Studio Apartments for Rent in Portland, ME

/55
Starting at $2,188 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
Explore Portland
/58
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
/33
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
/35
Starting at $1,610 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
/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
/22
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

Maine Cumberland County Portland

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 May 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 $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 21.2, 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.

Rental Home Trends in Portland, ME

There are currently 6 homes available for rent in Portland, ME. The median rent is $2,275 per month, with single-family homes renting at $4,675, townhouses at $2,100 and condos at $2,250.

Rental Home Trends

Number of Homes for Rent

Median Rent

$2,275

Median Single Family Home Rent

$4,675

Median Townhouse Rent

$2,100

Median Condo Rent

$2,250

How to Rent a Home

Rentals in Portland

Portland Apartments for Rent

Homes for Rent by Bedrooms in Portland

Rentals by Price in Portland

More About Living in Portland

Homes for Sale in Portland

Homes for Rent in Nearby Cities

Homes for Rent in Nearby Counties

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