Rentometer, Inc. | Data as of 10/22/2025
Portland, Maine blends historic charm with a vibrant waterfront lifestyle, making it one of the most sought‑after rental markets in New England. The city’s compact downtown, picturesque Old Port district, and easy access to rugged coastal scenery attract professionals, students, and families alike. With a strong local economy anchored by healthcare, education, and a thriving culinary scene, renters enjoy a dynamic community where the pace is lively yet relaxed.
Apartment options in Portland span from sleek studios averaging in the $1900s to spacious four‑plus bedroom units that command a premium in the $3500 range. One‑bedroom apartments typically sit in the $2000 range, while two‑bedrooms hold steady around $2500 and three‑bedrooms approach $2900, reflecting both the city’s high demand and diverse housing stock. For those seeking the privacy of a house, two‑bedroom homes average just under $3000, three‑bedroom homes hover around $3100, and larger four‑plus bedroom homes move into the $4300 bracket, with median rents closely aligning with these figures.
Neighborhoods such as the Old Port, West End, and Arts District each offer distinct living experiences—from historic brick walk‑ups and modern lofts to family‑friendly single‑family homes near schools and parks. Proximity to the Portland Museum of Art, the scenic Eastern Promenade, and a lively dining scene enhances the appeal of renting in this coastal city. Whether you’re looking for a compact studio near the waterfront or a spacious house in a quiet residential enclave, Portland’s rental market provides a welcoming variety of options to suit every lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,903 | $1,991 | $1,174 - $2,595 | $1,595 - $2,290 |
| Apartment | 1 Bedroom | $1,971 | $1,808 | $500 - $3,495 | $1,500 - $2,408 |
| Apartment | 2 Bedroom | $2,540 | $2,257 | $800 - $6,000 | $1,903 - $2,950 |
| Apartment | 3 Bedroom | $2,924 | $2,950 | $2,175 - $4,025 | $2,600 - $3,200 |
| Apartment | 4+ Bedroom | $3,500 | $3,560 | $1,950 - $4,500 | $3,200 - $4,500 |
| House | 2 Bedroom | $2,898 | $2,950 | $760 - $4,500 | $2,500 - $3,650 |
| House | 3 Bedroom | $3,090 | $3,300 | $1,000 - $4,500 | $2,950 - $3,600 |
| House | 4+ Bedroom | $4,313 | $4,000 | $2,500 - $10,000 | $3,100 - $4,950 |
In the current period, the average rent in Portland was $1,904 for Studio, $1,966 for 1 Bedroom, $2,614 for 2 Bedroom, $3,032 for 3 Bedroom, and $3,786 for 4+ Bedroom.
Data provided by Rentometer, Inc.