2207 E 9th St
MuncieIN47302
Cheap Homes for Rent in Portland, IN from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in Portland.
125 W Chestnut St
Union CityIN47390
302 W Van Cleve St
Hartford CityIN47348
705 N Walnut St
Hartford CityIN47348
1920 N Wolfe St
MuncieIN47303
120 Arlington Ave
DunkirkIN47336
6307 E Piccadilly Rd
MuncieIN47303
104 W High St
PortlandIN47371
208 Sunset Dr
WinchesterIN47394
781 E Washington St
WinchesterIN47394
Showing Results 1-10, Page 1 of 1
Portland, IN Local Guide
Jay County Courthouse in Portland by Chris Light is licensed under CC BY-SA 3.0
How much does it cost to rent a home in Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portland 2 Bedroom Homes for Rent | $973 | $777 | $1,300 |
| Portland 3 Bedroom Homes for Rent | $3,859 | $750 | $10,000+ |
| Portland 4 Bedroom Homes for Rent | $1,395 | $1,395 | $1,395 |
| Portland 5 Bedroom Homes for Rent | $1,995 | $1,995 | $1,995 |
Browse Top Homes for Rent in Portland
Explore Portland
Portland, IN Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Portland Apartments for Rent and Nearby
The cheapest available apartment rental in Portland, IN is a 2 Beds unit found at Historic Gallatin Square priced from $357. University Village in the Westacres neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $385. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Historic Gallatin Square | Two Bedroom | 2BR,1BA | $357 |
| University Village | 4BD/2BA Unfurnished Premium | 4BR,2BA | $385 |
| The Haven | 4x4 | 4BR,4BA | $510 |
Best Value Apartments for Rent in Portland, IN and Nearby
As of March 22, 2025 the best value apartment in the Portland area is the $0.62 price per square foot 2BD/2BA Furnished Premium Model at University Village in the in the Westacres neighborhood starting from $809. The second greatest value Portland apartment is the 2BR/1.0BA Model at Granton Place Apartments starting at $850 with a $0.73 price per square foot . Here is today’s list of the best values for Portland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| University Village | 2BD/2BA Furnished Premium | 2BR,2BA | $0.62 |
| Granton Place Apartments | 2BR/1.0BA | 2BR,1BA | $0.73 |
| Woods Edge | 2x1 | 2BR,1BA | $0.94 |
| FIELDCREST APARTMENTS | 2 bedroom | 2BR,1BA | $0.88 |
| The Latitude | 2 Bed 2 Bath Apartment - Premium | 2BR,2BA | $1.09 |
| Yugo Muncie Varsity House | 2 Bed, 2 Bath Renovated | 2BR,2BA | $0.88 |
| 6301 W Kilgore Ave | 1 Bed, 1 Bath | 1BR,1BA | $1.18 |
| Apple Glen | 1 Bedroom Unit | 1BR,1BA | $0.85 |
| River Landing Apartments | 1 Bed, 1 bath | 1BR,1BA | $1.21 |
| Historic Gallatin Square | One Bedroom | 1BR,1BA | $0.71 |
Quick 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.
Let everyone know!
Do you know the Portland area?
If you’re an expert on all things Portland, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Portland
What type of rentals are currently available in Portland?
There are currently 47 Apartments for Rent in Portland, IN with pricing that ranges from $357 to $1,800. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $525 to $21,950.
What is the current price range for Rental Homes in Portland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Portland ranges from $525 to $21,950 with an average monthly rent of $1,779.
How much are larger Three and Four Bedroom Rentals in Portland?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Portland range from $539 to $1,433, while Three Bedroom Homes, Condos, and Townhomes for rent range from $750 to $21,950. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $385.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.
How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.