Cheap Homes for Rent in Portsmouth, NH from $1,950 (14 Rentals)

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

property at 134 Middle Street

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

Studio, 1 Bath Condo for Rent

Available Now

134 Middle Street, Unit 6

134 Middle Street
PortsmouthNH03801
property at 134 Middle Street

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

Studio, 1 Bath Condo for Rent

Available Now

134 Middle Street, Unit 10

134 Middle Street
PortsmouthNH03801

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 673 South St

$2,600

Total Monthly Price

Total Monthly Price

Base Rent
$2,600

Total Monthly Price
$2,600

2 Bedroom, 1 Bath Condo for Rent

Available Now

673 South St, Unit Noucas Condo

673 South St
PortsmouthNH03801

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.

Portsmouth, NH Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, NH

Pricing Updated: 08/22/2026

Current apartment rentals in the Portsmouth, NH area range in price from $1,200 to $10,000 with an overall median price of $2,709. The three Portsmouth neighborhoods with the lowest median rent pricing are New Hampshire Beaches at $2,600, South End at $2,700, and Downtown Portsmouth at $2,725. 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$2,600$1,20066
South End$2,700$1,95011
Downtown Portsmouth$2,725$1,95012
Osprey Landing$2,750$1,95015
Strawberry Banke$2,750$1,95011
Hillcrest$2,800$1,95018
Ocean Road$2,800$1,90015
Portsmouth Plains$2,800$1,95017
Colonial Pines$2,812$1,90014

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 $1,888. Sagamore Court in the Ocean Road neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,146. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Seacoast ResidencesAcadia1BR,1BA$1,888
Sagamore Court2 Bedroom2BR,1BA$2,146
Madison Residences1-Bedroom1BR,1BA$2,200
West End YardsS1AStudio,1BA$2,205
Arbor View and The PinesMagnolia2BR,2BA$2,427

Best Value Apartments for Rent in Portsmouth, NH

As of August 23, 2026 the best value apartment in the 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 Portsmouth apartment is the x03 Model at Saint James Place starting at $3,650 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.
8 Chapel Street Residences3 Bed 1 Bath3BR,1BA$2.86
Saint James Placex032BR,2BA$2.80
38 Eliot Rd, Unit A38 Eliot Rd1BR,1BA$2.27
Arbor View and The Pines3T3BR,2BA$2.86
Monarch Village3BR/2.0BA3BR,2BA$3.18
26 Otis Ave, Unit 126 Otis Ave2BR,1BA$2.91
Sage PortsmouthFranklin1BR,1BA$4.56
Madison Residences1-Bedroom1BR,1BA$3.26
Seacoast ResidencesThe HarborStudio ,1BA$3.44
Sagamore CourtStudioStudio ,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.

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Real 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.

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Frequently Asked Questions about Portsmouth

What type of rentals are currently available in Portsmouth?

There are currently 117 Apartments for Rent in Portsmouth, NH with pricing that ranges from $1,260 to $4,845. There are also 42 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $1,950 to $9,500.

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 $1,950 to $9,500 with an average monthly rent of $3,042.

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 $2,600 to $4,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,750 to $9,500. Four Bedroom Single-Family rentals are also available starting from $3,700 and Four Bedroom Apartments start at $2,900.

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

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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.

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.