Back Bay Tower
401 Cumberland Ave,
Portland, ME 04101
$1,800 - $3,600
1-3 Beds
Downtown Portland is a historic, coastal town with a working waterfront, museums, award-winning restaurants, hundreds of shops, and everything in between. Downtown Portland’s community is proud of its funky, unique vibe and hard-working locals. There are a plentitude of incredible bars, restaurants, and shops to explore downtown that are a blend of locally owned and national chains. Local breweries like Rising Tide and Shipyard are popular with Maine locals.
The Eastern Promenade is the largest stretch of grassy space on the harbor that offers scenic walking paths, sports areas, boat ramps, piers, and a dog-friendly public beach called East End Beach. Walk, hike, or bike on Bayside Trail with your dog and enjoy incredible views of the sea. The Portland Museum of Art and the State Theatre are must-visit locations downtown. And don’t forget to tour the Victoria Mansion, a 19th century Italian-style villa. A spectacular apartment is awaiting you in the waterfront oasis of Downtown Portland.
As of September 2025, the average apartment rent in Downtown Portland is $1,587 for a studio, $1,855 for one bedroom, $2,185 for two bedrooms, and $3,044 for three bedrooms. Apartment rent in Downtown Portland has increased by 1.6% in the past year.
Studio
432 sq ft
Average Sq Ft
$1,587/month
Average Rent
1 BR
568 sq ft
Average Sq Ft
$1,855/month
Average Rent
2 BR
784 sq ft
Average Sq Ft
$2,185/month
Average Rent
3 BR
978 sq ft
Average Sq Ft
$3,044/month
Average Rent
3,381
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2025.