
Cheap Homes for Rent in Portland, TN from $750 (9 Rentals)
Search the lowest-cost Homes available for rent right now in Portland.


142.5 N Russell St

103 Ridgecrest Dr

414 N High St
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.

550 A E Bledsoe St

226 Greenleaf Cir

224 Greenleaf Cir

417 N High St
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.

200 Glendale Ave
Portland, TN Local Guide

How much does it cost to rent a home in Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portland 2 Bedroom Homes for Rent | $1,254 | $750 | $1,645 |
| Portland 3 Bedroom Homes for Rent | $1,913 | $1,200 | $2,395 |
| Portland 4 Bedroom Homes for Rent | $2,336 | $1,600 | $3,100 |
Browse Top Homes for Rent in Portland
Explore Portland
Portland, TN Local Guide
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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. Stratford Apartments in the Cambridge Farms neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $930. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Legacy Place Apartments | 1x1 | 1BR,1BA | $850 |
| Stratford Apartments | Studio | Studio,1BA | $930 |
| Executive House Apartments | 1 Bedroom | 1BR,1BA | $995 |
Best Value Apartments for Rent in Portland, TN and Nearby
As of September 01, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Gardens at Preston Park | The Preston | 3BR,2.5BA | $1.17 |
| August Oaks | C1 Townhome Upgraded | 3BR,2.5BA | $1.27 |
| Blackberry Ridge Townhomes | Townhome 2BR | 2BR,2BA | $1.05 |
| Grove Park South | 2 Beds, 2 baths | 2BR,2BA | $1.04 |
| Autumn Wood Apartments | 3x1.5 | 3BR,1.5BA | $1.29 |
| Field Haven Apartments | FH - 2/2 - 2nd floor (WSG Addtl) | 2BR,2BA | $1.29 |
| Southern Magnolia Apartments | 2x2 | 2BR,2BA | $1.20 |
| The Pads at W. Madison | 2 Bedroom 2 Bath LVL 1 Front | 2BR,2BA | $1.32 |
| Legacy Place Apartments | 2x1 | 2BR,1BA | $1.11 |
| Wellington Farms | 1 Bedroom Residential | 1BR,1BA | $1.30 |
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.
Read ArticleReal 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.
Read ArticleQuick 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.
Best Local Schools in Portland, TN
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Portland, TN
Frequently Asked Questions about Portland
What type of rentals are currently available in Portland?
There are currently 55 Apartments for Rent in Portland, TN with pricing that ranges from $590 to $2,935. There are also 51 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $750 to $3,100.
What is the current price range for Rental Homes in Portland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Portland ranges from $750 to $3,100 with an average monthly rent of $1,676.
How much are larger Three and Four Bedroom Rentals in Portland?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Portland range from $700 to $2,935, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,395. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,700.
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

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.

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.

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.

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.