Cheap Homes for Rent in Portsmouth, NH from $1,500 (20 Rentals)

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property at 20 Chapel St

20 Chapel St

PortsmouthNH03801
property at 20 Chapel St

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.

property at 79 Porpoise Way

79 Porpoise Way

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.

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: 12/03/2025

Current apartment rentals in the Portsmouth, NH area range in price from $1,050 to $9,612 with an overall median price of $3,767. The three Portsmouth neighborhoods with the lowest median rent pricing are New Hampshire Beaches at $1,050, Osprey Landing at $1,500, 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$3,500$1,050144
Osprey Landing$3,500$1,50074
Downtown Portsmouth$3,675$1,90026
South End$3,675$1,90024
Hillcrest$3,867$1,21039
Portsmouth Plains$3,867$1,21040
Strawberry Banke$3,875$1,90016
Ocean Road$3,885$1,21027
Colonial Pines$4,067$1,21025

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 $1,699. Arbor View and The Pines in the Ocean Road neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,060. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Monarch Village0BR/1.0BAStudio,1BA$1,699
Arbor View and The PinesSpruce 2R2BR,1BA$2,060
Sagamore Court2 Bedroom2BR,1BA$2,095
Seacoast ResidencesThe LighthouseStudio,1BA$2,218
West End YardsA1M1BR,1BA$2,640

Best Value Apartments for Rent in Portsmouth, NH

As of December 03, 2025 the best value apartment in the 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 Portsmouth apartment is the B2A Model at The Veridian Residences starting at $3,260 with a $3.30 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.
8 Chapel Street Residences2 Bed 1 Bath2BR,1BA$2.76
The Veridian ResidencesB2A2BR,2BA$3.30
Sagamore Court2 Bedroom2BR,1BA$2.79
Arbor View and The PinesSpruce 2R2BR,1BA$2.94
The Residences at Portwalk PlaceAria 1 Bedroom B41BR,1BA$4.72
170 Austin St, Unit 2170 Austin St1BR,1BA$3.38
648 Kearsarge Way, Unit 648648 Kearsarge Way2BR,1BA$3.47
West End YardsA1M1BR,1BA$4.31
Seacoast ResidencesThe LighthouseStudio ,1BA$4.44
Monarch Village0BR/1.0BAStudio ,1BA$4.47

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

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Frequently Asked Questions about Portsmouth

What type of rentals are currently available in Portsmouth?

There are currently 111 Apartments for Rent in Portsmouth, NH with pricing that ranges from $1,210 to $4,415. There are also 62 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $1,500 to $5,500.

What is the current price range for Rental Homes in Portsmouth?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Portsmouth ranges from $1,500 to $5,500 with an average monthly rent of $3,066.

How much are larger Three and Four Bedroom Rentals in Portsmouth?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Portsmouth range from $2,400 to $4,250, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $5,500. Four Bedroom Single-Family rentals are also available starting from $2,800 and Four Bedroom Apartments start at $2,700.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.