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Princeton Pines
1375 Forest AvePortland, ME 04103
Cheap Apartments for Rent in the Downtown Neighborhood of Portland, ME from $800 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Portland.
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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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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Showing Results 1-10, 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 | $2,094 | $1,174 | $2,420 |
| Downtown 1 Bedroom Apartments | $2,306 | $1,367 | $3,305 |
| Downtown 2 Bedroom Apartments | $2,614 | $1,727 | $5,480 |
| 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 10 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Portland, ME.
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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 Studio unit found at The Casco priced from $1,951. The Armature has the second lowest priced unit, which is a Studio apartment currently listed from $2,030. Here are the most affordable Downtown apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Casco | The Casco - Back Cove | Studio,1BA | $1,951 |
| The Armature | Studio Floor Plan A | Studio,1BA | $2,030 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $2,162 |
Best Value Apartments for Rent in Downtown, ME
As of May 12, 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 Grant St Model at 3 Grant St, Unit 3 starting at $3,000 with a $3.00 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. |
|---|---|---|---|
| 537 Congress St, Unit 504 | 537 Congress St | 2BR,1BA | $1.24 |
| 3 Grant St, Unit 3 | 3 Grant St | 1BR,1BA | $3.00 |
| Summit Terrace | 2BR Balcony | 2BR,1BA | $2.32 |
| 49 Quebec St, Unit 2 | 49 Quebec St | 2BR,1BA | $2.71 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $3.03 |
| Hiawatha | Hiawatha 1BD Plan P | 1BR,1BA | $4.50 |
| The Armature | Studio Floor Plan A | Studio ,1BA | $4.62 |
| The Casco | The Casco - Bailey Island | Studio ,1BA | $5.43 |
Quick Rent Budget Calculator
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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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 The Casco listed at $1,951.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $2,162 at 645 Congress Apartments.
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 $2,207 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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.
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.