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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 $300 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Portland.
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from $1,4031 to 2 Bedroom Apartments Contact Us For Availability
Princeton on Back Cove
100 Forest ParkPortland, ME 04101
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Rent Specials
from $1,600Studio to 1 Bedroom Apartments Available May 9
117 Lofts
117 Preble StPortland, ME 04101
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from $1,6001 Bedroom Apartment Available Apr 30
92 Danforth St, Unit 3.0
92 Danforth StPortland, ME 04101
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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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 1-26, 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 | $2,087 | $1,174 | $3,162 |
| Cheap Portland 1 Bedroom Apartments | $2,257 | $1,367 | $4,000 |
| Cheap Portland 2 Bedroom Apartments | $2,554 | $300 | $5,680 |
| Cheap Portland 3 Bedroom Apartments | $3,132 | $2,175 | $4,400 |
| Cheap Portland 4 Bedroom Apartments | $2,836 | $2,836 | $2,836 |
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: 04/26/2025Current apartment rentals in the Portland, ME area range in price from $300 to $5,680 with an overall median price of $2,822. The three Portland neighborhoods with the lowest median rent pricing are Libbytown at $1,195, West Bayside at $1,403, and West End at $1,403. 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 |
|---|---|---|---|
| Libbytown | $2,775 | $1,195 | 54 |
| West Bayside | $2,775 | $1,403 | 45 |
| West End | $2,775 | $1,403 | 47 |
| West Portland | $2,775 | $1,403 | 55 |
| City Center | $2,793 | $1,174 | 37 |
| Deering Center | $2,793 | $1,174 | 49 |
| Nasons Corner | $2,793 | $1,174 | 17 |
| Parkside | $2,793 | $1,174 | 47 |
| Riverton | $2,793 | $1,174 | 13 |
| Rosemont | $2,793 | $1,174 | 49 |
Cheapest Available Portland Apartments for Rent
The cheapest available apartment rental in Portland, ME is a 1 Bed unit found at Redbank Village in the Oakdale neighborhood priced from $1,800. The Linden in the North Deering neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,824. Here is today’s list of the most affordable Portland apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Redbank Village | The Kennebunk | 1BR,1BA | $1,800 |
| The Linden | One Bedroom | 1BR,1BA | $1,824 |
| The Casco | The Casco - Back Cove | Studio,1BA | $1,951 |
| Summit Terrace at Woodland | Junior One Bedroom Newly Renovated | 1BR,1BA | $1,975 |
| Blue Spruce Farm Apartments | 1 Bedroom 1 Bath BSF | 1BR,1BA | $1,995 |
| Waterside Apartments | 1 Bedroom 1 Bath Waterside | 1BR,1BA | $1,995 |
| Island View | 1 Bedroom Island View | 1BR,1BA | $1,995 |
| Autumn Woods Apartments | 1 Bedroom Autumn Woods | 1BR,1BA | $1,995 |
Best Value Apartments for Rent in Portland, ME
As of April 26, 2025 the best value apartment in the Portland area is the $1.24 price per square foot 537 Congress St Model at 537 Congress St, Unit 504 in the in the Downtown Portland neighborhood starting from $3,925. The second greatest value Portland apartment is the The Dayton Model at Foreside Estates starting at $2,600 with a $1.76 price per square foot in the North Deering 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. |
|---|---|---|---|
| 537 Congress St, Unit 504 | 537 Congress St | 2BR,1BA | $1.24 |
| Foreside Estates | The Dayton | 2BR,2BA | $1.76 |
| 65 Stroudwater St, Unit 2 | 65 Stroudwater St | 2BR,1BA | $1.70 |
| Summit Terrace | 2BR Balcony | 2BR,1BA | $2.32 |
| Cumberland Woods Apartments | 2BD1BA | 2BR,1BA | $2.53 |
| Blue Spruce Farm Apartments | 1 Bedroom 1 Bath BSF | 1BR,1BA | $2.70 |
| Waterside Apartments | 1 Bedroom 1 Bath Waterside | 1BR,1BA | $2.70 |
| Island View | 1 Bedroom Island View | 1BR,1BA | $2.70 |
| Autumn Woods Apartments | 1 Bedroom Autumn Woods | 1BR,1BA | $2.70 |
| 61 D St, Unit #2 | 61 D St | 1BR,1BA | $2.51 |
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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 The Casco listed at $1,951.
How much is rent for a Cheap One Bedroom Portland Apartment?
The lowest price for a Cheap One Bedroom Portland Apartment is $1,800 at Redbank Village.
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 $2,207 at Summit Terrace.
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.
Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
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.