Cheap Apartments for Rent in the Old Port Neighborhood of Portland, ME from $1,400 (39 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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Mason Block
2 to 3 Bedroom Apartments

Mason Block

62 India StPortland, ME 04101
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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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10 Exchange St
1 to 2 Bedroom Apartments

10 Exchange St

10 Exchange StPortland, ME 04101
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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

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.

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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
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341-345 Fore St
Studio Apartments

341-345 Fore St

341-345 Fore StPortland, ME 04101
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40 Free St
1 to 2 Bedroom Apartments

40 Free St

40 Free StPortland, ME 04101
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75 Federal St
1 to 2 Bedroom Apartments

75 Federal St

75 Federal StPortland, ME 04101
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97 Newbury St
2 Bedroom Apartments

97 Newbury St

97 Newbury StPortland, ME 04101
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98-100 India St
1 to 2 Bedroom Apartments

98-100 India St

98-100 India StPortland, ME 04101
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52 Myrtle St
Studio Apartments

52 Myrtle St

52 Myrtle StPortland, ME 04101

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.

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158 Pearl St
Studio Apartments

158 Pearl St

158 Pearl StPortland, ME 04101
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53-55 Myrtle St
Studio Apartments

53-55 Myrtle St

53-55 Myrtle StPortland, ME 04101
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80-82 India St
Studio Apartments

80-82 India St

80-82 India StPortland, ME 04101
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62 Hampshire St
Studio Apartments

62 Hampshire St

62 Hampshire StPortland, ME 04101
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44 Myrtle St
Studio Apartments

44 Myrtle St

44 Myrtle StPortland, ME 04101
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54 Chestnut St
Studio Apartments

54 Chestnut St

54 Chestnut StPortland, ME 04101
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The Metropolitan
Studio to 1 Bedroom Apartments

The Metropolitan

439 Congress StPortland, ME 04101
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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
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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

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.

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53 Danforth Street
1 to 2 Bedroom Apartments

53 Danforth Street

53 Danforth StPortland, ME 04101
  • Utilities Included
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Phoenix Flats
Studio to 1 Bedroom Apartments

Phoenix Flats

83 Middle StPortland, ME 04101
Senior Living

Old Port, Portland, ME Local Guide

Cheapest Available Old Port Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
The CascoThe Casco - Back BayStudio,1BA$2,289
46 Market StStudioStudio,1BA$2,627

Best Value Apartments for Rent in Old Port, ME

As of August 02, 2026 the best value apartment in the Old Port area is the $2.50 price per square foot Studio Model at 46 Market St in the in the Downtown Portland neighborhood starting from $2,627. The second greatest value Old Port apartment is the The Casco - Little Diamond Island Model at The Casco starting at $2,316 with a $5.98 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.
46 Market StStudioStudio ,1BA$2.50
The CascoThe Casco - Little Diamond IslandStudio ,1BA$5.98

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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Quick 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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Pet Friendly Lifestyle
Old Port, Portland, ME

Ranked #18

Among cities in Maine for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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 $2,289.

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

The lowest price for a Cheap One Bedroom Old Port Apartment is $2,490 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

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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.

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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.

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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.

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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.