Portland, ME Rental Market Trends
What is the average rent in Portland?
The average rent for an apartment in Portland is $1,938. The cost of rent varies depending on several factors, including location, size, and quality.
Average rent in Portland, ME
Last updated May 2025
| Average Rent | Average Apartment Size |
|---|---|
| $1,938 | 688 sq. ft. |
What is the average apartment size in Portland?
The average size for a Portland, ME apartment is 688 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Portland, ME apartment rent ranges
Portland, ME Occupied Housing Units
17,280 or 53% of the households in Portland, ME are renter-occupied while 15,113 or 47% are owner-occupied.
Portland, ME rent trends
Average Rent in Portland, ME By Neighborhood
| City | Average Rent |
|---|---|
| Westside Portland | $2,211 |
| West Bayside | $2,185 |
| Downtown Portland | $1,943 |
| Parkside | $1,897 |
| Riverton | $1,706 |
| Oakdale | $1,604 |
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What are the most affordable neighborhoods in Portland?
The most affordable neighborhoods in Portland are Oakdale, where the average rent goes for $1,604/month, Riverton, where renters pay $1,706/mo on average, and Parkside, where the average rent goes for $1,897/mo.
What are the most expensive neighborhoods in Portland?
The most expensive neighborhoods in Portland are Downtown Portland ($1,943), West Bayside ($2,185) and Westside Portland ($2,211).
What are the most popular neighborhoods in Portland?
The most popular neighborhood in Portland is Downtown Portland, where there are 4 listings with an average rent of $1,943. Next up is West Bayside, where apartments go for $2,185/month, followed by Westside Portland with $2,211 If you’re looking to rent in Portland’s most popular neighborhoods, make sure to also check out Parkside, where renters pay $1,897 on average, and Oakdale, where the average monthly rent is $1,604.
Portland | Rent Comparison by Neighborhood
Rent in Downtown Portland is 21% higher than in Oakdale
$1,943
Downtown Portland rent is 1% higher than Portland average
Average Rent
$1,943
$1,604
Oakdale rent is 17% lower than Portland average
Average Rent
$1,604
How Portland Compares to Other Cities
| State | Average Rent |
|---|---|
| Portland | $1,938 |
| Scarborough | $2,426 |
| Brunswick | $2,122 |
| Yarmouth | $2,128 |
| Biddeford | $2,111 |
| South Portland | $2,160 |
| Westbrook | $2,209 |
| Lewiston | $1,328 |
| Kittery | $2,900 |
| Bath, ME | $1,642 |
What is the average price for a storage unit in Portland?
The average rent for a non-climate-controlled 10'x10' storage unit in Portland is $181.5. Rental costs vary depending on several factors, including unit size and the storage facility's location and amenities.
Most Popular Apartments in Portland
Nightingale
144 State Street, Portland, ME 04101| STUDIO | N/A |
| 1 BED | $2,451 |
| 2 BEDS | N/A |
Lofts On The Levee
1 Upper Falls Road, Biddeford, ME 04005| STUDIO | $1,755+ |
| 1 BED | $1,895+ |
| 2 BEDS | $2,535+ |
Erlang
45 Forest Ave., Portland, ME 04101| STUDIO | $1,558 |
| 1 BED | $1,817 |
Hiawatha
667 Congress Street, Portland, ME 04101| STUDIO | $1,884+ |
| 1 BED | N/A |
| 2 BEDS | N/A |