Cheap Apartments for Rent in Portsmouth, IA from $500 (48 Rentals)

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

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Cottonwood Apartments
$825 - $1,125
Total Monthly Price

Total Monthly Price

Base Rent
$805 - $1,105
Required Monthly Fees
$20
Total Monthly Price
$825 - $1,125
1 to 2 Bedroom Apartments Available Now

Cottonwood Apartments

806 N 34th StCouncil Bluffs, IA 51501
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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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The Brandeis
$1,004 - $2,504
Total Monthly Price

Total Monthly Price

Base Rent
$950 - $2,450
Required Monthly Fees
Varies
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Brandeis

210 S 16th StOmaha, NE 68102
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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TreeHouse
Rent Specials
$1,050 - $2,100
Total Monthly Price

Total Monthly Price

Base Rent
$840 - $1,890
Required Monthly Fees
$210
Total Monthly Price
$1,050 - $2,100
Studio to 2 Bedroom Apartments Available Now

TreeHouse

34th & West BroadwayCouncil Bluffs, IA 51501
Pet Friendly
  • Verified
  • 3D Tour
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The Archive
$1,100 - $1,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,080 - $1,355
Required Monthly Fees
$20
Total Monthly Price
$1,100 - $1,375
Studio to 1 Bedroom Apartments Available Now

The Archive

8 S 6th StCouncil Bluffs, IA 51501
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Valley View Estates
Rent Specials
$1,270 - $1,850
Total Monthly Price

Total Monthly Price

Base Rent
$1,270 - $1,850
Total Monthly Price
$1,270 - $1,850
1 to 3 Bedroom Apartments Available Now

Valley View Estates

720 Valley View DrCouncil Bluffs, IA 51503
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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22 Floors
Studio to 1 Bedroom Apartments

22 Floors

1314 Mike Fahey StOmaha, NE 68102

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Lakeside Estates
Studio to 4 Bedroom Apartments

Lakeside Estates

3510 N 9th StCarter Lake, IA 51510
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Bloc 12
1 to 3 Bedroom Apartments

Bloc 12

424 S 12th StOmaha, NE 68102
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Portsmouth, IA Local Guide

Cheapest Available Portsmouth Apartments for Rent and Nearby

 

The cheapest available apartment rental in Portsmouth, IA is a 1 Bed unit found at Residences at Sorensen Square in the North Omaha neighborhood priced from $750. Larimore Senior Residences in the Omaha View neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $760. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Residences at Sorensen Square1BR/1.0BA1BR,1BA$750
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$760
Woodland ApartmentsOne Bedroom/One Bath1BR,1BA$781
Regency Villa of Atlantic1 Bedroom1BR,1BA$799
Riverbend - Newly Renovated! Call today!1 Bedroom1BR,1BA$830
Maple SecondOne Bed/One Bath | 1-11BR,1BA$875
9inesFlyball1BR,1BA$895
NoDoBillyStudio,1BA$900
3633 Avenue A2 Bed 1 Bath2BR,1BA$900
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$900

Best Value Apartments for Rent in Portsmouth, IA and Nearby

As of April 06, 2026 the best value apartment in the Portsmouth area is the $1.32 price per square foot AC.2B.2B.B/P Model at The Brandeis in the in the Old Market neighborhood starting from $1,704. The second greatest value Portsmouth apartment is the 2X1B Model at Cottonwood Apartments starting at $1,015 with a $1.06 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$1.32
Cottonwood Apartments2X1B2BR,1BA$1.06
Deerfield Apartments Council BluffsBirch2BR,2BA$1.31
Nichol Flats1x1 B1BR,1BA$1.24
Sherwood Forest Estates1 Bedroom 1 Bath Small1BR,1BA$1.30
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$1.33
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$1.13
Riverbend - Newly Renovated! Call today!1 Bedroom1BR,1BA$1.28
Regency Villa of Atlantic1 Bedroom1BR,1BA$1.33
Residences at Sorensen Square1BR/1.0BA1BR,1BA$1.30

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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Cash 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.

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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!

Explore Portsmouth, IA Rentals by Map

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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 NoDo listed at $900.

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

The lowest price for a Cheap One Bedroom Portsmouth Apartment is $750 at Residences at Sorensen Square.

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 $900 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

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.