
Cheap Apartments for Rent in Portsmouth, NH from $1,200 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Portsmouth.


Rockland Street Apartments

Osprey Landing

Arbor View and The Pines

Sagamore Court

Total Monthly Price
1061 Maplewood Ave

559 Sagamore Ave

1094 Woodbury Ave, Unit 301

10 Monarch Wy
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.

132-136 State Street

Total Monthly Price
683 State St, Unit Garden 1, Unit Garden 1

Total Monthly Price
283 South St, Unit 2nd floor, Unit 2nd floor

50 Monarch Wy

Total Monthly Price
406 The Hill

The Veridian Residences

West End Yards

Total Monthly Price
405 The Hill, Unit #1, Unit #1

315 Maplewood Ave, Unit B
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.

411 Middle St

Frank Jones Brew Yard

Winchester Place Apartments

Millport Apartments

Monarch Village

The Pines

Madison Residences

401 State Street

Seacoast Residences
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.

671 Main St

671 Main St

5 10th St

89 Ashworth Ave

NSY Portsmouth Homes

933 Ocean Blvd

The Residences at Eliot Commons 55+ Community

1 Philbrick Ln

104 Bellamy Woods
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 | $2,276 | $1,260 | $3,295 |
| Cheap Portsmouth 1 Bedroom Apartments | $2,528 | $1,290 | $3,815 |
| Cheap Portsmouth 2 Bedroom Apartments | $2,995 | $1,680 | $4,795 |
| Cheap Portsmouth 3 Bedroom Apartments | $3,565 | $2,400 | $4,650 |
| 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
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Cheapest Neighborhoods for Apartments in Portsmouth, NH
Pricing Updated: 04/16/2026Current apartment rentals in the Portsmouth, NH area range in price from $1,100 to $7,459 with an overall median price of $3,553. The three Portsmouth neighborhoods with the lowest median rent pricing are Colonial Pines at $1,260, Hillcrest at $1,260, and New Hampshire Beaches at $1,100. 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 |
|---|---|---|---|
| Colonial Pines | $3,400 | $1,260 | 23 |
| Hillcrest | $3,400 | $1,260 | 35 |
| New Hampshire Beaches | $3,400 | $1,100 | 72 |
| Ocean Road | $3,400 | $1,260 | 27 |
| Portsmouth Plains | $3,400 | $1,260 | 40 |
| Osprey Landing | $3,430 | $1,650 | 47 |
| Downtown Portsmouth | $3,850 | $1,650 | 33 |
| South End | $3,850 | $1,650 | 32 |
| Strawberry Banke | $3,850 | $1,650 | 17 |
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. Seacoast Residences in the Osprey Landing neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,858. Here is today’s list of the most affordable Portsmouth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rockland Street Apartments | Studio | Studio,1BA | $1,650 |
| Seacoast Residences | Acadia | 1BR,1BA | $1,858 |
| Monarch Village | 1BR/1.0BA | 1BR,1BA | $2,099 |
| Sagamore Court | 2 Bedroom Deluxe | 2BR,1BA | $2,256 |
| West End Yards | S1C | Studio,1BA | $2,330 |
| Arbor View and The Pines | 2M | 2BR,2BA | $2,611 |
Best Value Apartments for Rent in Portsmouth, NH
As of April 16, 2026 the best value apartment in the Portsmouth area is the $2.74 price per square foot The Ruby Plan Model at Juniper Commons in the in the Ocean Road neighborhood starting from $4,250. The second greatest value Portsmouth apartment is the 2M Model at Arbor View and The Pines starting at $2,611 with a $2.18 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. |
|---|---|---|---|
| Juniper Commons | The Ruby Plan | 3BR,2.5BA | $2.74 |
| Arbor View and The Pines | 2M | 2BR,2BA | $2.18 |
| 283 South St, Unit 2nd floor | 283 South St | 1BR,1BA | $2.12 |
| Sagamore Court | 2 Bedroom Deluxe | 2BR,1BA | $2.37 |
| The Veridian Residences | B2G | 2BR,2BA | $3.53 |
| 450 Islington St, Unit West End | 450 Islington St | 2BR,1BA | $3.17 |
| 683 State St, Unit Garden 1 | 683 State St | 1BR,1BA | $2.59 |
| 29-41 Congress St | Apt. D | 1BR,1.5BA | $4.29 |
| 406 The Hill | 406 The Hill | 1BR,1BA | $3.00 |
| Monarch Village | 1BR/1.0BA | 1BR,1BA | $3.50 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Best Local Schools in Portsmouth, NH
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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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 $2,611.
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 $3,553.
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 20 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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.