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Newest Homes for Rent in Portland, MI

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  • /25

    Starting at $1,511 Per Month

    • 1 - 3 Beds

    712 Parkers Dr, Portland, MI 48875

    Parker’s Landing can be found in the exciting city of Portland, centrally located between Lansing and Grand Rapids. Miles of scenic river walk trails circle around the city and start at the community’s front entrance. Downtown keeps residents busy with great restaurants, shops, and fun events throughout the year.

    Parker's Landing

    712 Parkers Dr, Portland, MI 48875
  • /20

    Starting at $690 Per Month

    • 1 - 3 Beds

    306 Brush St, Portland, MI 48875

    Welcome to Portland School, a charming midrise community nestled in the heart of Portland, MI. This historic building offers a unique blend of comfort and convenience, with a variety of one, two, and three-bedroom floor plans to suit your needs. Enjoy community amenities like a basketball court, playground, and a delightful BBQ/picnic area perfect for gatherings. With on-site maintenance, extra

    Portland School

    306 Brush St, Portland, MI 48875

Frequently Asked Questions

How much does it cost to rent a home in Portland, MI?
The median rent for a home in Portland, MI is $1,650 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Portland, MI?
To comfortably afford the median rent in Portland, MI, a household needs to earn roughly $66,000 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 $1,650 per month in Portland, MI, renters typically need to show $4,950 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, MI?
In Portland, MI, the price-to-rent ratio is 13.3, 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, MI are best for renting a home?
The best neighborhood for renting in Portland, MI depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Westside, Old Town, Northtown, Old Forest and Downtown Lansing, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$1,650
Median Condo Rent
$1,650
How to Rent a Home