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 3% in the last month and have remained the same 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 $1,947. A 1-bedroom apartment in Portland, ME costs about $1,650 on average, while a 2-bedroom apartment is $2,350. Houses for rent in Portland, ME are more expensive, with an average monthly cost of $2,741.


1 bedroom	$1,680	3%	1%
2 bedroom	$2,400	1%	1%
3 bedroom	$2,875	6%	36%
4 bedroom	$2,950	2%	20%
Studio	$1,495	3%	3%

		Comparables
Deering Center	$2,200
Downtown Portland	$2,500
East Deering	$2,495
East End	$2,150
Libbytown	$2,222
North Deering	$2,324
Parkside	$1,695
Riverton	$2,459
Rosemont	$2,459
West End	$2,350


Apartments	$1,947	No Change	No Change
Condos	$2,550	2%	No Change
Houses	$2,741	2%	No Change

Studio

Average rent

$1,495

Last 30 days

Last year

1 bedroom

Average rent

$1,680

Last 30 days

Last year

2 bedroom

Average rent

$2,400

Last 30 days

Last year

3 bedroom

Average rent

$2,875

Last 30 days

Last year

36%

4 bedroom

Average rent

$2,950

Last 30 days

Last year

20%

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$2,200

16%

higher than the national median

Median rent price$1,900

Equal to the the national median

Takeaway

The median rent for all rentals in Portland, ME is 16% 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

$1,900

Last year

Brunswick

$1,825

Last year

Buxton

$1,600

36%

Last year

Cape Elizabeth

$2,325

Last year

Falmouth

$2,700

Last year

Kennebunk

$2,150

12%

Last year

Old Orchard Beach

$1,850

Last year

Saco

$2,160

39%

Last year

Scarborough

$2,194

30%

Last year

South Portland

$1,865

13%

Last year

Westbrook

$2,172

Last year

Windham

$2,300

Flat

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.