Average Rent in Portland, ME
What is the average rent in Portland, ME?
The average listed apartment rent in Portland, ME is $2,361 per month, as of November 6, 2026. This sample includes 7 priced apartments in 3 buildings. These are tracked asking prices, not signed leases.
We use published total monthly rent when known and base rent otherwise. Unknown fees remain unknown. Included building observations run from November 4, 2026 through November 6, 2026. Buildings without a qualifying price do not count in this sample. The guide directory can include more buildings.
3 apartment buildings, 7 units. Recorded asking prices and price history where available.
Browse apartments in Portland, MEAvg Rent
$2,361/mo
median $2,425
market average
Cheapest
$2,000/mo
Foreside Estates
Properties
3
tracked daily
Units
7
available now
Portland, ME Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 3 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 3 properties ranked by lowest available rent.
Princeton on Back Cove
100 Forest Park, Portland, ME 04101, USA
Foreside Estates
100 Clearwater Dr, Falmouth, ME 04105, USA
Summit Terrace at Woodlands
60 Woodland Rd, Cape Elizabeth, ME 04107, USA
Summit Terrace
111 Summit Terrace, South Portland, ME 04106, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Princeton on Back Cove 100 Forest Park, Portland, ME 04101, USA | $1,825 as of Sep 19 | $1,825 | $3.65/ft² | 3.9 (36) | 1 |
| 2 | Foreside Estates 100 Clearwater Dr, Falmouth, ME 04105, USA | $2,000 | $2,350 | $2.35/ft² | 4.6 (35) | 4 |
| 3 | Summit Terrace at Woodlands 60 Woodland Rd, Cape Elizabeth, ME 04107, USA | $2,250 | $2,350 | $3.24/ft² | 3.7 (9) | 2 |
| 4 | Summit Terrace 111 Summit Terrace, South Portland, ME 04106, USA | $2,425 | $2,425 | $2.69/ft² | 3.5 (26) | 1 |
Rent & Price History by Building
Compare apartment listings by price, bedrooms, and neighborhood.
Princeton on Back Cove
3.9 (36)100 Forest Park, Portland, ME 04101, USA
Foreside Estates
4.6 (35)100 Clearwater Dr, Falmouth, ME 04105, USA
Summit Terrace at Woodlands
3.7 (9)60 Woodland Rd, Cape Elizabeth, ME 04107, USA
Summit Terrace
3.5 (26)111 Summit Terrace, South Portland, ME 04106, USA
By Area
Portland, ME neighborhoods
Tracked buildings across 4 named neighborhoods. Pick one to see its apartments.
Portland, ME Average Rent Prices 2026
The average listed rent in Portland, ME is $2,361 per month, based on 7 units across 3 apartment communities. Prices range from $2,000 at Foreside Estates to $2,800 at Foreside Estates.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| 1 Bed | $2,250/mo | $2,250/mo | 1 |
| 2 Bed | $2,438/mo | $2,425/mo | 2 |
We schedule daily price checks. The included observations can have different dates. Request an area we do not cover so we can review it for coverage.
Market Context
Who rents in Portland, ME, and what they pay
Tracked one-bedroom rent in Portland, ME averages $2,250/mo , with two-bedroom units averaging $2,438/mo. At the local median household income of $76,174, that works out to 37% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Portland, ME at $1,487/mo. The current tracked market average runs 59% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Portland, ME while the tracked market average covers units currently listed in larger apartment communities.
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
$94,000/year
Based on the 30 percent rule, using our tracked average rent of $2,361/mo.
Comfortable income
$113,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,000/mo), you need to earn at least $80,000/year.
Median household income in Portland, ME is $76,174 , about 33% below the comfortable-living threshold.
Cost of living in Portland, ME
Overall prices in Portland, ME runs above the national average by about 4% (BEA Regional Price Parity index 104.4, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Portland, ME's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,361 |
| Utilities | $513 |
| Groceries | $531 |
| Transportation | $1,224 |
| Healthcare | $597 |
| Other goods and services | $955 |
| Estimated total | $6,181/mo |
Population
68,505
Median household income
$76,174
Census median rent
$1,487/mo
Census rent burden
29.2%
Median age
37.5
Mean commute
20 min
Methodology
Rent data
We use listed asking rents and schedule daily data updates. Individual buildings can have different verification dates. Check the building or unit page for its latest price and availability.
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
We estimate annual income by dividing annual rent by 30 percent for the affordability figure and 25 percent for the comfortable-income figure. These estimates are a guide, not a guarantee of rental approval.
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 were last published in 2023.
Frequently asked questions
What is the average rent in Portland, ME?
The average listed apartment rent in Portland, ME is $2,361 per month, as of November 6, 2026. This sample includes 7 priced apartments in 3 buildings. These are tracked asking prices, not signed leases.
What is the median rent in Portland, ME?
The median asking rent in Portland, ME is $2,425 per month, computed from 7 priced listings; check the observation dates shown on this page. The average is $2,361/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Portland, ME?
The lowest available rent in Portland, ME starts at $2,000 per month. Confirm current availability, fees, and lease terms with the selected listing.
How much is a 1-bedroom apartment in Portland, ME?
1-bedroom apartments in Portland, ME average $2,250/mo. The lowest listed 1-bedroom starts at $2,250/mo across 1 units tracked.
How much is a 2-bedroom apartment in Portland, ME?
2-bedroom apartments in Portland, ME average $2,438/mo. Units start from $2,425/mo across 2 units currently listed.
Rent Trends in Portland, ME
Track how apartment prices are changing over time.
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