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 November 26, 2024, the average rent in Portland is $1,754, which is 0% 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
$1,343/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 $1,343, while the city’s average stands at $1,754. In the last year, prices have increased by 0.8%. North Deering is near West Falmouth Crossing Plaza, St. Joseph's College of Maine, and Mayor Baxter Woods.
Riverton
Average Rent
$1,343/Month
Year-Over-Year Rent Change
1.6%
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 $1,343 while the city average is $1,754. This is a 1.6% difference from last year. Residents enjoy convenient access to Southern Maine Comm. Coll., Pine Tree Shopping Center, and North Gate Shopping Center. The neighborhood is considered car-dependent with a WalkScore® of 38.
Valley Street
Average Rent
$1,627/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
51/100
Units Available
2 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Valley Street. The average rent is $1,627, compared to the city average of $1,754. Rent prices have increased by 1.3%. Valley Street is convenient to Century Plaza, Portland Observatory, and Gulf of Maine Research Institute. The community is walkable with a WalkScore® of 85.
East Bayside-India Street
Average Rent
$1,833/Month
Year-Over-Year Rent Change
7.5%
TransitScore® Rating
49/100
Units Available
39 Rentals
East Bayside-India Street is an affordable neighborhood in Portland with an average rent price of $1,833. Compare this to the city average of $1,754. In the past year, rent prices have decreased by 7.5%. East Bayside-India Street provides easy access to Southern Maine Comm. Coll., Portland Observatory, and Portland International Jetport. It’s a walkable neighborhood with a WalkScore® of 96.
Parkside
Average Rent
$2,012/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
52/100
Units Available
26 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Parkside might be the perfect place! It has an average rent price of $2,012, while the city’s average stands at $1,754. In the last year, prices have increased by 1.3%. Parkside is near Children's Museum & Theatre of Maine, University of New England, and Southworth Planetarium.
Rock Row
Average Rent
$2,013/Month
TransitScore® Rating
32/100
Units Available
11 Rentals
Rock Row is a top choice for budget-conscious renters for a variety of reasons. The average rent in Rock Row is $2,013 while the city average is $1,754. Residents enjoy convenient access to Westbrook Crossing, Portland International Jetport, and Gulf of Maine Research Institute. The neighborhood is considered somewhat walkable with a WalkScore® of 54.
West Portland
Average Rent
$2,087/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
43/100
Units Available
41 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out West Portland. The average rent is $2,087, compared to the city average of $1,754. Rent prices have decreased by 1.8%. West Portland is convenient to Mayor Baxter Woods, Univ. Southern Maine, Gorham, and Portland International Jetport. The community is somewhat walkable with a WalkScore® of 68.
West Bayside
Average Rent
$2,137/Month
Year-Over-Year Rent Change
9.4%
TransitScore® Rating
49/100
Units Available
91 Rentals
West Bayside is an affordable neighborhood in Portland with an average rent price of $2,137. Compare this to the city average of $1,754. In the past year, rent prices have decreased by 9.4%. West Bayside provides easy access to Century Plaza, Southworth Planetarium, and Children's Museum & Theatre of Maine. It’s a walkable neighborhood with a WalkScore® of 94.
East End
Average Rent
$2,157/Month
Year-Over-Year Rent Change
1.7%
TransitScore® Rating
43/100
Units Available
8 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 $2,157, while the city’s average stands at $1,754. In the last year, prices have increased by 1.7%. East End is near Gulf of Maine Research Institute, Hannaford Plaza, and Southern Maine Comm. Coll..
Downtown Portland
Average Rent
$2,287/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
50/100
Units Available
153 Rentals
Downtown Portland is a top choice for budget-conscious renters for a variety of reasons. The average rent in Downtown Portland is $2,287 while the city average is $1,754. This is a -2.2% difference from last year. Residents enjoy convenient access to Century Plaza, Univ. Southern Maine,Portland, and Children's Museum & Theatre of Maine. The neighborhood is considered walkable with a WalkScore® of 95.
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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.