Cheap Apartments for Rent in Portland, NY from $500 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in Portland.

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Portland, NY Local Guide

Cheapest Available Portland Apartments for Rent and Nearby

 

The cheapest available apartment rental in Portland, NY is a 1 Bed unit found at Willow Commons Apartments in the East Suburban Erie neighborhood priced from $538. University Gate in the East Suburban Erie neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $620. Here is today’s list of the most affordable Portland apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Willow Commons ApartmentsOne Bedroom1BR,1BA$538
University Gate4 Bed Upgraded4BR,2BA$620
Fairmount Hills Apartments1 Bedroom, 1 Bathroom1BR,1BA$675
Wellman Building1 Bed, 1 bath1BR,1BA$700
Lighthouse Apartments1 bedroom1BR,1BA$750
The Meadows1 bedroom1BR,1BA$750
Maple Lane Apartments1 Bed, 1 bath1BR,1BA$800
Laurel Springs ApartmentsStudio Apartments with Walk-in Shower - 378Studio,1BA$825
Cider Mill ApartmentsSpacious 1 BD 1 BA 041BR,1BA$850
Northview Heights ApartmentsOne Bedroom1BR,1BA$850

Best Value Apartments for Rent in Portland, NY and Nearby

As of March 26, 2025 the best value apartment in the Portland area is the $0.94 price per square foot Three Bedroom Townhome - A Model at Granite Ridge Apartments in the starting from $1,225. The second greatest value Portland apartment is the 3BR/1BA by bedroom Model at Park Place Collegiate Housing starting at $763 with a $0.66 price per square foot . Here is today’s list of the best values for Portland apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Granite Ridge ApartmentsThree Bedroom Townhome - A3BR,1.5BA$0.94
Park Place Collegiate Housing3BR/1BA by bedroom3BR,1BA$0.66
University Gate3 Bed upgraded3BR,2BA$0.62
Willow Commons ApartmentsOne Bedroom1BR,1BA$0.60
The Meadows2 bedroom2BR,1BA$1.18
Maple Lane Apartments1 Bed, 1 bath1BR,1BA$1.21
Fairmount Hills Apartments1 Bedroom, 1 Bathroom1BR,1BA$1.04
Northview Heights ApartmentsOne Bedroom1BR,1BA$1.31
Lighthouse Apartments1 bedroom1BR,1BA$1.15
Wellman Building1 Bed, 1 bath1BR,1BA$1.35

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Getting Around Portland, NY

Walk Score®

5 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

23 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Portland Apartments

What is the Cheapest Studio apartment in Portland?

Currently the most affordable Cheap Studio Apartment in Portland is at Laurel Springs Apartments listed at $825.

How much is rent for a Cheap One Bedroom Portland Apartment?

The lowest price for a Cheap One Bedroom Portland Apartment is $538 at Willow Commons Apartments.

What is the lowest price for a Cheap Two Bedroom Portland Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Portland is starting from $670 at University Gate.

What is the most affordable Portland Three Bedroom Apartment?

The best deal on a cheap Portland Three Bedroom Apartment rental is at University Gate and starts from $630.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

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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.

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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.

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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.