
Cheap Homes for Rent in Downtown Portsmouth Neighborhood of Portsmouth, NH from $1,600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Portsmouth area of Portsmouth.


20 Chapel St

136 Hill St
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.

53 Austin St

5 Pleasant 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.

238 Deer St
Downtown Portsmouth, Portsmouth, NH Local Guide

How much does it cost to rent a home in Downtown Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Portsmouth 2 Bedroom Homes for Rent | $3,203 | $2,200 | $4,800 |
| Downtown Portsmouth 3 Bedroom Homes for Rent | $3,660 | $2,800 | $4,800 |
| Downtown Portsmouth 4 Bedroom Homes for Rent | $5,286 | $4,000 | $7,500 |
Browse Homes for Rent in this Neighborhood
There are currently 7 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 West End Yards priced from $2,405. Sagamore Court has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,500. Here are the most affordable Downtown Portsmouth apartments for rent in Portsmouth, NH:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| West End Yards | S1B | Studio,1BA | $2,405 |
| Sagamore Court | 2 Bedroom Deluxe | 2BR,1BA | $2,500 |
| 29-41 Congress St | Apt. B | 1BR,1BA | $2,975 |
Best Value Apartments for Rent in Downtown Portsmouth, NH
As of January 01, 2026 the best value apartment in the Downtown Portsmouth area is the $2.76 price per square foot 2 Bed 1 Bath Model at 8 Chapel Street Residences in the in the Hillcrest neighborhood starting from $3,750. The second greatest value Downtown Portsmouth apartment is the 2 Bedroom Deluxe Model at Sagamore Court starting at $2,500 with a $2.63 price per square foot in the Ocean Road 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 | 2 Bed 1 Bath | 2BR,1BA | $2.76 |
| Sagamore Court | 2 Bedroom Deluxe | 2BR,1BA | $2.63 |
| 45 Market St, Unit .2 | 45 Market St | 1BR,1BA | $4.24 |
| The Residences at Portwalk Place | Aria 1 Bedroom B4 | 1BR,1BA | $4.72 |
| 29-41 Congress St | Apt. B | 1BR,1BA | $5.75 |
| West End Yards | S1A | Studio ,1BA | $5.01 |
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 Downtown Portsmouth, Portsmouth, NH
School data provided by Great Schools
Frequently Asked Questions about Downtown Portsmouth
What type of rentals are currently available in Downtown Portsmouth?
There are currently 79 Apartments for Rent in Downtown Portsmouth, NH with pricing that ranges from $1,695 to $4,415. There are also 24 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Portsmouth ranging from $1,600 to $7,500.
What is the current price range for Rental Homes in Downtown Portsmouth?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Portsmouth ranges from $1,600 to $7,500 with an average monthly rent of $3,348.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
