Cheap Apartments for Rent in Portsmouth, NH from $1,200 (9 Rentals)

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

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411 Middle St
1 Bedroom Apartments

411 Middle St

411 Middle StPortsmouth, NH 03801
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Frank Jones Brew Yard
Studio to 2 Bedroom Apartments

Frank Jones Brew Yard

90 Brewery LnPortsmouth, NH 03801
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Millport Apartments
Studio to 2 Bedroom Apartments

Millport Apartments

1001 Islington StPortsmouth, NH 03801
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Monarch Village
Studio to 1 Bedroom Apartments

Monarch Village

3548 Lafayette RdPortsmouth, NH 03801
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134 Middle St
Studio Apartments

134 Middle St

134 Middle StPortsmouth, NH 03801
  • Utilities Included

Portsmouth, NH Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, NH

Pricing Updated: 03/27/2025

Current apartment rentals in the Portsmouth, NH area range in price from $1,050 to $4,400 with an overall median price of $3,610. The three Portsmouth neighborhoods with the lowest median rent pricing are New Hampshire Beaches at $1,050, Downtown Portsmouth at $1,650, and South End at $1,650. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Portsmouth Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
New Hampshire Beaches$3,400$1,0502292
Downtown Portsmouth$3,495$1,650297
South End$3,495$1,650297
Osprey Landing$3,500$1,6001630
Strawberry Banke$3,549$1,65036
Hillcrest$3,642$1,210572
Portsmouth Plains$3,642$1,210583
Colonial Pines$3,885$1,210547
Ocean Road$3,885$1,210560

Cheapest Available Portsmouth Apartments for Rent

 

The cheapest available apartment rental in Portsmouth, NH is a 1 Bed unit found at Monarch Village in the Ocean Road neighborhood priced from $1,850. Sagamore Court in the Ocean Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,975. Here is today’s list of the most affordable Portsmouth apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Monarch Village1BR/1.0BA1BR,1BA$1,850
Sagamore Court1 Bedroom1BR,1BA$1,975
Seacoast ResidencesThe LighthouseStudio,1BA$2,079

Best Value Apartments for Rent in Portsmouth, NH

As of March 27, 2025 the best value apartment in the Portsmouth area is the $2.33 price per square foot Magnolia Model at Arbor View and The Pines in the in the Ocean Road neighborhood starting from $2,350. The second greatest value Portsmouth apartment is the B2D Model at The Veridian Residences starting at $3,190 with a $3.24 price per square foot in the Ocean Road neighborhood. Here is today’s list of the best values for Portsmouth apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Arbor View and The PinesMagnolia2BR,2BA$2.33
The Veridian ResidencesB2D2BR,2BA$3.24
254 Nimble Hill Rd, Unit 254254 Nimble Hill Rd1BR,1.5BA$2.40
18 Ladd St, Unit 18 Ladd St. Apt 218 Ladd St1BR,1BA$3.73
West End YardsA1DD1BR,1BA$4.31
Monarch Village1BR/1.0BA1BR,1BA$2.53
Sagamore Court1 Bedroom1BR,1BA$3.04
Seacoast ResidencesThe LighthouseStudio ,1BA$4.10
3 Walbach St, Unit 63 Walbach StStudio ,1BA$7.33
747 Ocean Blvd, Unit 2747 Ocean BlvdStudio ,1BA$4.27

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Explore Portsmouth, NH Rentals by Map

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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

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 $1,850, while the average apartment in Portsmouth costs $3,610.

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 324 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.

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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.