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Portland, ME Homes for Rent

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  • /194

    Starting at $2,430 Per Month

    • 2 - 3 Beds

    401 Cumberland Ave, Portland, ME 04101

    Welcome to Back Bay Tower - a beautiful 16-story high-rise offering one of Portland's finest addresses. Ideally located in the heart of the cultural, dining and business district of downtown Portland, Back Bay Tower offers panoramic views of the bays, mountains and city! Enjoy a wealth of luxury amenities including Portland's only rooftop garden, indoor heated swimming pool, state-of-the-art

    Back Bay Tower

    401 Cumberland Ave, Portland, ME 04101
  • /55

    Starting at $2,378

    Total Monthly Price

    • Studio - 2 Beds

    350 Clark's Pond Pkwy, Portland, ME 04106

    Latitude at South Portland is located at 350 Clarks Pond Parkway Portland, ME and is managed by URS Properties. Latitude at South Portland offers Studio to 2 bedroom apartments ranging in size from 387 to 1036 sq.ft. Amenities include Air Conditioner, Efficient Appliances, Elevator, Fitness Center, Large Closets and more. This rental community is pet friendly, welcoming both cats and dogs.

    Latitude at South Portland

    350 Clark's Pond Pkwy, Portland, ME 04106
  • /41

    Starting at $2,099 Per Month

    • Studio - 2 Beds

    201 Federal St, Portland, ME 04101

    Discover elevated downtown Portland living at The Casco—Maine's tallest residential tower featuring an 18th-floor Ocean-View lounge, Modern Designer Interiors, In-Unit Laundry, and unbeatable Walkability in the Heart of the Old Port.Step outside and you're in the heart of it all. J's Oyster Co., Eventide, and Fore Street are steps away. Catch a movie at the Nickelodeon, then grab drinks at Cuties

    The Casco

    201 Federal St, Portland, ME 04101
  • /55

    Starting at $2,000 Per Month

    • Studio - 2 Beds

    52 Hanover St, Portland, ME 04101

    The Armature features 171 modern apartments that draw inspiration from its industrial setting. The Armature offers a variety of spacious studios, one-bedrooms, one-bedroom + offices, two-bedrooms, and two-bedroom + offices throughout its eight floors. Experience an unmatched residential experience complete with high-end finishes, smart home build-ins, private balconies (select units), and luxury

    The Armature

    52 Hanover St, Portland, ME 04101
  • /34

    Starting at $2,087 Per Month

    • Studio - 1 Bed

    144 State St, Portland, ME 04101

    Live in Portland's premier West End community at Nightingale—an upscale, fully renovated landmark, Mercy Hospital, offering all-utilities-included living, stunning Casco Bay views, co-working suites, fitness and yoga/barre studio, and walkable access to the Arts District and Old Port. Modern Units feature stainless steel appliances, granite countertops and In Unit Laundry. At the nexus of

    Nightingale

    144 State St, Portland, ME 04101
  • /40

    Starting at $1,950

    Total Monthly Price

    • 1 Bed

    11 Shepley St, Portland, ME 04101

    Utilities, Internet, basic cable TV included. Best Location. View our property website for additional information.This beautifully renovated elevator building is offering five floors of studio and one-bedroom apartments. Situated within short walking distance to many Downtown Portland attractions. You will be proud to live in this remarkable building. We have modernized the building

    11 Shepley St, Portland, ME 04101
  • /35

    Starting at $1,625 Per Month

    • Studio - 1 Bed

    117 Preble St, Portland, ME 04101

    Now's the perfect time to make 117 Lofts your new home! Studios start at just $1,495, and 1-bedroom apartments are available from $1,600. Contact us now to schedule your tour and secure your new space today!

    117 Lofts

    117 Preble St, Portland, ME 04101
  • /35

    Starting at $2,300 Per Month

    • 2 - 3 Beds

    151 North St, Portland, ME 04101

    Discover Island View Apartments on Munjoy Hill in Portland, Maine. Choose from mixed-income one, two, and three-bedroom flats, lofts, and townhomes with modern features and scenic water views of Back Bay. Enjoy amenities like a fitness center, private balconies or patios, free off-street parking, and 24/7 emergency maintenance. Just minutes from downtown Portland’s shopping, dining, and

    Island View

    151 North St, Portland, ME 04101
  • /30

    Starting at $2,295 Per Month

    • 2 Beds

    41 Winchester Dr, Portland, ME 04103

    Welcome to Winchester WoodsLocated within the desirable neighborhoods of East Deering, this beautiful area sits just outside of Downtown Portland. Winchester Woods is located less than a mile from Portland's multi-published and world renowned food scene, as well as grocery, retail, and Back Bay, which boasts a 3 1/2 mile walking loop around the bay. Family-friendly Payson Park, Portland

    Winchester Woods

    41 Winchester Dr, Portland, ME 04103
  • /25

    Starting at $1,965 Per Month

    • 1 - 4 Beds

    132 Marginal Way, Portland, ME 04101

    Discover the perfect blend of modern living and vibrant community. Contact us now to schedule your tour!

    The Linden

    132 Marginal Way, Portland, ME 04101
  • /25

    Starting at $2,627 Per Month

    • Studio

    46 Market St Unit 5, Portland, ME 04101

    Charming Loft-Style Studio in the Heart of Portland's Old PortExperience the best of downtown Portland living from this charming loft-style studio apartment, perfectly situated in the heart of the historic Old Port district. Surrounded by cobblestone streets, waterfront views, award-winning restaurants, local boutiques, galleries, breweries, and coffee shops, this prime location puts

    46 Market St Unit 5, Portland, ME 04101
  • /18

    Starting at $1,500 Per Month

    • Studio - 1 Bed

    643 Congress St, Portland, ME 04101

    Our apartments at 645 Congress offer the ultimate urban living experience in downtown Portland, Maine. Fifty-six large studio and one-bedroom apartments are situated in a vibrant neighborhood.Located between Longfellow Square and Congress Square, Portland’s thriving Arts District encompasses restaurants, galleries, performance venues, local shops, working art studios, hotels, and the

    645 Congress Apartments

    643 Congress St, Portland, ME 04101
  • /20

    Starting at $2,500 Per Month

    • 2 Beds

    65 Pine St, Portland, ME 04102

    Beautiful, large, 2 BR penthouse apartment in a historic John Calvin Stevens designed building. Apartment features hardwood floors, exposed brick walls, huge living room, full bath with tub, dining room, kitchen, wostation area, in unit washer and dryer. The building has a fenced in garden, sitting area, Weber Grill. Base rent is 2800, utilities are 300 and includes WiFi, heat, electric,

    Thomas Edwards House

    65 Pine St, Portland, ME 04102
  • /22

    Starting at $1,833 Per Month

    • Studio - 2 Beds

    667 Congress St, Portland, ME 04101

    The Hiawatha sits at the entrance to Portland's Arts District—one of the city's most creative and walkable neighborhoods. Across from Longfellow Square, where Longfellow's statue watches over yellow picnic tables and live summer music, this is the heart of Portland's cultural scene.The State Theatre, Portland Museum of Art, and Congress Square Park are all within steps. Three blocks puts you at

    Hiawatha

    667 Congress St, Portland, ME 04101
  • /24

    Starting at $2,506 Per Month

    • 1 - 2 Beds

    1006 Congress St, Portland, ME 04102

    JM REAL ESTATE REPRESENTS MULTIPLE APARTMENT BUILDINGS IN PORTLAND MAINE: THIS POSTING REFERS TO RENTAL UNITS LOCATED AT:-1006 CONGRESS STREET PORTLAND, ME 04102AND-50 MONUMENT SQUARE PORTLAND, ME 04101**WHEN INQUIRING: PLEASE SPECIFY IF YOU ARE INTERESTED IN 50 MONUMENT SQUARE OR 1006 CONGRESS STREET. PLEASE READ THE DESCRIPTION OF EACH BUILDING AS AMENITIES DIFFER AT

    JM Real Estate Portland Rentals

    1006 Congress St, Portland, ME 04102
  • /18

    Starting at $1,850 Per Month

    • 2 Beds

    723 Riverside St, Portland, ME 04103

    Terrace Pond is convenient to I-95, Rt. 302, the Sebago Lakes region, shopping, fitness centers, golfing, dining and more! Beautifully landscaped in garden style, these two bedroom units all have private decks and include dishwasher, disposal, air conditioning, gas heat, laundry facilities, parking, wall-to-wall carpeting, swimming pool. For your convenience, we also have 24 hour emergency

    Terrace Pond

    723 Riverside St, Portland, ME 04103
  • /11

    $1,750 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    1 Horton Place Unit 1, Portland, ME 04102

    Property Id: 2814576 IMPORTANT NOTE: This listing is for individual rooms in a townhouse style apartment. Rental of the entire unit is negotiable depending on availability. Furnished bedrooms in a shared 2-bedroom, 1-bathroom townhouse-style unit. Each bedroom is rented separately, and tenants will share the kitchen, living room, bathroom, and other common areas. Prime

    1 Horton Place Unit 1, Portland, ME 04102
  • /20

    $2,300 Per Month

    • 3 Beds
    • 2 Baths
    • 1,450 Sq Ft
    • Condo for Rent

    17 Elizabeth St, Portland, ME 04108

    Furnished Executive Rental | Available October–May (Flexible) Enjoy the charm of island living with the convenience of Portland just a short ferry ride away. This fully furnished executive rental is available October through May (flexible dates negotiable) and offers a turnkey, move-in-ready experience. Simply bring your suitcase and settle in. Spend the quieter seasons enjoying everything

    17 Elizabeth St, Portland, ME 04108
  • /42

    $2,900 - $3,000

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,200 Sq Ft
    • Condo for Rent

    23 Pembroke St, Portland, ME 04103

    *** NOTE: THE WIDE-ANGLE PHOTOS MAKE THE SPACE APPEAR SMALLER THAN IT TRULY IS ***——————————————————This beautiful family-owned triplex was rebuilt with a spacious floor plan, new finishes, and new appliances. All units receive abundant sunshine, and the property sits on a whisper-quiet street. Additionally, you won’t have to worry about winter parking bans on Pembroke St. We respond to

    23 Pembroke St, Portland, ME 04103
  • /18

    $2,970

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 888 Sq Ft
    • Condo for Rent

    45 Eastern Promenade Unit 2F, Portland, ME 04101

    The Portland House on the Eastern Promenade: one of the best addresses in Portland! This 1 bedroom 1 bath unit with gorgeous views of the Portland harbor was totally renovated with high end cabinets and appliances in 2017-18. The hardwood floors have been freshly refinished and the unit repainted. Amenities include spectacular views of Casco Bay from both rooms, open concept, air conditioning,

    45 Eastern Promenade Unit 2F, Portland, ME 04101
  • /20

    $1,695

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 650 Sq Ft
    • Condo for Rent

    115 Carlyle Rd Unit 1, Portland, ME 04103

    115 Carlyle Road, Back Bay | PortlandCompleted rental application required prior to viewing the unit.No smoking, vaping, pets.Super clean one bedroom apartment available now in Back Cove neighborhood. (Left side, this is a two unit building) Apartment has one bedroom, living room, eat in kitchen, and GARAGE! Washer dryer hook ups in a dedicated laundry/utility room. No smoking, no

    115 Carlyle Rd Unit 1, Portland, ME 04103
  • /20

    $2,365

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    247 Allen Ave Unit 1, Portland, ME 04103

    247 Allen Avenue, Apartment #1 Portland, ME 04103 North DeeringAvailable Now $2,365 per Month. All utilities included!**Applications must be completed before viewing the unit**Enjoy this well-maintained first-floor, two-bedroom apartment located in quiet building, offering a peaceful living environment while remaining conveniently located in Portland’s desirable North Deering

    247 Allen Ave Unit 1, Portland, ME 04103
  • /16

    $1,630

    Total Monthly Price

    • Studio
    • 1 Bath
    • 280 Sq Ft
    • Condo for Rent

    280 State St Unit 2, Portland, ME 04101

    $1630/month - Studio apartment available on the Portland peninsula. Historic John Calvin Stevens building with many period details as well as recent updates. This studio unit offers an efficiency kitchen, closet, and tile bathroom. The property features a fenced in rear yard and one off street parking space for tenant. Located next to Deering Oaks Park which is great for summer farmers markets,

    280 State St Unit 2, Portland, ME 04101
  • /11

    $1,500

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    91 Emery St Unit 3, Portland, ME 04102

    Located in the desirable West End neighborhood this is a clean, quiet and spacious 1 bedroom apartment on the top, third, floor. No pets. No exceptions. Must pass a background and credit check.Enjoy this great location within walking distance to Longfellow Square in Portland's Historical West End district. Walking distance from many restaurants, coffee shops, the Arts district, the Old

    91 Emery St Unit 3, Portland, ME 04102
  • /50

    $2,400

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 772 Sq Ft
    • Condo for Rent

    25 High St Unit 506, Portland, ME 04101

    Welcome to 25 High Street- Downtown Portland at your doorstep! This 1 bed/1bath unit has an open floor plan, huge windows, and great space for entertaining. Large kitchen opens into living room & bar seating. Large bedroom offers space for desk. Granite kitchen counters, stainless steel appliances, walk-in glass shower, beautiful hardwood floors. In-unit laundry, storage, fitness center, elevator

    25 High St Unit 506, Portland, ME 04101
  • /9

    $3,800

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,400 Sq Ft
    • Condo for Rent

    96 North St Unit First Floor, Portland, ME 04101

    This first-floor, unfurnished apartment offers 1400 sf living space with high ceilings, hardwood floors, and lots of sunshine. In addition to the main bedrooms, there is a dining room, a living room, an optional office or bedroom, and a substantial storage room. Two entryways and a deck to enjoy outdoor meals. The kitchen is fully equipped with a dishwasher, refrigerator, and freezer. Washer

    96 North St Unit First Floor, Portland, ME 04101
  • /12

    $2,070

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 700 Sq Ft
    • Condo for Rent

    48 State St Unit 21, Portland, ME 04101

    12-month lease · $2,070 deposit · Available November 1 · 700 sq ftSunny, beautiful second-floor one-bedroom in a historic building, in the heart of the West End — a few blocks from downtown, the Old Port, MMC, and MECA, halfway between the Western Prom and the Old Port. This walkable neighborhood is known for its restaurants, water views, art museums, and easy access to the waterfront

    48 State St Unit 21, Portland, ME 04101
  • /9

    $2,300

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 875 Sq Ft
    • Condo for Rent

    28 Saint George St Unit 3, Portland, ME 04103

    Bright and sunny third floor apartment, new paint, new counter tops and stove. Hardwood floors. One off street parking space.Inquire about incentives for this unit.

    28 Saint George St Unit 3, Portland, ME 04103
  • /20

    $4,000

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 1,500 Sq Ft
    • House for Rent

    15 Craigie St, Portland, ME 04102

    Be the first to rent after remodel and upgrade. This is an excellent opportunity for moving into a great neighborhood, which is a one minute walk to public transit (Portland Metro bus stop), and a 5 minute walk to a large grocery store and pharmacy. The house is in close proximity to Thompson's point and the Portland transportation hub (bus and train station).There is lots of storage space in

    15 Craigie St, Portland, ME 04102
  • /16

    $1,700

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 780 Sq Ft
    • Condo for Rent

    175 Pine St Unit 2-H, Portland, ME 04102

    Historic west end second floor condo in The Williamsburg building on the corner of Pine and Vaughn Streets. 5 minute walk to Maine Medical Center. Central courtyard and 1 heated underground garage space with small storage area. Granite/stainless kitchen with dishwasher. Washer/dryer (pay by app) in building. Rent includes water and trash. Maximum occupancy of 2. No pets or smoking.

    175 Pine St Unit 2-H, Portland, ME 04102
  • /19

    $1,850 - $2,375

    Total Monthly Price

    • Studio - 1 Bed
    • 1 Bath
    • 429 Sq Ft
    • Condo for Rent

    602 Congress St, Portland, ME 04101

    Beautifully Remodeled Condominiums for rent in Portland’s Arts District: Experience downtown Portland living at 602 Congress Street, a historic building thoughtfully updated with modern finishes while retaining its architectural character. This completely remodeled studio features hardwood floors, high ceilings, new windows, granite countertops, stainless steel appliances, and an in-unit

    602 Congress St, Portland, ME 04101
  • /64

    $3,659

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    46 Turner St Unit 2, Portland, ME 04101

    2nd Floor Unit - Luxurious and Cozy 2 bedroom, 1 bathroom condominium featuring charcoal stained maple hardwood floors and tile floors throughout, with private deck/patio! Open-concept living-room/kitchen area with aquamarine glass backsplash tiles, quartz countertops, breakfast bar with seating, in-unit washer/dryer and stainless steel appliances like slide in range. Enjoy the awning windows and

    46 Turner St Unit 2, Portland, ME 04101
  • /13

    $3,200

    Total Monthly Price

    • 3 Beds
    • 1.5 Baths
    • 1,600 Sq Ft
    • Townhouse for Rent

    65 Fall Brook St, Portland, ME 04103

    REDUCED RATE: $3,200/MONTH!! Spacious 3BED/1.5BATH townhouse on a quiet street in East Deering area of Portland. Huge bedrooms with large closets. Open living area. Hardwood and vinyl plank flooring. Two off street parking spaces. One year lease required. Pets allowed with deposit and fee. No smoking. Rent includes cold water and sewage. Tenants pay for electric for hot water and heat. Natural

    65 Fall Brook St, Portland, ME 04103
  • /24

    $2,175

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    11 Ponce St Unit 1, Portland, ME 04101

    11 Ponce Street, #1 (First Floor)East End, PortlandCompleted application required before showing the unit.Newly available first floor two bedroom unit! This quality East End apartment has large rooms with a unique floor plan. Front living room which spans the entire width of the home. Nice, clean, eat in kitchen with ample cabinet and closet space. Full sized refrigerator and

    11 Ponce St Unit 1, Portland, ME 04101
  • /19

    $1,650 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    58 Portland St Unit 109, Portland, ME 04101

    Property Id: 2861664 Bright 1-bedroom second-floor corner condo with open views over Back Bay and the Time & Temperature sign, plus a dedicated parking space right at the entrance. Hardwood floors flow through the sun-filled living room; the primary bedroom offers a private full bath and deep closet. Efficient Rinnai gas direct-vent heat with electric baseboard backup keeps costs low, while

    58 Portland St Unit 109, Portland, ME 04101
  • /18

    $1,500 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    290 Baxter Blvd Unit 33, Portland, ME 04101

    Property Id: 2856579 Perfectly positioned across from beautiful Back Cove, this 1 bedroom, 1 bath Ricker Park condo delivers the kind of gracious Portland living you've been looking for. Hardwood floors and crown molding speak to the beautifully preserved vintage character that makes this building so special, and a sunny exposure keeps things bright throughout. The kitchen is in perfect

    290 Baxter Blvd Unit 33, Portland, ME 04101
  • /17

    $1,894 Per Month

    • 3 Beds
    • 1 Bath
    • 1,700 Sq Ft
    • Condo for Rent

    440-440 St John St Unit 438, Portland, ME 04102

    3-Bedroom Apartment at 438 St. John St.438 St. John St, Portland, METhis spacious 3-bedroom, 1-bathroom apartment offers approximately 1,700 sq. ft. of comfortable living space in Portland. The unit features washer/dryer hookups and off-street parking for two vehicles in tandem.Rental DetailsRent: $1,974/month ($1,894/month through February 28, 2027)Available:

    440-440 St John St Unit 438, Portland, ME 04102
  • /31

    $3,100 Per Month

    • 2 Beds
    • 1 Bath
    • 1,250 Sq Ft
    • Condo for Rent

    481 Danforth St Unit 2, Portland, ME 04102

    481 Danforth Street, Unit 2, Portland, ME Listed by Hive Property Management Welcome to 481 Danforth Street, Unit 2 - a spacious 2-bedroom, 1-bath apartment offering beautiful views of the Fore River and a great combination of city convenience, outdoor access, and off-street parking. The unit has been recently refinished and features hardwood floors, granite countertops, abundant

    481 Danforth St Unit 2, Portland, ME 04102
  • /21

    $2,900 Per Month

    • 2 Beds
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    180 High St Unit 34, Portland, ME 04101

    Welcome to this charming 2 bedroom, 1 bathroom apartment located in the heart of downtown Portland, ME. This secure building offers elevator access, a coin-op laundry facility, and a private storage unit for your convenience. Enjoy the outdoor courtyard for relaxing or entertaining guests. The unit features stainless steel appliances, high ceilings, marble kitchen flooring, and heated tile

    180 High St Unit 34, Portland, ME 04101
  • /2

    $2,800 Per Month

    • 1 Bed
    • 1.5 Baths
    • 910 Sq Ft
    • Townhouse for Rent

    383 Commercial St, Portland, ME 04101

    910 Sq Ft, Gas fireplace, Electric Heatpumps, Secure covered parking space, radiant flooring in bathroom, Gas Stove, stainless steel appliance, large balcony, hard wood floors throughout, large bedroom, wardrobe closet, in unit washer and dryer, high speed internet Portland, Maine living in the heart of the Old Port, Portland's historic waterfront neighborhood is luxury living at it's best!

    383 Commercial St, Portland, ME 04101

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Why Live in Portland

Portland's historic Old Port district features cobblestone streets lined with local shops and working waterfront views. The Eastern Promenade provides scenic walking paths overlooking Casco Bay and its islands, while the iconic Portland Head Light lighthouse stands guard at nearby Fort Williams Park. Food lovers flock to acclaimed restaurants like Eventide Oyster Company for their brown butter lobster rolls and Fore Street for locally-sourced fine dining featured on Anthony Bourdain's shows. The arts scene thrives with the Portland Museum of Art's modern collections and Victoria Mansion's preserved 19th-century architecture. Outdoor recreation includes kayaking Casco Bay, cycling the Back Cove trail on Baxter Boulevard, and exploring Peaks Island by bike.

The median sale price for homes in Portland is $580,000. Single-family homes in the West End command a median price of $1,550,000, while Back Cove's median is $687,500. Downtown Portland one-bedroom condos have a median price of $542,500, with two-bedrooms at $971,300. The East End sees median condo prices of $498,500 for one-bedrooms and $807,500 for two-bedrooms.

Living costs run 12.6% above the national average. A family with school-age children needs $119,000 annually to live comfortably, including $38,000 for housing and $19,000 for groceries. Cumberland County's property tax rate is 1.11%, while Maine's state income tax is 7.15% on $76,320 earnings. The state sales tax rate is 5.50% with no additional local taxes. Gasoline costs $3.305 per gallon. Private schools like Waynflete School serve multiple neighborhoods with A+ ratings, while Frank H. Harrison Middle School ranks among the top public options. The University of Southern Maine maintains its main campus in Portland.

Frequently Asked Questions

How much does it cost to rent a home in Portland, ME?
The median rent for a home in Portland, ME is $2,600 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, ME?
To comfortably afford the median rent in Portland, ME, a household needs to earn roughly $104,000 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 $2,600 per month in Portland, ME, renters typically need to show $7,800 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, ME?
In Portland, ME, the price-to-rent ratio is 18.2, 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, ME are best for renting a home?
The best neighborhood for renting in Portland, ME depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Back Cove, Oakdale, Deering Center, West Bayside and East End, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
64
Median Rent
$2,600
Median Single Family Home Rent
$3,313
Median Townhouse Rent
$2,475
Median Condo Rent
$2,444
How to Rent a Home