39 Villa Rd
WestbrookME04092
Cheap Homes for Rent in Portland, ME from $900 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Portland.
43 Main St
RaymondME04071
171 Oak St
LewistonME04240
397 Alfred Rd
BiddefordME04005
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.
20 Washington Ave
Old Orchard BeachME04064
105 Main St
BiddefordME04005
16 Briarwood Dr
BiddefordME04005
148 Breakwater Dr, Unit 819, Unit 819
148 Breakwater Dr
South PortlandME04106
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.
Showing Results 1-8, 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 | $3,034 | $985 | $7,500 |
| Portland 3 Bedroom Homes for Rent | $4,134 | $2,200 | $8,000 |
| Portland 4 Bedroom Homes for Rent | $6,368 | $4,200 | $9,775 |
| Portland 5 Bedroom Homes for Rent | $5,500 | $5,500 | $5,500 |
| Portland 7 Bedroom Homes for Rent | $49,500 | $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: 04/12/2026Current apartment rentals in the Portland, ME area range in price from $1,174 to $3,988 with an overall median price of $3,211. The three Portland neighborhoods with the lowest median rent pricing are West End at $1,500, North Deering at $1,174, and Old Port at $1,970. 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 |
|---|---|---|---|
| West End | $2,300 | $1,500 | 13 |
| North Deering | $2,322 | $1,174 | 10 |
| Old Port | $2,674 | $1,970 | 19 |
| Rock Row | $2,793 | $1,174 | 46 |
| East End | $2,836 | $1,625 | 4 |
| Stroudwater | $2,875 | $1,195 | 47 |
| Valley Street | $2,875 | $1,600 | 6 |
| Nasons Corner | $3,000 | $1,174 | 7 |
| Back Cove | $3,255 | $1,174 | 72 |
| Downtown | $3,255 | $1,500 | 65 |
Cheapest Available Portland Apartments for Rent and Nearby
The cheapest available apartment rental in Portland, ME is a Studio unit found at 645 Congress Apartments in the Downtown Portland neighborhood priced from $1,500. 117 Lofts in the Downtown Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,610. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 645 Congress Apartments | Studio | Studio,1BA | $1,500 |
| 117 Lofts | Studio | Studio,1BA | $1,610 |
| Terrace Pond | 2 Bed 1 Bath | 2BR,1BA | $1,650 |
Best Value Apartments for Rent in Portland, ME and Nearby
As of April 12, 2026 the best value apartment in the Portland area is the $1.87 price per square foot 2 bedroom Model at 49 Berkshire Rd in the in the North Deering neighborhood starting from $3,700. The second greatest value Portland apartment is the 26 North St Model at 26 North St, Unit 2 starting at $3,295 with a $2.27 price per square foot in the Downtown Portland 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. |
|---|---|---|---|
| 49 Berkshire Rd | 2 bedroom | 2BR,1.5BA | $1.87 |
| 26 North St, Unit 2 | 26 North St | 2BR,1BA | $2.27 |
| Birchlane | 12 White Birth Ln #24 | 3BR,2BA | $2.50 |
| 37 Tate St, Unit 1 | 37 Tate St | 2BR,1BA | $2.30 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| Princeton Pines | Dog Friendly 2 Bedroom Townhouse | 2BR,1BA | $2.53 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $2.09 |
| 282 Brackett Street, Unit 2 | 282 Brackett Street | 1BR,1BA | $2.00 |
| Terrace Pond | 2 Bed 1 Bath | 2BR,1BA | $2.10 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read Article
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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
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Frequently Asked Questions about Portland
What type of rentals are currently available in Portland?
There are currently 671 Apartments for Rent in Portland, ME with pricing that ranges from $1,174 to $3,988. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $985 to $49,500.
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 $985 to $49,500 with an average monthly rent of $11,779.
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 $3,988, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $8,000. Four Bedroom Single-Family rentals are also available starting from $4,200 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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.