Cheap Apartments for Rent in Portsmouth, NH from $1,200 (11 Rentals)

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

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411 Middle St
1 Bedroom Apartments

411 Middle St

411 Middle StPortsmouth, NH 03801
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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 2 Bedroom Apartments

Millport Apartments

1001 Islington StPortsmouth, NH 03801
  • 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.

Portsmouth, NH Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, NH

Pricing Updated: 07/02/2025

Current apartment rentals in the Portsmouth, NH area range in price from $1,050 to $4,700 with an overall median price of $3,601. The three Portsmouth neighborhoods with the lowest median rent pricing are Strawberry Banke at $1,900, New Hampshire Beaches at $1,050, and Osprey Landing at $1,750. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Portsmouth Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Strawberry Banke$2,950$1,9009
New Hampshire Beaches$3,150$1,05068
Osprey Landing$3,452$1,75041
Downtown Portsmouth$3,552$1,75011
South End$3,552$1,75011
Ocean Road$3,885$1,21013
Portsmouth Plains$3,885$1,21014
Colonial Pines$3,992$1,21011
Hillcrest$3,992$1,21017

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 $2,050. Seacoast Residences in the Osprey Landing neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,163. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Monarch Village0BR/1.0BAStudio,1BA$2,050
Seacoast ResidencesThe LighthouseStudio,1BA$2,163
Sagamore Court2 Bedroom2BR,1BA$2,195
Madison Residences1-Bedroom1BR,1BA$2,200
West End YardsS1AHStudio,1BA$2,290

Best Value Apartments for Rent in Portsmouth, NH

As of July 03, 2025 the best value apartment in the Portsmouth area is the $2.33 price per square foot Magnolia Model at Arbor View and The Pines in the in the Ocean Road neighborhood starting from $2,350. The second greatest value Portsmouth apartment is the 105 Whipple Rd Model at 105 Whipple Rd, Unit #4 starting at $2,250 with a $2.37 price per square foot in the New Hampshire Beaches 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.
Arbor View and The PinesMagnolia2BR,2BA$2.33
105 Whipple Rd, Unit #4105 Whipple Rd1BR,1BA$2.37
361 Miller Ave, Unit 3361 Miller Ave1BR,1BA$3.66
22 Whipple Rd, Unit 20-A22 Whipple Rd1BR,1BA$2.90
Sagamore Court2 Bedroom2BR,1BA$2.93
The Residences at Portwalk PlaceAria 1 Bedroom B81BR,1BA$4.99
Madison Residences1-Bedroom1BR,1BA$3.26
Seacoast ResidencesThe HarborStudio ,1BA$4.09
West End YardsS1AHStudio ,1BA$4.77
Monarch Village0BR/1.0BAStudio ,1BA$5.69

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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 $3,650.

What is the price of a cheap apartment in Portsmouth?

The cheapest apartment in Portsmouth is Madison Residences which is listed at $2,200, while the average apartment in Portsmouth costs $3,601.

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 11 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.