21 Mill Rd
FalmouthME04105
Cheap Homes for Rent in Portland, ME from $1,300 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Portland.
86 Bacon St
BiddefordME04005
11 Parris St
PortlandME04101
175 Woodlawn Ave
PortlandME04103
39 Smithwheel Rd
Old Orchard BeachME04064
21 Mill Rd
FalmouthME04105
18 Ocean St
South PortlandME04106
24 Windsor Ter
PortlandME04103
48 State St, Unit 4
48 State St
PortlandME04101
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Portland, ME Local Guide
How much does it cost to rent a home in Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portland 2 Bedroom Homes for Rent | $3,170 | $1,650 | $8,875 |
| Portland 3 Bedroom Homes for Rent | $4,421 | $2,400 | $10,000+ |
| Portland 4 Bedroom Homes for Rent | $4,745 | $3,300 | $8,775 |
| Portland 5 Bedroom Homes for Rent | $4,950 | $4,950 | $4,950 |
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Portland, ME Local Guide
- Portland Neighborhoods
- Nearby Cities
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- Local Counties
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Cheapest Neighborhoods for Apartments in Portland, ME
Pricing Updated: 10/01/2025Current apartment rentals in the Portland, ME area range in price from $800 to $4,995 with an overall median price of $2,810. The three Portland neighborhoods with the lowest median rent pricing are Rosemont at $1,174, Nasons Corner at $800, and Stroudwater at $1,195. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Portland Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Rosemont | $2,374 | $1,174 | 74 |
| Nasons Corner | $2,376 | $800 | 29 |
| Stroudwater | $2,400 | $1,195 | 42 |
| Libbytown | $2,453 | $1,195 | 80 |
| Rock Row | $2,469 | $800 | 23 |
| North Deering | $2,523 | $1,174 | 25 |
| Valley Street | $2,547 | $1,974 | 6 |
| Riverton | $2,550 | $800 | 65 |
| Old Port | $2,646 | $1,911 | 7 |
| Deering Center | $2,696 | $1,174 | 74 |
Cheapest Available Portland Apartments for Rent
The cheapest available apartment rental in Portland, ME is a 2 Beds unit found at Tamarlane Apartments, LLC in the North Deering neighborhood priced from $1,516. The Linden in the Downtown Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,589. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tamarlane Apartments, LLC | Spruce | 2BR,2BA | $1,516 |
| The Linden | Studio/Efficiency | 1BR,1BA | $1,589 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1,895 |
Best Value Apartments for Rent in Portland, ME
As of October 01, 2025 the best value apartment in the Portland area is the $1.52 price per square foot Three Bedroom Townhouse Model at Island View Apartments in the in the North Deering neighborhood starting from $2,950. The second greatest value Portland apartment is the 28 Caleb St Model at 28 Caleb St, Unit 1 starting at $2,500 with a $1.47 price per square foot in the Riverton neighborhood. Here is today’s list of the best values for Portland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Island View Apartments | Three Bedroom Townhouse | 3BR,2BA | $1.52 |
| 28 Caleb St, Unit 1 | 28 Caleb St | 2BR,1BA | $1.47 |
| 194 Falmouth St, Unit #1 | 194 Falmouth St | 3BR,1BA | $1.47 |
| 2 Cottage Ln, Unit 1 | 2 Cottage Ln | 2BR,1BA | $2.16 |
| 49 Seeley Ave, Unit 2 | 49 Seeley Ave | 1BR,1.5BA | $1.98 |
| Back Bay Tower | 2 Bed 1 Bath | 2BR,1BA | $2.21 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| Tamarlane Apartments, LLC | Maple | 2BR,1BA | $1.63 |
| The Bellamy | Bower | 2BR,1BA | $1.97 |
| 430 E Bridge St, Unit Efficiency | 430 E Bridge St | Studio ,1BA | $2.00 |
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Portland, MEPopulation: 66,417
Ranked #559
in US Census Population by City
Best Local Schools in Portland, ME
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Frequently Asked Questions about Portland
What type of rentals are currently available in Portland?
There are currently 667 Apartments for Rent in Portland, ME with pricing that ranges from $800 to $4,995. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $1,375 to $17,500.
What is the current price range for Rental Homes in Portland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Portland ranges from $1,375 to $17,500 with an average monthly rent of $3,530.
How much are larger Three and Four Bedroom Rentals in Portland?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Portland range from $1,264 to $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,400 to $17,500. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $2,836.
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.
Kansas Citys Major Employers & the Best Places to Rent Near Them | A Local Expert Guide
Written by: Amber Kanuckel
Hey, there! I’m Amber, your ApartmentHomeLiving.com local expert for Kansas City, and I’m back with my recommendations for top employers in the area.
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.
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.