Portland, ME Rental Market
Last updated April 26, 2024
Market Summary
The median rent for all bedrooms and all property types in Portland, ME is $2,750.
$2,750
+$50
-$150
140
Source: Zillow Rentals Data
Price Range
The price range for all bedrooms and all property types is $985 to $9,975.
| Rent price | Number of rental properties |
|---|---|
| $1,000 | 2 |
| $1,100 | 2 |
| $1,200 | 2 |
| $1,300 | 1 |
| $1,400 | 3 |
| $1,500 | 9 |
| $1,600 | 4 |
| $1,700 | 3 |
| $1,800 | 5 |
| $1,900 | 7 |
| $2,000 | 6 |
| $2,100 | 4 |
| $2,200 | 4 |
| $2,300 | 10 |
| $2,400 | 18 |
| $2,500 | 9 |
| $2,600 | 3 |
| $2,700 | 12 |
| $2,800 | 12 |
| $2,900 | 12 |
| $3,000 | 9 |
| $3,100 | 4 |
| $3,200 | 5 |
| $3,300 | 4 |
| $3,400 | 10 |
| $3,500 | 8 |
| $3,600 | 3 |
| $3,700 | 5 |
| $3,800 | 3 |
| $3,900 | 1 |
| $4,000 | 1 |
| $4,100 | 2 |
| $4,200 | 4 |
| $4,300 | 1 |
| $4,400 | 2 |
| $4,500 | 2 |
| $4,700 | 1 |
| $4,800 | 2 |
| $4,900 | 3 |
| $5,000+ | 7 |
Median Rental Price over Time
In the last year, rent has decreased by $150 compared to the previous year.
| Last year (2023) | This year (2024) | |
|---|---|---|
| Jan | $2,600 | $2,500 |
| Feb | $2,510 | $2,488 |
| Mar | $2,650 | $2,500 |
| Apr | $2,630 | $2,750 |
| May | $2,900 | No data |
| Jun | $2,750 | No data |
| Jul | $2,900 | No data |
| Aug | $2,750 | No data |
| Sep | $2,645 | No data |
| Oct | $2,500 | No data |
| Nov | $2,500 | No data |
| Dec | $2,550 | No data |
Market Temperature
Market temperature is based on changes in renter demand compared to the national average. For example, a hot market has increasing demand.
Temperature is based on all bedrooms and all property types.
Compare Median Rent in Markets
Rent in Portland, ME is 31% higher than the national median.
$2,750
$2,100
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Frequently Asked Questions
1. What is the average rent in Portland, ME?
The median rent in Portland, ME is $2,750.
2. How much does it cost to rent a house in Portland, ME?
Houses in Portland, ME rent between $985 - $9,975 with a median rent of $2,750.
3. How has the rent in Portland, ME changed in the last year?
The median rent price in Portland, ME for April 2024 is $2,750. This is $150 less than April 2023.
4. How much has the rent in Portland, ME increased/decreased in the last month?
The median rent price in Portland, ME April 2024 is $2,750. This is $50 more than March.
5. How many available rentals are there in Portland, ME?
There are currently 140 rentals available in Portland, ME.
6. How do rent prices in Portland, ME compare with the national average?
The median rent in Portland, ME is $2,750. This is $650 more than the national median.