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 August 2025, Portland's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Portland's average rent is 20.0% ($384) higher than the Maine average of $1,918 and 28.6% ($512) higher than the U.S. average of $1,790.

Average Rent

$2,302

Monthly ChangeMonth Over Month Change

5.2% ($125)

Yearly ChangeYear Over Year Change

2.8% ($62)

Avg. Days on MarketAverage Days on Market

Unit Type	Average Rent	Monthly ChangeMonth Over Month Change	Yearly ChangeYear Over Year Change
1 Bed	$1,775	2.2% ($40)	14% ($289)
2 Beds	$2,779	4.8% ($127)	12.6% ($310)
3 Beds	$3,492	0.4% ($15)	19.5% ($569)

Nearby Cities	Average Rent	Avg. Rent vs. PortlandAverage Rent vs. Portland	Avg. Days on MarketAverage Days on Market
South Portland	$2,340	1.7% ($38)	24 days
Westbrook	$1,656	28.1% ($646)	26 days
Falmouth	$2,747	19.3% ($445)	28 days
Scarborough	$2,158	6.3% ($144)	27 days
Yarmouth	$2,349	2% ($47)	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 $2,302 per month.

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

Apartments in Portland typically rent for between $1,243 and $4,540 per month, with an average of $2,302 per month.

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

In Portland, the average rent for a 1-bedroom apartment is $1,775 per month, for a 2-bedroom apartment, $2,779 per month, and a 3-bedroom apartment is $3,492 per month.

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

The average rent in Portland is 28.6% ($512) higher than the national average of $1,790 per month.

How have rent prices in Portland, ME changed recently?

The average rent in Portland has decreased by 5.2% ($125) in the last month and increased by 2.8% ($62) 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 19 rental properties available in Portland, ME.

Can I afford to rent an apartment in Portland, ME?

Based on the current averages, a household would need an annual income of $111,160 to comfortably afford a 2-bedroom apartment in Portland.