Portland, ME Rental Market Trends
Last updated: October 30, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Portland is $1,961, a 0.73% increase compared to the previous year, when the average rent was $1,947.
Studio Apartments at $1,732 offer the most budget-friendly option with 392 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 602 square feet for $1,907, balancing privacy and affordability.
Two-beedroom units at $2,075 offer 865 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,293 sq ft) for $2,374, suitable for larger households.
Average rent in Portland, ME
Last updated: October 30, 2025
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,961 | 691 sq. ft. |
| Studio | $1,732 | 392 sq. ft. |
| 1 Bed | $1,907 | 602 sq. ft. |
| 2 Beds | $2,075 | 865 sq. ft. |
| 3 Beds | $2,374 | 1,293 sq. ft. |
Portland, ME rent trends
Rental prices in Portland, ME have increased by 0.73% over the past year. The average rent moved from $1,947 to $1,961.
What's the typical rent budget in Portland, ME?
The largest share of rentals in Portland, ME (37%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Portland, ME?
17,280 or 53% of the households in Portland, ME are renter-occupied while 15,113 or 47% are owner-occupied.
Most affordable neighborhoods in Portland?
Riverton $1,798/month
Riverton $1,798/month
Parkside $1,874/month
All of these neighborhoods fall below the city wide average of $1,961/month.Most expensive neighborhoods in Portland?
West Bayside $2,250/month
Westside Portland $2,305/month
Westside Portland $2,305/month
These neighborhoods typically command higher rents due to location, amenities, and demand.Average Rent in Portland, ME By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Westside Portland | $2,305 |
| Westside Portland | $2,305 |
| West Bayside | $2,250 |
| West Bayside | $2,250 |
| Downtown Portland | $1,973 |
| Downtown Portland | $1,973 |
| Parkside | $1,874 |
| Parkside | $1,874 |
| Riverton | $1,798 |
| Riverton | $1,798 |
/
Portland | Rent Comparison by Neighborhood
Rent in Downtown Portland is the same as in Downtown Portland
$1,973
Downtown Portland rent is 1% higher than Portland average
Average Rent
$1,973
$1,973
Downtown Portland rent is 1% higher than Portland average
Average Rent
$1,973
How Portland Compares to Other Cities
| City | Average Rent |
|---|---|
| Portland | $1,961 |
| Westbrook | $2,375 |
| Yarmouth | $2,105 |
| Biddeford | $2,057 |
| Brunswick | $2,114 |
| Scarborough | $2,416 |
| Bath | $1,481 |
| Lewiston | $1,334 |
| South Portland | $2,229 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Portland apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.