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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 the Downtown Portland Neighborhood of Portland, ME from $800 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Portland area of Portland.
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from $1,4031 to 2 Bedroom Apartments Available May 10
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 Now
92 Danforth St, Unit 3.0
92 Danforth StPortland, ME 04101
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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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Rent Specials
from $1,6931 to 2 Bedroom Apartments Available Now
Summit Terrace at Woodland
60 Woodland RdCape Elizabeth, ME 04107
Showing Results 1-18, Page 1 of 1
Downtown Portland, Portland, ME Local Guide
How much does it cost to rent an apartment in Downtown Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Portland Studio Apartments | $1,932 | $1,174 | $2,290 |
| Downtown Portland 1 Bedroom Apartments | $2,233 | $1,367 | $3,950 |
| Downtown Portland 2 Bedroom Apartments | $2,640 | $1,800 | $5,680 |
| Downtown Portland 3 Bedroom Apartments | $3,256 | $2,500 | $4,400 |
| Downtown Portland 4 Bedroom Apartments | $3,412 | $3,200 | $3,625 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Downtown Portland Neighborhood of Portland, ME.
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Downtown Portland, Portland, ME Local Guide
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Cheapest Available Downtown Portland Apartments for Rent
The cheapest available apartment rental in the Downtown Portland area of Portland, ME is a Studio unit found at Bayview Court priced from $1,381. 645 Congress Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,425. Here are the most affordable Downtown Portland apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bayview Court | Studio | Studio,1BA | $1,381 |
| 645 Congress Apartments | Studio | Studio,1BA | $1,425 |
| Old Port Arms | 1 Bedroom 1 Bath | 1BR,1BA | $1,476 |
| Summit Terrace at Woodland | Junior One Bedroom Newly Renovated | 1BR,1BA | $1,693 |
| The Linden | One Bedroom | 1BR,1BA | $1,725 |
Best Value Apartments for Rent in Downtown Portland, ME
As of March 09, 2025 the best value apartment in the Downtown Portland area is the $2.16 price per square foot 482 Congress St Model at 482 Congress St, Unit 305 in the in the Downtown Portland neighborhood starting from $2,995. The second greatest value Downtown Portland apartment is the 3 Bed 2 Bath Model at Back Bay Tower starting at $2,950 with a $2.52 price per square foot in the Downtown Portland neighborhood. Here is today’s list of the best values for Downtown Portland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 482 Congress St, Unit 305 | 482 Congress St | 1BR,1.5BA | $2.16 |
| Back Bay Tower | 3 Bed 2 Bath | 3BR,2BA | $2.52 |
| Princeton Pines | 3 Bedroom Townhouse | 3BR,1.5BA | $2.54 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| Summit Terrace | 2 Bedroom | 2BR,1BA | $2.38 |
| 29 Turner St, Unit 2 | 29 Turner St | 1BR,1BA | $2.21 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $3.18 |
| The Linden | Two Bedroom | 2BR,1BA | $3.14 |
| 92 Danforth St, Unit 3.0 | 92 Danforth St | 1BR,1BA | $3.00 |
| Old Port Arms | 1 Bedroom 1 Bath | 1BR,1BA | $2.95 |
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Pet Friendly LifestyleDowntown Portland, Portland, ME
Ranked #19
Among neighborhoods in Portland, ME for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Portland, Portland, ME
School data provided by Great Schools
Best Local Schools in Downtown Portland, Portland, ME
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Portland, Maine. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, pet-friendly features, places that make kids happy, proximity to transit, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Portland Apartments
What is the Cheapest Studio apartment in Downtown Portland?
Currently the most affordable Cheap Studio Apartment in Downtown Portland is at Bayview Court listed at $1,381.
How much is rent for a Cheap One Bedroom Downtown Portland Apartment?
The lowest price for a Cheap One Bedroom Downtown Portland Apartment is $1,476 at Old Port Arms.
What is the lowest price for a Cheap Two Bedroom Downtown Portland Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Portland is starting from $2,100 at The Linden.
What is the most affordable Downtown Portland Three Bedroom Apartment?
The best deal on a cheap Downtown Portland Three Bedroom Apartment rental is at Back Bay Tower and starts from $2,950.
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.