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 increased by 11% in the last month and have increased by 10% 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 $2,050. A 1-bedroom apartment in Portland, ME costs about $1,800 on average, while a 2-bedroom apartment is $2,400. Houses for rent in Portland, ME are more expensive, with an average monthly cost of $4,100.


1 bedroom	$1,919	3%	7%
2 bedroom	$2,460	13%	10%
3 bedroom	$2,850	10%	3%
4 bedroom	$4,200	112%	-
Studio	$1,350	2%	4%

		Comparables
Downtown Portland	$2,400
East Deering	$2,400
East End	$2,900
Libbytown	$2,500
North Deering	$1,900
Oakdale	$2,400
Parkside	$2,150
Riverton	$2,272
Rosemont	$2,400
West End	$2,500


Apartments	$2,050	10%	No Change
Condos	$2,418	2%	No Change
Houses	$4,100	28%	No Change

Studio

Average rent

$1,350

Last 30 days

Last year

1 bedroom

Average rent

$1,919

Last 30 days

Last year

2 bedroom

Average rent

$2,460

Last 30 days

13%

Last year

10%

3 bedroom

Average rent

$2,850

Last 30 days

10%

Last year

4 bedroom

Average rent

$4,200

Last 30 days

112%

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$2,199

13%

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 19% 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

$1,775

23%

Last year

Buxton

$2,150

15%

Last year

Cape Elizabeth

$2,748

13%

Last year

Falmouth

$2,737

Last year

Kennebunk

$2,125

18%

Last year

Old Orchard Beach

$2,000

Last year

Saco

$2,100

Last year

Scarborough

$2,100

Last year

South Portland

$2,400

18%

Last year

Westbrook

$2,100

Last year

Windham

$2,295

31%

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.