Rental market snapshot for Portland, Maine

Portland, Maine Rental Property Market Overview

Portland, Maine is a vibrant city located on the coast of Maine. According to the US Census, the population of Portland, Maine in 2021 is 68,313. Portland is known for its vibrant culture, art galleries, and unique restaurants. The city is also home to a variety of outdoor activities, including kayaking, biking, and hiking. Portland is a great place to live, work, and visit, and its population continues to grow each year.

The average rent for an apartment in Portland is $2,099. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated February 01, 2024

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Average monthly rent graph in Portland Maine | Cost of Living

  • The most expensive ZIP code in Portland is 04102 with an average price of $2,368.
  • The cheapest ZIP code in Portland is 04103 with an average price of $1,947.

Portland ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
104102$2,368
204101$2,362
304106$2,270
404103$1,947

Live near Portland, Maine's Top Sights and Attractions

Canco Woods is a beautiful nature preserve located in the heart of Maine. It is a great place to explore the outdoors, with its lush forests, meandering streams, and tranquil ponds. Visitors can take a leisurely stroll through the woods, or take a more adventurous hike along the trails. There are plenty of opportunities to observe wildlife, including birds, deer, and other animals. Canco Woods also offers a variety of activities, such as fishing, canoeing, and kayaking. Whether you're looking for a peaceful escape or an exciting outdoor adventure, Canco Woods is the perfect place to explore.

Capisic Brook Trail is a scenic walking trail located in a picturesque coastal town. The trail is approximately two miles long and winds through a variety of habitats, including wetlands, woodlands, and meadows. Along the way, visitors can observe a variety of wildlife, including birds, turtles, and beavers. The trail also features several scenic overlooks, providing stunning views of the surrounding area.

Portland Trails is a network of trails and green spaces that span over 70 miles throughout the greater Portland area. Visitors can explore a variety of landscapes, from wooded forests to urban parks, and enjoy activities such as hiking, biking, and bird watching. The trails are well-maintained and offer stunning views of the surrounding area. There are also educational programs and events hosted throughout the year, such as guided walks and volunteer opportunities.

Bell Buoy Park is a picturesque waterfront park located on the banks of a river. It features a large grassy area with plenty of space for picnicking and relaxing, as well as a playground for children. There is also a dock where visitors can launch kayaks and canoes, and a boardwalk that winds along the river, offering stunning views of the surrounding area. The park is also home to a historic lighthouse, which is a popular spot for taking photos.

Lincoln Park is a beautiful and peaceful park located on the Eastern Promenade of Portland. It offers stunning views of the Casco Bay and the Portland skyline. The park features a large grassy area with plenty of trees and benches, perfect for picnicking and relaxing. There is also a playground for children, a basketball court, and a walking path. The park is a popular spot for locals and visitors alike, and is a great place to take in the beauty of the city.

Presumpscot Park is a beautiful outdoor area located on the banks of the Presumpscot River. It features a variety of recreational activities, including walking trails, fishing, and picnicking. There is also a playground, a beach, and a boat launch. The park is a great place to relax and take in the natural beauty of the area.

Dougherty Playfield is a large outdoor recreational area located in Portland, Maine. It features a variety of activities, including a playground, basketball court, baseball field, and picnic area. The park also has a walking path, a pond, and a large open grassy area perfect for playing sports or having a picnic. The park is surrounded by trees and is a great place to relax and enjoy the outdoors.

Deering Oaks Park is a beautiful public park located in the heart of a bustling city. It features a large pond, walking paths, and plenty of green space for picnics and outdoor activities. The park is home to a variety of wildlife, including ducks, geese, and other birds. It also has a playground, tennis courts, and a public pool. In the summer months, the park hosts a variety of events, such as concerts and festivals. Deering Oaks Park is a great place to relax and enjoy the outdoors.

Payson Park is a scenic waterfront park located on the banks of the Fore River. It features a large grassy area, a playground, a picnic area, and a walking path that winds along the river. The park is also home to a variety of wildlife, including ducks, geese, and other waterfowl. Visitors can also enjoy stunning views of the river and the surrounding area.

The International Cryptozoology Museum is an attraction dedicated to the study of mysterious creatures, such as Bigfoot and the Loch Ness Monster. Visitors can explore the museum's collection of artifacts, including rare books, photographs, and specimens of alleged cryptids. The museum also offers interactive exhibits and educational programs, allowing visitors to learn more about the science and history of cryptozoology.

Portland, Maine area median rent change by ZIP code map

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How does Portland compare to other cities in Maine?

citymedian price
Portland$2,128
Auburn$1,550
Augusta$1,400
Waterville$1,350

Average household income in Portland area graph - US Census

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The median household income in Portland in 2021 was $66,109. This represents a 48.6% change from 2011 when the median was $44,487.

#categorypercent
0Less than $10,0008.1%
1$10,000 to $14,9993.8%
2$15,000 to $19,9994.8%
3$20,000 to $24,9993.5%
4$25,000 to $29,9994.8%
5$30,000 to $34,9994.2%
6$35,000 to $39,9994.2%
7$40,000 to $44,9993.7%
8$45,000 to $49,9994.2%
9$50,000 to $59,9996.8%
10$60,000 to $74,99910.1%
11$75,000 to $99,99912.7%
12$100,000 to $124,99910.5%
13$125,000 to $149,9995.6%
14$150,000 to $199,9996.2%
15$200,000 or more6.6%

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of December , the average rent in Portland is $2,099.
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