Cheap Apartments for Rent in Portsmouth, IA from $500 (30 Rentals)

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

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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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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22 Floors
Studio to 1 Bedroom Apartments

22 Floors

1314 Mike Fahey StOmaha, NE 68102

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Showing Results 1-30, Page 1 of 1

Portsmouth, IA Local Guide

Cheapest Available Portsmouth Apartments for Rent and Nearby

 

The cheapest available apartment rental in Portsmouth, IA is a Studio unit found at Dana Village priced from $536. Westwood Apartments in the Old Market neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $700. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Dana VillageS3Studio,1BA$536
Westwood Apartments2 BD2BR,1BA$700
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$760
Regency Villa of Atlantic1 Bedroom1BR,1BA$775
Woodland ApartmentsOne Bedroom/One Bath1BR,1BA$781
Maple SecondOne Bed/One Bath | 1-11BR,1BA$800
SUNDANCE ATLANTIC APARTMENTS2 Bedroom 2 Bathroom2BR,2BA$815
Cottonwood Apartments1X1B1BR,1BA$830
22 FloorsFlash1BR,1BA$895
3633 Avenue A2 Bed 1 Bath2BR,1BA$900

Best Value Apartments for Rent in Portsmouth, IA and Nearby

As of September 19, 2025 the best value apartment in the Portsmouth area is the $1.18 price per square foot AC.2B.2B.B/P Model at The Brandeis in the in the Old Market neighborhood starting from $1,650. The second greatest value Portsmouth apartment is the 2x2 B Model at Nichol Flats starting at $1,399 with a $1.07 price per square foot in the Old Market neighborhood. Here is today’s list of the best values for Portsmouth apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The BrandeisAC.2B.2B.B/P2BR,2BA$1.18
Nichol Flats2x2 B2BR,2BA$1.07
The Archive2BR/1.0BA2BR,1BA$1.23
Residences at Sorensen Square3 Bedroom3BR,2BA$1.08
Highclere Apartments2 Beds 2 Baths2BR,2BA$1.24
Westwood Apartments2 BD2BR,1BA$0.67
The BluffsTownhome2BR,1.5BA$1.12
SUNDANCE ATLANTIC APARTMENTS2 Bedroom 2 Bathroom2BR,2BA$0.98
Dana VillageS1BStudio ,1BA$0.79
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$1.13

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Pet Friendly Lifestyle
Portsmouth, IA

Ranked #217

Among cities in Iowa for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Portsmouth, IA Rentals by Map

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See the most popular apartments and homes in Portsmouth, IA

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Getting Around Portsmouth, IA

Walk Score®

3 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

13 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Portsmouth Apartments

What is the Cheapest Studio apartment in Portsmouth?

Currently the most affordable Cheap Studio Apartment in Portsmouth is at Dana Village listed at $536.

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

The lowest price for a Cheap One Bedroom Portsmouth Apartment is $561 at Dana Village.

What is the lowest price for a Cheap Two Bedroom Portsmouth Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Portsmouth is starting from $700 at Westwood Apartments.

What is the most affordable Portsmouth Three Bedroom Apartment?

The best deal on a cheap Portsmouth Three Bedroom Apartment rental is at 3633 Avenue A and starts from $1,050.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.