65 Jefferson St
BiddefordME04005
Cheap Homes for Rent in Portland, ME from $1,300 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Portland.
34 Ocean Park Rd
SacoME04072
10 King St
BiddefordME04005
38 Graham 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
270 Brackett St, Unit 2
270 Brackett St
PortlandME04102
638 Elm St
SacoME04072
1 Saco Ave
SacoME04072
The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
25 Briarwood Dr
BiddefordME04005
59 Western Ave
BiddefordME04005
37 Westwood Rd
GrayME04039
30 Lincoln St
WestbrookME04092
22 Weymouth Rd
GrayME04039
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.
40 E Grand Ave
Old Orchard BeachME04064
39 Smithwheel Rd
Old Orchard BeachME04064
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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 | $3,014 | $1,550 | $9,475 |
| Portland 3 Bedroom Homes for Rent | $5,218 | $1,800 | $10,000+ |
| Portland 4 Bedroom Homes for Rent | $4,463 | $2,995 | $9,475 |
| Portland 5 Bedroom Homes for Rent | $5,225 | $4,950 | $5,500 |
Browse Top Homes for Rent in Portland
Explore Portland
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: 08/11/2025Current apartment rentals in the Portland, ME area range in price from $1,174 to $5,580 with an overall median price of $3,339. The three Portland neighborhoods with the lowest median rent pricing are Old Port at $1,947, West End at $1,757, and Downtown at $1,757. 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 |
|---|---|---|---|
| Old Port | $2,779 | $1,947 | 3 |
| West End | $2,900 | $1,757 | 5 |
| Downtown | $2,950 | $1,757 | 21 |
| Waterfront | $3,025 | $1,709 | 9 |
| North Deering | $3,150 | $1,174 | 30 |
| Rock Row | $3,150 | $1,174 | 18 |
| Back Cove | $3,165 | $1,174 | 49 |
| Downtown Portland | $3,165 | $1,533 | 47 |
| East Deering | $3,165 | $1,174 | 45 |
| Oakdale | $3,165 | $1,174 | 58 |
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 | $1,842 |
| Redbank Village | The Kennebunk | 1BR,1BA | $1,939 |
| 117 Lofts | Studio | Studio,1BA | $1,941 |
Best Value Apartments for Rent in Portland, ME
As of August 11, 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 112 Rochester St Model at 112 Rochester St starting at $3,600 with a $2.11 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. |
|---|---|---|---|
| 81 Granite St, Unit 83 Granite #2 | 81 Granite St | 4BR,1BA | $1.84 |
| 112 Rochester St | 112 Rochester St | 4BR,1BA | $2.11 |
| 96 North St, Unit 1 | 96 North St | 2BR,1BA | $2.64 |
| Birchlane | #21 | 3BR,2BA | $2.67 |
| 91 Gray St, Unit 1 | 91 Gray St | 2BR,1BA | $2.64 |
| Autumn Woods Apartments | 2 Bedroom Autumn Woods | 2BR,1BA | $2.53 |
| Carrier Woods Apartments | 2 Bedroom 1 Bath Carrier | 2BR,1BA | $2.60 |
| Terrace Pond | 2 Bed 1 Bath | 2BR,1BA | $2.13 |
| Waterside Apartments | 1 Bedroom 1 Bath Waterside | 1BR,1BA | $2.70 |
| The Linden | One Bedroom | 1BR,1BA | $2.76 |
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Frequently Asked Questions about Portland
What type of rentals are currently available in Portland?
There are currently 675 Apartments for Rent in Portland, ME with pricing that ranges from $1,174 to $5,580. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $1,350 to $20,000.
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 $1,350 to $20,000 with an average monthly rent of $3,508.
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 $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $20,000. Four Bedroom Single-Family rentals are also available starting from $2,995 and Four Bedroom Apartments start at $2,700.
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.
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.
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.