
Cheap Apartments for Rent in the Downtown Portsmouth Neighborhood of Portsmouth, NH from $1,200 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Portsmouth area of Portsmouth.


948 US-1

Sagamore Court

39 Pleasant St, Unit 5

282 Middle Street, Unit 9

132-136 State Street

179 Union St, Unit 2
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105-107 Richards Ave

175-177 Myrtle Ave

West End Yards

285 Richards Ave

314 Islington St, Unit 5

673 South St, Unit Noucas Condo

192 Willard Ave, Unit B
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.

909 State Street

Total Monthly Price
18 Ladd St, Unit 18 Ladd St. Apt 2

411 Middle St

134 Middle Street, Unit 6

134 Middle Street, Unit 10

Madison Residences

777 Middle Rd
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.

17 Elm Ct
Downtown Portsmouth, Portsmouth, NH Local Guide

How much does it cost to rent an apartment in Downtown Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Portsmouth Studio Apartments | $2,133 | $1,650 | $2,340 |
| Downtown Portsmouth 1 Bedroom Apartments | $2,764 | $1,695 | $3,695 |
| Downtown Portsmouth 2 Bedroom Apartments | $3,608 | $2,200 | $4,845 |
| Downtown Portsmouth 3 Bedroom Apartments | $4,500 | $4,500 | $4,500 |
Browse Apartments in this Neighborhood
There are currently 22 rentals with your search options within a 1 mile radius of the Downtown Portsmouth Neighborhood of Portsmouth, NH.
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Downtown Portsmouth, Portsmouth, NH Local Guide
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Cheapest Available Downtown Portsmouth Apartments for Rent
 The cheapest available apartment rental in the Downtown Portsmouth area of Portsmouth, NH is a Studio unit found at Sagamore Court priced from $1,748. Madison Residences has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,200. Here are the most affordable Downtown Portsmouth apartments for rent in Portsmouth, NH:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sagamore Court | Studio | Studio,1BA | $1,748 |
| Madison Residences | 1-Bedroom | 1BR,1BA | $2,200 |
| The Residences at Portwalk Place | Aria 1 Bedroom B8 | 1BR,1BA | $3,445 |
| 8 Chapel Street Residences | 3 Bed 1 Bath | 3BR,1BA | $4,000 |
Best Value Apartments for Rent in Downtown Portsmouth, NH
As of August 24, 2026 the best value apartment in the Downtown 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 Downtown Portsmouth apartment is the Aria 1 Bedroom B8 Model at The Residences at Portwalk Place starting at $3,445 with a $4.71 price per square foot in the Hillcrest neighborhood. Here is today’s list of the best values for Downtown Portsmouth apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 8 Chapel Street Residences | 3 Bed 1 Bath | 3BR,1BA | $2.86 |
| The Residences at Portwalk Place | Aria 1 Bedroom B8 | 1BR,1BA | $4.71 |
| Madison Residences | 1-Bedroom | 1BR,1BA | $3.26 |
| West End Yards | S1A | Studio ,1BA | $4.59 |
| Sagamore Court | Studio | Studio ,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.
Read ArticleReal 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.
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 Downtown Portsmouth, Portsmouth, NH
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Portsmouth Apartments
How much is rent for a Cheap One Bedroom Downtown Portsmouth Apartment?
The lowest price for a Cheap One Bedroom Downtown Portsmouth Apartment is $2,200 at Madison Residences.
What is the lowest price for a Cheap Two Bedroom Downtown Portsmouth Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Portsmouth is starting from $2,146 at Sagamore Court.
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

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.

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.

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.

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.