St, Unit 1 | 8 Quebec St | 2BR,1BA | $3.30 |
| 126 Spring St, Unit 2 | 126 Spring St | Studio ,1BA | $2.85 |
| 117 Lofts | 1 Bedroom | 1BR,1BA | $3.56 |
| 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.
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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, ME
Ranked #22
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
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.