Cheap Homes for Rent in South Portland, ME from $1,300 (11 Rentals)

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

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.

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property at 40 E Grand Ave

40 E Grand Ave

Old Orchard BeachME04064

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-11, Page 1 of 1

South Portland, ME Local Guide

Cheapest Available South Portland Apartments for Rent and Nearby

 

The cheapest available apartment rental in South Portland, ME is a Studio unit found at The Lofts @ 225 priced from $1,695. The Casco in the Downtown Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,951. Here is today’s list of the most affordable South Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The Lofts @ 225StudioStudio,1BA$1,695
The CascoThe Casco - Deer IsleStudio,1BA$1,951
Blue Spruce Farm Apartments1 Bedroom 1 Bath BSF1BR,1BA$1,995
645 Congress Apartments1 Bedroom1BR,1BA$2,162
Redbank VillageThe Willard2BR,1BA$2,170

Best Value Apartments for Rent in South Portland, ME and Nearby

As of June 28, 2025 the best value apartment in the South Portland area is the $2.64 price per square foot 91 Gray St Model at 91 Gray St, Unit 1 in the in the Downtown Portland neighborhood starting from $2,900. The second greatest value South Portland apartment is the The Crescent Model at Redbank Village starting at $2,629 with a $3.19 price per square foot in the Stroudwater neighborhood. Here is today’s list of the best values for South Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
91 Gray St, Unit 191 Gray St2BR,1BA$2.64
Redbank VillageThe Crescent3BR,1BA$3.19
Liberty CommonsTHE KENNEDY1BR,1BA$2.91
Blue Spruce Farm Apartments1 Bedroom 1 Bath BSF1BR,1BA$2.70
645 Congress Apartments1 Bedroom1BR,1BA$3.03
Latitude at South PortlandA61BR,1BA$3.52
The Armature1BD Floor Plan C1BR,1BA$4.99
248 Preble St, Unit #2248 Preble St1BR,1BA$3.33
The CascoThe Casco - Back CoveStudio ,1BA$5.90
The Lofts @ 225StudioStudio ,1BA$5.45

Quick Rent Budget Calculator

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Frequently Asked Questions about South Portland

What type of rentals are currently available in South Portland?

There are currently 579 Apartments for Rent in South Portland, ME with pricing that ranges from $1,195 to $5,580. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Portland ranging from $1,395 to $9,475.

What is the current price range for Rental Homes in South Portland?

Today's rental pricing for Homes for Rent, Condos and Townhomes in South Portland ranges from $1,395 to $9,475 with an average monthly rent of $3,742.

How much are larger Three and Four Bedroom Rentals in South Portland?

For those who are looking for larger living arrangements, Three Bedroom Apartments in South Portland range from $2,175 to $4,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $5,375. Four Bedroom Single-Family rentals are also available starting from $1,675 and Four Bedroom Apartments start at $2,836.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.