Average Rent in Portland, ME and Rent Price Trends

Rent price trends in
Portland, ME

Rent price trends

Rent prices for all bedroom counts and property types in Portland, ME have remained the same in the last month and have increased by 5% in the last year.

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Rent comparables in
Portland, ME
The monthly rent for an apartment in Portland, ME is $1,995. A 1-bedroom apartment in Portland, ME costs about $1,700 on average, while a 2-bedroom apartment is $2,181. Houses for rent in Portland, ME are more expensive, with an average monthly cost of $2,975.


1 bedroom	$1,710	1%	1%
2 bedroom	$2,200	No Change	6%
3 bedroom	$2,696	No Change	No Change
4 bedroom	$2,730	1%	25%
Studio	$1,695	13%	19%

		Comparables
Downtown Portland	$2,318
East Deering	$2,424
Libbytown	$2,547
North Deering	$2,400
Oakdale	$2,400
Parkside	$2,225
Riverton	$2,150
Rosemont	$2,375
West Bayside	$2,600
West End	$2,200


Apartments	$1,995	3%	No Change
Condos	$2,700	4%	No Change
Houses	$2,975	11%	No Change

Studio

Average rent

$1,695

Last 30 days

13%

Last year

19%

1 bedroom

Average rent

$1,710

Last 30 days

Last year

2 bedroom

Average rent

$2,200

Last 30 days

No Change

Last year

3 bedroom

Average rent

$2,696

Last 30 days

No Change

Last year

No Change

4 bedroom

Average rent

$2,730

Last 30 days

Last year

25%

The table above reflects average rent prices in Portland, ME, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Portland, ME to other cities

Median rent prices in Portland, ME for all bedroom counts and property types compared to Biddeford, ME.

Portland

Median rent price$2,095

10%

higher than the national median

Median rent price$1,775

lower than the national median

Takeaway

The median rent for all rentals in Portland, ME is 18% higher than the median rent in Biddeford, ME.

More data insights and reports

National Rent Report

Canadian Rent Report

Annual Rent Report

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Average rent in
Nearby cities
Explore rent trends in other markets

Biddeford

$1,775

11%

Last year

Brunswick

$1,800

Last year

Buxton

$1,900

Last year

Cape Elizabeth

$2,000

24%

Last year

Falmouth

$2,800

Flat

Last year

Kennebunk

$2,300

Last year

Old Orchard Beach

$1,850

18%

Last year

Saco

$2,100

53%

Last year

Scarborough

$2,672

17%

Last year

South Portland

$2,279

Last year

Westbrook

$2,150

Flat

Last year

Windham

$2,100

Last year

Cost of living in
Portland, ME

The overall cost of living in Portland, ME is 12% higher than the national average. Explore the cost of essential expenses, then use our rent calculator to help set your budget.