42 Hampshire St, Portland, ME 04101

$1,995.00- 2BD/1BA Apartment on Hampshire Street in Portland!! Available Now!! The apartment building is professionally managed with 24/7 hour maintenance so your needs will always be met quickly and efficiently! There is a stackable Washer & Dryer In-Unit for Tenant Convenience. Owner pays for Cold Water, Sewer, Yard and Snow Care. Tenant is responsible for Electricity, Natural Gas Heat/Hot Water, Gas Stove and Cable/Internet if desired. Sorry, No Pets will be considered. Street Parking Only. Security Deposit and First Month's rent due upon lease signing. One year Lease required. Renter's Insurance Policy Required throughout tenancy. **This is an income restricted, inclusionary zoning unit (see specific details and requirements below). A video walkthrough of this unit is linked at the top of the listing. Showings are available by appointment only M-F 8:30am-4pm to applicants who have applied and have been confirmed to meet the income restrictions and rental requirements for this unit. Unit must be viewed in person or by proxy prior to offer being made. Please read the FULL description of the Property and Unit and the requirements needed for approval. Unit #1 at 42 Hampshire Street is regulated under the City of Portland's Inclusionary Zoning Ordinance which governs how the unit may be marketed, the income level of the prospective renters, and the maximum allowable rent amount. Please read the listing in FULL and ensure you have ALL required documents ready to provide and that you meet the specific income requirements BEFORE applying. The minimum number of tenants allowed to reside in the unit is 2 and maximum number of tenants is 4. A household of 2 Tenants may not exceed a combined total income of $103,850 a year, while the minimum required to qualify is 59,850. Income limits for this unit are based on the 2025 Income Limits-Portland Maine HUD Metro Area-100% of Area Median Income. Please see income chart attached in the photos for household income limits for tenants in excess of two. All Rental Application(s) must be submitted electronically by click the "APPLY NOW" button in the listing. Before applying online make sure you have the following documents ready to upload & submit: Proof Of Income- Most recent paystub(s) Most recent Tax Return Photo I.D. The following minimum requirements must be met in order to qualify for this unit: 2 years or more of positive rental history Credit score of 680 or higher No Criminal History No Bankruptcy Proof of income that you make 2.5 times the monthly rent (For example-If the unit is $1,000/month you must show that you make $2,500/month).