Cheap Apartments for Rent in Portsmouth, NH from $1,200 (17 Rentals)

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

property at 20 Chapel St

$1,500

Studio, 1 Bath Home for Rent

Available Now

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
property at 20 Chapel St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

Studio, 1 Bath Condo for Rent

Available Now

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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Frank Jones Brew Yard
Studio to 2 Bedroom Apartments

Frank Jones Brew Yard

90 Brewery LnPortsmouth, NH 03801
  • Utilities Included
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Monarch Village
Studio to 4 Bedroom Apartments

Monarch Village

3548 Lafayette RdPortsmouth, NH 03801
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Millport Apartments
Studio to 3 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.

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NSY Portsmouth Homes
2 to 4 Bedroom Apartments

NSY Portsmouth Homes

67 Philbrick AveKittery, ME 03904
Military
  • Utilities Included

Portsmouth, NH Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, NH

Pricing Updated: 03/01/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Osprey Landing$3,860$1,50059
Downtown Portsmouth$4,180$1,50032
South End$4,180$1,50031
Strawberry Banke$4,180$1,50012
Colonial Pines$4,250$1,26045
Hillcrest$4,250$1,26054
New Hampshire Beaches$4,250$1,100109
Ocean Road$4,250$1,26045
Portsmouth Plains$4,250$1,26053

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 ListingModel NameBed/BathPriced From
Monarch Village0BR/1.0BAStudio,1BA$1,599
Rockland Street ApartmentsStudioStudio,1BA$1,650
Seacoast ResidencesAcadia1BR,1BA$1,941
Sagamore Court2 Bedroom2BR,1BA$2,095
The Veridian ResidencesS1AStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Yokens of PortsmouthMiddle Unit 4 Baths (Gray/White)3BR,3.5BA$2.36
Arbor View and The Pines2H2BR,2BA$2.42
29-41 Congress StApt. D1BR,1.5BA$4.29
870 Woodbury Ave, Unit #2870 Woodbury Ave2BR,1BA$2.87
Sagamore Court2 Bedroom2BR,1BA$2.79
406 The Hill, Unit 406 The Hill406 The Hill1BR,1BA$2.93
The Residences at Portwalk PlaceAria 1 Bedroom B51BR,1BA$4.65
Seacoast ResidencesThe LighthouseStudio ,1BA$4.33
West End YardsS1CStudio ,1BA$4.88
Monarch Village0BR/1.0BAStudio ,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.

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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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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.

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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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

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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.

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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.

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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.