Portland, ME Rental Market Trends
What is the average rent in Portland?
The average rent for an apartment in Portland is $1,620, a 4% increase compared to the previous year, when the average rent was $1,555.
Average Rent in Portland, ME
|Average Rent||Y-o-Y Change||Average Apartment Size|
|$1,620||4%||717 sq. ft.|
What is the average apartment size in Portland?
The average size for a Portland, ME apartment is 717 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
17,228 or 56% of the households in Portland, ME are renter-occupied while 13,194 or 43% are owner-occupied.
Portland, ME Rent Trends
|Jul / 2018||Nov / 2018||Mar / 2019||Jul / 2019||Nov / 2019||Mar / 2020||Jul / 2020||Nov / 2020||Mar / 2021||Jul / 2021|
Average Rent in Portland, ME By Neighborhood
|East End Portland||$1,556|
What are the most affordable neighborhoods in Portland?
The most affordable neighborhoods in Portland are Back Cove, where the average rent goes for $1,552/month, East Deering, where renters pay $1,552/mo on average, and North Deering, where the average rent goes for $1,552/mo. If you’re looking for other great deals, check out the listings from Riverton ($1,552), East End Portland ($1,556), and West Bayside ($1,556), where the asking prices are below the average Portland rent of $1,620/mo.
What are the most expensive neighborhoods in Portland?
The most expensive neighborhoods in Portland are Nasons Corner ($2,661), Stroudwater ($2,661) and Valley Street ($2,661).
What are the most popular neighborhoods in Portland?
The most popular neighborhood in Portland is Parkside, where there are 3 verified RENTCafé listings with an average rent of $1,668. Next up is Back Cove, where apartments go for $1,552/month, followed by Deering Center with $1,693 If you’re looking to rent in Portland’s most popular neighborhoods, make sure to also check out Oakdale, where renters pay $1,620 on average, and Valley Street, where the average monthly rent is $2,661.
Portland | Rent Comparison by Neighborhood
Rent in Back Cove is 8% lower than in Deering Center
Back Cove rent is 4% lower than Portland average
Deering Center rent is 5% higher than Portland average
How Portland Compares to Other Cities
|Average Rent||Y-o-Y Change|