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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 the Downtown Neighborhood of Portland, ME from $800 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Portland.
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from $1,4031 to 2 Bedroom Apartments Available May 17
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 to 4 Bedroom Apartments Available Now
The Linden
132 Marginal WayPortland, ME 04101
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from $1,600Studio to 1 Bedroom Apartments Available Now
117 Lofts
117 Preble StPortland, ME 04101
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Showing Results 1-15, Page 1 of 1
Downtown, Portland, ME Local Guide
How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $2,004 | $1,174 | $2,450 |
| Downtown 1 Bedroom Apartments | $2,304 | $1,367 | $4,000 |
| Downtown 2 Bedroom Apartments | $2,646 | $1,789 | $5,680 |
| Downtown 3 Bedroom Apartments | $3,250 | $2,175 | $4,400 |
| Downtown 4 Bedroom Apartments | $2,836 | $2,836 | $2,836 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Portland, ME.
See all Apartments in PortlandExplore Portland
Downtown, Portland, ME Local Guide
- Nearby Portland neighborhoods
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Portland, ME is a Studio unit found at 645 Congress Apartments priced from $1,425. The Linden has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,500. Here are the most affordable Downtown apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 645 Congress Apartments | Studio | Studio,1BA | $1,425 |
| The Linden | One Bedroom | 1BR,1BA | $1,500 |
| Summit Terrace at Woodland | Junior One Bedroom Newly Renovated | 1BR,1BA | $1,693 |
| Winchester Woods | One Bedroom | 1BR,1BA | $1,750 |
| The Armature | Studio Floor Plan A | Studio,1BA | $1,900 |
Best Value Apartments for Rent in Downtown, ME
As of March 25, 2025 the best value apartment in the Downtown area is the $2.52 price per square foot 3 Bed 2 Bath Model at Back Bay Tower in the in the Downtown Portland neighborhood starting from $2,950. The second greatest value Downtown apartment is the 3 Grant St Model at 3 Grant St, Unit 3 starting at $4,000 with a $4.00 price per square foot in the Downtown Portland neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Back Bay Tower | 3 Bed 2 Bath | 3BR,2BA | $2.52 |
| 3 Grant St, Unit 3 | 3 Grant St | 1BR,1BA | $4.00 |
| Summit Terrace | 2BR Balcony | 2BR,1BA | $2.32 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| 29 Turner St, Unit 2 | 29 Turner St | 1BR,1BA | $2.21 |
| 14 Quebec St, Unit 3 | 14 Quebec St | 2BR,1BA | $3.21 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $3.18 |
| The Linden | Two Bedroom | 2BR,1BA | $3.14 |
| 117 Lofts | 1 Bedroom | 1BR,1BA | $3.80 |
| Summit Terrace at Woodland | Junior One Bedroom Newly Renovated | 1BR,1BA | $3.63 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleDowntown, Portland, ME
Ranked #11
Among neighborhoods in Portland, ME for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Apartments
What is the Cheapest Studio apartment in Downtown?
Currently the most affordable Cheap Studio Apartment in Downtown is at 645 Congress Apartments listed at $1,425.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $1,500 at The Linden.
What is the lowest price for a Cheap Two Bedroom Downtown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $2,000 at Back Bay Tower.
What is the most affordable Downtown Three Bedroom Apartment?
The best deal on a cheap Downtown 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.
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.