Rental market snapshot for West End, Portland

West End rental market summary

The rental market in West End, Maine is showing signs of growth. In July of 2023, there were 24 new listings, a significant increase from the previous month. The median rent for the month of July 2023 was $2,071, a 28.6% decrease from the previous month and a 44.0% decrease from the same time last year. This suggests that the rental market in West End, Maine is becoming more affordable for renters.

The decrease in median rent from the previous month and the same time last year is a positive sign for renters in West End, Maine. The increase in new listings indicates that there is an abundance of rental options available, giving renters more choice and flexibility when it comes to finding a place to live. With the rental market becoming more affordable, West End, Maine is an attractive option for renters looking for a place to call home.

Median rent for all residential properties in West End

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The most expensive listings and top trending buildings in West End

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Bedroom Breakdown in West End

Studio
$1,775
MEDIAN RENT
1 Bedroom
$2,071
MEDIAN RENT
2 Bedroom
$3,050
MEDIAN RENT

West End neighborhood apartments rents

The rental market for studios in West End, Maine appears to be stable, with five new listings in July 2023 and a median rent of $1,775. 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 West End appears to be steady and stable.

The rental market for 1-bedroom apartments in West End, Maine appears to be stable, with four new listings in July 2023 and a median rent of $2,071. Unfortunately, no data is available for June 2023, so it is not possible to determine the percent change in rent from that month. Overall, the rental market for 1-bedroom apartments in West End appears to be steady.

The rental market for 2-bedroom apartments in West End, Maine is showing signs of growth. In April 2023, there was only one new 2-bedroom listing, but the median rent for these apartments increased by 70.0% from March 2023 to April 2023, from $1,794 to $3,050. This suggests that demand for 2-bedroom apartments in West End is increasing, and that the rental market is likely to continue to grow in the coming months.

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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 West End is $2,071.
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