Back Bay Tower
401 Cumberland Ave,
Portland, ME 04101
2 Beds | $2,435
Rental Market Trends in Portland, ME
Updated September 2026
The average rent in Portland, ME is $1,883/month.
Rent in Portland is roughly equal to the national average rent of of $1,665/month.
$1,883/month
Average Rent
588 Sq Ft
Average Size
+2.5%
Change / Year
270
Available Apartments
Portland rent varies by unit size and layout:
- Studio apartments in Portland average $1,601 per month.
- One-bedroom apartments in Portland average $1,883 per month.
- Two-bedroom apartments in Portland average $2,171 per month.
- Three-bedroom apartments in Portland average $2,365 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Portland, ME?
In the past year, rent has increased by 2.5%, which averages out to $48 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Portland, ME
September 2026
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
4%
$700 - $1,000/month
29%
$1,001 - $1,500/month
39%
$1,501 - $2,000/month
28%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Portland?
Based on current rent prices, East Bayside-India Street, West Bayside and Parkside are the most affordable neighborhoods in Portland.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Portland?
Based on current rent prices, Old Port, City Center and Downtown Portland are the most expensive neighborhoods in Portland.
Neighborhood
Average Rent
Average Sq Ft
Which Portland neighborhoods have the most rentals available?
The neighborhoods in Portland with the most apartments available are Downtown Portland, City Center and Old Port .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Portland, ME?
Because the average rent in Portland is $1,883, you’ll want to make about $6,276 per month or $75,312 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
Cost of Living
The cost of living in Portland, ME is 14.1% higher than the national average. Generally, housing in Portland is 35.8% more expensive than the national average, with rent falling between $1,601 - $2,365. You can expect to pay 1.3% more for groceries, 19.9% more for utilities, and 3.2% more for transportation.
How does Portland, ME compare to other nearby cities and neighborhoods?
Use the tool below to compare Portland, ME to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Portland Area GuideStudio
$1,759/month
$2,627/month
One Bedroom
$2,084/month
$1,495/month
Two Bedroom
$2,500/month
-
Three Bedroom
$2,640/month
-
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
-
South Portland
Avg Rent: $1,784/month
-
Falmouth
Avg Rent: $2,191/month
-
Cape Elizabeth
Avg Rent: $2,147/month
-
Westbrook
Avg Rent: $2,183/month
-
Yarmouth
Avg Rent: $2,063/month
-
Scarborough
Avg Rent: $2,197/month
Apartment Communities in Portland We Think You'll Love
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Frequently Asked Questions
What is the average rent in Portland?
The average rent in Portland is $1,883 per month, which is 13.1% higher than the national average of $1,665.
What is the average rent for a house in Portland?
The average rent for a house in Portland, ME is $3,531 per month.
Are rents going up or down in Portland?
Rents in Portland, ME are increasing, with prices up 2.5% year-over-year and $48 more per month.
What rent range is most common in Portland?
In Portland, ME, 39% of apartments fall between $1,501 - $2,000/month, though prices may vary depending on location and other factors.
Methodology
† 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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.