Cheap Apartments for Rent in Portsmouth, NH from $1,200 (43 Rentals)

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

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42 Market St
$2,100 - $2,200
Total Monthly Price

Total Monthly Price

Base Rent
$2,100 - $2,200
Total Monthly Price
$2,100 - $2,200
1 Bedroom Apartment Available Now

42 Market St

42 Market StPortsmouth, NH 03801
Affordability

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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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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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
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411 Middle St
Studio to 1 Bedroom Apartments

411 Middle St

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

Frank Jones Brew Yard

90 Brewery LnPortsmouth, 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.

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Millport Apartments
Studio to 3 Bedroom Apartments

Millport Apartments

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

The Pines

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

Monarch Village

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

Madison Residences

184-188 Madison StPortsmouth, NH 03801
  • 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.

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NSY Portsmouth Homes
2 to 4 Bedroom Apartments

NSY Portsmouth Homes

67 Philbrick AveKittery, ME 03904
Military
  • Utilities Included

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 1-43, Page 1 of 1

Portsmouth, NH Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, NH

Pricing Updated: 05/31/2026

Current apartment rentals in the Portsmouth, NH area range in price from $1,100 to $7,393 with an overall median price of $4,087. The three Portsmouth neighborhoods with the lowest median rent pricing are Ocean Road at $1,260, Colonial Pines at $1,260, and Hillcrest 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
Ocean Road$3,600$1,26024
Colonial Pines$3,671$1,26021
Hillcrest$3,885$1,26027
Portsmouth Plains$3,885$1,26029
Osprey Landing$4,050$1,65031
New Hampshire Beaches$4,192$1,10053
Downtown Portsmouth$4,500$1,65025
South End$4,500$1,65023
Strawberry Banke$4,500$1,65013

Cheapest Available Portsmouth Apartments for Rent

 

The cheapest available apartment rental in Portsmouth, NH is a Studio unit found at Rockland Street Apartments in the Ocean Road neighborhood priced from $1,650. Sagamore Court in the Ocean Road neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,189. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rockland Street ApartmentsStudioStudio,1BA$1,650
Sagamore Court2 Bedroom2BR,1BA$2,189
Seacoast ResidencesThe LighthouseStudio,1BA$2,210
Arbor View and The PinesMagnolia2BR,2BA$2,552
West End YardsA1M1BR,1BA$2,605
79-81 Government St79 Govt1BR,1BA$2,725
Sage PortsmouthFranklin1BR,1BA$3,300

Best Value Apartments for Rent in Portsmouth, NH

As of May 31, 2026 the best value apartment in the Portsmouth area is the $3.45 price per square foot x03 Model at Saint James Place in the in the Ocean Road neighborhood starting from $4,500. The second greatest value Portsmouth apartment is the 3T Model at Arbor View and The Pines starting at $3,450 with a $2.88 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.
Saint James Placex032BR,2BA$3.45
Arbor View and The Pines3T3BR,2BA$2.88
697-1 Islington St, Unit 697 Islington St Apt 1697-1 Islington St3BR,1BA$3.27
406 The Hill406 The Hill1BR,1BA$3.00
823 Islington St, Unit 2823 Islington St1BR,1BA$3.06
Sagamore Court2 Bedroom2BR,1BA$2.92
Sage PortsmouthFranklin1BR,1BA$4.56
West End YardsB1D2BR,1BA$4.52
79-81 Government St79 Govt1BR,1BA$4.47
Seacoast ResidencesThe LighthouseStudio ,1BA$4.03

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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Frequently Asked Questions about Cheap Portsmouth Apartments

What is the price of a cheap apartment in Portsmouth?

The cheapest apartment in Portsmouth is Rockland Street Apartments which is listed at $1,850, while the average apartment in Portsmouth costs $4,087.

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.

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 Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.