Cheap Homes for Rent in Portsmouth, NH from $1,500 (9 Rentals)

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

property at 93 Henry Law Ave

$1,500 - $1,800

Studio To 1 Bedroom Rentals

Available Apr 7

93 Henry Law Ave

DoverNH03820

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 671 Main St

$2,295

Total Monthly Price

Total Monthly Price

Base Rent
$2,295

Total Monthly Price
$2,295

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

671 Main St

EliotME03903

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.

property at 132 Middle Street

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

132 Middle Street, Unit 4

132 Middle Street
PortsmouthNH03801

Portsmouth, NH Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, NH

Pricing Updated: 04/05/2026

Current apartment rentals in the Portsmouth, NH area range in price from $1,100 to $7,742 with an overall median price of $3,907. The three Portsmouth neighborhoods with the lowest median rent pricing are Colonial Pines at $1,260, Ocean Road at $1,260, and Osprey Landing at $1,650. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Portsmouth Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Colonial Pines$3,400$1,26032
Ocean Road$3,400$1,26034
Osprey Landing$3,453$1,65048
Hillcrest$3,642$1,26041
New Hampshire Beaches$3,885$1,10094
Portsmouth Plains$3,885$1,26045
Downtown Portsmouth$4,500$1,65028
South End$4,500$1,65028
Strawberry Banke$4,500$1,65013

Cheapest Available Portsmouth Apartments for Rent

 

The cheapest available apartment rental in Portsmouth, NH is a Studio unit found at Rockland Street Apartments in the Ocean Road neighborhood priced from $1,650. Seacoast Residences in the Osprey Landing neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,968. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rockland Street ApartmentsStudioStudio,1BA$1,650
Seacoast ResidencesAcadia1BR,1BA$1,968
Monarch Village1BR/1.0BA1BR,1BA$2,099

Best Value Apartments for Rent in Portsmouth, NH

As of April 05, 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 The Ruby Plan Model at Juniper Commons starting at $4,250 with a $2.74 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
Juniper CommonsThe Ruby Plan3BR,2.5BA$2.74
Monarch Village3BR/1.0BA3BR,1BA$2.50
Arbor View and The Pines2M2BR,2BA$2.42
283 South St, Unit 2nd floor283 South St1BR,1BA$2.12
The Veridian ResidencesB2G2BR,2BA$3.53
683 State St, Unit Garden 1683 State St1BR,1BA$2.59
29-41 Congress StApt. D1BR,1.5BA$4.29
406 The Hill406 The Hill1BR,1BA$3.00
143 Martin Rd143 Martin Rd1BR,1BA$3.61

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 Portsmouth

What type of rentals are currently available in Portsmouth?

There are currently 114 Apartments for Rent in Portsmouth, NH with pricing that ranges from $1,260 to $4,795. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $1,500 to $9,000.

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 $9,000 with an average monthly rent of $3,896.

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 $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,595 to $9,000. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $2,700.

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.