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Portland, IN Home for Rent

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    $725 Per Month

    • Studio
    • 1 Bath
    • 600 Sq Ft
    • House for Rent

    302 N Meridian St, Portland, IN 47371

    Commercial space that would be great for an office or retail setting. Located directly on Meridian St. (Highway 27) in downtown Portland. This space has been updated recently with new wall and floor coverings. The space features a large show room and a large conference room.Please apply at These additional charges may apply:1) Cleaning Fee: 150.00 one time (Non Refundable )

    302 N Meridian St, Portland, IN 47371

Why Live in Portland

Portland, IN, a small city with a population of just over 6,000, offers a laid-back lifestyle and a rich heritage dating back to 1835. Located about 10 miles from the Ohio border, Portland serves as the seat of Jay County and is home to various county services. The community boasts several attractions, including Arts Place, a nonprofit organization and art gallery that hosts classes, events, and performances, and the annual Tri-State Gas Engine and Tractor Show, which draws large crowds every August. Outdoor enthusiasts can enjoy five parks, the Portland Waterpark, and Hudson Family Park, which features walking trails, a dog park, a fishing pond, a disc golf course, a playground, and an amphitheater for concerts. Golfers have access to Portland Golf Club and Wabash Valley Golf Club in nearby Geneva. The housing market primarily consists of homes built from the early 1900s through the 1980s, with styles ranging from Victorian and National to bungalow and ranch. Portland's median home price is around $150,000, lower than nearby Berne. The city has a strong manufacturing base, low unemployment rate, and a low cost of living, attracting commuters from surrounding areas. Dining options include Mexican fare at El Camino Real, Cuervo’s Tacos, and Milenio Mexican Restaurant, as well as pizza at Chicago’s or Greek’s. The Greazy Pickle is popular for its breaded tenderloins. Residents can shop at Walmart and specialty stores like Fisher Meats and Jalisco Mexican Store. Jay County High School offers students the opportunity to earn up to 30 college credits through Indiana College Core.

Frequently Asked Questions

How much does it cost to rent a home in Portland, IN?
The median rent for a home in Portland, IN is $725 per month, though prices vary by neighborhood, size, and property type. As of May 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Portland, IN?
To comfortably afford the median rent in Portland, IN, a household needs to earn roughly $29,000 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 $725 per month in Portland, IN, renters typically need to show $2,175 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, IN?
In Portland, IN, the price-to-rent ratio is 15.5, 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, IN are best for renting a home?
The best neighborhood for renting in Portland, IN depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Southeast Muncie and Southside, each with its own character and price range.

Rental Home Trends in Portland, IN

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$725
Median Single Family Home Rent
$725
How to Rent a Home