
Cheap Apartments for Rent in the Old Port Neighborhood of Portland, ME from $1,400 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Port area of Portland.


147 Pearl St, Unit 7

Bay House North Building Retail

185 Fore St

21 Chestnut St

Mason Block
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.

312 Congress St

289-291 Cumberland Ave

The Bay House

10 Exchange St

65 India St

113 Newbury St
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.

341-345 Fore St

The Metropolitan

50 Monument Sq

Baxter Place

5 India St

41 Chestnut St
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.

Pearl Place II

Danforth on High

Unity at Bayside

273 Cumberland Ave

Pearl Place Apartments

53 Danforth Street
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.

Phoenix Flats
Old Port, Portland, ME Local Guide

How much does it cost to rent an apartment in Old Port?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Port Studio Apartments | $2,110 | $1,947 | $2,420 |
| Old Port 1 Bedroom Apartments | $2,626 | $1,700 | $3,595 |
| Old Port 2 Bedroom Apartments | $1,995 | $1,995 | $1,995 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Old Port Neighborhood of Portland, ME.
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Old Port, Portland, ME Local Guide
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Cheapest Available Old Port Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Casco | The Casco - Bailey Island | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 482 Congress St, Unit 305 | 482 Congress St | 1BR,1.5BA | $2.59 |
| 147 Pearl St, Unit 7 | 147 Pearl St | 1BR,1BA | $2.83 |
| The Casco | The Casco - Deer Isle | Studio ,1BA | $6.02 |
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.
Pet Friendly LifestyleOld Port, Portland, ME
Ranked #22
Among cities in Maine for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Cheap Old Port Apartments
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

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.

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.

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.