Portland, ME Homes for Rent

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  /164

  Starting at $2,400 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

  (207) 888-9729

  

  401 Cumberland Ave, Portland, ME 04101
• Explore Portland

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  /55

  Starting at $2,367

  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

  (207) 503-2355

  

  350 Clark's Pond Pkwy, Portland, ME 04106
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  /59

  Starting at $1,990 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

  (855) 479-2299

  

  201 Federal St, Portland, ME 04101
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  /55

  Starting at $2,029 Per Month

  • Studio - 1 Bed

  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

  (207) 888-4719

  

  52 Hanover St, Portland, ME 04101
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  /34

  Starting at $1,775 Per Month

  • Studio - 2 Beds

  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

  (207) 518-7295

  

  144 State St, Portland, ME 04101
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  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

  (207) 387-9944

  11 Shepley St, Portland, ME 04101
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  /35

  Starting at $2,025 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

  (207) 808-7331

  

  132 Marginal Way, Portland, ME 04101
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  Starting at $1,326 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

  (207) 503-2169

  

  100 Forest Park, Portland, ME 04101
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  Starting at $1,174 Per Month

  • Studio - 3 Beds

  1375 Forest Ave, Portland, ME 04103

  Princeton Pines apartments in Portland, Maine offers spacious one and two bedroom garden style apartment homes, available as either a conventional unfurnished residence or fully appointed corporate suite for those staying just a short time, plus two or three bedroom town homes and a select few of studio apartment homes. Residents enjoy the community's comfortable suburban ambiance and easy access

  Princeton Pines

  (207) 558-0794

  

  1375 Forest Ave, Portland, ME 04103
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  /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

  (877) 652-5991

  

  41 Winchester Dr, Portland, ME 04103
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  /35

  Starting at $1,765 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

  (207) 387-7620

  

  117 Preble St, Portland, ME 04101
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  Starting at $1,650 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

  (844) 461-2086

  723 Riverside St, Portland, ME 04103
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  /18

  Starting at $1,500 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

  (207) 405-0401

  

  643-649 Congress St, Portland, ME 04101
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  Starting at $1,997 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

  (207) 387-8094

  

  667 Congress St, Portland, ME 04101
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  Starting at $1,999 Per Month

  • Studio - 1 Bed

  1006 Congress St, Portland, ME 04102

  JM REAL ESTATE REPRESENTS MULTIPLE APARTMENT BUILDINGS IN PORTLAND MAINE: THIS POSTING REFERS TO RENTAL AVAILABILITIES LOCATED AT:-1006 CONGRESS STREET PORTLAND, ME 04102-50 MONUMENT SQUARE PORTLAND, ME 04101**WHEN INQUIRING: PLEASE SPECIFY IF YOU ARE INTERESTED IN 50 MONUMENT SQUARE OR 1006 CONGRESS STREET.**1006 CONGRESS STREET PORTLAND, ME 04102The apartments at

  JM Real Estate Portland Rentals

  (207) 387-9477

  1006 Congress St, Portland, ME 04102
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  Starting at $1,775 Per Month

  • 2 Beds

  1500 Forest Ave, Portland, ME 04103

  At Forest Glen Apartments we strive to make the leasing process for our residence as smooth as possible. This community features off-street parking, plenty of green space, washer/dryer hookup in unit + coin-operated machines, office staff on-site & emergency maintenance. Wonderful location! Just minutes away. from downtown Portland. Forest Glen is managed by Portland Apartments, a family owned &

  Forest Glen Apartments

  (207) 387-7561

  1500 Forest Ave, Portland, ME 04103
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  Starting at $1,834 Per Month

  • 1 - 4 Beds

  27B Mountfort St, Portland, ME 04101

  An income restricted property originally constructed in 1967 as an affordable housing property, Munjoy South was Maine’s largest housing project being funded by the federal Urban Renewal program. The family complex consists of 140 units spread across 29 townhouses in the Munjoy Hill neighborhood, all of which overlook the harbor and eastern waterfront in a rapidly gentrifying neighborhood of

  Munjoy South Townhouses

  (207) 387-7495

  

  27B Mountfort St, Portland, ME 04101
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  $2,600 Per Month

  • 3 Beds
  • 1 Bath
  • Condo for Rent

  27 Frederic St Unit B, Portland, ME 04102

  Property Id: 2395215Welcome to 27 Frederic St, Apt B — a bright and sunny 3-bedroom, 1-bath apartment located on the second floor of a charming, small multi-family building near Portland’s highly desirable West End and Maine Medical Center.This spacious home offers beautiful natural light throughout, three true bedrooms, and a comfortable, functional layout with extra storage

  (816) 325-3760

  27 Frederic St Unit B, Portland, ME 04102
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  /9

  $1,995 Per Month

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

  19 Crescent St Unit 1, Portland, ME 04102

  Property Id: 1748461FURNISHED - Sunny, cute SECOND FLOOR ONE BR in charming older building with quiet, long-term neighbors. Includes heat, hot water, basic internet. GREAT LOCATION! Walk your dog on the Western Prom, Tandem Coffee, Hot Suppa, Longfellow bar, Quiero cafe, Bramhall Pub and more, or continue to downtown and the old port. High ceilings. Laundry in basement, excellent views.

  (207) 503-3262

  19 Crescent St Unit 1, Portland, ME 04102
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  /13

  $1,995 Per Month

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

  19 Crescent St Unit 4, Portland, ME 04102

  Property Id: 1818541Sunny, cute SECOND FLOOR ONE BR in charming older building with quiet, long-term neighbors. Includes heat, hot water, basic internet. GREAT LOCATION! Walk your dog on the Western Prom, Tandem Coffee, Hot Suppa, Longfellow bar, Quiero cafe, Bramhall Pub and more, or continue to downtown and the old port. High ceilings. Laundry in basement, excellent views. Next to Maine

  (207) 503-3698

  19 Crescent St Unit 4, Portland, ME 04102
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  $2,350 - $2,650

  Total Monthly Price

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

  10 Pine St, Portland, ME 04102

  Beautiful, spacious 1 BR apartment in the heart of the west end. Within a block of dozens of restaurants, music clubs, cafe's, museums. Apartment features hardwood floors, gas stove, AC, free washer and dryer, ample closet space and extra storage in the basement. The bedroom is huge.Lease terms are negotiable and can range from 5 to 17 months. Also can be rented furnished or not, pets

  10 Pine St, Portland, ME 04102
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  $1,732 - $3,246

  Total Monthly Price

  • 1 - 2 Beds
  • 2 Baths
  • 692 Sq Ft
  • Condo for Rent

  537 Congress St, 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, Portland, ME 04101
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  /97

  $1,732 - $3,246

  Total Monthly Price

  • 1 - 2 Beds
  • 2 Baths
  • 692 Sq Ft
  • Condo for Rent

  537 Congress St, 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, Portland, ME 04101
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  /20

  $2,200

  Total Monthly Price

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

  33 Atlantic St Unit 3, Portland, ME 04101

  Sweet and cozy studio with everything you need in Portland's nicest neighborhood. Plug and play living: fully furnished, super-high speed internet, water, heat, and electricity are all included. This unit has been perfectly maintained. Easy street parking. Really nice bathroom with full shower; great little kitchen. Queen bed, wall mount tv. Outdoor patio in front of unit for your use.

  33 Atlantic St Unit 3, Portland, ME 04101
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  /19

  $2,350 - $2,650

  Total Monthly Price

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

  10 Pine St, Portland, ME 04102

  Beautiful, spacious 1 BR apartment in the heart of the west end. Within a block of dozens of restaurants, music clubs, cafe's, museums. Apartment features hardwood floors, gas stove, AC, free washer and dryer, ample closet space and extra storage in the basement. The bedroom is huge.Lease terms are negotiable and can range from 5 to 17 months. Also can be rented furnished or not, pets

  10 Pine St, Portland, ME 04102
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  $3,200

  Total Monthly Price

  • 1 Bed
  • 1.5 Baths
  • 1,000 Sq Ft
  • Condo for Rent

  241 Cumberland Ave Unit Sunny Downtown Furnished, Portland, ME 04101

  Spacious, furnished 1 bedroom condo that is a corner unit with a private patio giving you a your own relaxing space while the best of Portland is at your doorstep. This is a gem of an apartment that offers the perfect blend of convenience, character and comfort. The hardwood floors and artistic touches feel serene and sophisticated. It has an open floor plan that optimizes the space,

  241 Cumberland Ave Unit Sunny Downtown Furnished, Portland, ME 04101
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  $1,800

  Total Monthly Price

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

  473 Cumberland Ave Unit 1, Portland, ME 04101

  Rental assistance accepted ( section 8 and others. This 1-bedroom, 1-bathroom apartment at 473 Cumberland Ave offers 700 square feet of living space. The unit features high ceilings, enhancing the overall spacious feel. The kitchen includes a dishwasher for added convenience. Laundry facilities are available on-site, providing easy access for residents. The apartment is smoke-free and offers

  473 Cumberland Ave Unit 1, Portland, ME 04101
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  /97

  $1,732 - $3,246

  Total Monthly Price

  • 1 - 2 Beds
  • 2 Baths
  • 692 Sq Ft
  • Condo for Rent

  537 Congress St, 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, Portland, ME 04101
• 

  

  /97

  $1,732 - $3,246

  Total Monthly Price

  • 1 - 2 Beds
  • 2 Baths
  • 692 Sq Ft
  • Condo for Rent

  537 Congress St, 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, Portland, ME 04101
• 

  

  /10

  $2,600

  Total Monthly Price

  • 3 Beds
  • 1 Bath
  • 1,000 Sq Ft
  • Condo for Rent

  27 Frederic St Unit 27B, Portland, ME 04102

  Welcome to 27 Frederic St, Apt B — a bright and sunny 3-bedroom, 1-bath apartment located on the second floor of a charming, small multi-family building near Portland’s highly desirable West End and Maine Medical Center. This spacious home offers beautiful natural light throughout, three true bedrooms, and a comfortable, functional layout with extra storage space. The second-floor location

  27 Frederic St Unit 27B, Portland, ME 04102
• 

  

  /97

  $1,732 - $3,246

  Total Monthly Price

  • 1 - 2 Beds
  • 2 Baths
  • 692 Sq Ft
  • Condo for Rent

  537 Congress St, 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, Portland, ME 04101
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  /25

  $2,995

  Total Monthly Price

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

  64 Grant St Unit 1, Portland, ME 04101

  Newly renovated sunny, sprawling 2 bedroom apartment with high ceilings, stained glass windows and gleaming hardwood floors in the desirable Parkside neighborhood. Brand new chefs kitchen with tons of storage, all new stainless steel appliances, quartz countertops, tiled backsplash, deep sink and range with vented hood. Additionally, there is a washer and dryer in the pantry off the kitchen.

  64 Grant St Unit 1, Portland, ME 04101
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  $7,500

  Total Monthly Price

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

  10 Exchange St Unit 301, Portland, ME 04101

  FULLY FURNISHED: 2 bed/1 bath, with open concept living areaINCLUDES: (1) Parking Spot, Wifi, Electricity, Gas, Hot Water, Access to Free Laundry Room---------------We’re pleased to list this apartment in the liveliest area of Portland, Maine. This appointed space is full of historic charm with vaulted ceilings, exposed brick and oversized windows - a nod to

  10 Exchange St Unit 301, Portland, ME 04101
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  $1,750 - $2,000

  Total Monthly Price

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

  31 Deering St, Portland, ME 04101

  Property is a white brick building on the corner of State Street and Deering Street. The property has plenty of character and charm throughout. It is conveniently located just one block from Longfellow Square and the Art's district.

  31 Deering St, Portland, ME 04101
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  /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
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  $2,250

  Total Monthly Price

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

  16 Alba St Unit 16, Portland, ME 04103

  Charming 3-Bedroom Apartment in Deering CenterRent: $2,250/monthSecurity Deposit: $2,250This sunny and spacious 3-bedroom, 1-bathroom apartment offers the perfect blend of comfort, convenience, and charm. Nestled in a highly sought-after neighborhood, you'll enjoy walking distance to local favorites such as Pat’s Meat Market, Quality Shop, Noble Pizzeria & BBQ, and top-rated

  16 Alba St Unit 16, Portland, ME 04103
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  /97

  $1,732 - $3,246

  Total Monthly Price

  • 1 - 2 Beds
  • 2 Baths
  • 692 Sq Ft
  • Condo for Rent

  537 Congress St, 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, Portland, ME 04101
• 

  

  /8

  $1,750 - $2,000

  Total Monthly Price

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

  31 Deering St, Portland, ME 04101

  Property is a white brick building on the corner of State Street and Deering Street. The property has plenty of character and charm throughout. It is conveniently located just one block from Longfellow Square and the Art's district.

  31 Deering St, Portland, ME 04101
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  /29

  $5,000

  Total Monthly Price

  • 5 Beds
  • 2.5 Baths
  • 1,914 Sq Ft
  • House for Rent

  252 State St, Portland, ME 04101

  Call today for a showing! This beautiful, spacious 3-story Victorian home will be available 7/15/26 at $5,000/month plus utilities. This home features off street parking for one vehicle and a little courtyard in the back for enjoyment. 5 bd/2.5 ba with approximately 1920 Sq. Ft. Pets okay with owner approval/pet deposit. City of Portland purple bags are required. This is a diamond location near

  252 State St, Portland, ME 04101
• 

  

  /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

Showing Results 1 - 40, Page 1 of 2

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.

Learn more about living 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 $2,275 per month, though prices vary by neighborhood, size, and property type. As of June 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 $91,000 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 $2,275 per month in Portland, ME, renters typically need to show $6,825 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 21.6, 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 East End, Downtown Portland, West Bayside, Parkside and West End, each with its own character and price range.

Rental Home Trends in Portland, ME

There are currently 53 homes available for rent in Portland, ME. The median rent is $2,275 per month, with single-family homes renting at $3,750, townhouses at $2,280 and condos at $2,200.

Rental Home Trends

Number of Homes for Rent

53

Median Rent

$2,275

Median Single Family Home Rent

$3,750

Median Townhouse Rent

$2,280

Median Condo Rent

$2,200