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Studio Apartments for Rent in Portland, ME

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  • /45

    Starting at $1,951 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 $2,000 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
  • /55

    Starting at $2,377

    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
  • /33

    Starting at $2,252 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
  • /35

    Starting at $1,865 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 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
  • /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
  • /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

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

    $1,601 Per Month

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

    62 Washington Ave Unit 2, Portland, ME 04101

    $1,601 - 1st floor STUDIO unit. Located on a thriving street close to popular restaurants, shops, and breweries. Owner pays heat, hot water, Electricity, cold water, and sewer. Tenant responsible for WIFI/Cable if desired. No laundry in building, but has a laundromat located directly next door. This is a cat-friendly unit for responsible pet owners with an additional monthly Pet Rent of $30/cat.

    62 Washington Ave Unit 2, Portland, ME 04101
  • /7

    $1,470 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    610 Congress St Unit 6, Portland,, ME

    Welcome to "610" on Congress: Right in the Heart of Portland on Congress Street! This building has been completely remodeled, and everything is brand new! Walk distancing to shopping, restaurants, entertainment, and daily personal and business needs. All the units are Studios with 1 bathroom, Galley-style kitchen, new appliances, fixtures, cabinets, counters, paint, and flooring.

    610 Congress St Unit 6, Portland,, ME

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 $2,595 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 $103,800 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 $2,595 per month in Portland, ME, renters typically need to show $7,785 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 18.1, 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

Number of Homes for Rent
11
Median Rent
$2,595
Median Single Family Home Rent
$3,500
Median Townhouse Rent
$2,500
Median Condo Rent
$2,400
How to Rent a Home