Cheap Apartments for Rent in Portsmouth, IA from $500 (14 Rentals)

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

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.

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. Regency Villa of Atlantic has the second lowest priced unit, which is a 1 Bed apartment currently listed from $775. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Dana VillageS3Studio,1BA$536
Regency Villa of Atlantic1 Bedroom1BR,1BA$775
Maple SecondOne Bed/One Bath | 1-11BR,1BA$800
Larimore Senior ResidencesOne Bed/One Bat 50% Hh1BR,1BA$823
3633 Avenue A2 Bed 1 Bath2BR,1BA$850

Best Value Apartments for Rent in Portsmouth, IA and Nearby

As of May 24, 2025 the best value apartment in the Portsmouth area is the $1.18 price per square foot 1 Bed 1 Bath Model at Cornerstone Apartments in the in the Old Market neighborhood starting from $1,475. The second greatest value Portsmouth apartment is the 2BR/1.0BA Model at The Archive starting at $1,475 with a $1.21 price per square foot in the Twin City 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.
Cornerstone Apartments1 Bed 1 Bath1BR,1BA$1.18
The Archive2BR/1.0BA2BR,1BA$1.21
Residences at Sorensen Square3 Bedroom3BR,2BA$1.08
Highclere Apartments2 Beds 2 Baths2BR,2BA$1.18
The BrandeisAC.2B.G2BR,1BA$1.28
The BluffsTwo Bedroom 2nd Floor2BR,1BA$1.05
DeerfieldTwo Bedroom 22A2BR,1.75BA$1.25
Larimore Senior ResidencesOne Bed/One Bath - 50%1BR,1BA$1.28
Dana VillageS1BStudio ,1BA$0.79
Regency Villa of Atlantic1 Bedroom1BR,1BA$1.29

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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Pet Friendly Lifestyle
Portsmouth, IA

Ranked #188

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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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

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 $850 at 3633 Avenue A.

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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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.