Cheap Apartments for Rent in Portland, TN from $500 (46 Rentals)

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Sumner Pointe
2 to 3 Bedroom Apartments

Sumner Pointe

1048 Magnolia Springs RdPortland, TN 37148

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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Wellington Farms
Rent Specials
$1,159 - $1,729
Total Monthly Price

Total Monthly Price

Base Rent
$1,159 - $1,729
Total Monthly Price
$1,159 - $1,729
1 to 3 Bedroom Apartments Available Now

Wellington Farms

273 Big Station Camp BlvdGallatin, TN 37066
Affordability
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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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Sage North
Rent Specials
$1,364 - $1,974
Total Monthly Price

Total Monthly Price

Base Rent
$1,364 - $1,974
Total Monthly Price
$1,364 - $1,974
1 to 2 Bedroom Apartments Available Now

Sage North

344 Madeline WayWhite House, TN 37188
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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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101 Building
1 to 2 Bedroom Apartments

101 Building

101 S Main StFranklin, KY 42134
Corporate Housing

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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Showing Results 1-46, Page 1 of 1

Portland, TN Local Guide

Cheapest Available Portland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Portland, TN is a 1 Bed unit found at Legacy Place Apartments priced from $850. Executive House Apartments in the Lenox Place neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Legacy Place Apartments1x11BR,1BA$850
Executive House Apartments1 Bedroom1BR,1BA$995
Autumn Wood Apartments2x12BR,1BA$1,050
Stratford ApartmentsOne Bedroom One bathroom1BR,1BA$1,075
Littlestone ApartmentsThe Stratford2BR,2BA$1,083
Grove Park South2 Beds, 2 baths2BR,2BA$1,095
Southern Magnolia Apartments2x22BR,2BA$1,100
Wellington Farms1 Bedroom Residential1BR,1BA$1,159
The Pads at W. Madison2 Bedroom 2 Bath LVL 22BR,2BA$1,175
Field Haven ApartmentsFH - 2/2 - PRICE IMPROVEMENT (WSG Addtl) - (PROMO)2BR,2BA$1,199

Best Value Apartments for Rent in Portland, TN and Nearby

As of August 16, 2026 the best value apartment in the Portland area is the $1.17 price per square foot The Preston Model at The Gardens at Preston Park in the in the Cambridge Farms neighborhood starting from $1,945. The second greatest value Portland apartment is the C1 Townhome Upgraded Model at August Oaks starting at $1,515 with a $1.27 price per square foot in the Cambridge Farms 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.
The Gardens at Preston ParkThe Preston3BR,2.5BA$1.17
August OaksC1 Townhome Upgraded3BR,2.5BA$1.27
Blackberry Ridge TownhomesTownhome 2BR2BR,2BA$1.18
Grove Park South2 Beds, 2 baths2BR,2BA$1.04
Autumn Wood Apartments3x1.53BR,1.5BA$1.29
Field Haven ApartmentsFH - 2/2 - 2nd floor (WSG Addtl)2BR,2BA$1.29
Southern Magnolia Apartments2x22BR,2BA$1.20
The Pads at W. Madison2 Bedroom 2 Bath LVL 22BR,2BA$1.28
Legacy Place Apartments2x12BR,1BA$1.11
Wellington Farms1 Bedroom Residential1BR,1BA$1.31

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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Frequently Asked Questions about Cheap Portland Apartments

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

The lowest price for a Cheap One Bedroom Portland Apartment is $850 at Legacy Place 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 $999 at Legacy Place Apartments.

What is the most affordable Portland Three Bedroom Apartment?

The best deal on a cheap Portland Three Bedroom Apartment rental is at Southern Magnolia Apartments and starts from $1,250.

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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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.