How many apartments are available in Libbytown on Rentable.co?

Rentable.co has over 30 apartments available near Libbytown.

What is the average rent for a studio apartment in Libbytown?

The average rent for a studio apartment near Libbytown is around $1,400 per month.

What is the average rent for a one-bedroom apartment in Libbytown?

The average rent for a one-bedroom apartment near Libbytown is around $1,710 per month.

What is the average rent for a two-bedroom apartment in Libbytown?

The average rent for a two-bedroom apartment near Libbytown is around $2,236 per month.

How many apartments are available in Portland, ME on Rentable.co?

Rentable.co has over 1,530 apartments available in Portland.

What is the average rent for a studio apartment in Portland, ME?

The average rent for a studio apartment in Portland is around $1,400 per month.

What is the average rent for a one-bedroom apartment in Portland, ME?

The average rent for a <a href='/portland-me/1-bedroom-apartments-for-rent' >one-bedroom apartment</a> in Portland is around $1,920 per month.

What is the average rent for a two-bedroom apartment in Portland, ME?

The average rent for a <a href='/portland-me/2-bedroom-apartments-for-rent' >two-bedroom apartment</a> in Portland is around $2,830 per month.

How expensive is it to rent an apartment in Portland, ME?

For a two-bedroom apartment in Portland, the average rent price is $2,830 per month, which is higher than the national average of $1,620 per month.

Can I afford an apartment for rent in Portland, ME?

Based on average rent prices in Portland, to afford a studio apartment you would need an annual household income of $56,000 to live comfortably.

Apartments in Libbytown Portland

Portland:
May Rent Report

Welcome to the May 2024 Portland Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2024 key findings and figures for the Portland rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Portland and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Portland average rent prices in the chart below.

Monthly Rent Report

$2,700

$2,030

$1,350

$680

Jun. 2023

Jul. 2023

Aug. 2023

Sep. 2023

Oct. 2023

Nov. 2023

Dec. 2023

Jan. 2024

Feb. 2024

Mar. 2024

Apr. 2024

May. 2024

1 BR 2 BR

Portland Rent Prices Increase From April to May

Portland rent prices increased over the last month. From April to May, the city experienced a 4.92% increase for the price of a one-bedroom apartment. The rent price for a Portland one-bedroom apartments currently stands at $1,793.0.

When we take a look at the two-bedroom comparison from April to May, Portland experienced a 1.07% increase for the price of a two-bedroom apartment. The rent price for a Portland two-bedroom apartments currently stands at $2,544.0.

May Prices: Portland vs. Surrounding Areas

Scarborough, ME

South Portland, ME

Westbrook, ME

Portland, ME

Biddeford, ME

$2,117

$2,077

$1,895

$1,709

$1,238

$700

$1,400

$2,100

$2,800

Median 1 BR Rent

Rent Prices in Portland and Surrounding Areas

Rent prices have increased in Portland over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 3 of the Portland suburbs increased last month. On the other hand, 1 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rent increased in Westbrook, ME, South Portland, ME, Scarborough, ME .
Rent decreased in Biddeford, ME.
3 suburbs are currently priced higher than the city of Portland.
1 suburb is currently priced lower than the city of Portland.

May 2024 Pricing Trends: Portland vs. National Comparisons

New York, NY

San Francisco, CA

Washington, DC

Los Angeles, CA

Chicago, IL

Portland, ME

Columbus, OH

Minneapolis, MN

Pittsburgh, PA

$4,056

$3,039

$2,377

$2,336

$1,913

$1,709

$1,300

$1,283

$1,178

$1,350

$2,700

$4,050

$5,400

Median Rent

Portland Rent Prices More Affordable Than Major Cities

Rent growth in Portland over the past year has been on the rise. When compared to major cities nearby, along with some of the most expensive cities in the country, Portland average rent prices appear to be relatively affordable for local residents.

The price for a Portland one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Portland and surrounding area rent prices, take a look at the complete data set below.

Data set for Portland and suburbs

	1 BR May	1 BR M/M % Change	2 BR May	2 BR M/M % Change
Westbrook, ME	$1,895.0	0.11%	$2,295.0	0.00%
Portland, ME	$1,709.0	0.47%	$2,517.0	1.94%
South Portland, ME	$2,077.0	0.34%	$2,042.0	2.25%
Scarborough, ME	$2,117.0	1.39%	$2,384.0	0.59%
Biddeford, ME	$1,238.0	-4.25%	$1,779.0	-0.06%

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.