Cheap Apartments for Rent in Portsmouth, NH from $1,200 (18 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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151 High St

PortsmouthNH03801
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411 Middle St
Studio to 1 Bedroom Apartments

411 Middle St

411 Middle StPortsmouth, NH 03801
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Frank Jones Brew Yard
Studio to 2 Bedroom Apartments

Frank Jones Brew Yard

90 Brewery LnPortsmouth, NH 03801
  • Utilities Included
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Millport Apartments
Studio to 3 Bedroom Apartments

Millport Apartments

1001 Islington StPortsmouth, NH 03801
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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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Monarch Village
Studio to 2 Bedroom Apartments

Monarch Village

3548 Lafayette RdPortsmouth, NH 03801
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2 Bow St
1 to 2 Bedroom Apartments

2 Bow St

2 Bow StPortsmouth, NH 03801
  • Utilities Included
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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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NSY Portsmouth Homes
2 to 4 Bedroom Apartments

NSY Portsmouth Homes

67 Philbrick AveKittery, ME 03904
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Portsmouth, NH Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, NH

Pricing Updated: 10/03/2025

Current apartment rentals in the Portsmouth, NH area range in price from $1,050 to $11,807 with an overall median price of $3,696. The three Portsmouth neighborhoods with the lowest median rent pricing are New Hampshire Beaches at $1,050, Osprey Landing at $1,750, and Ocean Road at $1,210. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Portsmouth Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
New Hampshire Beaches$3,150$1,05089
Osprey Landing$3,485$1,75050
Ocean Road$3,592$1,21016
Downtown Portsmouth$3,605$1,75023
South End$3,605$1,75023
Portsmouth Plains$3,625$1,21029
Hillcrest$3,775$1,21029
Colonial Pines$3,792$1,21016
Strawberry Banke$4,640$1,79516

Cheapest Available Portsmouth Apartments for Rent

 

The cheapest available apartment rental in Portsmouth, NH is a Studio unit found at Monarch Village in the Ocean Road neighborhood priced from $1,699. Seacoast Residences in the Osprey Landing neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,230. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Monarch Village0BR/1.0BAStudio,1BA$1,699
Seacoast ResidencesAcadia1BR,1BA$2,230
West End YardsS1AHStudio,1BA$2,290
Sagamore Court2 Bedroom2BR,1BA$2,295
Arbor View and The PinesMagnolia2BR,2BA$2,350

Best Value Apartments for Rent in Portsmouth, NH

As of October 03, 2025 the best value apartment in the Portsmouth area is the $2.33 price per square foot Magnolia Model at Arbor View and The Pines in the in the Ocean Road neighborhood starting from $2,350. The second greatest value Portsmouth apartment is the 20 Cass St Model at 20 Cass St, Unit 20 Cass St. starting at $2,800 with a $2.80 price per square foot in the Ocean Road 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.
Arbor View and The PinesMagnolia2BR,2BA$2.33
20 Cass St, Unit 20 Cass St.20 Cass St3BR,1BA$2.80
The Veridian ResidencesB2A2BR,2BA$3.31
45 Market St, Unit .345 Market St1BR,1BA$4.25
Sagamore Court2 Bedroom2BR,1BA$3.06
648 Kearsarge Way, Unit 648648 Kearsarge Way2BR,1BA$3.47
Seacoast ResidencesAcadia1BR,1BA$3.70
26 Otis Ave, Unit 226 Otis Ave1BR,1BA$3.39
West End YardsS1AHStudio ,1BA$4.77
Monarch Village0BR/1.0BAStudio ,1BA$4.47

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

Explore Portsmouth, NH Rentals by Map

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Getting Around Portsmouth, NH

Walk Score®

65 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

Frequently Asked Questions about Cheap Portsmouth Apartments

What is the price of a cheap apartment in Portsmouth?

The cheapest apartment in Portsmouth is Seacoast Residences which is listed at $2,260, while the average apartment in Portsmouth costs $3,696.

What types of apartments are the cheapest in Portsmouth?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 12 regular apartments in Portsmouth that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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! 

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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.

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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.