
Cheap Homes for Rent in Portsmouth, NH from $1,950 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Portsmouth.


282 Middle Street, Unit 9

134 Middle Street, Unit 6

134 Middle Street, Unit 10

179 Union St, Unit 2

807 White Cedar Blvd

904 White Cedar Blvd
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.

3 Philbrick Ln

123 Preble Way

67 Porpoise Way

314 Islington St, Unit 5

777 Middle Rd

673 South St, Unit Noucas Condo

442 Haley Rd
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

How much does it cost to rent a home in Portsmouth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portsmouth 2 Bedroom Homes for Rent | $2,922 | $2,300 | $4,400 |
| Portsmouth 3 Bedroom Homes for Rent | $4,612 | $2,750 | $9,500 |
| Portsmouth 4 Bedroom Homes for Rent | $4,166 | $3,700 | $4,800 |
| Portsmouth 5 Bedroom Homes for Rent | $3,450 | $3,450 | $3,450 |
| Portsmouth 6 Bedroom Homes for Rent | $6,300 | $6,300 | $6,300 |
Browse Top Homes for Rent in Portsmouth
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Portsmouth, NH Local Guide
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Cheapest Neighborhoods for Apartments in Portsmouth, NH
Pricing Updated: 08/22/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| New Hampshire Beaches | $2,600 | $1,200 | 66 |
| South End | $2,700 | $1,950 | 11 |
| Downtown Portsmouth | $2,725 | $1,950 | 12 |
| Osprey Landing | $2,750 | $1,950 | 15 |
| Strawberry Banke | $2,750 | $1,950 | 11 |
| Hillcrest | $2,800 | $1,950 | 18 |
| Ocean Road | $2,800 | $1,900 | 15 |
| Portsmouth Plains | $2,800 | $1,950 | 17 |
| Colonial Pines | $2,812 | $1,900 | 14 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Seacoast Residences | Acadia | 1BR,1BA | $1,888 |
| Sagamore Court | 2 Bedroom | 2BR,1BA | $2,146 |
| Madison Residences | 1-Bedroom | 1BR,1BA | $2,200 |
| West End Yards | S1A | Studio,1BA | $2,205 |
| Arbor View and The Pines | Magnolia | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 8 Chapel Street Residences | 3 Bed 1 Bath | 3BR,1BA | $2.86 |
| Saint James Place | x03 | 2BR,2BA | $2.80 |
| 38 Eliot Rd, Unit A | 38 Eliot Rd | 1BR,1BA | $2.27 |
| Arbor View and The Pines | 3T | 3BR,2BA | $2.86 |
| Monarch Village | 3BR/2.0BA | 3BR,2BA | $3.18 |
| 26 Otis Ave, Unit 1 | 26 Otis Ave | 2BR,1BA | $2.91 |
| Sage Portsmouth | Franklin | 1BR,1BA | $4.56 |
| Madison Residences | 1-Bedroom | 1BR,1BA | $3.26 |
| Seacoast Residences | The Harbor | Studio ,1BA | $3.44 |
| Sagamore Court | Studio | Studio ,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.
Read ArticleReal 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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Best Local Schools in Portsmouth, NH
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Portsmouth, NH
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

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.

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.

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.

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.