364 Buxton Rd
SacoME04072
Cheap Homes for Rent in Portland, ME from $1,400 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Portland.
10 King St
BiddefordME04005
46 E Grand Ave
Old Orchard BeachME04064
86 Bacon St
BiddefordME04005
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.
154 Washington Ave
PortlandME04101
593 Washington Ave
PortlandME04103
37 Westwood Rd
GrayME04039
397 Alfred Rd
BiddefordME04005
40 E Grand Ave
Old Orchard BeachME04064
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
22 Weymouth Rd
GrayME04039
210 Beach St
SacoME04072
Showing Results 1-11, Page 1 of 1
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 | $2,990 | $1,850 | $9,475 |
| Portland 3 Bedroom Homes for Rent | $2,902 | $2,100 | $3,999 |
| Portland 4 Bedroom Homes for Rent | $5,585 | $3,600 | $9,475 |
| Portland 5 Bedroom Homes for Rent | $4,950 | $4,950 | $4,950 |
Browse Top Homes for Rent in Portland
Explore Portland
Portland, ME Local Guide
- Portland Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Portland, ME
Pricing Updated: 07/24/2025Current apartment rentals in the Portland, ME area range in price from $1,174 to $5,580 with an overall median price of $3,055. The three Portland neighborhoods with the lowest median rent pricing are Rock Row at $1,174, Rosemont at $1,174, and Libbytown 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 |
|---|---|---|---|
| Rock Row | $2,650 | $1,174 | 15 |
| Rosemont | $2,650 | $1,174 | 47 |
| Libbytown | $2,700 | $1,195 | 51 |
| West End | $2,700 | $1,777 | 3 |
| West Portland | $2,781 | $1,533 | 42 |
| West Bayside | $2,786 | $1,533 | 37 |
| Downtown Portland | $2,836 | $1,533 | 41 |
| East End | $2,836 | $1,709 | 1 |
| Oakdale | $2,836 | $1,174 | 50 |
| Old Port | $2,853 | $1,947 | 2 |
Cheapest Available Portland Apartments for Rent
The cheapest available apartment rental in Portland, ME is a 2 Beds unit found at Terrace Pond in the North Deering neighborhood priced from $1,700. Rumery Lofts in the North Deering neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,750. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Terrace Pond | 2 Bed 1 Bath | 2BR,1BA | $1,700 |
| Rumery Lofts | Studio | Studio,1BA | $1,750 |
| The Linden | One Bedroom | 1BR,1BA | $1,816 |
| Island View | 1 Bedroom Island View | 1BR,1BA | $1,995 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $2,162 |
Best Value Apartments for Rent in Portland, ME
As of July 24, 2025 the best value apartment in the Portland area is the $1.84 price per square foot 81 Granite St Model at 81 Granite St, Unit 83 Granite #2 in the in the Downtown Portland neighborhood starting from $3,495. The second greatest value Portland apartment is the 583 Washington Ave Model at 583 Washington Ave, Unit 2 starting at $2,940 with a $1.96 price per square foot in the North Deering 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. |
|---|---|---|---|
| 81 Granite St, Unit 83 Granite #2 | 81 Granite St | 4BR,1BA | $1.84 |
| 583 Washington Ave, Unit 2 | 583 Washington Ave | 3BR,1BA | $1.96 |
| Liberty Commons | THE ROOSEVELT DELUXE | 3BR,2BA | $2.13 |
| Back Bay Tower | 3 Bed 2 Bath | 3BR,2BA | $2.32 |
| Birchlane | #21 | 3BR,2BA | $2.67 |
| 91 Gray St, Unit 1 | 91 Gray St | 2BR,1BA | $2.64 |
| 50 Lincoln St, Unit Apt #3 | 50 Lincoln St | 4BR,1BA | $1.89 |
| Terrace Pond | 2 Bed 1 Bath | 2BR,1BA | $2.13 |
| Island View | 1 Bedroom Island View | 1BR,1BA | $2.70 |
| The Linden | One Bedroom | 1BR,1BA | $2.72 |
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Frequently Asked Questions about Portland
What type of rentals are currently available in Portland?
There are currently 654 Apartments for Rent in Portland, ME with pricing that ranges from $1,174 to $5,580. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $1,450 to $9,475.
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 $1,450 to $9,475 with an average monthly rent of $3,637.
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 $2,175 to $3,875, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $3,999. Four Bedroom Single-Family rentals are also available starting from $3,600 and Four Bedroom Apartments start at $1,700.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.