
Cheap Homes for Rent in South Portland, ME from $1,600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in South Portland.


280 State St, Unit 2

175 Pine St, Unit 2-H

1 Horton Pl, Unit 1

100 Hardy Rd

77 Gary L Maietta Pky, Unit 105

757 Main St
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.

105 E Grand Ave

48 State St, Unit 21

61 High St

439 Main St

14 Free St

1 Forsythia Ln

17 Elizabeth St
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.
South Portland, ME Local Guide

How much does it cost to rent a home in South Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Portland 2 Bedroom Homes for Rent | $2,937 | $1,600 | $5,750 |
| South Portland 3 Bedroom Homes for Rent | $3,316 | $2,200 | $6,500 |
| South Portland 4 Bedroom Homes for Rent | $3,783 | $2,500 | $4,200 |
| South Portland 5 Bedroom Homes for Rent | $4,750 | $4,500 | $5,000 |
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South Portland, ME Local Guide
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Cheapest Available South Portland Apartments for Rent
 The cheapest available apartment rental in South Portland, ME is a 1 Bed unit found at 645 Congress Apartments in the Downtown Portland neighborhood priced from $1,520. Redbank Village in the South Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,720. Here is today’s list of the most affordable South Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $1,520 |
| Redbank Village | The Kennebunk | 1BR,1BA | $1,720 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $1,850 |
| The Lofts @ 225 | Studio | Studio,1BA | $1,850 |
| 117 Lofts | Studio | Studio,1BA | $1,865 |
Best Value Apartments for Rent in South Portland, ME
As of September 07, 2026 the best value apartment in the South Portland area is the $2.32 price per square foot Market Rate 3 Bedroom Townhome Model at Island View in the in the North Deering neighborhood starting from $4,500. The second greatest value South Portland apartment is the 15 Gay St Model at 15 Gay St, Unit 1st Floor starting at $2,850 with a $2.38 price per square foot in the North Deering neighborhood. Here is today’s list of the best values for South Portland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Island View | Market Rate 3 Bedroom Townhome | 3BR,2BA | $2.32 |
| 15 Gay St, Unit 1st Floor | 15 Gay St | 3BR,1BA | $2.38 |
| Liberty Commons | THE EISENHOWER | 2BR,2BA | $2.52 |
| 5 Valley St, Unit Valley Street | 5 Valley St | 2BR,1BA | $2.24 |
| Foxcroft Apartments, LLC | Swift | 2BR,1.5BA | $2.05 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| Apartments at Blue Spruce Farm | 2 Bedroom 1 Bath BSF | 2BR,1BA | $2.47 |
| Waterside Apartments | 2 Bedroom 1 Bath Waterside | 2BR,1BA | $2.47 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2.31 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $2.18 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
Best Local Schools in South Portland, ME
Dora L Small Elementary School
Daniel F. Mahoney Middle School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore South Portland, ME Rentals by Map
See the most popular apartments and homes in South Portland, ME
Frequently Asked Questions about South Portland
What type of rentals are currently available in South Portland?
There are currently 607 Apartments for Rent in South Portland, ME with pricing that ranges from $1,195 to $4,730. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Portland ranging from $1,600 to $6,500.
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 $1,600 to $6,500 with an average monthly rent of $3,068.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.