Most Affordable Neighborhoods in Portland, ME
Some of the cheapest neighborhoods in Portland are North Deering, Riverton, and Rosemont. These neighborhoods offer some of the lowest rent prices in Portland, making them ideal for renters on a budget. As of December 27, 2024, the average rent in Portland is $1,749, which is 0.7% lower 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 $1,749. In the last year, prices have increased by 0.8%. North Deering is near St. Joseph's College of Maine, Southern Maine Comm. Coll., and Univ. Southern Maine,Portland.
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 $1,749. This is a 1.6% difference from last year. Residents enjoy convenient access to Mayor Baxter Woods, Southworth Planetarium, and Pine Tree Shopping Center. The neighborhood is considered car-dependent with a WalkScore® of 38.
Rosemont
Average Rent
$1,545/Month
TransitScore® Rating
41/100
Units Available
6 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Rosemont. The average rent is $1,545, compared to the city average of $1,749. Rosemont is convenient to Southern Maine Comm. Coll., Portland Observatory, and Union Station Plaza. The community is somewhat walkable with a WalkScore® of 68.
Valley Street
Average Rent
$1,566/Month
Year-Over-Year Rent Change
1.3%
TransitScore® Rating
51/100
Units Available
8 Rentals
Valley Street is an affordable neighborhood in Portland with an average rent price of $1,566. Compare this to the city average of $1,749. In the past year, rent prices have increased by 1.3%. Valley Street provides easy access to University of New England, Southworth Planetarium, and Univ. Southern Maine, Gorham. It’s a walkable neighborhood with a WalkScore® of 85.
Deering Center
Average Rent
$1,574/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
38/100
Units Available
7 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Deering Center might be the perfect place! It has an average rent price of $1,574, while the city’s average stands at $1,749. In the last year, prices have increased by 1.2%. Deering Center is near Univ. Southern Maine, Gorham, St. Joseph's College of Maine, and Westgate Shopping Center.
Libbytown
Average Rent
$1,750/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
46/100
Units Available
8 Rentals
Libbytown is a top choice for budget-conscious renters for a variety of reasons. The average rent in Libbytown is $1,750 while the city average is $1,749. This is a -0.2% difference from last year. Residents enjoy convenient access to Portland Observatory, Univ. Southern Maine, Gorham, and University of New England. The neighborhood is considered somewhat walkable with a WalkScore® of 61.
Back Cove
Average Rent
$1,750/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
36/100
Units Available
1 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Back Cove. The average rent is $1,750, compared to the city average of $1,749. Rent prices have increased by 0.2%. Back Cove is convenient to Portland Observatory, St. Joseph's College of Maine, and 449 Forest Ave Plaza. The community is walkable with a WalkScore® of 81.
East Bayside-India Street
Average Rent
$1,788/Month
Year-Over-Year Rent Change
6.3%
TransitScore® Rating
49/100
Units Available
33 Rentals
East Bayside-India Street is an affordable neighborhood in Portland with an average rent price of $1,788. Compare this to the city average of $1,749. In the past year, rent prices have decreased by 6.3%. East Bayside-India Street provides easy access to Portland Observatory, Maine Narrow Gauge Railroad, and Univ. Southern Maine, Gorham. It’s a walkable neighborhood with a WalkScore® of 96.
Parkside
Average Rent
$1,905/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
52/100
Units Available
19 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 $1,905, while the city’s average stands at $1,749. In the last year, prices have increased by 1.6%. Parkside is near Portland International Jetport, Maine Narrow Gauge Railroad, and Southern Maine Comm. Coll..
West Portland
Average Rent
$1,992/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
31/100
Units Available
39 Rentals
West Portland is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Portland is $1,992 while the city average is $1,749. This is a -2.7% difference from last year. Residents enjoy convenient access to Portland International Jetport, Brighton Avenue Plaza, and Gulf of Maine Research Institute. The neighborhood is considered somewhat walkable with a WalkScore® of 62.
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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.