Cheap Apartments for Rent near Portland, NY from $549 (49 Rentals)

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

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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5040 W Lake Rd, Unit 10
$850
Total Monthly Price

Total Monthly Price

Base Rent
$850
Total Monthly Price
$850
1 Bedroom Apartment Available Now

5040 W Lake Rd, Unit 10

5040 W Lake RdDunkirk, NY 14048
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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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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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Arneman Place
2 to 4 Bedroom Apartments

Arneman Place

4690 Iroquois AveErie, PA 16511
  • Utilities Included
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3535 State St
1 Bedroom Apartments

3535 State St

3535 State StErie, PA 16508
  • Utilities Included
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Plymouth Apartments
1 to 3 Bedroom Apartments

Plymouth Apartments

604-608 Chestnut StErie, PA 16502
  • 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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Lighthouse Apartments
1 to 2 Bedroom Apartments

Lighthouse Apartments

1206 E Lake RdErie, PA 16507
  • Utilities Included
property at 23 Mindi Ct

$1,050

3 Bedroom, 2 Bath Home for Rent

Available Now

23 Mindi Ct

EriePA16510
property at 13 Rena Dr

$1,050

3 Bedroom, 2 Bath Home for Rent

Available Now

13 Rena Dr

EriePA16510

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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property at 6621 W Ridge Rd

$1,150

3 Bedroom, 2 Bath Home for Rent

Available Now

6621 W Ridge Rd

FairviewPA16415
Showing Results 1-49, 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. University Gate in the Walczak Park neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $665. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park Place Student Housing3x13BR,1BA$549
University Gate4 Bed Upgraded4BR,2BA$665
Willow Commons Apartments1 Bedroom1BR,1BA$737
Park Row Apartments1 Bedroom, 1 Bathroom1BR,1BA$750
Wellman BuildingStudio, 1 bathStudio,1BA$750
The Bowie Apartments0BR/1.0BAStudio,1BA$800
Ellicott Oaks Apartments2 Beds, 1 bath2BR,1BA$850
Landmark Square Apartments2BR.1BA.624SF2BR,1BA$875
716 Sassafras Apartments1 Bed, 1 bath1BR,1BA$890

Best Value Apartments for Rent in Portland, NY and Nearby

As of August 24, 2026 the best value apartment in the Portland area is the $1.09 price per square foot 2 Bedroom Model at Brookwood Village in the in the Walczak Park neighborhood starting from $1,360. The second greatest value Portland apartment is the 4 Bed Upgraded Model at University Gate starting at $665 with a $0.58 price per square foot in the Walczak Park 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 Village2 Bedroom2BR,1.5BA$1.09
University Gate4 Bed Upgraded4BR,2BA$0.58
Vineyard Village Townhome Style Apartments1 Story Ranch Style Townhouse2BR,2BA$1.33
Arneman Place2 Bedroom2BR,1BA$0.98
Northview Heights ApartmentsTwo Bedroom2BR,1BA$1.14
Ellicott Oaks Apartments2 Beds, 1 bath2BR,1BA$0.91
Willow Commons Apartments1 Bedroom1BR,1BA$0.82
Lovell Place1B1B1BR,1BA$1.33
Wellman BuildingStudio, 1 bathStudio ,1BA$1.00
Park Row Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.15

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

Explore Portland, NY Rentals by Map

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See the most popular apartments and homes in Portland, NY

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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 Wellman Building listed at $750.

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

The lowest price for a Cheap One Bedroom Portland Apartment is $737 at Willow Commons Apartments.

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 $850 at Ellicott Oaks Apartments.

What is the most affordable Portland Three Bedroom Apartment?

The best deal on a cheap Portland Three Bedroom Apartment rental is at Park Place Student Housing and starts from $549.

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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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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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.