
Cheap Apartments for Rent in Portsmouth, NH from $1,200 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in Portsmouth.


Osprey Landing

24 Monarch Wy

488 Portsmouth Ave
Portsmouth, NH Local Guide

How much does it cost to rent an apartment in Portsmouth?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Portsmouth Studio Apartments | $2,203 | $1,210 | $3,195 |
Cheap Portsmouth 1 Bedroom Apartments | $2,592 | $1,240 | $3,625 |
Cheap Portsmouth 2 Bedroom Apartments | $3,100 | $1,440 | $3,845 |
Cheap Portsmouth 3 Bedroom Apartments | $3,526 | $2,225 | $4,400 |
Cheap Portsmouth 4 Bedroom Apartments | $2,450 | $2,450 | $2,450 |
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Portsmouth, NH Local Guide
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Cheapest Neighborhoods for Apartments in Portsmouth, NH
Pricing Updated: 04/13/2025Current apartment rentals in the Portsmouth, NH area range in price from $1,050 to $4,400 with an overall median price of $3,642. The three Portsmouth neighborhoods with the lowest median rent pricing are Hillcrest at $1,210, New Hampshire Beaches at $1,050, and Portsmouth Plains at $1,210. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Portsmouth Apartments for rent:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
Hillcrest | $3,500 | $1,210 | 17 |
New Hampshire Beaches | $3,500 | $1,050 | 86 |
Portsmouth Plains | $3,500 | $1,210 | 15 |
Strawberry Banke | $3,600 | $1,650 | 7 |
Colonial Pines | $3,642 | $1,210 | 13 |
Ocean Road | $3,642 | $1,210 | 13 |
Downtown Portsmouth | $3,800 | $1,650 | 14 |
Osprey Landing | $3,800 | $1,600 | 64 |
South End | $3,800 | $1,650 | 14 |
Cheapest Available Portsmouth Apartments for Rent
 The cheapest available apartment rental in Portsmouth, NH is a Studio unit found at Monarch Village in the Ocean Road neighborhood priced from $1,699. Seacoast Residences in the Osprey Landing neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $2,163. Here is today’s list of the most affordable Portsmouth apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Monarch Village | 0BR/1.0BA | Studio,1BA | $1,699 |
Seacoast Residences | The Lighthouse | Studio,1BA | $2,163 |
West End Yards | S1A | Studio,1BA | $2,375 |
Best Value Apartments for Rent in Portsmouth, NH
As of April 13, 2025 the best value apartment in the Portsmouth area is the $3.24 price per square foot B2D Model at The Veridian Residences in the in the Ocean Road neighborhood starting from $3,190. The second greatest value Portsmouth apartment is the 254 Nimble Hill Rd Model at 254 Nimble Hill Rd, Unit 254 starting at $2,300 with a $2.40 price per square foot in the Osprey Landing neighborhood. Here is today’s list of the best values for Portsmouth apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Veridian Residences | B2D | 2BR,2BA | $3.24 |
254 Nimble Hill Rd, Unit 254 | 254 Nimble Hill Rd | 1BR,1.5BA | $2.40 |
32 Union St, Unit B | 32 Union St | 1BR,1BA | $2.50 |
425 Islington St, Unit 2 | 425 Islington St | 1BR,1BA | $2.44 |
The Residences at Portwalk Place | Opus 1 Bedroom A4 | 1BR,1BA | $4.67 |
18 Ladd St, Unit 18 Ladd St. Apt 2 | 18 Ladd St | 1BR,1BA | $3.73 |
823 Islington St, Unit 2 | 823 Islington St | 1BR,1BA | $2.93 |
Seacoast Residences | The Lighthouse | Studio ,1BA | $4.27 |
West End Yards | S1A | Studio ,1BA | $4.95 |
Monarch Village | 0BR/1.0BA | Studio ,1BA | $4.72 |
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Best Local Schools in Portsmouth, NH
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Getting Around Portsmouth, NH
Walk Score®
65 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
51 / 100
Bikeable
Some 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 Portsmouth Apartments
What is a cheap apartment in Portsmouth?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Portsmouth is under $3,190.
What is the price of a cheap apartment in Portsmouth?
The cheapest apartment in Portsmouth is Monarch Village which is listed at $2,299, while the average apartment in Portsmouth costs $3,642.
What types of apartments are the cheapest in Portsmouth?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 11 regular apartments in Portsmouth that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.