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 May 2025, Portland's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Portland's average rent is 47.8% ($903) higher than the Maine average of $1,889 and 55.7% ($999) higher than the U.S. average of $1,793.

Average Rent

$2,792

Monthly ChangeMonth Over Month Change

7.1% ($214)

Yearly ChangeYear Over Year Change

9.3% ($237)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$2,608	0.3% ($7)	28.6% ($580)
2 Beds	$3,287	0.3% ($9)	39.5% ($930)
3 Beds	$3,691	0.3% ($10)	33.4% ($924)

Nearby Cities	Average Rent	Avg. Rent vs. PortlandAverage Rent vs. Portland	Avg. Days on MarketAverage Days on Market
South Portland	$2,316	17% ($476)	24 days
Westbrook	$1,776	36.4% ($1016)	26 days
Falmouth	$2,747	1.6% ($45)	28 days
Scarborough	$2,478	11.2% ($314)	27 days
Yarmouth	$2,171	22.2% ($621)	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.

What is the average rent in Portland, ME?

The average rent in Portland, ME is $2,792 per month.

What is the rental price range for homes in Portland, ME?

Homes in Portland typically rent for between $1,826 and $4,798 per month, with an average of $2,792 per month.

What is the average rent for different bedroom sizes in Portland, ME?

In Portland, the average rent for a 1-bedroom home is $2,608 per month, for a 2-bedroom home, $3,287 per month, and a 3-bedroom home is $3,691 per month.

How do rent prices in Portland, ME compare with the national average?

The average rent in Portland is 55.7% ($999) higher than the national average of $1,793 per month.

How have rent prices in Portland, ME changed recently?

The average rent in Portland has decreased by 7.1% ($214) in the last month and increased by 9.3% ($237) over the past year.

How competitive is the rental market in Portland, ME?

The rental market in Portland, ME, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.

How long do rentals stay on the market in Portland, ME?

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.

How many rental properties are available in Portland, ME?

There are currently 22 rental properties available in Portland, ME.

Can I afford to rent a home in Portland, ME?

Based on the current averages, a household would need an annual income of $131,480 to comfortably afford a 2-bedroom home in Portland.