
Cheap Apartments for Rent in Portsmouth, NH from $1,200 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Portsmouth.


20 Chapel St

10 Monarch Wy

Osprey Landing

948 US-1

Sagamore Court
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.

Arbor View and The Pines

1061 Maplewood Ave, Unit 3 available Jun 2026

411 Middle St

1103 White Cedar Blvd

Frank Jones Brew Yard

Monarch Village
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.

20 Chapel St

Winchester Place Apartments

Millport Apartments

Seacoast Residences

The Residences at Eliot Commons 55+ Community

NSY Portsmouth Homes
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.
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 | $2,186 | $1,260 | $3,245 |
| Cheap Portsmouth 1 Bedroom Apartments | $2,538 | $1,290 | $3,820 |
| Cheap Portsmouth 2 Bedroom Apartments | $3,093 | $1,690 | $4,495 |
| Cheap Portsmouth 3 Bedroom Apartments | $3,775 | $2,400 | $4,250 |
| Cheap Portsmouth 4 Bedroom Apartments | $2,700 | $2,700 | $2,700 |
Browse Top Apartments in Portsmouth
See all Apartments in PortsmouthExplore Portsmouth
Portsmouth, NH Local Guide
- Portsmouth Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Portsmouth, NH
Pricing Updated: 01/15/2026Current apartment rentals in the Portsmouth, NH area range in price from $1,100 to $5,510 with an overall median price of $3,817. The three Portsmouth neighborhoods with the lowest median rent pricing are Osprey Landing at $1,500, Downtown Portsmouth at $1,600, and South End at $1,600. 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 |
|---|---|---|---|
| Osprey Landing | $3,430 | $1,500 | 72 |
| Downtown Portsmouth | $3,500 | $1,600 | 40 |
| South End | $3,500 | $1,600 | 38 |
| Strawberry Banke | $3,550 | $1,600 | 23 |
| New Hampshire Beaches | $3,900 | $1,100 | 119 |
| Portsmouth Plains | $3,900 | $1,260 | 58 |
| Hillcrest | $4,075 | $1,260 | 54 |
| Colonial Pines | $4,250 | $1,260 | 36 |
| Ocean Road | $4,250 | $1,260 | 38 |
Cheapest Available Portsmouth Apartments for Rent
 The cheapest available apartment rental in Portsmouth, NH is a 1 Bed unit found at Seacoast Residences in the Osprey Landing neighborhood priced from $1,867. Arbor View and The Pines in the Ocean Road neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,940. Here is today’s list of the most affordable Portsmouth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Seacoast Residences | Acadia | 1BR,1BA | $1,867 |
| Arbor View and The Pines | Spruce 2R | 2BR,1BA | $1,940 |
| Sagamore Court | 2 Bedroom | 2BR,1BA | $2,195 |
| West End Yards | S1C | Studio,1BA | $2,405 |
| The Residences at Portwalk Place | Aria 1 Bedroom B4 | 1BR,1BA | $2,949 |
Best Value Apartments for Rent in Portsmouth, NH
As of January 15, 2026 the best value apartment in the Portsmouth area is the $2.36 price per square foot Middle Unit 4 Baths (Gray/White) Model at Yokens of Portsmouth in the in the Ocean Road neighborhood starting from $4,250. The second greatest value Portsmouth apartment is the B2G Model at The Veridian Residences starting at $3,240 with a $3.53 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Yokens of Portsmouth | Middle Unit 4 Baths (Gray/White) | 3BR,3.5BA | $2.36 |
| The Veridian Residences | B2G | 2BR,2BA | $3.53 |
| Sagamore Court | 2 Bedroom | 2BR,1BA | $2.93 |
| 870 Woodbury Ave, Unit #2 | 870 Woodbury Ave | 2BR,1BA | $2.87 |
| The Residences at Portwalk Place | Aria 1 Bedroom B5 | 1BR,1BA | $4.76 |
| Arbor View and The Pines | Spruce 2R | 2BR,1BA | $2.77 |
| 29-41 Congress St | Apt. B | 1BR,1BA | $5.75 |
| Seacoast Residences | The Lighthouse | Studio ,1BA | $4.33 |
| West End Yards | S1C | Studio ,1BA | $5.10 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
Best Local Schools in Portsmouth, NH
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Portsmouth, NH Rentals by Map
See the most popular apartments and homes in Portsmouth, NH
Frequently Asked Questions about Cheap Portsmouth Apartments
What is a cheap apartment in Portsmouth?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Portsmouth is under $4,250.
What is the price of a cheap apartment in Portsmouth?
The cheapest apartment in Portsmouth is Seacoast Residences which is listed at $1,867, while the average apartment in Portsmouth costs $3,817.
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 5 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 $145 which is $3,672 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

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.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!