10 Best Coastal Towns in New England
Looking to live by the water? Explore other coastal cities in New England.
Welcome to Portland, Maine, where historic architecture meets coastal charm along the shores of Casco Bay. Portland's rental market offers diverse housing options, with one-bedroom apartments averaging $1,817. From converted warehouses in the Old Port to apartments in the West End and East End neighborhoods, including Munjoy Hill, renters can find homes that match their preferences. The tree-lined streets of Back Cove and Deering Center provide residential settings near parks and trails.
Portland's Congress Street Arts District serves as a cultural hub, anchored by the Portland Museum of Art. The Eastern Promenade stretches across 68 acres of waterfront parkland, offering walking trails and scenic harbor views. The city's acclaimed restaurant scene features James Beard Award-winning establishments, particularly concentrated in the Old Port and downtown areas. The University of Southern Maine campus adds to the city's educational landscape, while working waterfronts preserve Portland's maritime heritage. The city's resilient history is reflected in its official seal - a phoenix rising from ashes - commemorating Portland's recovery from multiple fires throughout its history. With its mix of historic architecture, waterfront location, and cultural attractions, Portland continues to draw residents looking for a mid-sized city with distinctive character.
Downtown Portland is a walkable neighborhood packed with colorful shops and cafes.
Bright rows of homes give life to Downtown Portland.
The Casco Bay off the shore of East End is a popular boating and fishing area.
As of March 2026, the average apartment rent in Portland, ME is $1,572 for a studio, $1,849 for one bedroom, $2,097 for two bedrooms, and $2,239 for three bedrooms. Apartment rent in Portland has increased by 2.0% in the past year.
The cost of living in Portland, ME is 14.0% higher than the national average. Generally, housing in Portland is 35.9% more expensive than the national average, with rent falling between $1,572 - $2,239. You can expect to pay 1.1% more for groceries, 18.4% more for utilities, and 3.2% more for transportation.
Looking to live by the water? Explore other coastal cities in New England.
Open to exploring your options? Discover other great cities in Maine with our detailed guide.
Explore how walkable, bikeable, drivable, and transit-friendly Portland, ME is for everyday living.
Very Walkable
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
Some Transit
You'll likely want a car when living in this area since it has few transit options.
Very Bikeable
This area is very bikeable. You’ll find a variety of bike paths and lanes.
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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 February 2026.