280 State St, Unit 2
280 State St
PortlandME04101
Cheap Homes for Rent in the Downtown Neighborhood of Portland, ME from $1,630 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Portland.
175 Pine St, Unit 2-H
175 Pine St
PortlandME04102
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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$1,7502 Bedroom Apartments Available Now
1 Horton Pl, Unit 1
1 Horton PlPortland, ME 04102
48 State St, Unit 21
48 State 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.
25 High St, Unit 506
25 High St
PortlandME04101
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Downtown, Portland, ME Local Guide
How much does it cost to rent a home in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown 2 Bedroom Homes for Rent | $3,775 | $1,700 | $5,750 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 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 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 |
| 117 Lofts | Studio | Studio,1BA | $1,865 |
Best Value Apartments for Rent in Downtown, ME
As of September 07, 2026 the best value apartment in the Downtown area is the $2.53 price per square foot 2 Bed 1 Bath Model at Back Bay Tower in the in the Downtown Portland neighborhood starting from $2,300. The second greatest value Downtown apartment is the 2 Bed Model at Summit Terrace starting at $2,079 with a $2.31 price per square foot in the South 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. |
|---|---|---|---|
| Back Bay Tower | 2 Bed 1 Bath | 2BR,1BA | $2.53 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2.31 |
| 177 School St, Unit 177 School St. | 177 School St | 2BR,1.5BA | $2.74 |
| 11 Ponce St, Unit 1 | 11 Ponce St | 2BR,1BA | $2.72 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $2.18 |
| The Linden | Two Bedroom | 2BR,1BA | $3.26 |
| Hiawatha | Hiawatha 1BD Plan H | 1BR,1BA | $3.74 |
| 89 Anderson | 89 Anderson 1BD Plan C | 1BR,1BA | $3.75 |
| 65 Pine St, Unit B | 65 Pine St | 1BR,1BA | $3.33 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $3.70 |
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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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
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 #12
Among cities in Maine for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown
What type of rentals are currently available in Downtown?
There are currently 480 Apartments for Rent in Downtown, ME with pricing that ranges from $1,500 to $4,730. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $1,630 to $5,750.
What is the current price range for Rental Homes in Downtown?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown ranges from $1,630 to $5,750 with an average monthly rent of $3,008.
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.