Cheap Apartments for Rent in Portland, NY from $500 (22 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Portland.

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.

Read Article

The 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 Article

Cash 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 Article
Showing Results 1-22, Page 1 of 1

Portland, NY Local Guide

Cheapest Available Portland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Portland, NY is a 3 Beds unit found at Park Place Student Housing priced from $549. Wellman Building has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park Place Student Housing3x13BR,1BA$549
Wellman Building1 Bed, 1 bath1BR,1BA$700
Lighthouse Apartments1 bedroom1BR,1BA$750
The Meadows1 bedroom1BR,1BA$750
The Bowie ApartmentsStudioStudio,1BA$800

Best Value Apartments for Rent in Portland, NY and Nearby

As of August 02, 2025 the best value apartment in the Portland area is the $0.88 price per square foot 3 Bedroom Large Model at Brookwood Village in the in the South East Hills neighborhood starting from $1,495. The second greatest value Portland apartment is the 3 Bedroom, 2.5 Bathroom Model at Carriage Hill Erie starting at $1,533 with a $1.09 price per square foot in the Glenwood neighborhood. Here is today’s list of the best values for Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brookwood Village3 Bedroom Large3BR,2BA$0.88
Carriage Hill Erie3 Bedroom, 2.5 Bathroom3BR,2.5BA$1.09
Hudson LoftsThe Nittany4BR,4BA$0.74
Granite Ridge ApartmentsThree Bedroom Townhome - B3BR,1.5BA$1.08
Lovell Place2B2B2BR,2BA$0.74
Arneman Place3 Bedroom Apartment3BR,1.5BA$0.89
Ellicott Oaks Apartments2 Beds, 1 bath2BR,1BA$0.91
The Meadows2 bedroom2BR,1BA$1.18
Maple Lane Apartments1 Bed, 1 bath1BR,1BA$1.21
Lighthouse Apartments1 bedroom1BR,1BA$1.15

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Portland, NY Rentals by Map

Decorative image of map

See the most popular apartments and homes in Portland, NY

View Map
Portland, NY Apartments Map
View Map
Portland, NY Rental Homes Map

Getting Around Portland, NY

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

23 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Portland Apartments

What is the Cheapest Studio apartment in Portland?

Currently the most affordable Cheap Studio Apartment in Portland is at The Bowie Apartments listed at $800.

How much is rent for a Cheap One Bedroom Portland Apartment?

The lowest price for a Cheap One Bedroom Portland Apartment is $700 at Wellman Building.

What is the lowest price for a Cheap Two Bedroom Portland Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Portland is starting from $750 at Wellman Building.

What is the most affordable Portland Three Bedroom Apartment?

The best deal on a cheap Portland Three Bedroom Apartment rental is at Arneman Place and starts from $1,131.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.