Cheap Homes for Rent in South Portland, ME from $1,500 (12 Rentals)

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property at 397 Alfred Rd

397 Alfred Rd

BiddefordME04005

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.

property at 40 E Grand Ave

40 E Grand Ave

Old Orchard BeachME04064

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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 Rumery Lofts in the North Deering neighborhood priced from $1,750. JM Real Estate Portland Rentals in the Downtown Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,800. Here is today’s list of the most affordable South Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Rumery LoftsStudioStudio,1BA$1,750
JM Real Estate Portland Rentals1006 Congress Unit 41BR,1BA$1,800
The CascoThe Casco - Back BayStudio,1BA$1,951
Island View1 Bedroom Island View1BR,1BA$1,995
645 Congress Apartments1 Bedroom1BR,1BA$2,162

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

As of July 31, 2025 the best value apartment in the South Portland area is the $1.84 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 THE ROOSEVELT DELUXE Model at Liberty Commons starting at $3,049 with a $2.09 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.
81 Granite St, Unit 83 Granite #281 Granite St4BR,1BA$1.84
Liberty CommonsTHE ROOSEVELT DELUXE3BR,2BA$2.09
120 Brackett St, Unit 1120 Brackett St3BR,1BA$2.02
Back Bay Tower3 Bed 2 Bath3BR,2BA$2.32
91 Gray St, Unit 191 Gray St2BR,1BA$2.64
Redbank VillageThe Willard2BR,1BA$2.99
Island View1 Bedroom Island View1BR,1BA$2.70
645 Congress Apartments1 Bedroom1BR,1BA$3.03
HiawathaHiawatha 1BD Plan H1BR,1BA$3.66
248 Preble St, Unit #2248 Preble St1BR,1BA$3.33

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Frequently Asked Questions about South Portland

What type of rentals are currently available in South Portland?

There are currently 589 Apartments for Rent in South Portland, ME with pricing that ranges from $1,195 to $5,580. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in South Portland ranging from $1,550 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 $1,550 to $17,500 with an average monthly rent of $3,634.

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 $3,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $17,500. Four Bedroom Single-Family rentals are also available starting from $3,600 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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.

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

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.