Cheap Homes for Rent in Portsmouth, NH from $1,500 (17 Rentals)

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Cheap Homes in Portsmouth.

property at 90 Fleet St

90 Fleet St

PortsmouthNH03801

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

Portsmouth, NH Local Guide

Cheapest Neighborhoods for Apartments in Portsmouth, NH

Pricing Updated: 05/02/2025

Current apartment rentals in the Portsmouth, NH area range in price from $1,500 to $20,000 with an overall median price of $4,616. The three Portsmouth neighborhoods with the lowest median rent pricing are Colonial Pines at $2,400, Osprey Landing at $2,100, and Portsmouth Plains at $2,100. Here is today’s list of the top 9 neighborhoods with the lowest median pricing for Portsmouth Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Colonial Pines$3,500$2,40011
Osprey Landing$3,550$2,10010
Portsmouth Plains$3,550$2,10013
Hillcrest$3,800$2,10016
Ocean Road$4,400$2,40013
Strawberry Banke$4,450$2,1007
South End$4,700$2,1008
Downtown Portsmouth$5,600$2,1008
New Hampshire Beaches$8,000$1,50040

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. 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 Village0BR/1.0BAStudio,1BA$1,699
Sagamore Court1 Bedroom1BR,1BA$1,975
Seacoast ResidencesThe LighthouseStudio,1BA$2,163
West End YardsS1AStudio,1BA$2,310
The Residences at Portwalk PlaceAria Studio A4Studio,1BA$3,095

Best Value Apartments for Rent in Portsmouth, NH

As of May 02, 2025 the best value apartment in the Portsmouth area is the $2.75 price per square foot 3T Model at Arbor View and The Pines in the in the Ocean Road neighborhood starting from $3,300. The second greatest value Portsmouth apartment is the 406 The Hill Model at 406 The Hill, Unit 406 The Hill starting at $2,195 with a $2.93 price per square foot in the South End 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 Pines3T3BR,2BA$2.75
406 The Hill, Unit 406 The Hill406 The Hill1BR,1BA$2.93
The Residences at Portwalk PlaceAria Studio A4Studio ,1BA$4.72
Sagamore Court1 Bedroom1BR,1BA$3.04
Seacoast ResidencesThe LighthouseStudio ,1BA$4.27
West End YardsS1AStudio ,1BA$4.81
Monarch Village0BR/1.0BAStudio ,1BA$4.72
747 Ocean Blvd, Unit 2747 Ocean BlvdStudio ,1BA$5.70

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Frequently Asked Questions about Portsmouth

What type of rentals are currently available in Portsmouth?

There are currently 98 Apartments for Rent in Portsmouth, NH with pricing that ranges from $1,210 to $4,850. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Portsmouth ranging from $1,500 to $20,000.

What is the current price range for Rental Homes in Portsmouth?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Portsmouth ranges from $1,500 to $20,000 with an average monthly rent of $4,326.

How much are larger Three and Four Bedroom Rentals in Portsmouth?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Portsmouth range from $2,225 to $4,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,300 to $5,600. Four Bedroom Single-Family rentals are also available starting from $3,500 and Four Bedroom Apartments start at $2,450.

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.