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from $1,174Studio to 3 Bedroom Apartments Contact Us For Availability
Princeton Pines
1375 Forest AvePortland, ME 04103
Cheap Apartments for Rent in Portland, ME from $800 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Portland.
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from $1,2751 Bedroom Apartment Available Mar 1
101 Dartmouth St, Unit 3
101 Dartmouth StPortland, ME 04103
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Rent Specials
from $1,381Studio to 1 Bedroom Apartments Available Now
Bayview Court
335 ForestPortland, ME 04101
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from $1,4031 to 2 Bedroom Apartments Available Mar 22
Princeton on Back Cove
100 Forest ParkPortland, ME 04101
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from $1,425Studio to 1 Bedroom Apartments Available Now
645 Congress Apartments
645 Congress StPortland, ME 04101
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from $1,5001 Bedroom Apartment Available Feb 23
92 Danforth St, Unit 3.0
92 Danforth StPortland, ME 04101
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Studio to 2 Bedroom Apartments
Olde English Village Apartments
503 Westbrook StSouth Portland, ME 04106
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Studio to 1 Bedroom Apartments
Plummer Senior Living - Newly renovated
192 Middle RdFalmouth, ME 04105
Showing Results 1-25, Page 1 of 1
Portland, ME Local Guide
How much does it cost to rent an apartment in Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Portland Studio Apartments | $1,679 | $1,174 | $2,025 |
| Cheap Portland 1 Bedroom Apartments | $2,025 | $1,250 | $3,950 |
| Cheap Portland 2 Bedroom Apartments | $2,416 | $1,700 | $5,680 |
| Cheap Portland 3 Bedroom Apartments | $2,797 | $1,980 | $4,400 |
| Cheap Portland 4 Bedroom Apartments | $3,425 | $3,425 | $3,425 |
Browse Top Apartments in Portland
See all Apartments in PortlandExplore Portland
Portland, ME Local Guide
Written By:
Staff Writer Local Guide Expert
- Portland Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Portland, ME
Pricing Updated: 02/22/2025Current apartment rentals in the Portland, ME area range in price from $1,174 to $5,680 with an overall median price of $3,361. The three Portland neighborhoods with the lowest median rent pricing are Valley Street at $1,250, Rock Row at $1,174, and Back Cove at $1,174. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Portland Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Valley Street | $2,662 | $1,250 | 2137 |
| Rock Row | $2,793 | $1,174 | 2517 |
| Back Cove | $3,425 | $1,174 | 11035 |
| City Center | $3,425 | $1,174 | 10030 |
| Deering Center | $3,425 | $1,174 | 12130 |
| Downtown | $3,425 | $1,174 | 8988 |
| Downtown Portland | $3,425 | $1,174 | 9333 |
| East Bayside India Street | $3,425 | $1,174 | 7133 |
| East Deering | $3,425 | $1,174 | 8435 |
| East End | $3,425 | $1,174 | 7643 |
Cheapest Available Portland Apartments for Rent
The cheapest available apartment rental in Portland, ME is a Studio unit found at Bayview Court in the North Deering neighborhood priced from $1,381. 645 Congress Apartments in the Downtown Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,425. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bayview Court | Studio | Studio,1BA | $1,381 |
| 645 Congress Apartments | Studio | Studio,1BA | $1,425 |
| 117 Lofts | Studio with Loft | Studio,1BA | $1,554 |
| Summit Terrace at Woodland | Junior One Bedroom Newly Renovated | 1BR,1BA | $1,693 |
| Redbank Village | The Kennebunk | 1BR,1BA | $1,705 |
Best Value Apartments for Rent in Portland, ME
As of February 22, 2025 the best value apartment in the Portland area is the $1.72 price per square foot 42A Myrtle St Model at 42A Myrtle St, Unit First Floor in the in the Cumberland Mills neighborhood starting from $2,795. The second greatest value Portland apartment is the 482 Congress St Model at 482 Congress St, Unit 306 starting at $2,912 with a $2.29 price per square foot in the Downtown Portland neighborhood. 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. |
|---|---|---|---|
| 42A Myrtle St, Unit First Floor | 42A Myrtle St | 3BR,1BA | $1.72 |
| 482 Congress St, Unit 306 | 482 Congress St | 1BR,2BA | $2.29 |
| 121 Bay St, Unit Ext Apt 5 | 121 Bay St | 2BR,2BA | $2.21 |
| 16 Alba Street, Unit 16 | 16 Alba Street | 3BR,1BA | $1.80 |
| Foreside Estates | The Ellsworth | 2BR,2.5BA | $2.34 |
| 42 Garfield St, Unit #2 | 42 Garfield St | 2BR,1BA | $1.83 |
| 12 Angell Ave, Unit #1 | 12 Angell Ave | 2BR,1BA | $2.30 |
| Island View Apartments | Two Bedroom | 2BR,1BA | $2.25 |
| Summit Terrace | 2BR Balcony | 2BR,1BA | $2.32 |
| 29 Turner St, Unit 2 | 29 Turner St | 1BR,1BA | $2.21 |
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Portland Overview
Many areas of Maine are quaint or rural. Portland is quite the opposite since a third of Maine’s population lives in the city and its suburbs. With that many people, there’s plenty to do from sporting events to your pick of hundreds of restaurants to enjoy. You’re sure to have numerous options when choosing from the many Portland apartments available.
Why live in Portland, ME?
Portland, Maine is a truly unique coastal city with a rarely-eclipsed heritage. The chances are good that you won’t be at a shortage for employment since the city’s unemployment rate is lower than what is typical for US cities. This’ll allow you to enjoy virtually any restaurant you could imagine with a great pick of fresh-caught seafood. Speaking of the sea, you’ll be able to go fishing, drop by the beach for a walk, or go out on the big water. You’ll also enjoy exploring a host of centuries-old buildings in the city.
Best Local Schools in Portland, ME
Harrison Lyseth Elementary School
Portland Public Schools
Public School - Grades PK-5 (496)
5 out of 10
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Portland, ME Rentals by Map
See the most popular apartments and homes in Portland, ME
Portland, ME Apartments MapPortland, ME Rental Homes MapGetting Around Portland, ME
Walk Score®
77 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
73 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
44 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Portland Apartments
What is the Cheapest Studio apartment in Portland?
Currently the most affordable Cheap Studio Apartment in Portland is at Bayview Court listed at $1,381.
How much is rent for a Cheap One Bedroom Portland Apartment?
The lowest price for a Cheap One Bedroom Portland Apartment is $1,560 at Bayview Court.
What is the lowest price for a Cheap Two Bedroom Portland Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Portland is starting from $1,720 at Redbank Village.
What is the most affordable Portland Three Bedroom Apartment?
The best deal on a cheap Portland Three Bedroom Apartment rental is at Liberty Commons and starts from $2,860.
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.
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.
Signing Your Apartment Lease: The Basics
Written by: Trey Huguley
When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.