
Cheap Apartments for Rent in the Old Port Neighborhood of Portland, ME from $1,100 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Port area of Portland.


Rumery Lofts

Princeton on Back Cove
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.

Island View Apartments

Back Bay Tower
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.
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 | $1,957 | $1,174 | $2,500 |
Old Port 1 Bedroom Apartments | $2,257 | $1,398 | $3,280 |
Old Port 2 Bedroom Apartments | $2,652 | $1,727 | $5,580 |
Old Port 3 Bedroom Apartments | $3,213 | $2,175 | $4,400 |
Browse Apartments in this Neighborhood
There are currently 7 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
- Nearby Portland neighborhoods
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Cheapest Available Old Port Apartments for Rent
 The cheapest available apartment rental in the Old Port area of Portland, ME is a Studio unit found at The Casco priced from $1,951. The Armature has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,250. Here are the most affordable Old Port apartments for rent in Portland, ME:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Casco | The Casco - Deer Isle | Studio,1BA | $1,951 |
The Armature | JR 1BR Floor Plan C | 1BR,1BA | $2,250 |
The Linden | Two Bedroom | 2BR,1BA | $2,577 |
Best Value Apartments for Rent in Old Port, ME
As of June 16, 2025 the best value apartment in the Old Port area is the $4.37 price per square foot JR 1BR Floor Plan C Model at The Armature in the in the Downtown Portland neighborhood starting from $2,250. The second greatest value Old Port apartment is the The Casco - Back Cove Model at The Casco starting at $2,200 with a $5.53 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. |
---|---|---|---|
The Armature | JR 1BR Floor Plan C | 1BR,1BA | $4.37 |
The Casco | The Casco - Back Cove | Studio ,1BA | $5.53 |
Quick Rent Budget Calculator
How much rent can you afford?
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Pet Friendly LifestyleOld Port, Portland, ME
Ranked #9
Among neighborhoods in Portland, ME for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Getting Around the Old Port Neighborhood in Portland, ME
Walk Score®
99 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
80 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
53 / 100
Good Transit
Many nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,951.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.