Cheap Apartments for Rent in Portsmouth, IA from $500 (52 Rentals)

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

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.

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

Total Monthly Price

Base Rent
$1,004 - $2,504
Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

The Brandeis

210 S 16th StOmaha, NE 68102
Corporate Housing
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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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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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TreeHouse
Rent Specials
$1,260 - $2,310
Total Monthly Price

Total Monthly Price

Base Rent
$1,260 - $2,310
Total Monthly Price
$1,260 - $2,310
Studio to 2 Bedroom Apartments Available Now

TreeHouse

34th & West BroadwayCouncil Bluffs, IA 51501
Pet Friendly
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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
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22 Floors
Studio to 1 Bedroom Apartments

22 Floors

1314 Mike Fahey StOmaha, NE 68102

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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3633 Avenue A
2 to 3 Bedroom Apartments

3633 Avenue A

3633 Avenue ACouncil Bluffs, IA 51501
  • Utilities Included
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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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The Greenhouse
1 to 3 Bedroom Apartments

The Greenhouse

900 Farnam StOmaha, NE 68102
Corporate Housing

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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Showing Results 1-50, Page 1 of 2

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 1209 Maple St priced from $550. Residences at Sorensen Square in the North Omaha neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
1209 Maple St1 BED / 1 BATH1BR,1BA$550
Residences at Sorensen Square1BR/1.0BA1BR,1BA$750
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$760
Regency Villa of Atlantic1 Bedroom1BR,1BA$775
Woodland ApartmentsOne Bedroom/One Bath1BR,1BA$781
Westwood Apartments2 BD2BR,1BA$785
Maple SecondOne Bed/One Bath | 1-11BR,1BA$875
NoDoBillyStudio,1BA$900
Featherstone ApartmentsOne Bedroom | One Bath1BR,1BA$900
Sherwood Forest Estates1 Bedroom 1 Bath Small1BR,1BA$910

Best Value Apartments for Rent in Portsmouth, IA and Nearby

As of May 22, 2026 the best value apartment in the Portsmouth area is the $1.14 price per square foot 3X2 Garden Model at Hidden Bluffs Apartments in the starting from $1,395. The second greatest value Portsmouth apartment is the 1BR/1.0BA Model at The Archive starting at $1,050 with a $0.99 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.
Hidden Bluffs Apartments3X2 Garden3BR,2BA$1.14
The Archive1BR/1.0BA1BR,1BA$0.99
Westwood Apartments2 BD2BR,1BA$0.75
CopperCreek2 Bed, 1 Bath - 1032 SF2BR,1BA$1.25
Cottonwood Apartments2X1B2BR,1BA$1.13
The BluffsTwo Bedroom 2nd Floor2BR,1BA$1.05
Riverbend - Newly Renovated! Call today!One Bedroom1BR,1BA$1.24
Larimore Senior ResidencesOne Bed/One Bat 60%1BR,1BA$1.13
Residences at Sorensen Square1BR/1.0BA1BR,1BA$1.25
1209 Maple St1 BED / 1 BATH1BR,1BA$1.10

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

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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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See the most popular apartments and homes in Portsmouth, IA

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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 $550 at 1209 Maple St.

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 Featherstone Apartments and starts from $1,200.

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 A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.