Cheap Apartments for Rent in Portsmouth, NH from $1,200 (18 Rentals)

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

property at 20 Chapel St

20 Chapel St

PortsmouthNH03801

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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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
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Millport Apartments
Studio to 3 Bedroom Apartments

Millport Apartments

1001 Islington StPortsmouth, NH 03801
  • Utilities Included
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Monarch Village
Studio to 2 Bedroom Apartments

Monarch Village

3548 Lafayette RdPortsmouth, NH 03801
property at 20 Chapel St

20 Chapel St

PortsmouthNH03801

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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2 Bow St
1 to 2 Bedroom Apartments

2 Bow St

2 Bow StPortsmouth, NH 03801
  • Utilities Included
  • Smoke Free
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NSY Portsmouth Homes
2 to 4 Bedroom Apartments

NSY Portsmouth Homes

67 Philbrick AveKittery, ME 03904
Military
  • 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.

Portsmouth, NH Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, NH

Pricing Updated: 11/18/2025

Current apartment rentals in the Portsmouth, NH area range in price from $1,050 to $9,515 with an overall median price of $3,662. The three Portsmouth neighborhoods with the lowest median rent pricing are New Hampshire Beaches at $1,050, Osprey Landing at $1,500, 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:

NeighborhoodMedian PriceMin PriceAvailable Units
New Hampshire Beaches$3,300$1,050150
Osprey Landing$3,387$1,50074
Downtown Portsmouth$3,500$1,90030
South End$3,500$1,90028
Strawberry Banke$3,625$1,90017
Hillcrest$3,850$1,21043
Portsmouth Plains$3,850$1,21044
Ocean Road$3,885$1,21031
Colonial Pines$4,067$1,21029

Cheapest Available Portsmouth Apartments for Rent

 

The cheapest available apartment rental in Portsmouth, NH is a Studio unit found at Monarch Village in the Ocean Road neighborhood priced from $1,699. 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 $2,060. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Monarch Village0BR/1.0BAStudio,1BA$1,699
Arbor View and The PinesSpruce 2R2BR,1BA$2,060
West End YardsS1AStudio,1BA$2,136
Seacoast ResidencesThe LighthouseStudio,1BA$2,218
Sagamore Court2 Bedroom Deluxe2BR,1BA$2,400

Best Value Apartments for Rent in Portsmouth, NH

As of November 18, 2025 the best value apartment in the Portsmouth area is the $2.76 price per square foot 2 Bed 1 Bath Model at 8 Chapel Street Residences in the in the Hillcrest neighborhood starting from $3,750. The second greatest value Portsmouth apartment is the 20 Cass St Model at 20 Cass St, Unit 20 Cass St. starting at $2,500 with a $2.50 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.
8 Chapel Street Residences2 Bed 1 Bath2BR,1BA$2.76
20 Cass St, Unit 20 Cass St.20 Cass St3BR,1BA$2.50
The Veridian ResidencesB2A2BR,2BA$3.30
Sagamore Court2 Bedroom Deluxe2BR,1BA$2.53
214 Myrtle Ave, Unit 2214 Myrtle Ave1BR,1BA$2.67
Arbor View and The PinesSpruce 2R2BR,1BA$2.94
258 Raleigh Way, Unit Atlantic Heights 285 Raleigh Way258 Raleigh Way2BR,1BA$3.63
648 Kearsarge Way, Unit 648648 Kearsarge Way2BR,1BA$3.47
Seacoast ResidencesThe LighthouseStudio ,1BA$4.44
West End YardsS1AStudio ,1BA$4.45

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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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.

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

Explore Portsmouth, NH Rentals by Map

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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

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 $2,400.

What is the price of a cheap apartment in Portsmouth?

The cheapest apartment in Portsmouth is Seacoast Residences which is listed at $2,260, while the average apartment in Portsmouth costs $3,662.

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 18 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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.