Cheap Apartments for Rent in the Old Port Neighborhood of Portland, ME from $1,400 (25 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Port area of Portland.

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185 Fore St
2 to 3 Bedroom Apartments

185 Fore St

185 Fore StPortland, ME 04101
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21 Chestnut St
Studio Apartments

21 Chestnut St

21 Chestnut StPortland, ME 04101
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Mason Block
2 to 3 Bedroom Apartments

Mason Block

62 India StPortland, ME 04101

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.

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312 Congress St
1 Bedroom Apartments

312 Congress St

312 Congress StPortland, ME 04101
  • Utilities Included
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The Bay House
1 to 3 Bedroom Apartments

The Bay House

15 Middle StPortland, ME 04101
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10 Exchange St
1 to 2 Bedroom Apartments

10 Exchange St

10 Exchange StPortland, ME 04101
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65 India St
Studio Apartments

65 India St

65 India StPortland, ME 04101
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113 Newbury St
1 to 3 Bedroom Apartments

113 Newbury St

113 Newbury StPortland, ME 04101

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.

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341-345 Fore St
Studio Apartments

341-345 Fore St

341-345 Fore StPortland, ME 04101
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The Metropolitan
Studio to 1 Bedroom Apartments

The Metropolitan

439 Congress StPortland, ME 04101
  • Utilities Included
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50 Monument Sq
1 Bedroom Apartments

50 Monument Sq

50 Monument SqPortland, ME 04101
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Baxter Place
1 to 2 Bedroom Apartments

Baxter Place

305 Commercial StPortland, ME 04101
  • Utilities Included
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5 India St
1 Bedroom Apartments

5 India St

5 India StPortland, ME 04101
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41 Chestnut St
3 Bedroom Apartments

41 Chestnut St

41 Chestnut StPortland, ME 04101

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Pearl Place II
1 to 3 Bedroom Apartments

Pearl Place II

184 Pearl StPortland, ME 04101
  • Utilities Included
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Danforth on High
Studio to 1 Bedroom Apartments

Danforth on High

81 Danforth StPortland, ME 04101
Senior Living
  • Utilities Included
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53 Danforth Street
1 to 2 Bedroom Apartments

53 Danforth Street

53 Danforth StPortland, ME 04101
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Phoenix Flats
Studio to 1 Bedroom Apartments

Phoenix Flats

83 Middle StPortland, ME 04101
Senior Living

Cheapest Available Old Port Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
The CascoThe Casco - Bailey IslandStudio,1BA$1,960

Best Value Apartments for Rent in Old Port, ME

As of January 23, 2026 the best value apartment in the Old Port area is the $2.59 price per square foot 482 Congress St Model at 482 Congress St, Unit 305 in the in the Downtown Portland neighborhood starting from $3,595. The second greatest value Old Port apartment is the 147 Pearl St Model at 147 Pearl St, Unit 7 starting at $1,700 with a $2.83 price per square foot in the Downtown Portland neighborhood. Here is today’s list of the best values for Old Port apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
482 Congress St, Unit 305482 Congress St1BR,1.5BA$2.59
147 Pearl St, Unit 7147 Pearl St1BR,1BA$2.83
The CascoThe Casco - Deer IsleStudio ,1BA$6.02

Frequently Asked Questions about Cheap Old Port Apartments

What is the Cheapest Studio apartment in Old Port?

Currently the most affordable Cheap Studio Apartment in Old Port is at The Casco listed at $1,960.

How much is rent for a Cheap One Bedroom Old Port Apartment?

The lowest price for a Cheap One Bedroom Old Port Apartment is $2,272 at The Casco.

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

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.