Find Homes & Apartments for Rent in Portland, ME

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What to Know About

Life in Portland & Beyond

Portland shares many of the great qualities that make Maine a desirable place to live.

Maine, known as the "Pine Tree State," is renowned for its breathtaking natural scenery, rocky coastline, and diverse outdoor activities. Immerse yourself in Maine's rich history and traditions by visiting institutions such as the Maine State Museum and the Penobscot Bay History Center or benefiting from prestigious universities like the University of Maine, Bowdoin College, and Colby College. In addition, a thriving fishing industry, robust tourism sector, and abundant natural resources sustain Maine's economy, providing residents with a wide range of employment opportunities.

Experience the best of what Maine has to offer by visiting iconic attractions such as the flagship L.L. Bean store, the Maine Lobster Festival, the historic Maine Maritime Museum, and the charming city of Portland. In addition, enjoy a multitude of outdoor options, from exploring the majestic Acadia National Park and the Allagash Wilderness Waterway to sailing the crystal-clear waters of the Gulf of Maine.

Its thriving economy, excellent recreational offerings, and unique coastal experience make Maine a great place to live, and the state's friendly and welcoming atmosphere will make you feel right at home.

Rental Market Trends

Portland, ME

As of April 2025, Portland's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Portland's average rent is 56.1% ($1,104) higher than the Maine average of $1,969 and 71.9% ($1,285) higher than the U.S. average of $1,788.

Average Rent
$3,073
Monthly ChangeMonth Over Month Change
Increased1.6% ($48)
Yearly ChangeYear Over Year Change
Increased22.5% ($564)
Avg. Days on MarketAverage Days on Market
26
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,769 Increased12.8% ($315) Increased35% ($718)
2 Beds $3,181 Decreased1.3% ($41) Increased33.4% ($797)
3 Beds $3,686 Decreased8.6% ($346) Increased31.7% ($887)
Nearby Cities Average Rent Avg. Rent vs. PortlandAverage Rent vs. Portland Avg. Days on MarketAverage Days on Market
South Portland $2,270 Decreased26.1% ($803) 24 days
Westbrook $1,814 Decreased41% ($1259) 26 days
Falmouth $2,716 Decreased11.6% ($357) 28 days
Scarborough $2,340 Decreased23.9% ($733) 27 days
Yarmouth $2,037 Decreased33.7% ($1036) 28 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Portland Rental Market FAQs

Explore rental prices, market trends, and availability in Portland, ME.

The average rent in Portland, ME is $3,073 per month.
Homes in Portland typically rent for between $1,938 and $4,792 per month, with an average of $3,073 per month.
In Portland, the average rent for a 1-bedroom home is $2,769 per month, for a 2-bedroom home, $3,181 per month, and a 3-bedroom home is $3,686 per month.
The average rent in Portland is 71.9% ($1,285) higher than the national average of $1,788 per month.
The average rent in Portland has increased by 1.6% ($48) in the last month and increased by 22.5% ($564) over the past year.
The rental market in Portland, ME, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Portland, ME, the average rental stays on the market for approximately 26 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 31 rental properties available in Portland, ME.
Based on the current averages, a household would need an annual income of $127,240 to comfortably afford a 2-bedroom home in Portland.
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