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from $1,174Studio to 3 Bedroom Apartments Available Now
Princeton Pines
1375 Forest AvePortland, ME 04103
Cheap Apartments for Rent in Portland, ME from $800 (28 Rentals)
Search the lowest-cost Apartments available for rent right now in Portland.
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Rent Specials
from $1,600Studio to 1 Bedroom Apartments Available Now
117 Lofts
117 Preble StPortland, ME 04101
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from $1,195Studio to 2 Bedroom Apartments Contact Us For Availability
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 1-28, 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 | $2,030 | $1,174 | $2,450 |
| Cheap Portland 1 Bedroom Apartments | $2,258 | $1,367 | $4,000 |
| Cheap Portland 2 Bedroom Apartments | $2,708 | $1,555 | $5,680 |
| Cheap Portland 3 Bedroom Apartments | $2,976 | $2,175 | $4,400 |
| Cheap Portland 4 Bedroom Apartments | $3,218 | $2,836 | $3,600 |
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: 04/04/2025Current apartment rentals in the Portland, ME area range in price from $1,174 to $5,680 with an overall median price of $3,065. The three Portland neighborhoods with the lowest median rent pricing are Rock Row at $1,174, Riverton at $1,174, and Stroudwater at $2,400. 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 |
|---|---|---|---|
| Rock Row | $2,395 | $1,174 | 6 |
| Riverton | $2,400 | $1,174 | 23 |
| Stroudwater | $2,400 | $2,400 | 1 |
| North Deering | $2,836 | $1,174 | 21 |
| Valley Street | $2,836 | $1,195 | 4 |
| Downtown Portland | $2,900 | $1,174 | 52 |
| City Center | $2,950 | $1,174 | 53 |
| Downtown | $2,950 | $1,174 | 49 |
| East Bayside India Street | $2,950 | $1,174 | 44 |
| Old Port | $2,950 | $1,174 | 44 |
Cheapest Available Portland Apartments for Rent
The cheapest available apartment rental in Portland, ME is a Studio unit found at 117 Lofts in the North Deering neighborhood priced from $1,600. Summit Terrace at Woodland in the Downtown Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,693. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 117 Lofts | Studio | Studio,1BA | $1,600 |
| Summit Terrace at Woodland | Junior One Bedroom Newly Renovated | 1BR,1BA | $1,693 |
| The Linden | One Bedroom | 1BR,1BA | $1,725 |
| Winchester Woods | One Bedroom | 1BR,1BA | $1,750 |
| Redbank Village | The Kennebunk | 1BR,1BA | $1,850 |
| The Armature | Studio Floor Plan A | Studio,1BA | $1,900 |
| The Casco | The Casco - Back Cove | Studio,1BA | $1,925 |
| Liberty Commons | THE KENNEDY | 1BR,1BA | $1,980 |
Best Value Apartments for Rent in Portland, ME
As of April 05, 2025 the best value apartment in the Portland area is the $1.80 price per square foot 17 Whitney Ave Model at 17 Whitney Ave, Unit First Floor in the in the Oakdale neighborhood starting from $3,600. The second greatest value Portland apartment is the 485 Saint John St Model at 485 Saint John St, Unit #1 starting at $2,650 with a $2.04 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. |
|---|---|---|---|
| 17 Whitney Ave, Unit First Floor | 17 Whitney Ave | 4BR,1BA | $1.80 |
| 485 Saint John St, Unit #1 | 485 Saint John St | 2BR,1BA | $2.04 |
| Foreside Estates | The Ellsworth | 2BR,2.5BA | $2.47 |
| 1466 Forest Ave, Unit 1 | 1466 Forest Ave | 3BR,1BA | $2.18 |
| Summit Terrace | 2BR Balcony | 2BR,1BA | $2.32 |
| Blue Spruce Farm Apartments | 2 Bedroom 1 Bath BSF | 2BR,1BA | $2.53 |
| Waterside Apartments | 2 Bedroom 1 Bath Waterside | 2BR,1BA | $2.53 |
| 129 Spring Street - Unit 1, Unit #1 129 Spring St | 129 Spring Street - Unit 1 | 1BR,1BA | $2.33 |
| Liberty Commons | THE KENNEDY | 1BR,1BA | $2.44 |
| 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 117 Lofts listed at $1,600.
How much is rent for a Cheap One Bedroom Portland Apartment?
The lowest price for a Cheap One Bedroom Portland Apartment is $1,693 at Summit Terrace at Woodland.
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 $2,044 at The Linden.
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.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
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.