Cheap Apartments for Rent in Portsmouth, NH from $1,260 (37 Rentals)

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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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411 Middle St
Studio to 1 Bedroom Apartments

411 Middle St

411 Middle StPortsmouth, NH 03801
Student Housing
property at 134 Middle Street

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

Studio, 1 Bath Condo for Rent

Available Now

134 Middle Street, Unit 6

134 Middle Street
PortsmouthNH03801
property at 134 Middle Street

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950
Total Monthly Price
$1,950

Studio, 1 Bath Condo for Rent

Available Now

134 Middle Street, Unit 10

134 Middle Street
PortsmouthNH03801
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The Pines
1 to 2 Bedroom Apartments

The Pines

43 BeechstonePortsmouth, NH 03801
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Madison Residences
1 to 2 Bedroom Apartments

Madison Residences

184-188 Madison StPortsmouth, NH 03801
  • Utilities Included

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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10-12 Pine St
1 Bedroom Apartments

10-12 Pine St

10-12 Pine StKittery, ME 03904
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NSY Portsmouth Homes
2 to 4 Bedroom Apartments

NSY Portsmouth Homes

67 Philbrick AveKittery, ME 03904
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  • Utilities Included

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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property at 3 Philbrick Ln

$2,200 - $2,250

2 Bedroom Rentals

Available Sep 1

3 Philbrick Ln

KitteryME03904
Showing Results 1-37, Page 1 of 1

Portsmouth, NH Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, NH

Pricing Updated: 08/31/2026

Current apartment rentals in the Portsmouth, NH area range in price from $1,250 to $10,000 with an overall median price of $2,730. The three Portsmouth neighborhoods with the lowest median rent pricing are New Hampshire Beaches at $2,600, South End at $2,750, and Ocean Road at $2,775. 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$2,600$1,25073
South End$2,750$1,95010
Ocean Road$2,775$1,90014
Colonial Pines$2,800$1,90012
Hillcrest$2,800$1,95016
Portsmouth Plains$2,800$1,95017
Downtown Portsmouth$2,825$1,95013
Osprey Landing$2,862$1,95017
Strawberry Banke$2,900$1,95012

Cheapest Available Portsmouth Apartments for Rent

 

The cheapest available apartment rental in Portsmouth, NH is a Studio unit found at Sagamore Court in the Ocean Road neighborhood priced from $1,748. West End Yards in the Ocean Road neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,205. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Sagamore CourtStudioStudio,1BA$1,748
West End YardsS1AStudio,1BA$2,205
Seacoast ResidencesThe Captain - 1BR Den1BR,1BA$2,340
Arbor View and The PinesMagnolia2BR,2BA$2,525
The Veridian ResidencesA1A1BR,1BA$2,720
Monarch Village3BR/2.0BA3BR,2BA$3,000
Sage PortsmouthFranklin1BR,1BA$3,300
The Residences at Portwalk PlaceAria 1 Bedroom B81BR,1BA$3,445

Best Value Apartments for Rent in Portsmouth, NH

As of August 31, 2026 the best value apartment in the Portsmouth area is the $2.86 price per square foot 3 Bed 1 Bath Model at 8 Chapel Street Residences in the in the Hillcrest neighborhood starting from $4,000. The second greatest value Portsmouth apartment is the x03 Model at Saint James Place starting at $3,650 with a $2.80 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 Residences3 Bed 1 Bath3BR,1BA$2.86
Saint James Placex032BR,2BA$2.80
Arbor View and The Pines3T3BR,2BA$2.78
Monarch Village3BR/2.0BA3BR,2BA$3.03
26 Otis Ave, Unit 126 Otis Ave2BR,1BA$2.88
Seacoast ResidencesThe Captain - 1BR Den1BR,1BA$2.83
Sage PortsmouthFranklin1BR,1BA$4.56
The Veridian ResidencesA1A1BR,1BA$3.85
West End YardsS1AStudio ,1BA$4.59
Sagamore CourtStudioStudio ,1BA$3.88

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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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.

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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

How much is rent for a Cheap One Bedroom Portsmouth Apartment?

The lowest price for a Cheap One Bedroom Portsmouth Apartment is $2,340 at Seacoast Residences.

What is the lowest price for a Cheap Two Bedroom Portsmouth Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Portsmouth is starting from $2,242 at Sagamore Court.

What is the most affordable Portsmouth Three Bedroom Apartment?

The best deal on a cheap Portsmouth Three Bedroom Apartment rental is at Monarch Village and starts from $3,000.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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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.