$1,050 Per Month
- 1 Bed
- 1 Bath
- 900 Sq Ft
- Condo for Rent
1297 Portland-Cobalt Rd Unit 3, Portland, CT 06480
Frequently Asked Questions
How much does it cost to rent a condo in Portland, CT?
The median rent for a condo in Portland, CT is $1,652 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Portland, CT?
To comfortably afford the median rent in Portland, CT, a household needs to earn roughly $67,280 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,682 per month in Portland, CT, renters typically need to show $5,046 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Portland, CT?
In Portland, CT, the price-to-rent ratio is 19.3, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Portland, CT are best for renting a condo?
The best neighborhood for renting in Portland, CT depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include South End and Barry Square, each with its own character and price range.
