Most Affordable Neighborhoods in Portland, ME
Some of the cheapest neighborhoods in Portland are North Deering, Riverton, and Valley Street. These neighborhoods offer some of the lowest rent prices in Portland, making them ideal for renters on a budget. As of January 26, 2025, the average rent in Portland is $1,747, which is 0.1% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
North Deering
Average Rent
$1,367/Month
Year-Over-Year Rent Change
0.8%
TransitScore® Rating
34/100
Units Available
2 Rentals
If you’re looking for a great, affordable neighborhood in Portland, North Deering might be the perfect place! It has an average rent price of $1,367, while the city’s average stands at $1,747. In the last year, prices have increased by 0.8%. North Deering is near Mayor Baxter Woods, East End Beach and Eastern Prom Trail, and Portland International Jetport.
Riverton
Average Rent
$1,367/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
29/100
Units Available
2 Rentals
Riverton is a top choice for budget-conscious renters for a variety of reasons. The average rent in Riverton is $1,367 while the city average is $1,747. This is a 3.5% difference from last year. Residents enjoy convenient access to Portland Observatory, Univ. Southern Maine, Gorham, and Southworth Planetarium. The neighborhood is considered car-dependent with a WalkScore® of 38.
Valley Street
Average Rent
$1,508/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
51/100
Units Available
7 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Valley Street. The average rent is $1,508, compared to the city average of $1,747. Rent prices have increased by 1.5%. Valley Street is convenient to Southworth Planetarium, Univ. Southern Maine, Gorham, and Portland International Jetport. The community is walkable with a WalkScore® of 85.
Deering Center
Average Rent
$1,581/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
38/100
Units Available
5 Rentals
Deering Center is an affordable neighborhood in Portland with an average rent price of $1,581. Compare this to the city average of $1,747. In the past year, rent prices have increased by 0.9%. Deering Center provides easy access to Gulf of Maine Research Institute, Children's Museum & Theatre of Maine, and 449 Forest Ave Plaza. It’s a walkable neighborhood with a WalkScore® of 83.
Rosemont
Average Rent
$1,581/Month
TransitScore® Rating
41/100
Units Available
5 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Rosemont might be the perfect place! It has an average rent price of $1,581, while the city’s average stands at $1,747. Rosemont is near Univ. Southern Maine, Gorham, Union Station Plaza, and St. Joseph's College of Maine.
East End
Average Rent
$1,736/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
43/100
Units Available
2 Rentals
East End is a top choice for budget-conscious renters for a variety of reasons. The average rent in East End is $1,736 while the city average is $1,747. This is a 2% difference from last year. Residents enjoy convenient access to Univ. Southern Maine, Gorham, East End Beach and Eastern Prom Trail, and Univ. Southern Maine,Portland. The neighborhood is considered walkable with a WalkScore® of 88.
East Deering
Average Rent
$1,800/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
30/100
Units Available
1 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out East Deering. The average rent is $1,800, compared to the city average of $1,747. Rent prices have decreased by 0.9%. East Deering is convenient to East End Beach and Eastern Prom Trail, Portland International Jetport, and Univ. Southern Maine, Gorham. The community is car-dependent with a WalkScore® of 35.
Libbytown
Average Rent
$1,805/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
46/100
Units Available
8 Rentals
Libbytown is an affordable neighborhood in Portland with an average rent price of $1,805. Compare this to the city average of $1,747. In the past year, rent prices have increased by 3.5%. Libbytown provides easy access to Mayor Baxter Woods, Gulf of Maine Research Institute, and Portland Observatory. It’s a somewhat walkable neighborhood with a WalkScore® of 61.
East Bayside-India Street
Average Rent
$1,830/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
49/100
Units Available
30 Rentals
If you’re looking for a great, affordable neighborhood in Portland, East Bayside-India Street might be the perfect place! It has an average rent price of $1,830, while the city’s average stands at $1,747. In the last year, prices have increased by 2.5%. East Bayside-India Street is near East End Beach and Eastern Prom Trail, Hannaford Plaza, and Gulf of Maine Research Institute.
Parkside
Average Rent
$1,976/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
52/100
Units Available
21 Rentals
Parkside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Parkside is $1,976 while the city average is $1,747. This is a 1.6% difference from last year. Residents enjoy convenient access to Hannaford Plaza, Portland International Jetport, and Univ. Southern Maine,Portland. The neighborhood is considered walkable with a WalkScore® of 93.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.