Cheap Apartments for Rent in Portsmouth, NH from $400 (15 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
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Monarch Village
1 Bedroom Apartments

Monarch Village

3548 Lafayette RdPortsmouth, NH 03801

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: 08/18/2025

Current apartment rentals in the Portsmouth, NH area range in price from $450 to $5,500 with an overall median price of $3,690. The three Portsmouth neighborhoods with the lowest median rent pricing are New Hampshire Beaches at $450, Osprey Landing at $450, 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$3,085$45059
Osprey Landing$3,472$45026
Downtown Portsmouth$3,560$1,90016
South End$3,577$1,90015
Ocean Road$3,592$1,2109
Colonial Pines$3,885$1,2107
Portsmouth Plains$3,885$1,21015
Hillcrest$3,942$1,21016
Strawberry Banke$4,220$1,60013

Cheapest Available Portsmouth Apartments for Rent

 

The cheapest available apartment rental in Portsmouth, NH is a 1 Bed unit found at Madison Residences in the Ocean Road neighborhood priced from $2,200. West End Yards in the Ocean Road neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,290. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Madison Residences1-Bedroom1BR,1BA$2,200
West End YardsS1AHStudio,1BA$2,290
Seacoast ResidencesThe Marginal1BR,1BA$2,409
The Residences at Portwalk PlaceAria 1 Bedroom B41BR,1BA$3,325

Best Value Apartments for Rent in Portsmouth, NH

As of August 18, 2025 the best value apartment in the Portsmouth area is the $3.22 price per square foot The Marginal Model at Seacoast Residences in the in the Osprey Landing neighborhood starting from $2,409. The second greatest value Portsmouth apartment is the Aria 1 Bedroom B5 Model at The Residences at Portwalk Place starting at $3,660 with a $5.16 price per square foot in the Hillcrest 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.
Seacoast ResidencesThe Marginal1BR,1BA$3.22
The Residences at Portwalk PlaceAria 1 Bedroom B51BR,1BA$5.16
Madison Residences1-Bedroom1BR,1BA$3.26
114 Maplewood Ave, Unit 1R114 Maplewood Ave1BR,1BA$3.00
West End YardsS1AHStudio ,1BA$4.77
1000 Islington St, Unit B1000 Islington StStudio ,1BA$5.50

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

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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 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 $3,690.

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 14 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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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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.