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Apartments in Portland

31 - 38 of 38 Results
20
$3,300
100 Federal St Unit 3
Portland, ME
2 BR | Jun. 1, 2024
Contact
Dog Friendly
Cat Friendly
Balcony/Deck/Patio
Storage
Dishwasher
8
$2,000
E Main St Unit 1
Yarmouth, ME
2 BR | May. 1, 2024
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Cat Friendly
29
$4,500
10 Deacon Rd
Yarmouth, ME
3 BR | Available Now
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Dog Friendly
House
Air Conditioning
Balcony/Deck/Patio
Storage
1
$800 - 3,100
386 St John St
Portland, ME
Studio - 2 BR | Jun. 1, 2024
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Storage
Valley Street
26
$2,816
23 Ellsworth St, Unit 2
Portland, ME
2 BR | Jul. 9, 2024
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Dog Friendly
Cat Friendly
Dishwasher
Valley Street
36
$4,950
220 Veranda St
Portland, ME
3 BR | Jun. 15, 2024
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Dog Friendly
House
Storage
Dishwasher
East Deering
57
$2,950
112 Tucker Ave
Portland, ME
2 BR | Jul. 8, 2024
Contact
House
Storage
Dishwasher
Riverton
$1,666
21 State St
Portland, ME
1 BR | Apr. 27, 2024
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Heat Included
Dog Friendly
Cat Friendly
Storage
31 - 38 of 38 Results
  1. Home
  2. Portland

How much does it cost to rent an apartment in Portland?

Portland Apartments
Bed Type Average Rent Range
Studio $1,400 $800 - $1,800
1BR $2,200 $1,450 - $3,250
2BR $2,790 $1,570 - $3,300
3BR $2,850 $2,500 - $4,950
Frequently Asked Questions

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

Rentable.co has over 1,864 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 one-bedroom apartment in Portland is around $2,200 per month.

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

The average rent for a two-bedroom apartment in Portland is around $2,790 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 $2,790 per month, which is higher than the national average of $1,630 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.

Find a Portland Apartment

When many people think of Portland, they think of the city on the West Coast. However, Portland, Maine, is a significant city that is sometimes overshadowed by the city it shares its name with on the opposite coast. With a population of over 66,000 that has been enjoying steady growth, Portland is the largest city in the entire state of Maine. A popular point of local trivia (and pride) is that the Oregon city was actually named after this thriving Maine community.

Portland is a very old city, with the first European setters arriving almost four hundred years ago. The city has proven remarkably resilient. It has burnt nearly to the ground at several points during its history, and yet continuously finds ways to revive itself. As the largest city in Maine, it is also of critical economic importance. The port is still vital to the area, as is Portland's proximity to Boston.

When to Search

There aren't a lot of extra vacant apartments in the Portland area. Compared to the national average, the rental market is tight in this area. In most cities with markets like this, and Portland is no exception, looking in November and December is a good idea. April and May can also prove good results.

Staying in the Know

Convincing a Portland landlord to rent to you is going to be made easier if you can show that you already have employment or an educational program lined up in the area. If you can prove this, the rental process will be fairly straight forward. However, with the rental housing situation being tight, if you're not working or studying in the area, it wouldn't be uncommon to face a few questions about why you've chosen to relocate to this particular city.

Life in Portland

Transportation

Although there is a small public transportation system, it is definitely not the best option for getting around Portland. If you're sticking to the downtown area, walking will help you avoid the often-congested traffic. If you need to get to the outside areas of the city, you are probably going to need a car during your stay.

Where to play

Several historic landmarks in Portland are worth a visit, including the Victoria Mansion and the Portland Observatory. Several beaches in the area are popular recreation areas, and numerous options exist for getting out on the water for sightseeing or fishing. Head to the Old Port neighborhood for the best shopping and dining in a quant, historic setting. The best local beer bar is The Great Lost Bear.

Neighborhoods

Back Cove
Deering Center
East Bayside
East Deering
Libbytown
Nasons Corner
Stroudwater
Valley Street
West Bayside

Search Cities Near Portland, ME

South Portland, ME
Westbrook, ME
Scarborough, ME
Cape Elizabeth, ME
Old Orchard Beach, ME
Saco, ME
Biddeford, ME
Brunswick, ME

Campuses Nearby

University of Southern Maine

Portland:
April Rent Report

Welcome to the April 2024 Portland Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the April 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
$0
May. 2023
Jun. 2023
Jul. 2023
Aug. 2023
Sep. 2023
Oct. 2023
Nov. 2023
Dec. 2023
Jan. 2024
Feb. 2024
Mar. 2024
Apr. 2024
1 BR       2 BR

Portland Rent Prices Increase From March to April

Portland rent prices increased over the last month. From March to April, the city experienced a 0.47% increase for the price of a one-bedroom apartment. The rent price for a Portland one-bedroom apartments currently stands at $1,709.0.

When we take a look at the two-bedroom comparison from March to April, Portland experienced a 1.94% increase for the price of a two-bedroom apartment. The rent price for a Portland two-bedroom apartments currently stands at $2,517.0.

April Prices: Portland vs. Surrounding Areas

Scarborough, ME
South Portland, ME
Westbrook, ME
Portland, ME
Biddeford, ME
$2,088
$2,070
$1,893
$1,701
$1,293
$0
$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.

April 2024 Pricing Trends: Portland vs. National Comparisons

New York, NY
San Francisco, CA
Washington, DC
Los Angeles, CA
Chicago, IL
Portland, ME
Minneapolis, MN
Columbus, OH
Pittsburgh, PA
$3,994
$3,038
$2,355
$2,347
$1,893
$1,701
$1,300
$1,264
$1,145
$0
$1,300
$2,600
$3,900
$5,200
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 April 1 BR M/M % Change 2 BR April 2 BR M/M % Change
Portland, ME $1,701.0 -2.41% $2,469.0 1.65%
Westbrook, ME $1,893.0 0.11% $2,295.0 0.00%
South Portland, ME $2,070.0 1.37% $1,997.0 1.42%
Scarborough, ME $2,088.0 1.41% $2,370.0 -0.80%
Biddeford, ME $1,293.0 -1.07% $1,780.0 -0.61%

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.

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