Cheap Homes for Rent in Portsmouth, NH from $1,500 (11 Rentals)

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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.

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.

Portsmouth, NH Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, NH

Pricing Updated: 09/18/2025

Current apartment rentals in the Portsmouth, NH area range in price from $1,300 to $7,500 with an overall median price of $5,004. The three Portsmouth neighborhoods with the lowest median rent pricing are Strawberry Banke at $2,095, Osprey Landing at $2,095, and Colonial Pines at $2,100. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Portsmouth Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Strawberry Banke$3,900$2,09519
Osprey Landing$4,722$2,09531
Colonial Pines$5,000$2,10029
Hillcrest$5,000$2,09533
Ocean Road$5,000$2,09526
New Hampshire Beaches$5,150$1,300115
Downtown Portsmouth$5,422$2,09525
Portsmouth Plains$5,422$2,09524
South End$5,422$2,09520

Cheapest Available Portsmouth Apartments for Rent

 

The cheapest available apartment rental in Portsmouth, NH is a 1 Bed unit found at Seacoast Residences in the Osprey Landing neighborhood priced from $2,230. West End Yards in the Ocean Road neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,290. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Seacoast ResidencesAcadia1BR,1BA$2,230
West End YardsS1AHStudio,1BA$2,290
The Veridian ResidencesS1BStudio,1BA$2,405
The Residences at Portwalk PlaceAria 1 Bedroom B41BR,1BA$3,195

Best Value Apartments for Rent in Portsmouth, NH

As of September 19, 2025 the best value apartment in the Portsmouth area is the $1.25 price per square foot 55 US Route 1 Byp Model at 55 US Route 1 Byp, Unit Furnished Rental in the in the Osprey Landing neighborhood starting from $1,500. The second greatest value Portsmouth apartment is the 20 Cass St Model at 20 Cass St, Unit 20 Cass St. starting at $2,800 with a $2.80 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.
55 US Route 1 Byp, Unit Furnished Rental55 US Route 1 Byp1BR,1BA$1.25
20 Cass St, Unit 20 Cass St.20 Cass St3BR,1BA$2.80
26 Otis Ave, Unit 126 Otis Ave2BR,1BA$3.03
The Residences at Portwalk PlaceAria 1 Bedroom B51BR,1BA$4.88
The Veridian ResidencesS1BStudio ,1BA$3.91
Seacoast ResidencesAcadia1BR,1BA$3.66
West End YardsS1CStudio ,1BA$4.96
1000 Islington St, Unit B1000 Islington StStudio ,1BA$5.50

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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 107 Apartments for Rent in Portsmouth, NH with pricing that ranges from $1,210 to $4,975. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $1,595 to $6,000.

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 $1,595 to $6,000 with an average monthly rent of $3,751.

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 $4,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,800 to $6,000. Four Bedroom Single-Family rentals are also available starting from $2,950 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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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.