
Cheap Apartments for Rent in Portsmouth, NH from $400 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in Portsmouth.


Osprey Landing
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.

50 Monarch Wy

Sagamore Court

241 Middle Street
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.

55 US Route 1 Byp, Unit Executive Rental Unit

78 Government St
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.

The Residences at Eliot Commons 55+ Community

14 Garrison Ln

241 S Main St
Portsmouth, NH Local Guide

How much does it cost to rent an apartment in Portsmouth?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Portsmouth Studio Apartments | $2,267 | $1,210 | $2,995 |
Cheap Portsmouth 1 Bedroom Apartments | $2,577 | $450 | $4,095 |
Cheap Portsmouth 2 Bedroom Apartments | $3,194 | $1,640 | $5,500 |
Cheap Portsmouth 3 Bedroom Apartments | $3,569 | $2,400 | $4,400 |
Cheap Portsmouth 4 Bedroom Apartments | $2,700 | $2,700 | $2,700 |
Browse Top Apartments in Portsmouth
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Portsmouth, NH Local Guide
- Portsmouth Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Portsmouth, NH
Pricing Updated: 08/18/2025Current apartment rentals in the Portsmouth, NH area range in price from $450 to $5,500 with an overall median price of $3,690. The three Portsmouth neighborhoods with the lowest median rent pricing are New Hampshire Beaches at $450, Osprey Landing at $450, and Downtown Portsmouth at $1,900. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Portsmouth Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
New Hampshire Beaches | $3,085 | $450 | 59 |
Osprey Landing | $3,472 | $450 | 26 |
Downtown Portsmouth | $3,560 | $1,900 | 16 |
South End | $3,577 | $1,900 | 15 |
Ocean Road | $3,592 | $1,210 | 9 |
Colonial Pines | $3,885 | $1,210 | 7 |
Portsmouth Plains | $3,885 | $1,210 | 15 |
Hillcrest | $3,942 | $1,210 | 16 |
Strawberry Banke | $4,220 | $1,600 | 13 |
Cheapest Available Portsmouth Apartments for Rent
 The cheapest available apartment rental in Portsmouth, NH is a 1 Bed unit found at Madison Residences in the Ocean Road neighborhood priced from $2,200. West End Yards in the Ocean Road neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,290. Here is today’s list of the most affordable Portsmouth apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Madison Residences | 1-Bedroom | 1BR,1BA | $2,200 |
West End Yards | S1AH | Studio,1BA | $2,290 |
Seacoast Residences | The Marginal | 1BR,1BA | $2,409 |
The Residences at Portwalk Place | Aria 1 Bedroom B4 | 1BR,1BA | $3,325 |
Best Value Apartments for Rent in Portsmouth, NH
As of August 18, 2025 the best value apartment in the Portsmouth area is the $3.22 price per square foot The Marginal Model at Seacoast Residences in the in the Osprey Landing neighborhood starting from $2,409. The second greatest value Portsmouth apartment is the Aria 1 Bedroom B5 Model at The Residences at Portwalk Place starting at $3,660 with a $5.16 price per square foot in the Hillcrest 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. |
---|---|---|---|
Seacoast Residences | The Marginal | 1BR,1BA | $3.22 |
The Residences at Portwalk Place | Aria 1 Bedroom B5 | 1BR,1BA | $5.16 |
Madison Residences | 1-Bedroom | 1BR,1BA | $3.26 |
114 Maplewood Ave, Unit 1R | 114 Maplewood Ave | 1BR,1BA | $3.00 |
West End Yards | S1AH | Studio ,1BA | $4.77 |
1000 Islington St, Unit B | 1000 Islington St | Studio ,1BA | $5.50 |
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Best Local Schools in Portsmouth, NH
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Portsmouth, NH
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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Portsmouth Apartments
What is the price of a cheap apartment in Portsmouth?
The cheapest apartment in Portsmouth is Madison Residences which is listed at $2,200, while the average apartment in Portsmouth costs $3,690.
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 14 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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.