
Cheap Homes for Rent in Portsmouth, RI from $1,000 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Portsmouth.


303 Metacom Ave, Unit Unit 2A

303 Metacom Ave, Unit Unit 2B

303 Metacom Ave, Unit Unit 2D

229 Smith St

9 1/2 West St

12 Third School St, Unit 3
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

9 West St, Unit 9 West St 2N

23 Rock St

15 Rock St, Unit 1

12 Third School St, Unit 2

102 Constitution St, Unit 4

60 Washington St, Unit 3

44 Paquins Ln
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, RI 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 | $3,326 | $1,700 | $7,000 |
| Portsmouth 3 Bedroom Homes for Rent | $6,100 | $2,250 | $10,000+ |
| Portsmouth 4 Bedroom Homes for Rent | $11,837 | $3,500 | $10,000+ |
| Portsmouth 5 Bedroom Homes for Rent | $40,750 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Portsmouth
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Portsmouth, RI Local Guide
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Cheapest Available Portsmouth Apartments for Rent
 The cheapest available apartment rental in Portsmouth, RI is a 1 Bed unit found at Ade Bethune House priced from $1,308. Harbor Village in the Middletown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,810. Here is today’s list of the most affordable Portsmouth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ade Bethune House | 1 Bed, 1 bath | 1BR,1BA | $1,308 |
| Harbor Village | The Intrepid | 1BR,1BA | $1,810 |
| East Bay Village | The Newport | 1BR,1BA | $2,095 |
Best Value Apartments for Rent in Portsmouth, RI
As of May 22, 2026 the best value apartment in the Portsmouth area is the $2.80 price per square foot The Newport Model at East Bay Village in the in the Middletown neighborhood starting from $2,095. The second greatest value Portsmouth apartment is the 1 Bed, 1 bath Model at Ade Bethune House starting at $1,308 with a $1.78 price per square foot . 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. |
|---|---|---|---|
| East Bay Village | The Newport | 1BR,1BA | $2.80 |
| Ade Bethune House | 1 Bed, 1 bath | 1BR,1BA | $1.78 |
| Harbor Village | The Intrepid | 1BR,1BA | $2.70 |
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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Portsmouth, RI Rentals by Map
See the most popular apartments and homes in Portsmouth, RI
Frequently Asked Questions about Portsmouth
What type of rentals are currently available in Portsmouth?
There are currently 70 Apartments for Rent in Portsmouth, RI with pricing that ranges from $950 to $5,000. There are also 60 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $1,000 to $80,000.
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 $1,000 to $80,000 with an average monthly rent of $12,602.
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 $1,700 to $2,850, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,250 to $18,000. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $950.
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

From Blue-Collar to Bustling: Discover the Best Affordable Neighborhoods for Renting in Providence
Written by: M. April Tome
I’m April, your ApartmentHomeLiving.com Local Export for Providence, RI. Providence is the capital of Rhode Island. It is a bustling city with a small-town New England vibe.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.