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Cheap Homes for Rent in Downtown Neighborhood of Portland, ME from $2,200 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown area of Portland.
99 Silver St
PortlandME04101
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.
48 State St, Unit 4
48 State St
PortlandME04101
192 Front St
South PortlandME04106
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.
Showing Results 1-4, Page 1 of 1
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 | $3,286 | $2,264 | $5,000 |
| Downtown 3 Bedroom Homes for Rent | $17,500 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 4 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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Best Value Apartments for Rent in Downtown, ME
As of September 14, 2025 the best value apartment in the Downtown area is the $1.58 price per square foot 7 Grasmere Rd Model at 7 Grasmere Rd, Unit 2 in the in the Downtown Portland neighborhood starting from $1,900. The second greatest value Downtown apartment is the 438 Fore St Model at 438 Fore St, Unit 3A starting at $2,748 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. |
|---|---|---|---|
| 7 Grasmere Rd, Unit 2 | 7 Grasmere Rd | 2BR,1BA | $1.58 |
| 438 Fore St, Unit 3A | 438 Fore St | 2BR,1BA | $2.50 |
| Summit Terrace | 2 Bedroom | 2BR,1BA | $2.38 |
| 432 Fore St, Unit 3A | 432 Fore St | 1BR,1BA | $2.24 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $3.03 |
| Hiawatha | Hiawatha 1BD Plan A | 1BR,1BA | $4.05 |
| The Armature | Studio Floor Plan A | Studio ,1BA | $4.62 |
| The Casco | The Casco - Little Diamond Island | Studio ,1BA | $5.92 |
| Nightingale | Nightingale - Susie King Taylor | Studio ,1BA | $5.99 |
| The Linden | Studio/Efficiency | 1BR,1BA | $5.47 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown, Portland, ME
Ranked #11
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 466 Apartments for Rent in Downtown, ME with pricing that ranges from $1,718 to $5,580. There are also 13 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown ranging from $2,264 to $17,500.
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 $2,264 to $17,500 with an average monthly rent of $7,867.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.