
Cheap Apartments for Rent in Portsmouth, NH from $1,200 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Portsmouth.


20 Chapel St

24 Monarch Wy

Rockland Street Apartments

10 Monarch Wy
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.

Osprey Landing

Arbor View and The Pines

Sagamore Court

411 Middle St

20 Chapel St
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.

Frank Jones Brew Yard

Monarch Village

Millport Apartments

Winchester Place Apartments

Seacoast Residences
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.

935 Ocean Blvd

NSY Portsmouth Homes
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 | $2,117 | $1,260 | $3,295 |
| Cheap Portsmouth 1 Bedroom Apartments | $2,600 | $1,290 | $3,820 |
| Cheap Portsmouth 2 Bedroom Apartments | $3,062 | $1,690 | $4,695 |
| Cheap Portsmouth 3 Bedroom Apartments | $3,924 | $2,400 | $4,500 |
| Cheap Portsmouth 4 Bedroom Apartments | $3,062 | $2,700 | $3,425 |
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Portsmouth, NH Local Guide
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Cheapest Neighborhoods for Apartments in Portsmouth, NH
Pricing Updated: 03/01/2026Current apartment rentals in the Portsmouth, NH area range in price from $1,100 to $12,002 with an overall median price of $4,183. The three Portsmouth neighborhoods with the lowest median rent pricing are Osprey Landing at $1,500, Downtown Portsmouth at $1,500, and South End at $1,500. 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 |
|---|---|---|---|
| Osprey Landing | $3,860 | $1,500 | 59 |
| Downtown Portsmouth | $4,180 | $1,500 | 32 |
| South End | $4,180 | $1,500 | 31 |
| Strawberry Banke | $4,180 | $1,500 | 12 |
| Colonial Pines | $4,250 | $1,260 | 45 |
| Hillcrest | $4,250 | $1,260 | 54 |
| New Hampshire Beaches | $4,250 | $1,100 | 109 |
| Ocean Road | $4,250 | $1,260 | 45 |
| Portsmouth Plains | $4,250 | $1,260 | 53 |
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 $1,599. Rockland Street Apartments in the Ocean Road neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,650. Here is today’s list of the most affordable Portsmouth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Monarch Village | 0BR/1.0BA | Studio,1BA | $1,599 |
| Rockland Street Apartments | Studio | Studio,1BA | $1,650 |
| Seacoast Residences | Acadia | 1BR,1BA | $1,941 |
| Sagamore Court | 2 Bedroom | 2BR,1BA | $2,095 |
| The Veridian Residences | S1A | Studio,1BA | $2,285 |
Best Value Apartments for Rent in Portsmouth, NH
As of March 01, 2026 the best value apartment in the Portsmouth area is the $2.36 price per square foot Middle Unit 4 Baths (Gray/White) Model at Yokens of Portsmouth in the in the Ocean Road neighborhood starting from $4,250. The second greatest value Portsmouth apartment is the 2H Model at Arbor View and The Pines starting at $2,900 with a $2.42 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. |
|---|---|---|---|
| Yokens of Portsmouth | Middle Unit 4 Baths (Gray/White) | 3BR,3.5BA | $2.36 |
| Arbor View and The Pines | 2H | 2BR,2BA | $2.42 |
| 29-41 Congress St | Apt. D | 1BR,1.5BA | $4.29 |
| 870 Woodbury Ave, Unit #2 | 870 Woodbury Ave | 2BR,1BA | $2.87 |
| Sagamore Court | 2 Bedroom | 2BR,1BA | $2.79 |
| 406 The Hill, Unit 406 The Hill | 406 The Hill | 1BR,1BA | $2.93 |
| The Residences at Portwalk Place | Aria 1 Bedroom B5 | 1BR,1BA | $4.65 |
| Seacoast Residences | The Lighthouse | Studio ,1BA | $4.33 |
| West End Yards | S1C | Studio ,1BA | $4.88 |
| Monarch Village | 0BR/1.0BA | Studio ,1BA | $4.85 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
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 $3,295.
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 $4,183.
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 21 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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.