Cheap Apartments for Rent in Portsmouth, NH from $1,200 (39 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
42 Market St, Unit Apt #3
$1,995
Total Monthly Price

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995
1 Bedroom Apartment Available Aug 1

42 Market St, Unit Apt #3

42 Market StPortsmouth, NH 03801
Affordability
  • Smoke Free

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.

property at 623 Middle Rd

$2,475

Total Monthly Price

Total Monthly Price

Base Rent
$2,475

Total Monthly Price
$2,475

2 Bedroom, 1 Bath Home for Rent

Available Now

623 Middle Rd, Unit A

623 Middle Rd
PortsmouthNH03801
close
View Me
411 Middle St
Studio to 1 Bedroom Apartments

411 Middle St

411 Middle StPortsmouth, NH 03801
Student Housing

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.

close
View Me
Frank Jones Brew Yard
Studio to 2 Bedroom Apartments

Frank Jones Brew Yard

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

Millport Apartments

1001 Islington StPortsmouth, NH 03801
  • Utilities Included
close
View Me
The Pines
1 to 2 Bedroom Apartments

The Pines

43 BeechstonePortsmouth, NH 03801
close
View Me
Monarch Village
Studio to 4 Bedroom Apartments

Monarch Village

3548 Lafayette RdPortsmouth, NH 03801
close
View Me
Madison Residences
1 to 2 Bedroom Apartments

Madison Residences

184-188 Madison StPortsmouth, NH 03801
  • Utilities Included

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.

property at 5 Wainwright Ave

$1,900

Total Monthly Price

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

2 Bedroom, 1 Bath Townhome for Rent

Available Now

5 Wainwright Ave

KitteryME03904
close
View Me
NSY Portsmouth Homes
2 to 4 Bedroom Apartments

NSY Portsmouth Homes

67 Philbrick AveKittery, ME 03904
Military
  • Utilities Included

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.

Portsmouth, NH Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, NH

Pricing Updated: 07/15/2026

Current apartment rentals in the Portsmouth, NH area range in price from $1,100 to $9,511 with an overall median price of $4,066. The three Portsmouth neighborhoods with the lowest median rent pricing are Colonial Pines at $1,260, New Hampshire Beaches at $1,100, and Ocean Road at $1,260. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Portsmouth Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Colonial Pines$3,710$1,26037
New Hampshire Beaches$3,710$1,10085
Ocean Road$3,710$1,26038
Hillcrest$3,797$1,26048
Portsmouth Plains$3,885$1,26047
Osprey Landing$4,000$1,65038
Downtown Portsmouth$4,500$1,65024
South End$4,500$1,65021
Strawberry Banke$4,787$1,65018

Cheapest Available Portsmouth Apartments for Rent

 

The cheapest available apartment rental in Portsmouth, NH is a Studio unit found at Seacoast Residences in the Osprey Landing neighborhood priced from $1,858. 79-81 Government St in the Osprey Landing neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,950. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Seacoast ResidencesThe LighthouseStudio,1BA$1,858
79-81 Government St79 Govt1BR,1BA$1,950
Rockland Street Apartments1-Bedroom1BR,1BA$2,100
Sagamore Court2 Bedroom2BR,1BA$2,271
Arbor View and The PinesSpruce R2BR,1BA$2,367
West End YardsA1M1BR,1BA$2,615
Monarch Village3BR/2.0BA3BR,2BA$3,300
Sage PortsmouthFranklin1BR,1BA$3,300

Best Value Apartments for Rent in Portsmouth, NH

As of July 15, 2026 the best value apartment in the Portsmouth area is the $2.58 price per square foot Middle Unit 4 Baths (Blue/White) Model at Yokens of Portsmouth in the in the Ocean Road neighborhood starting from $4,650. The second greatest value Portsmouth apartment is the 3 Bed 1 Bath Model at 8 Chapel Street Residences starting at $4,500 with a $3.22 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Yokens of PortsmouthMiddle Unit 4 Baths (Blue/White)3BR,3.5BA$2.58
8 Chapel Street Residences3 Bed 1 Bath3BR,1BA$3.22
Saint James Placex032BR,2BA$3.45
Arbor View and The Pines3T3BR,2BA$3.09
Monarch Village3BR/2.0BA3BR,2BA$3.33
26 Otis Ave, Unit 126 Otis Ave2BR,1BA$3.15
79-81 Government St79 Government # b1BR,1BA$2.41
Sagamore Court2 Bedroom2BR,1BA$3.11
163 Islington St, Unit #2163 Islington St1BR,1BA$3.50
Seacoast ResidencesThe LighthouseStudio ,1BA$3.48

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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

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

Explore Portsmouth, NH Rentals by Map

View Map
Portsmouth, NH Apartments Map
View Map
Portsmouth, NH Rental Homes Map

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 $2,024, while the average apartment in Portsmouth costs $4,066.

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 4 regular apartments in Portsmouth that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Portsmouth?

Cheap apartments in Portsmouth have an average cost of $206 which is $3,860 cheaper than the average rent for all rentals in Portsmouth.

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 Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.