Most Affordable Neighborhoods in Portland, ME
Some of the cheapest neighborhoods in Portland are Oakdale, North Deering, and Riverton. These neighborhoods offer some of the lowest rent prices in Portland, making them ideal for renters on a budget. As of February 26, 2025, the average rent in Portland is $1,754, which is 0.4% 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.
Oakdale
Average Rent
$1,275/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
42/100
Units Available
1 Rentals
Oakdale is an affordable neighborhood in Portland with an average rent price of $1,275. Compare this to the city average of $1,754. In the past year, rent prices have increased by 1.7%. Oakdale provides easy access to Southworth Planetarium, St. Joseph's College of Maine, and Hannaford Plaza. It’s a walkable neighborhood with a WalkScore® of 86.
North Deering
Average Rent
$1,367/Month
Year-Over-Year Rent Change
0.9%
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 $1,754. In the last year, prices have increased by 0.9%. North Deering is near Southern Maine Comm. Coll., Portland Observatory, and Univ. Southern Maine,Portland.
Riverton
Average Rent
$1,367/Month
Year-Over-Year Rent Change
3.6%
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 $1,754. This is a 3.6% difference from last year. Residents enjoy convenient access to St. Joseph's College of Maine, Gilsland Farm Audubon Center, and Southworth Planetarium. The neighborhood is considered car-dependent with a WalkScore® of 38.
Valley Street
Average Rent
$1,477/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
51/100
Units Available
3 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Valley Street. The average rent is $1,477, compared to the city average of $1,754. Rent prices have increased by 1.6%. Valley Street is convenient to Portland Observatory, Portland International Jetport, and Gulf of Maine Research Institute. The community is walkable with a WalkScore® of 85.
Deering Center
Average Rent
$1,590/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
38/100
Units Available
2 Rentals
Deering Center is an affordable neighborhood in Portland with an average rent price of $1,590. Compare this to the city average of $1,754. In the past year, rent prices have increased by 1%. Deering Center provides easy access to Westgate Shopping Center, Children's Museum & Theatre of Maine, and Mayor Baxter Woods. It’s a walkable neighborhood with a WalkScore® of 83.
Rosemont
Average Rent
$1,590/Month
TransitScore® Rating
41/100
Units Available
2 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 $1,590, while the city’s average stands at $1,754. Rosemont is near Portland International Jetport, St. Joseph's College of Maine, and 449 Forest Ave Plaza.
Parkside
Average Rent
$1,846/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
52/100
Units Available
14 Rentals
Parkside is a top choice for budget-conscious renters for a variety of reasons. The average rent in Parkside is $1,846 while the city average is $1,754. This is a 1.7% difference from last year. Residents enjoy convenient access to University of New England, Century Plaza, and Univ. Southern Maine,Portland. The neighborhood is considered walkable with a WalkScore® of 93.
Libbytown
Average Rent
$1,881/Month
Year-Over-Year Rent Change
5%
TransitScore® Rating
46/100
Units Available
5 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Libbytown. The average rent is $1,881, compared to the city average of $1,754. Rent prices have increased by 5%. Libbytown is convenient to Southworth Planetarium, University of New England, and Westgate Shopping Center. The community is somewhat walkable with a WalkScore® of 61.
East Bayside-India Street
Average Rent
$1,909/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
49/100
Units Available
29 Rentals
East Bayside-India Street is an affordable neighborhood in Portland with an average rent price of $1,909. Compare this to the city average of $1,754. In the past year, rent prices have increased by 1.4%. East Bayside-India Street provides easy access to Univ. Southern Maine, Gorham, Congress Plaza, and Maine Narrow Gauge Railroad. It’s a walkable neighborhood with a WalkScore® of 96.
East End
Average Rent
$1,991/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
43/100
Units Available
3 Rentals
If you’re looking for a great, affordable neighborhood in Portland, East End might be the perfect place! It has an average rent price of $1,991, while the city’s average stands at $1,754. In the last year, prices have increased by 2.2%. East End is near Congress Plaza, Century Plaza, and Children's Museum & Theatre of Maine.
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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.