
Cheap Apartments for Rent in Portsmouth, IA from $500 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Portsmouth.


Westwood Apartments

Larimore Senior Residences

Residences at Sorensen Square
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.

Maple Second

Riverbend - Newly Renovated! Call today!

3633 Avenue A
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.

NoDo

Featherstone Apartments
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.

625 5th Ave
Portsmouth, IA Local Guide

How much does it cost to rent an apartment in Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portsmouth Studio Apartments | $950 | $536 | $1,250 |
| Portsmouth 1 Bedroom Apartments | $1,070 | $561 | $1,650 |
| Portsmouth 2 Bedroom Apartments | $1,338 | $663 | $2,210 |
| Portsmouth 3 Bedroom Apartments | $1,608 | $1,050 | $2,450 |
| Portsmouth 4 Bedroom Apartments | $853 | $639 | $1,646 |
Browse Top Apartments in Portsmouth
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Portsmouth, IA Local Guide
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Cheapest Available Portsmouth Apartments for Rent and Nearby
 The cheapest available apartment rental in Portsmouth, IA is a 1 Bed unit found at Larimore Senior Residences in the Omaha View neighborhood priced from $760. Woodland Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $781. Here is today’s list of the most affordable Portsmouth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Larimore Senior Residences | One Bed/One Bat 60% | 1BR,1BA | $760 |
| Woodland Apartments | One Bedroom/One Bath | 1BR,1BA | $781 |
| Westwood Apartments | 2 BD | 2BR,1BA | $785 |
| Regency Villa of Atlantic | 1 Bedroom | 1BR,1BA | $799 |
| Maple Second | One Bed/One Bath | 1-1 | 1BR,1BA | $800 |
Best Value Apartments for Rent in Portsmouth, IA and Nearby
As of January 02, 2026 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 2BR/1.0BA Model at The Archive starting at $1,425 with a $1.17 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Brandeis | AC.2B.2B.B/P | 2BR,2BA | $1.18 |
| The Archive | 2BR/1.0BA | 2BR,1BA | $1.17 |
| Residences at Sorensen Square | 3 Bedroom | 3BR,2BA | $1.08 |
| Westwood Apartments | 2 BD | 2BR,1BA | $0.75 |
| The Bluffs | Townhome | 2BR,1.5BA | $1.12 |
| Cottonwood Apartments | 2X1B | 2BR,1BA | $1.05 |
| Deerfield | Two Bedroom 22A | 2BR,1.75BA | $1.26 |
| Riverbend - Newly Renovated! Call today! | Two Bedroom / 1 Bath | 2BR,1BA | $1.10 |
| SUNDANCE ATLANTIC APARTMENTS | 2 Bedroom 2 Bathroom | 2BR,2BA | $0.98 |
| Larimore Senior Residences | One Bed/One Bat 60% | 1BR,1BA | $1.13 |
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 ArticleThe 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.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Portsmouth, IA Rentals by Map
See the most popular apartments and homes in Portsmouth, IA
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 TreeHouse listed at $1,050.
How much is rent for a Cheap One Bedroom Portsmouth Apartment?
The lowest price for a Cheap One Bedroom Portsmouth Apartment is $760 at Larimore Senior Residences.
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 $785 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
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!





