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.
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What to Know About
Life in South Portland & Beyond
South 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
South Portland, ME
As of June 2026, South Portland's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. South Portland's average rent is 10.0% ($196) higher than the Maine average of $1,969 and 20.5% ($368) higher than the U.S. average of $1,797.
Average Rent
$2,165
Monthly ChangeMonth Over Month Change
14.2% ($357)
Yearly ChangeYear Over Year Change
3.2% ($72)
Avg. Days on MarketAverage Days on Market
24
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,734 | 6.6% ($122) | 13.3% ($267) |
| 2 Beds | $2,185 | 9.8% ($238) | 10.6% ($260) |
| 3 Beds | $2,455 | 18.5% ($556) | 10.6% ($291) |
| Nearby Cities | Average Rent | Avg. Rent vs. South PortlandAverage Rent vs. South Portland | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Portland | $2,402 | 10.9% ($237) | 26 days |
| Westbrook | $2,253 | 4.1% ($88) | 26 days |
| Scarborough | $2,690 | 24.2% ($525) | 27 days |
| Falmouth | $2,425 | 12% ($260) | 28 days |
| Old Orchard Beach | $1,736 | 19.8% ($429) | 57 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
South Portland Rental Market FAQs
Explore rental prices, market trends, and availability in South Portland, ME.
The average rent in South Portland, ME is $2,165 per month.
Apartments in South Portland typically rent for between $1,214 and $3,192 per month, with an average of $2,165 per month.
In South Portland, the average rent for a 1-bedroom apartment is $1,734 per month, for a 2-bedroom apartment, $2,185 per month, and a 3-bedroom apartment is $2,455 per month.
The average rent in South Portland is 20.5% ($368) higher than the national average of $1,797 per month.
The average rent in South Portland has decreased by 14.2% ($357) in the last month and decreased by 3.2% ($72) over the past year.
The rental market in South Portland, ME, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In South Portland, ME, the average rental stays on the market for approximately 24 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 5 rental properties available in South Portland, ME.
Based on the current averages, a household would need an annual income of $87,400 to comfortably afford a 2-bedroom apartment in South Portland.
