Rental market snapshot for Downtown, Portland

Downtown rental market summary

The rental market in Downtown, Maine is showing signs of growth. In July 2023, there were 17 new listings, a 31.7% increase from the previous month. This is a sign that the rental market is becoming more competitive, as more people are looking for housing in the area.

The median rent in Downtown, Maine has also seen a significant increase over the past year. In July 2023, the median rent was $1,420, a 29.5% increase from the same time last year. This is a sign that the rental market in Downtown, Maine is becoming more expensive, as demand for housing continues to rise.

Median rent for all residential properties in Downtown

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The most expensive listings and top trending buildings in Downtown

Most Expensive Listings

AddressRent PriceBed / Bath
667 Congress St$2,8762 / 1.0
305 Commercial St$2,2282 / 2.0
45 Forest Ave$1,6561 / 1.0
45 Forest Ave$1,4200 / 1.0

Top Trending Buildings

We currently do not have this data but we are working to add this soon.

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Bedroom Breakdown in Downtown

Studio
$1,420
MEDIAN RENT
1 Bedroom
$1,656
MEDIAN RENT
2 Bedroom
$2,552
MEDIAN RENT

Downtown neighborhood apartments rents

The rental market for studios in Downtown, Maine appears to be relatively stable, with only two new listings in July 2023 and a median rent of $1,420. Unfortunately, no data is available for June 2023, so it is not possible to determine the percent change in rent from June to July. Overall, the rental market for studios in Downtown, Maine appears to be relatively steady.

The rental market for 1-bedroom apartments in Downtown, Maine is showing signs of growth. In July 2023, there were two new 1-bedroom listings, indicating an increase in demand. The median rent for 1-bedroom apartments in July 2023 was $1,656, which is a 9.3% decrease from the median rent in June 2023. This suggests that the rental market is becoming more competitive, with landlords offering lower prices to attract tenants. Overall, the rental market for 1-bedroom apartments in Downtown, Maine is looking positive.

The rental market for 2-bedroom apartments in Downtown, Maine is showing signs of growth. In July 2023, there were two new 2-bedroom listings, indicating an increase in demand. The median rent for 2-bedroom apartments in July 2023 was $2,552, a 14.5% increase from the median rent in June 2023 of $2,228. This suggests that the rental market for 2-bedroom apartments in Downtown, Maine is becoming more competitive and that prices are likely to continue to rise in the near future.

Explore other Portland Neighborhoods

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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 2023-07-31, the median rent in Downtown is $1,420.
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