Cheap Homes for Rent in Portland, TN from $1,000 (10 Rentals)

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

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.

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.

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 Countryside Apartments priced from $755. Legacy Place Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Countryside Apartments1x11BR,1BA$755
Legacy Place Apartments1x11BR,1BA$850
Autumn Wood Apartments1x11BR,1BA$950

Best Value Apartments for Rent in Portland, TN and Nearby

As of July 17, 2026 the best value apartment in the Portland area is the $1.20 price per square foot The Preston Model at The Gardens at Preston Park in the in the Cambridge Farms neighborhood starting from $1,995. The second greatest value Portland apartment is the C1 Townhome Upgraded Model at August Oaks starting at $1,570 with a $1.31 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$1.20
August OaksC1 Townhome Upgraded3BR,2.5BA$1.31
Blackberry Ridge TownhomesTownhome 2BR2BR,2BA$1.18
Grove Park South2 Beds, 2 baths2BR,2BA$1.04
Field Haven ApartmentsFH - 2/2 - 2nd floor (WSG Addtl)2BR,2BA$1.29
Wellington Farms1 Bedroom Executive1BR,1BA$1.27
Southern Magnolia Apartments2x22BR,2BA$1.20
Legacy Place Apartments2x12BR,1BA$1.11
Autumn Wood Apartments1x11BR,1BA$1.27
Countryside Apartments1x11BR,1BA$1.26

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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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.

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

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Frequently Asked Questions about Portland

What type of rentals are currently available in Portland?

There are currently 54 Apartments for Rent in Portland, TN with pricing that ranges from $590 to $2,764. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $1,099 to $2,740.

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 $1,099 to $2,740 with an average monthly rent of $1,670.

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 $2,564, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,650. 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

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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.

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.