Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
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 June 2026, Portland's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Portland's average rent is 22.0% ($433) higher than the Maine average of $1,969 and 33.7% ($605) higher than the U.S. average of $1,797.
Average Rent
$2,402
Monthly ChangeMonth Over Month Change
0.9% ($21)
Yearly ChangeYear Over Year Change
11.2% ($302)
Avg. Days on MarketAverage Days on Market
26
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $2,209 | 0.8% ($18) | 15.6% ($408) |
| 2 Beds | $2,718 | 4.5% ($117) | 17.6% ($579) |
| 3 Beds | $3,059 | 7.1% ($234) | 17.4% ($644) |
| Nearby Cities | Average Rent | Avg. Rent vs. PortlandAverage Rent vs. Portland | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| South Portland | $2,165 | 9.9% ($237) | 24 days |
| Westbrook | $2,253 | 6.2% ($149) | 26 days |
| Falmouth | $2,425 | 1% ($23) | 28 days |
| Scarborough | $2,690 | 12% ($288) | 27 days |
| Yarmouth | $2,369 | 1.4% ($33) | 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 $2,402 per month.
Homes in Portland typically rent for between $1,546 and $3,977 per month, with an average of $2,402 per month.
In Portland, the average rent for a 1-bedroom home is $2,209 per month, for a 2-bedroom home, $2,718 per month, and a 3-bedroom home is $3,059 per month.
The average rent in Portland is 33.7% ($605) higher than the national average of $1,797 per month.
The average rent in Portland has increased by 0.9% ($21) in the last month and decreased by 11.2% ($302) 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 30 rental properties available in Portland, ME.
Based on the current averages, a household would need an annual income of $108,720 to comfortably afford a 2-bedroom home in Portland.
