
Cheap Apartments for Rent in Portsmouth, NH from $1,200 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in Portsmouth.


Osprey Landing
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 | $2,249 | $1,210 | $3,250 |
Cheap Portsmouth 1 Bedroom Apartments | $2,644 | $1,240 | $3,795 |
Cheap Portsmouth 2 Bedroom Apartments | $3,099 | $1,440 | $3,825 |
Cheap Portsmouth 3 Bedroom Apartments | $3,477 | $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: 03/27/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
---|---|---|---|
New Hampshire Beaches | $3,400 | $1,050 | 2292 |
Downtown Portsmouth | $3,495 | $1,650 | 297 |
South End | $3,495 | $1,650 | 297 |
Osprey Landing | $3,500 | $1,600 | 1630 |
Strawberry Banke | $3,549 | $1,650 | 36 |
Hillcrest | $3,642 | $1,210 | 572 |
Portsmouth Plains | $3,642 | $1,210 | 583 |
Colonial Pines | $3,885 | $1,210 | 547 |
Ocean Road | $3,885 | $1,210 | 560 |
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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Monarch Village | 1BR/1.0BA | 1BR,1BA | $1,850 |
Sagamore Court | 1 Bedroom | 1BR,1BA | $1,975 |
Seacoast Residences | The Lighthouse | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Arbor View and The Pines | Magnolia | 2BR,2BA | $2.33 |
The Veridian Residences | B2D | 2BR,2BA | $3.24 |
254 Nimble Hill Rd, Unit 254 | 254 Nimble Hill Rd | 1BR,1.5BA | $2.40 |
18 Ladd St, Unit 18 Ladd St. Apt 2 | 18 Ladd St | 1BR,1BA | $3.73 |
West End Yards | A1DD | 1BR,1BA | $4.31 |
Monarch Village | 1BR/1.0BA | 1BR,1BA | $2.53 |
Sagamore Court | 1 Bedroom | 1BR,1BA | $3.04 |
Seacoast Residences | The Lighthouse | Studio ,1BA | $4.10 |
3 Walbach St, Unit 6 | 3 Walbach St | Studio ,1BA | $7.33 |
747 Ocean Blvd, Unit 2 | 747 Ocean Blvd | Studio ,1BA | $4.27 |
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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 $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.

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.