Seacoast Residences
41 Seacoast Ter,
Kittery, ME 03904
Studio - 2 Beds | $2,049 - 3,795
Rental Market Trends in Portsmouth, NH
What is the average rent in Portsmouth, NH?
$2,247/month
Average Rent
686 Sq Ft
Average Apartment Size
+4.5%
Increase in the Last Year
As of November 2024, the average rent in Portsmouth, NH is $2,247 per month. This is 44% higher than the national average rent price of $1,559/month, making Portsmouth one of the most expensive cities in the US. When you rent an apartment in Portsmouth, you can expect to pay about $1,828 per month for a studio, $2,247 for a one-bedroom apartment, and around $2,442 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,557 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Portsmouth, NH?
In the past year, rent has increased by 4.5%, which averages out to $102 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2024
Legend
2023
2024
Rent Ranges in Portsmouth, NH
Last Updated November 2024
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
5%
$1,001 - $1,500/month
11%
$1,501 - $2,000/month
84%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Portsmouth?
Based on current rent prices, Downtown Portsmouth is the most affordable neighborhood in Portsmouth.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Portsmouth?
Based on current rent prices, Downtown Portsmouth is the most expensive neighborhood in Portsmouth.
Neighborhood
Average Rent
Average Sq Ft
Which Portsmouth neighborhoods have the most rentals available?
The neighborhood in Portsmouth with the most apartments available is Downtown Portsmouth .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Portsmouth, NH?
Because the average rent in Portsmouth is $2,247, you’ll want to make about $7,490 per month or $89,880 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Portsmouth, NH compare to other nearby cities and neighborhoods?
Use the tool below to compare Portsmouth, NH to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$1,742/month
$1,742/month
One Bedroom
$2,421/month
$2,421/month
Two Bedroom
$3,352/month
$3,352/month
Three Bedroom
$3,730/month
$3,730/month
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.