174 E Grand Ave, Unit 2
174 E Grand Ave
Old Orchard BeachME04064
Cheap Homes for Rent in Portland, ME from $1,195 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Portland.
34 Washington Ave
Old Orchard BeachME04064
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$1,4611 Bedroom Apartments Available Now
300 E Bridge St, Unit 123
300 E Bridge StWestbrook, ME 04092
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$1,4851 Bedroom Apartments Available Now
160 Stroudwater St, Unit 205
160 Stroudwater StWestbrook, ME 04092
34 Ocean Park Rd
SacoME04072
280 State St, Unit 2
280 State St
PortlandME04101
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
154 Washington Ave
PortlandME04101
58 River St
LewistonME04240
175 Pine St, Unit 2-H
175 Pine St
PortlandME04102
439 Main St
SacoME04072
108 W Grand Ave, Unit 3
108 W Grand Ave
Old Orchard BeachME04064
105 E Grand Ave
Old Orchard BeachME04064
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
15 Middle St
PortlandME04101
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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 | $2,894 | $1,600 | $6,000 |
| Portland 3 Bedroom Homes for Rent | $3,525 | $2,400 | $6,500 |
| Portland 4 Bedroom Homes for Rent | $3,566 | $1,700 | $4,200 |
| Portland 7 Bedroom Homes for Rent | $60,000 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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Portland, ME Local Guide
- Portland Neighborhoods
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Cheapest Neighborhoods for Apartments in Portland, ME
Pricing Updated: 08/27/2026Current apartment rentals in the Portland, ME area range in price from $1,174 to $4,730 with an overall median price of $2,300. The three Portland neighborhoods with the lowest median rent pricing are Nasons Corner at $1,842, North Deering at $1,937, and East End at $1,993. 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 |
|---|---|---|---|
| Nasons Corner | $1,842 | $1,174 | 9 |
| North Deering | $1,937 | $1,174 | 10 |
| East End | $1,993 | $1,625 | 3 |
| Rosemont | $2,125 | $1,174 | 45 |
| Parkside | $2,274 | $1,500 | 21 |
| Oakdale | $2,281 | $1,174 | 61 |
| Waterfront | $2,290 | $1,470 | 25 |
| East Deering | $2,295 | $1,174 | 34 |
| Back Cove | $2,300 | $1,174 | 49 |
| East Bayside India Street | $2,300 | $1,625 | 25 |
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. Redbank Village in the South Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,735. 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 |
| Redbank Village | The Kennebunk | 1BR,1BA | $1,735 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1,895 |
| The Casco | The Casco - Little Diamond Island | Studio,1BA | $1,951 |
| The Linden | One Bedroom | 1BR,1BA | $1,975 |
Best Value Apartments for Rent in Portland, ME
As of August 27, 2026 the best value apartment in the Portland area is the $2.32 price per square foot Market Rate 3 Bedroom Townhome Model at Island View in the in the North Deering neighborhood starting from $4,500. 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. |
|---|---|---|---|
| Island View | Market Rate 3 Bedroom Townhome | 3BR,2BA | $2.32 |
| Birchlane | 12 White Birth Ln #24 | 3BR,2BA | $2.50 |
| 15 Gay St, Unit 1st Floor | 15 Gay St | 3BR,1BA | $2.38 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| Waterside Apartments | 2 Bedroom 1 Bath Waterside | 2BR,1BA | $2.53 |
| Autumn Woods Apartments | 2 Bedroom Autumn Woods | 2BR,1BA | $2.53 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2.31 |
| Liberty Commons | THE KENNEDY | 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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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 690 Apartments for Rent in Portland, ME with pricing that ranges from $1,174 to $4,730. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $1,195 to $60,000.
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 $1,195 to $60,000 with an average monthly rent of $5,402.
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 $2,400 to $6,500. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $3,000.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
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.