Cheap Apartments for Rent in Portland, NY from $500 (20 Rentals)

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

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.

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.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Portland, NY Local Guide

Cheapest Available Portland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Portland, NY is a 4 Beds unit found at University Gate in the East Suburban Erie neighborhood priced from $620. 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
University Gate4 Bed Upgraded4BR,2BA$620
Wellman Building1 Bed, 1 bath1BR,1BA$700
Lighthouse Apartments1 bedroom1BR,1BA$750
The Meadows1 bedroom1BR,1BA$750
Maple Lane Apartments1 Bed, 1 bath1BR,1BA$800

Best Value Apartments for Rent in Portland, NY and Nearby

As of June 01, 2025 the best value apartment in the Portland area is the $1.08 price per square foot Three Bedroom Townhome - A Model at Granite Ridge Apartments in the starting from $1,400. The second greatest value Portland apartment is the 3 Bedroom Apartment Model at Arneman Place starting at $1,044 with a $0.83 price per square foot in the East Suburban Erie 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.
Granite Ridge ApartmentsThree Bedroom Townhome - A3BR,1.5BA$1.08
Arneman Place3 Bedroom Apartment3BR,1.5BA$0.83
Park Place Collegiate Housing3BR/1BA by bedroom3BR,1BA$0.66
University Gate3 Bed upgraded3BR,2BA$0.62
Campus Edge at Brighamw-2bdtwnCampus Edge at Brigham2BR,2.1BA$1.43
The Meadows2 bedroom2BR,1BA$1.18
Maple Lane Apartments1 Bed, 1 bath1BR,1BA$1.21
Northview Heights ApartmentsOne Bedroom1BR,1BA$1.31
Lighthouse Apartments1 bedroom1BR,1BA$1.15
Wellman Building1 Bed, 1 bath1BR,1BA$1.35

Quick Rent Budget Calculator

How much rent can you afford?

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

Explore Portland, NY Rentals by Map

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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

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 $900.

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 $670 at University Gate.

What is the most affordable Portland Three Bedroom Apartment?

The best deal on a cheap Portland Three Bedroom Apartment rental is at University Gate and starts from $630.

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.

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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.

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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.

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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.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.