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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 Neighborhood of Portland, ME from $800 (14 Rentals)
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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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from $1,600Studio to 1 Bedroom Apartments Available Jun 6
117 Lofts
117 Preble StPortland, ME 04101
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Showing Results 1-14, 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 | $2,076 | $1,174 | $2,510 |
| Downtown 1 Bedroom Apartments | $2,395 | $1,367 | $4,000 |
| Downtown 2 Bedroom Apartments | $2,705 | $1,555 | $5,680 |
| Downtown 3 Bedroom Apartments | $3,342 | $2,175 | $4,400 |
| Downtown 4 Bedroom Apartments | $2,836 | $2,836 | $2,836 |
Browse Apartments in this Neighborhood
There are currently 14 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
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Portland, ME is a 1 Bed unit found at Winchester Woods priced from $1,750. The Linden has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,795. Here are the most affordable Downtown apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Winchester Woods | One Bedroom | 1BR,1BA | $1,750 |
| The Linden | One Bedroom | 1BR,1BA | $1,795 |
| The Armature | Studio Floor Plan A | Studio,1BA | $1,900 |
| The Casco | The Casco - Little Diamond Island | Studio,1BA | $1,947 |
| Summit Terrace at Woodland | Junior One Bedroom Newly Renovated | 1BR,1BA | $1,975 |
Best Value Apartments for Rent in Downtown, ME
As of April 13, 2025 the best value apartment in the Downtown 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 Downtown apartment is the 3 Bedroom Townhouse Model at Princeton Pines starting at $2,793 with a $2.54 price per square foot in the North Deering 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. |
|---|---|---|---|
| 537 Congress St, Unit 504 | 537 Congress St | 2BR,1BA | $1.24 |
| Princeton Pines | 3 Bedroom Townhouse | 3BR,1.5BA | $2.54 |
| Summit Terrace | 2BR Balcony | 2BR,1BA | $2.32 |
| Back Bay Tower | 2 Bed 1 Bath | 2BR,1BA | $2.31 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| 49 Quebec St, Unit 2 | 49 Quebec St | 2BR,1BA | $2.71 |
| 129 Spring Street - Unit 1, Unit #1 129 Spring St | 129 Spring Street - Unit 1 | 1BR,1BA | $2.33 |
| 29 Turner St, Unit 2 | 29 Turner St | 1BR,1BA | $2.21 |
| 8 Quebec St, Unit 4 | 8 Quebec St | 2BR,1BA | $2.77 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $3.03 |
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Pet Friendly LifestyleDowntown, Portland, ME
Ranked #10
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 The Armature listed at $1,900.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $1,750 at Winchester Woods.
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 $2,100 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.