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 decreased by 1% in the last month and have increased by 2% 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 $1,875. A 1-bedroom apartment in Portland, ME costs about $1,700 on average, while a 2-bedroom apartment is $2,002. Houses for rent in Portland, ME are more expensive, with an average monthly cost of $2,975.


1 bedroom	$1,720	3%	1%
2 bedroom	$2,129	5%	2%
3 bedroom	$2,875	3%	3%
4 bedroom	$3,200	4%	2%
Studio	$1,495	No Change	11%

		Comparables
Back Cove	$1,950
Downtown Portland	$2,260
East Bayside India Street	$2,400
East Deering	$2,450
East End	$2,499
Libbytown	$2,639
North Deering	$1,995
Parkside	$2,020
Riverton	$2,275
West End	$2,162


Apartments	$1,875	4%	No Change
Condos	$2,755	1%	No Change
Houses	$2,975	8%	No Change
Rooms	$1,000	No Change	-

Studio

Average rent

$1,495

Last 30 days

No Change

Last year

11%

1 bedroom

Average rent

$1,720

Last 30 days

Last year

2 bedroom

Average rent

$2,129

Last 30 days

Last year

3 bedroom

Average rent

$2,875

Last 30 days

Last year

4 bedroom

Average rent

$3,200

Last 30 days

Last year

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$2,000

higher than the national median

Median rent price$1,850

lower than the national median

Takeaway

The median rent for all rentals in Portland, ME is 8% 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

$1,850

Last year

Brunswick

$2,000

Flat

Last year

Buxton

$1,650

Last year

Cape Elizabeth

$1,995

22%

Last year

Falmouth

$2,489

38%

Last year

Kennebunk

$2,650

Last year

Old Orchard Beach

$2,000

14%

Last year

Saco

$2,325

52%

Last year

Scarborough

$2,350

31%

Last year

South Portland

$2,234

Last year

Westbrook

$2,200

Last year

Windham

$2,150

19%

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.