Apartments & Homes for Rent in Portland, ME

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What to Know About

Life in Portland & Beyond

Portland shares many of the great qualities that make Maine a desirable place to live.

Maine, known as the "Pine Tree State," is renowned for its breathtaking natural scenery, rocky coastline, and diverse outdoor activities. Immerse yourself in Maine's rich history and traditions by visiting institutions such as the Maine State Museum and the Penobscot Bay History Center or benefiting from prestigious universities like the University of Maine, Bowdoin College, and Colby College. In addition, a thriving fishing industry, robust tourism sector, and abundant natural resources sustain Maine's economy, providing residents with a wide range of employment opportunities.

Experience the best of what Maine has to offer by visiting iconic attractions such as the flagship L.L. Bean store, the Maine Lobster Festival, the historic Maine Maritime Museum, and the charming city of Portland. In addition, enjoy a multitude of outdoor options, from exploring the majestic Acadia National Park and the Allagash Wilderness Waterway to sailing the crystal-clear waters of the Gulf of Maine.

Its thriving economy, excellent recreational offerings, and unique coastal experience make Maine a great place to live, and the state's friendly and welcoming atmosphere will make you feel right at home.

Rental Market Trends

Portland, ME

As of April 2025, Portland's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Portland's average rent is 54.2% ($1,056) higher than the Maine average of $1,950 and 67.1% ($1,207) higher than the U.S. average of $1,799.

Average Rent
$3,006
Monthly ChangeMonth Over Month Change
Decreased2.2% ($67)
Yearly ChangeYear Over Year Change
Increased19.3% ($486)
Avg. Days on MarketAverage Days on Market
26
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,601 Decreased6.1% ($168) Increased26.5% ($545)
2 Beds $3,278 Increased3% ($97) Increased37.2% ($888)
3 Beds $3,681 Decreased0.1% ($5) Increased31.2% ($876)
Nearby Cities Average Rent Avg. Rent vs. PortlandAverage Rent vs. Portland Avg. Days on MarketAverage Days on Market
South Portland $2,347 Decreased21.9% ($659) 24 days
Westbrook $1,703 Decreased43.3% ($1303) 26 days
Falmouth $2,747 Decreased8.6% ($259) 28 days
Scarborough $2,383 Decreased20.7% ($623) 27 days
Yarmouth $2,114 Decreased29.7% ($892) 28 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Portland Rental Market FAQs

Explore rental prices, market trends, and availability in Portland, ME.

The average rent in Portland, ME is $3,006 per month.
Homes in Portland typically rent for between $1,821 and $4,785 per month, with an average of $3,006 per month.
In Portland, the average rent for a 1-bedroom home is $2,601 per month, for a 2-bedroom home, $3,278 per month, and a 3-bedroom home is $3,681 per month.
The average rent in Portland is 67.1% ($1,207) higher than the national average of $1,799 per month.
The average rent in Portland has decreased by 2.2% ($67) in the last month and increased by 19.3% ($486) over the past year.
The rental market in Portland, ME, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Portland, ME, the average rental stays on the market for approximately 26 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 23 rental properties available in Portland, ME.
Based on the current averages, a household would need an annual income of $131,120 to comfortably afford a 2-bedroom home in Portland.
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