Portland, ME Rental Market Trends

What is the average rent in Portland?

The average rent for an apartment in Portland is $1,744. The cost of rent varies depending on several factors, including location, size, and quality.

Average rent in Portland, ME

Last updated November 2023

Average Rent	Average Apartment Size
$1,744	670 sq. ft.

What is the average apartment size in Portland?

The average size for a Portland, ME apartment is 670 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

17,531 or 54% of the households in Portland, ME are renter-occupied while 14,722 or 46% are owner-occupied.

Portland, ME rent trends

Access comprehensive real estate data and information on Yardi Matrix

Average Rent in Portland, ME By Neighborhood

City	Average Rent
Deering Center	$1,755
Oakdale	$1,744
East Deering	$1,661

What are the most affordable neighborhoods in Portland?

The most affordable neighborhoods in Portland are East Deering, where the average rent goes for $1,661/month, Oakdale, where renters pay $1,744/mo on average, and Deering Center, where the average rent goes for $1,755/mo.