Cheap Homes for Rent in South Portland, ME from $1,300 (7 Rentals)

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property at 40 E Grand Ave

40 E Grand Ave

Old Orchard BeachME04064

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.

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.

South Portland, ME Local Guide

Cheapest Available South Portland Apartments for Rent

 

The cheapest available apartment rental in South Portland, ME is a 1 Bed unit found at The Linden in the Downtown Portland neighborhood priced from $1,722. Redbank Village in the Stroudwater neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,759. Here is today’s list of the most affordable South Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
The LindenOne Bedroom1BR,1BA$1,722
Redbank VillageThe Kennebunk1BR,1BA$1,759
Rumery LoftsTwo Bedroom Workforce Housing2BR,1BA$1,917

Best Value Apartments for Rent in South Portland, ME

As of September 16, 2025 the best value apartment in the South Portland area is the $1.40 price per square foot 81 Granite St Model at 81 Granite St, Unit 83 Granite #2 in the in the Downtown Portland neighborhood starting from $3,495. The second greatest value South Portland apartment is the Three Bedroom Townhouse Model at Island View Apartments starting at $2,950 with a $1.52 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 ListingModel NameBed/BathPrice Per Sq.Ft.
81 Granite St, Unit 83 Granite #281 Granite St4BR,1BA$1.40
Island View ApartmentsThree Bedroom Townhouse3BR,2BA$1.52
83 Dartmouth St, Unit 79#2 - Second Floor83 Dartmouth St3BR,1BA$1.62
Liberty CommonsTHE ROOSEVELT DELUXE3BR,2BA$2.14
Plaza 152B2B2BR,2BA$2.14
2 Cottage Ln, Unit 12 Cottage Ln2BR,1BA$2.16
7 Grasmere Rd, Unit 27 Grasmere Rd2BR,1BA$1.58
248 Valley St, Unit #1248 Valley St2BR,1BA$1.86
432 Fore St, Unit 3A432 Fore St1BR,1BA$2.24
1455 Congress St, Unit 11455 Congress St2BR,1BA$2.25

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about South Portland

What type of rentals are currently available in South Portland?

There are currently 594 Apartments for Rent in South Portland, ME with pricing that ranges from $1,195 to $5,580. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Portland ranging from $1,325 to $17,500.

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 $1,325 to $17,500 with an average monthly rent of $3,335.

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 $4,300, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,650 to $17,500. Four Bedroom Single-Family rentals are also available starting from $3,400 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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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.