117 Pierce St
LewistonME04240
Cheap Homes for Rent near Portland, ME from $1,300 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Portland.
34 Washington Ave
Old Orchard BeachME04064
close
View Me
$1,4611 Bedroom Apartments Available Now
300 E Bridge St, Unit 123
300 E Bridge StWestbrook, ME 04092
close
View Me
$1,4851 Bedroom Apartments Available Jul 15
160 Stroudwater St, Unit 205
160 Stroudwater StWestbrook, ME 04092
48 Knox St
LewistonME04240
74 Brickyard Cove Rd
HarpswellME04079
104 Knox St
LewistonME04240
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.
79 Birch St
LewistonME04240
10 Friend St
KennebunkME04043
40 Claman Dr
WindhamME04062
9 High St
LisbonME04252
7 Friend St
KennebunkME04043
58 River St
LewistonME04240
close
View Me
$1,9001 Bedroom Apartments Available Aug 1
758 Main St, Unit 2
758 Main StWestbrook, ME 04092
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 1-14, 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 | $2,742 | $1,375 | $5,300 |
| Portland 3 Bedroom Homes for Rent | $3,471 | $1,600 | $9,500 |
| Portland 4 Bedroom Homes for Rent | $6,650 | $1,700 | $10,000+ |
| Portland 5 Bedroom Homes for Rent | $4,650 | $4,650 | $4,650 |
Browse Top Homes for Rent in Portland
Explore Portland
Portland, ME Local Guide
- Portland Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Portland, ME
Pricing Updated: 07/12/2026Current apartment rentals in the Portland, ME area range in price from $1,174 to $4,500 with an overall median price of $2,703. The three Portland neighborhoods with the lowest median rent pricing are East End at $1,625, Parkside at $1,556, and Waterfront at $1,575. 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 |
|---|---|---|---|
| East End | $2,012 | $1,625 | 1 |
| Parkside | $2,349 | $1,556 | 18 |
| Waterfront | $2,437 | $1,575 | 18 |
| Rock Row | $2,495 | $1,174 | 29 |
| Rosemont | $2,501 | $1,174 | 36 |
| West End | $2,506 | $1,556 | 2 |
| Downtown Portland | $2,525 | $1,326 | 37 |
| Stroudwater | $2,607 | $1,195 | 34 |
| City Center | $2,623 | $1,556 | 30 |
| Libbytown | $2,682 | $1,195 | 53 |
Cheapest Available Portland Apartments for Rent and Nearby
The cheapest available apartment rental in Portland, ME is a 2 Beds unit found at Forest Glen Apartments in the North Deering neighborhood priced from $1,775. JM Real Estate Portland Rentals in the Downtown Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,875. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $1,775 |
| JM Real Estate Portland Rentals | 50 Monument Unit 306 | Studio,1BA | $1,875 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1,895 |
| The Linden | One Bedroom | 1BR,1BA | $1,900 |
| Redbank Village | The Kennebunk | 1BR,1BA | $1,945 |
Best Value Apartments for Rent in Portland, ME and Nearby
As of July 12, 2026 the best value apartment in the Portland area is the $2.60 price per square foot 286 Front St Model at 286 Front St, Unit 3 in the in the South Portland neighborhood starting from $3,900. The second greatest value Portland apartment is the 12 White Birth Ln #24 Model at Birchlane starting at $3,000 with a $2.50 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. |
|---|---|---|---|
| 286 Front St, Unit 3 | 286 Front St | 3BR,2BA | $2.60 |
| Birchlane | 12 White Birth Ln #24 | 3BR,2BA | $2.50 |
| 523-529 Washington Ave. | 523-529 Washington Ave. - 523-1 | 3BR,1BA | $2.48 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| Island View | 2 Bedroom Island View | 2BR,1BA | $2.63 |
| Autumn Woods Apartments | 2 Bedroom Autumn Woods | 2BR,1BA | $2.63 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $2.09 |
| Summit Terrace at Woodland | 2 Bed | 2BR,1BA | $2.63 |
| 473 Cumberland Ave, Unit 1 | 473 Cumberland Ave | 1BR,1BA | $2.58 |
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 Article
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.
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.
Let everyone know!
Do you know the Portland area?
If you’re an expert on all things Portland, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Portland, ME
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Portland, ME Rentals by Map
See the most popular apartments and homes in Portland, ME
Frequently Asked Questions about Portland
What type of rentals are currently available in Portland?
There are currently 683 Apartments for Rent in Portland, ME with pricing that ranges from $1,174 to $4,500. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $1,375 to $24,775.
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 $1,375 to $24,775 with an average monthly rent of $3,492.
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 $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $9,500. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $3,200.
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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.