Portland, Maine Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Portland, Maine rental market.
Portland, Maine
Average Apartment Rent
$1,978
Y-o-Y Change in Average
Apartment Rent
2.7%
As of May 2026
Compared to a year ago, Portland, Maine apartments have recorded a 2.7% rent increase.
Portland, Maine Average apartment rent trend
Portland, Maine Average Apartment Rent
Portland, Maine Apartment rent ranges
At 37.21%, apartments priced $2,000 - $2,500 represent the bulk of Portland, Maine rentals, while condos priced Under $1,000 hold the lowest share of the market – 0.6%.
Portland, Maine Housing tenure**
Renters take up 54% of Portland, Maine real estate, occupying a total of 17,531 units, while homeowners live in 14,722 properties.
Median number of rooms of renter-occupied housing units**
3.7
Renter median household income**
$48,582
Average household size of renter-occupied housing units**
1.8
Rental vacancy rate**
3.9%
Portland, Maine Renter-occupied housing units by no. of bedrooms**
There are 7,230 rentals in Portland, Maine with 1 bed making up the highest share of the market, at 41%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 479 units. Overall, the median number of rooms in Portland, Maine homes for rent is 3.7.
Portland, Maine Renter-occupied units by age of householder**
Most condos for rent in Portland, Maine are occupied by residents in the 25 - 34 years age group (33%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Portland, Maine Renter-occupied housing units by family type**
Portland, Maine Renter-occupied housing units by the presence of own children**
A total of 4,308 apartments for rent in Portland, Maine, or 25% of all rentals are family households. Additionally, 12% of rental homes include children under the age of 18 – that’s 2,135 units. All in all, the median size of a renter-occupied household in Portland, Maine is 1.8.
Portland, Maine Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 51% of the rental market. In contrast, residents with less than a high school degree reside in 5% of the homes for rent in Portland, Maine.
Portland, Maine Renter-occupied units by year structure built**
The highest share of Portland, Maine apartment rentals, namely 48% or 8,335 units, were Built 1939 or earlier, followed by those Built 1970 - 1979 (12%, 2,180 units), and the ones Built 1980 - 1989 (8%, 1,489 units).
Portland, Maine Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most Portland, Maine renters (44%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Portland, Maine condos for rent is 2017.
Portland, Maine Renter-occupied housing units by vehicles available**
When it comes to transportation options, 45% of Portland, Maine renters have 1 vehicle available per household, 27% of them have No vehicle available, and 24% have 2 vehicles available.
Portland, Maine Means of transportation to work of householders living in renter-occupied housing units**
Portland, Maine Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Portland, Maine apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
