Homes & Apartments 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 September 2026, Portland's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Portland's average rent is 22.5% ($431) higher than the Maine average of $1,912 and 29.6% ($535) higher than the U.S. average of $1,808.

Average Rent
$2,343
Monthly ChangeMonth Over Month Change
Decreased3.3% ($79)
Yearly ChangeYear Over Year Change
Decreased2.4% ($58)
Avg. Days on MarketAverage Days on Market
26
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,247 Decreased3.4% ($80) Increased1.7% ($38)
2 Beds $2,568 Decreased0.9% ($23) Decreased7.7% ($215)
3 Beds $3,055 Increased4.2% ($122) Decreased2.3% ($71)
Nearby Cities Average Rent Avg. Rent vs. PortlandAverage Rent vs. Portland Avg. Days on MarketAverage Days on Market
South Portland $2,477 Increased5.7% ($134) 24 days
Cape Elizabeth $2,585 Increased10.3% ($242) 28 days
Westbrook $2,229 Decreased4.9% ($114) 26 days
Falmouth $2,490 Increased6.3% ($147) 28 days
Scarborough $2,758 Increased17.7% ($415) 27 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 $2,343 per month.
Homes in Portland typically rent for between $1,573 and $3,972 per month, with an average of $2,343 per month.
In Portland, the average rent for a 1-bedroom home is $2,247 per month, for a 2-bedroom home, $2,568 per month, and a 3-bedroom home is $3,055 per month.
The average rent in Portland is 29.6% ($535) higher than the national average of $1,808 per month.
The average rent in Portland has decreased by 3.3% ($79) in the last month and decreased by 2.4% ($58) 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 33 rental properties available in Portland, ME.
Based on the current averages, a household would need an annual income of $102,720 to comfortably afford a 2-bedroom home in Portland.
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