19 Market Ln
BrunswickME04011
Cheap Homes for Rent in Portland, ME from $1,400 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Portland.
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$1,5502 Bedroom Apartments Available Jun 1
20 Dottie's Way
20 Dottie's WayWestbrook, ME 04092
537 Congress St
PortlandME04101
82 N Kelsey St
South PortlandME04106
60 Parris St
PortlandME04101
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
76 Glenridge
PortlandME04102
40 Claman Dr
WindhamME04062
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$1,995Studio Apartments Available Jul 1
19 Crescent St
19 Crescent StPortland, ME 04102
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$1,9951 Bedroom Apartments Available Jul 1
19 Crescent St
19 Crescent StPortland, ME 04102
158 Temple Ave
Old Orchard BeachME04064
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.
148 Breakwater Dr
South PortlandME04106
210 Beach St
SacoME04072
2 Cardinal Ln
KennebunkME04043
38 Meadow Way
BathME04530
170 Cleaves St
BiddefordME04005
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
117 Sunset Ave
South PortlandME04106
43 Cumberland St
BrunswickME04011
Showing Results 1-17, 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 | $3,117 | $1,950 | $7,500 |
| Portland 3 Bedroom Homes for Rent | $3,316 | $2,170 | $6,375 |
| Portland 4 Bedroom Homes for Rent | $11,505 | $3,800 | $10,000+ |
| Portland 5 Bedroom Homes for Rent | $12,000 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Top Homes for Rent in Portland
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Portland, ME Local Guide
- Portland Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Portland, ME
Pricing Updated: 05/27/2026Current apartment rentals in the Portland, ME area range in price from $1,174 to $3,617 with an overall median price of $3,097. The three Portland neighborhoods with the lowest median rent pricing are North Deering at $1,174, Valley Street at $1,995, and West End at $1,600. 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 |
|---|---|---|---|
| North Deering | $2,250 | $1,174 | 10 |
| Valley Street | $2,300 | $1,995 | 2 |
| West End | $2,300 | $1,600 | 6 |
| Stroudwater | $2,608 | $1,195 | 30 |
| Rock Row | $2,636 | $1,174 | 33 |
| Old Port | $2,725 | $1,990 | 4 |
| Nasons Corner | $2,743 | $1,174 | 7 |
| East End | $2,836 | $1,625 | 2 |
| Back Cove | $3,167 | $1,174 | 35 |
| Downtown Portland | $3,167 | $1,326 | 31 |
Cheapest Available Portland Apartments for Rent
The cheapest available apartment rental in Portland, ME is a 1 Bed unit found at 645 Congress Apartments in the Downtown Portland neighborhood priced from $1,520. 117 Lofts in the Downtown Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,765. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $1,520 |
| 117 Lofts | Studio | Studio,1BA | $1,765 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $1,775 |
| The Linden | Studio/Efficiency | 1BR,1BA | $1,799 |
| Summit Terrace at Woodland | Summit | 1BR,1BA | $1,865 |
Best Value Apartments for Rent in Portland, ME
As of May 27, 2026 the best value apartment in the Portland area is the $2.71 price per square foot Dog Friendly 3 Bedroom Townhouse Model at Princeton Pines in the in the North Deering neighborhood starting from $2,980. The second greatest value Portland apartment is the THE WASHINGTON DELUXE Model at Liberty Commons starting at $2,825 with a $2.85 price per square foot in the Stroudwater 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. |
|---|---|---|---|
| Princeton Pines | Dog Friendly 3 Bedroom Townhouse | 3BR,1.5BA | $2.71 |
| Liberty Commons | THE WASHINGTON DELUXE | 2BR,1.5BA | $2.85 |
| Summit Terrace | 2 Bed | Balcony | 2BR,1BA | $2.52 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| Island View | 2 Bedroom Island View | 2BR,1BA | $2.74 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $2.09 |
| 29 Turner St, Unit 3 | 29 Turner St | 1BR,1BA | $2.61 |
| 473 Cumberland Ave, Unit 1 | 473 Cumberland Ave | 1BR,1BA | $2.57 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $2.18 |
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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Real 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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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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Best Local Schools in Portland, ME
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Portland
What type of rentals are currently available in Portland?
There are currently 668 Apartments for Rent in Portland, ME with pricing that ranges from $1,174 to $3,839. There are also 49 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $1,475 to $38,775.
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 $1,475 to $38,775 with an average monthly rent of $6,477.
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 $1,937 to $3,617, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,170 to $6,375. Four Bedroom Single-Family rentals are also available starting from $3,800 and Four Bedroom Apartments start at $2,836.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.