South 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 South Portland, Maine rental market.
South Portland, Maine
Average Apartment Rent
$2,217
Y-o-Y Change in Average
Apartment Rent
6%
As of March 2026
Compared to a year ago, South Portland, Maine apartments have recorded a 6% rent increase.
South Portland, Maine Average apartment rent trend
South Portland, Maine Average Apartment Rent
South Portland, Maine Apartment rent ranges
At 42.25%, apartments priced $2,000 - $2,500 represent the bulk of South Portland, Maine rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 8.26%.
South Portland, Maine Housing tenure**
Renters take up 38% of South Portland, Maine real estate, occupying a total of 4,426 units, while homeowners live in 7,343 properties.
Median number of rooms of renter-occupied housing units**
4.1
Renter median household income**
$59,818
Average household size of renter-occupied housing units**
2.06
Rental vacancy rate**
5%
South Portland, Maine Renter-occupied housing units by no. of bedrooms**
There are 2,160 rentals in South Portland, Maine with 2 beds making up the highest share of the market, at 49%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 31 units. Overall, the median number of rooms in South Portland, Maine homes for rent is 4.1.
South Portland, Maine Renter-occupied units by age of householder**
Most condos for rent in South Portland, Maine are occupied by residents in the 25 - 34 years age group (28%), followed by those in the 35 - 44 years age group (14%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
South Portland, Maine Renter-occupied housing units by family type**
South Portland, Maine Renter-occupied housing units by the presence of own children**
A total of 1,907 apartments for rent in South Portland, Maine, or 43% of all rentals are family households. Additionally, 19% of rental homes include children under the age of 18 – that’s 858 units. All in all, the median size of a renter-occupied household in South Portland, Maine is 2.06.
South Portland, Maine Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 46% of the rental market. In contrast, residents with less than a high school degree reside in 4% of the homes for rent in South Portland, Maine.
South Portland, Maine Renter-occupied units by year structure built**
The highest share of South Portland, Maine apartment rentals, namely 25% or 1,116 units, were Built 1939 or earlier, followed by those Built 1980 - 1989 (16%, 711 units), and the ones Built 2000 - 2009 (12%, 535 units).
South Portland, Maine Renter-occupied units by year householder moved in**
Median year renter moved into unit 2017
Most South Portland, Maine renters (40%) moved in 2010 to 2017, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their South Portland, Maine condos for rent is 2017.
South Portland, Maine Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of South Portland, Maine renters have 1 vehicle available per household, 37% of them have 2 vehicles available, and 12% have No vehicle available.
South Portland, Maine Means of transportation to work of householders living in renter-occupied housing units**
South 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 South 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
