Average Rent in Portland, ME
2 apartment buildings, 14 units. Real asking prices, refreshed daily.
Avg Rent
$2,455/mo
Cheapest
$2,175/mo
Properties
2
Units
14
Portland, ME Resident Access
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Analysis
Rent Price Breakdown
Compare pricing across all 2 properties in Portland, ME.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Portland, ME Rent Prices
All 2 properties ranked by lowest available rent.
Summit Terrace at Woodlands
60 Woodland Rd, Cape Elizabeth
Summit Terrace
111 Summit Terrace, South Portland
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Summit Terrace at Woodlands 60 Woodland Rd, Cape Elizabeth | $2,175 | $2,292 | $3.33 | 3.7 (9) | 3 |
| 2 | Summit Terrace 111 Summit Terrace, South Portland | $2,394 | $2,499 | $2.68 | 3.5 (26) | 11 |
Explore Each Property
Portland, ME Average Rent Prices 2026
The average rent in Portland, ME is $2,455 per month, based on 14 units across 2 apartment communities. Prices range from $2,175 at Summit Terrace at Woodlands to $2,394 at Summit Terrace.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| 1 Bed | $2,175/mo | $2,175/mo | 1 |
| 2 Bed | $2,476/mo | $2,250/mo | 13 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
What salary do I need to live comfortably in Portland, ME?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$98,000/year
Based on the 30 percent rule, using our tracked average rent of $2,455/mo.
Comfortable income
$118,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,175/mo), you need to earn at least $87,000/year.
Cost of living in Portland, ME
We only have live rent data for Portland, ME so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,455 |
| Estimated total | $2,455/mo |
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures are refreshed annually.
Frequently asked questions
What is the average rent in Portland, ME?
The average rent in Portland, ME is $2,455 per month, based on 14 units across 2 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the cheapest apartment rent in Portland, ME?
The lowest available rent in Portland, ME starts at $2,175 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Portland, ME?
1-bedroom apartments in Portland, ME average $2,175/mo. The lowest listed 1-bedroom starts at $2,175/mo across 1 units tracked.
How much is a 2-bedroom apartment in Portland, ME?
2-bedroom apartments in Portland, ME average $2,476/mo. Units start from $2,250/mo across 13 units currently listed.
Rent Trends in Portland, ME
Track how apartment prices are changing over time.
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