15 St Marys St
BiddefordME04005
Cheap Homes for Rent in Portland, ME from $1,200 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Portland.
101 Preble St
South PortlandME04106
128 Alfred Rd
BiddefordME04005
25 Foss St
BiddefordME04005
46 E Grand Ave
Old Orchard BeachME04064
28 Bacon St
BiddefordME04005
3 Louwine Way
WestbrookME04092
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Portland, ME Local Guide
How much does it cost to rent a home in Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Portland 2 Bedroom Homes for Rent | $3,354 | $1,675 | $9,775 |
| Portland 3 Bedroom Homes for Rent | $5,482 | $2,200 | $10,000+ |
| Portland 4 Bedroom Homes for Rent | $6,528 | $2,400 | $10,000+ |
Browse Top Homes for Rent in Portland
Explore Portland
Portland, ME Local Guide
- Portland Neighborhoods
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Cheapest Neighborhoods for Apartments in Portland, ME
Pricing Updated: 03/25/2025Current apartment rentals in the Portland, ME area range in price from $1,174 to $5,680 with an overall median price of $3,097. The three Portland neighborhoods with the lowest median rent pricing are Rock Row at $1,174, Stroudwater at $2,400, and Riverton at $1,174. 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 |
|---|---|---|---|
| Rock Row | $2,395 | $1,174 | 1023 |
| Stroudwater | $2,400 | $2,400 | 12 |
| Riverton | $2,600 | $1,174 | 3549 |
| Valley Street | $2,662 | $1,425 | 520 |
| North Deering | $2,725 | $1,174 | 3428 |
| Downtown Portland | $2,900 | $1,174 | 9884 |
| West Bayside | $2,910 | $1,200 | 10359 |
| City Center | $2,935 | $1,174 | 10382 |
| Parkside | $2,935 | $1,174 | 11574 |
| West End | $2,935 | $1,403 | 11572 |
Cheapest Available Portland Apartments for Rent and Nearby
The cheapest available apartment rental in Portland, ME is a Studio unit found at 645 Congress Apartments in the Downtown Portland neighborhood priced from $1,425. The Linden in the North Deering neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,500. Here is today’s list of the most affordable Portland apartments for rent:
| 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 |
Best Value Apartments for Rent in Portland, ME and Nearby
As of March 25, 2025 the best value apartment in the Portland area is the $0.32 price per square foot 280 State St Model at 280 State St, Unit #4 - Basement in the in the Downtown Portland neighborhood starting from $1,800. The second greatest value 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 Portland apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 280 State St, Unit #4 - Basement | 280 State St | 2BR,1BA | $0.32 |
| Back Bay Tower | 3 Bed 2 Bath | 3BR,2BA | $2.52 |
| Princeton Pines | 3 Bedroom Townhouse | 3BR,1.5BA | $2.54 |
| 1466 Forest Ave, Unit 1 | 1466 Forest Ave | 3BR,1BA | $2.36 |
| Summit Terrace | 2BR Balcony | 2BR,1BA | $2.32 |
| Blue Spruce Farm Apartments | 2 Bedroom 1 Bath BSF | 2BR,1BA | $2.53 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| Liberty Commons | THE KENNEDY | 1BR,1BA | $2.44 |
| 29 Turner St, Unit 2 | 29 Turner St | 1BR,1BA | $2.21 |
| Waterside Apartments | 1 Bedroom 1 Bath Waterside | 1BR,1BA | $2.70 |
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Frequently Asked Questions about Portland
What type of rentals are currently available in Portland?
There are currently 662 Apartments for Rent in Portland, ME with pricing that ranges from $1,174 to $5,680. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portland ranging from $1,225 to $18,500.
What is the current price range for Rental Homes in Portland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Portland ranges from $1,225 to $18,500 with an average monthly rent of $4,343.
How much are larger Three and Four Bedroom Rentals in Portland?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Portland range from $2,175 to $4,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $18,500. Four Bedroom Single-Family rentals are also available starting from $2,400 and Four Bedroom Apartments start at $2,836.
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.