Average Rent in Portland, ME
4 apartment buildings, 9 units. Asking prices last verified October 1, 2026, with rent history for every building.
Browse apartments in Portland, MEAvg Rent
$2,252/mo
median $2,250
market average
Cheapest
$1,825/mo
Princeton on Back Cove
Properties
4
tracked daily
Units
9
as of October 1, 2026
Portland, ME Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 4 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 4 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
111 Summit Terrace, South Portland, ME 04106, USA
Summit Terrace at Woodlands
60 Woodland Rd, Cape Elizabeth, ME 04107, 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 as of Sep 28 | $2,000 | $2.00/ft² | 4.6 (35) | 1 |
| 3 | Summit Terrace 111 Summit Terrace, South Portland, ME 04106, USA | $2,145 as of Oct 1 | $2,349 | $2.47/ft² | 3.5 (26) | 5 |
| 4 | Summit Terrace at Woodlands 60 Woodland Rd, Cape Elizabeth, ME 04107, USA | $2,250 as of Oct 1 | $2,350 | $3.24/ft² | 3.7 (9) | 2 |
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
3.5 (26)111 Summit Terrace, South Portland, ME 04106, USA
Summit Terrace at Woodlands
3.7 (9)60 Woodland Rd, Cape Elizabeth, ME 04107, 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 rent in Portland, ME is $2,252 per month, based on 9 units across 4 apartment communities. Prices range from $1,825 at Princeton on Back Cove to $2,562 at Summit Terrace.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $2,000/mo | $2,000/mo | 1 |
| 1 Bed | $2,250/mo | $2,250/mo | 1 |
| 2 Bed | $2,288/mo | $1,825/mo | 7 |
Every price is a real asking rent from our most recent verified check (October 1, 2026). Request a neighborhood we don't cover and we add it within 24 hours.
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 $2,288/mo. At the local median household income of $76,174, that works out to 35% 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 51% 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
$90,000/year
Based on the 30 percent rule, using our tracked average rent of $2,252/mo.
Comfortable income
$108,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,825/mo), you need to earn at least $73,000/year.
Median household income in Portland, ME is $76,174 , about 30% 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) | $2,252 |
| Utilities | $513 |
| Groceries | $531 |
| Transportation | $1,224 |
| Healthcare | $597 |
| Other goods and services | $955 |
| Estimated total | $6,072/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
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 were last published in 2023.
Compare
Nearby cities in Maine
How Portland, ME rent compares to other markets in the state.
| City | Avg Rent | vs Portland, ME | 30-Day Change | Properties |
|---|---|---|---|---|
| Lewiston, ME | $1,571 | -30% | +0.8% | 7 |
Frequently asked questions
What is the average rent in Portland, ME?
The average rent in Portland, ME is $2,252 per month, based on 9 units across 4 apartment buildings tracked by Average Rent. Prices were last verified October 1, 2026.
What is the median rent in Portland, ME?
The median asking rent in Portland, ME is $2,250 per month, computed from 9 recently listed units, last verified October 1, 2026. The average is $2,252/mo; the median resists skew from luxury listings.
What is the cheapest apartment rent in Portland, ME?
The lowest listed rent in Portland, ME was $1,825 per month when last verified October 1, 2026.
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 $2,288/mo. Units start from $1,825/mo across 7 units recently listed.
Rent Trends in Portland, ME
Track how apartment prices are changing over time.
Missing your neighborhood?
Tell us where you're looking. We'll start tracking prices within 24 hours.
Get Started