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Portland, ME Homes for Rent

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  • /194

    Starting at $1,757 Per Month

    • 1 - 2 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 $2,347

    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
  • /43

    Starting at $2,183 Per Month

    • Studio - 1 Bed

    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 $2,025 Per Month

    • Studio - 2 Beds

    52 Hanover St, Portland, ME 04101

    Now open! 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),

    The Armature

    52 Hanover St, Portland, ME 04101
  • /35

    Starting at $2,243 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 $2,000 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
  • /35

    Starting at $1,553 Per Month

    • 1 - 2 Beds

    100 Forest Park, Portland, ME 04101

    Princeton on Back Cove apartments in Portland, ME offers spectacular value and an incredible view. Overlooking Back Cove, a picturesque bay bordered by a bicycle path. We are also close to the beautiful Payson Park and the exciting Old Port district of Portland. Great apartment homes and corporate suites in Portland, Maine! Each apartment has windows on three sides, to better experience

    Princeton on Back Cove

    100 Forest Park, Portland, ME 04101
  • /35

    Starting at $1,625 Per Month

    • 1 - 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 $1,722 Per Month

    • 1 - 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
  • /35

    Starting at $1,635 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
  • /25

    Starting at $2,627 Per Month

    • Studio

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

    Starting at $1,492 Per Month

    • Studio - 1 Bed

    643-649 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

    643-649 Congress St, Portland, ME 04101
  • /21

    Starting at $1,737 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 $2,358 Per Month

    • Studio - 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
  • /20

    Starting at $3,000 Per Month

    • 3 Beds

    10 White Birch Ln, Portland, ME 04103

    Spacious 2 & 3 bedroom townhouse style rentals in a private neighbor hood in great location. Located just minutes from both I-95 and 295 for easy commuting and nearby to all that Portland has to offer. Most unit have been freshly updated with new paint, flooring, kitchens, and more. The property is situated in a quiet area, professional managed, 24/hr maintenance, efficient natural gas, snow

    Birchlane

    10 White Birch Ln, Portland, ME 04103
  • /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
  • /20

    $3,500 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,200 Sq Ft
    • House for Rent

    35 Sumac St, Portland, ME 04103

    Property Id: 2747034 Enjoy the comfort and privacy of this beautifully maintained 3-bedroom, 1.5-bath home located on a quiet dead-end street in one of Portland's desirable neighborhoods. With hardwood floors throughout, generous outdoor space, and thoughtful features, this home offers the perfect balance of convenience and charm. The home features two bedrooms upstairs and one bedroom

    35 Sumac St, Portland, ME 04103
  • /7

    $1,650 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    154 Washington Ave, Portland, ME 04101

    Property Id: 2016985 Live in one of Portland's most sought-after neighborhoods! This charming 1-bedroom, 1-bathroom apartment is ideally located on the East End, putting you within walking distance of some of the city's best restaurants, coffee shops, breweries, and local attractions on Munjoy Hill. Start your mornings with a stroll to the nearby Eastern Promenade, where you'll enjoy

    154 Washington Ave, Portland, ME 04101
  • /17

    $2,750 Per Month

    • 2 Beds
    • 1.5 Baths
    • 1,050 Sq Ft
    • Townhouse for Rent

    459 Allen Ave, Portland, ME 04103

    Property Id: 1244676 Well appointed 2 bed 1.5 bath, townhouse condo in North Deering. Updates throughout include fresh paint, new carpet, stainless appliances, granite countertops, custom cabinets. Enjoy your private deck on back of unit, office nook, 2 dedicated parking spots, and plenty of closet storage. Natural gas and baseboard heat for the winter to keep warm (utilities not included).

    459 Allen Ave, Portland, ME 04103
  • /10

    $4,000

    Total Monthly Price

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

    96 North St Unit 1, 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 two bedrooms, there is a dining room, a living room, an office, 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 and dryer in the unit.

    96 North St Unit 1, Portland, ME 04101
  • /32

    $3,000

    Total Monthly Price

    • 3 Beds
    • 1 Bath
    • 1,500 Sq Ft
    • Condo for Rent

    583 Washington Ave Unit 2, Portland, ME 04103

    Sunny Furnished East Deering 3-BR | Steps to Back Cove & Payson Park | Parking IncludedAvailable Sept 1 for a 12 month lease. The perfect Portland "home base.", located at 583 Washington Ave, this bright and spacious 1,500 sq. ft. apartment offers the ideal blend of quiet neighborhood charm and instant access to everything Portland has to offer.Why you'll love

    583 Washington Ave Unit 2, Portland, ME 04103
  • /37

    $2,950

    Total Monthly Price

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

    40 Leland St Unit 2, Portland, ME 04103

    Bright, Pet-Friendly 2BR Across from Baxter Pines Park. In-Unit Laundry Dishwasher Off-Street ParkingUpdated 2-bedroom, 1-bath apartment in a charming Victorian-era building located in Deering Center, one of Portland's most vibrant and walkable neighborhoods. Just blocks from Stevens Avenue cafes and local favorites like Norimoto, Rambler Cafe, and Pat's Market, with Baxter Woods,

    40 Leland St Unit 2, Portland, ME 04103
  • /20

    $2,400

    Total Monthly Price

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

    33 Atlantic St, Portland, ME 04101

    Munjoy Hill one-bedroom. This third-floor apt is fully furnished, and includes all utilities. Very quiet and private. (No shared walls!) Fully equipped galley kitchen, full bath with walk-in shower, living room with sofa and dining table, bedroom, and bonus room for storage. Private entry. Lots of sun/windows. Heat pump provides both cozy heat and air conditioning. Linens and kitchen items fully

    33 Atlantic St, Portland, ME 04101
  • /2

    $1,850

    Total Monthly Price

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

    473 Cumberland Ave Unit 1, Portland, ME 04101

    This 1-bedroom, 1-bathroom apartment at 473 Cumberland Ave offers 650 square feet of living space. The unit features high ceilings, enhancing the overall spacious feel. Laundry facilities are available on-site, providing easy access for residents. The apartment is in a smoke-free building. The living room provides ample space for relaxation and entertainment. The exterior is well-maintained,

    473 Cumberland Ave Unit 1, Portland, ME 04101
  • /11

    $2,995

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • House for Rent

    63 Ninth St, Portland, ME 04103

    Nice, spacious 4 bedroom, 2 bath single family home in great Portland location. Quiet, dead end street, Nice deck and back yard, large finished room in basement, great location and much more.

    63 Ninth St, Portland, ME 04103
  • /2

    $3,246

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,398 Sq Ft
    • Condo for Rent

    537 Congress St Unit 507, Portland, ME 04101

    An authentic landmark, listed on the National Register of historic places, the J.B. Brown building is located at 537 Congress Street. Built in the Queen Ann style, features include asymmetrical facade, irregular surface texture, elaborately decorated gables, and buttresses. Over 60,000 SF of office, retail space, and residential condos, are divided on five floors. Situated in the heart of

    537 Congress St Unit 507, Portland, ME 04101
  • /54

    $4,500

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,115 Sq Ft
    • Condo for Rent

    387 Commercial St Unit 535, Portland, ME 04101

    Sun-filled, newly constructed condominium apartment in Portland's vibrant Old Port. This fifth floor unit in Hobson's Landing boasts 9 foot ceilings, city views from the balcony, and hardwood and tile flooring throughout. Enjoy luxurious living in an airy, inviting atmosphere with a spacious and open kitchen / dining / and living room with gas fireplace. Open the slider for some fresh air or to

    387 Commercial St Unit 535, Portland, ME 04101
  • /56

    $2,825

    Total Monthly Price

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

    175 Pine St Unit 1J, Portland, ME 04102

    One monthly payment includes ; Fully furnished, HD TV., Towels, All dishes and cooking supplies, Heated Garage, Water, Gardening, and Snow removal. 900 ft2: Two-bedroom condo. Condo features: Private entrance, hardwood/ceramic tile floors, granite, crown moldings, washer/dryer, stainless steel appliances, modern open floor plan, HD TV, heated garage. Near western Promenade and Maine Med.

    175 Pine St Unit 1J, Portland, ME 04102
  • /20

    $2,411

    Total Monthly Price

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

    8 Quebec St Unit 2, Portland, ME 04101

    Steps to Portland's Eastern Promenade waterfront, parks, and tennis courts. Located within walking distance to Portland's Old Port District as well as public transportation and a few minutes drive to access US 295. These buildings offer shared coin-operated laundry in the basement of the building and has on-site trash and recycling disposal so no need to worry about pesky city trash bags. Parking

    8 Quebec St Unit 2, Portland, ME 04101
  • /8

    $2,850

    Total Monthly Price

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

    15 Gay St Unit 1st Floor, Portland, ME 04103

    Rosemont, Large, sunny, 1st floor apartment, 3 Bedroom. Quiet, Dead end street. Walk to Rosemont Bakery, Pats Meat Market, Quality Shop, Capisic Park, Baxter Woods, Evergreen Cemetery. UNEHardwood floors, W/D hookup, off street parking, Private back yard.Utilities extra. Tenant application, Lease and deposit. No smoking building.

    15 Gay St Unit 1st Floor, Portland, ME 04103
  • /22

    $3,500

    Total Monthly Price

    • 2 Beds
    • 2 Baths
    • 1,500 Sq Ft
    • Condo for Rent

    7 Atlantic St Unit 1, Portland, ME 04101

    Furnished, long-term rental beginning September 2026.Watch ferries, freighters, and fishing boats from this recently renovated, fully furnished condo that blends history with a bright and airy feel. Renovations of this circa 1845 home provide the unique combination of updated and modern living coupled with historic charm.More than 1,500 square feet of space, oversized windows,

    7 Atlantic St Unit 1, Portland, ME 04101
  • /20

    $2,400

    Total Monthly Price

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

    33 Atlantic St, Portland, ME 04101

    Munjoy Hill one-bedroom. This third-floor apt is fully furnished, and includes all utilities. Very quiet and private. (No shared walls!) Fully equipped galley kitchen, full bath with walk-in shower, living room with sofa and dining table, bedroom, and bonus room for storage. Private entry. Lots of sun/windows. Heat pump provides both cozy heat and air conditioning. Linens and kitchen items fully

    33 Atlantic St, Portland, ME 04101
  • /11

    $2,800

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 1,832 Sq Ft
    • House for Rent

    45 Racine Ave, Portland, ME 04103

    Warm and sunny single family house in the ideal cozy North Deering neighborhood. Located on a quiet cul de sac street, it has all the desired amenities: spacious layout, open concept kitchen, dining, and living room, gorgeous 3-season sunroom, hardwood floors, on site laundry on first floor, stainless steel appliances, granite counter tops, energy efficient natural gas heat, new windows, 2 full

    45 Racine Ave, Portland, ME 04103
  • /20

    $4,500

    Total Monthly Price

    • 4 Beds
    • 2 Baths
    • 1,800 Sq Ft
    • House for Rent

    15 Craigie St, Portland, ME 04102

    Be the first to rent after remodel and upgrade. This is a great 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 the

    15 Craigie St, Portland, ME 04102
  • /3

    $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
  • /49

    $3,000 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
  • /23

    $2,975 Per Month

    • 3 Beds
    • 1.5 Baths
    • 1,310 Sq Ft
    • House for Rent

    121 Wellington Rd, Portland, ME 04103

    Single family Cape in a quiet neighborhood. Renovated in 2020 with new counters, range, dishwasher, and cupboards in kitchen, new sinks in both bathrooms, new laminate floor in bedrooms. Large fenced-in yard, garage, second floor laundry hookups. Previous tenants left behind new HE laundry machines.Tenant pays oil h/hw, electricity & lawncareNo pet dogsNo smoking

    121 Wellington Rd, Portland, ME 04103
  • /10

    $3,150 Per Month

    • 3 Beds
    • 2 Baths
    • 2,050 Sq Ft
    • House for Rent

    5 Settlers Ct, Portland, ME 04103

    3 Bedroom, 2 Bathroom Townhouse for lease located in the beautiful Parson's Pond Association. Move in ASAP. Situated within minutes of downtown Portland. Many amenities - washer, dryer in unit, 1 car garage, 2 spots for street parking, on site pool and tennis court. Includes trash removal, cable, internet. Pets allowed. 1 year lease. First and Security deposit due at signing. 35$ Application

    5 Settlers Ct, Portland, ME 04103
  • /38

    $2,850 Per Month

    • 3 Beds
    • 2 Baths
    • Condo for Rent

    12 Hunt St Unit 1, Portland, ME 04103

    This beautiful 3-bed plus office, 2-bath home is available September 10th. Great layout features off-street parking, mudroom entrance from the back deck, large kitchen with tons of storage and countertop space, island, and room for additional small dining table. A spacious living room is also on the main level. The second level has two large bedrooms and both bathrooms. Top floor has two

    12 Hunt St Unit 1, Portland, ME 04103

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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 $2,775 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while condos 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 $111,000 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 $2,775 per month in Portland, ME, renters typically need to show $8,325 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 17.4, 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 West Bayside, East End, Parkside, Downtown Portland and North Deering, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
46
Median Rent
$2,775
Median Single Family Home Rent
$3,325
Median Townhouse Rent
$1,950
Median Condo Rent
$2,300
How to Rent a Home