Most Affordable Neighborhoods in Portland, ME

Some of the cheapest neighborhoods in Portland are North Deering, Riverton, and Deering Center. These neighborhoods offer some of the lowest rent prices in Portland, making them ideal for renters on a budget. As of March 29, 2025, the average rent in Portland is $1,800, which is 0.9% 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

1%

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 $1,800. In the last year, prices have increased by 1%. North Deering is near Gilsland Farm Audubon Center, St. Joseph's College of Maine, and Southern Maine Comm. Coll..

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 $1,800. This is a 3.5% difference from last year. Residents enjoy convenient access to North Gate Shopping Center, Children's Museum & Theatre of Maine, and Univ. Southern Maine, Gorham. The neighborhood is considered car-dependent with a WalkScore® of 38.

Deering Center

Average Rent

$1,700/Month

Year-Over-Year Rent Change

1.1%

TransitScore® Rating

38/100

Units Available

2 Rentals

When you’re looking for a great Portland neighborhood on a budget, check out Deering Center. The average rent is $1,700, compared to the city average of $1,800. Rent prices have increased by 1.1%. Deering Center is convenient to Portland Observatory, Gulf of Maine Research Institute, and Portland International Jetport. The community is walkable with a WalkScore® of 83.

Rosemont

Average Rent

$1,700/Month

TransitScore® Rating

41/100

Units Available

2 Rentals

Rosemont is an affordable neighborhood in Portland with an average rent price of $1,700. Compare this to the city average of $1,800. Rosemont provides easy access to Portland International Jetport, Children's Museum & Theatre of Maine, and St. Joseph's College of Maine. It’s a somewhat walkable neighborhood with a WalkScore® of 68.

East End

Average Rent

$1,769/Month

Year-Over-Year Rent Change

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 $1,769, while the city’s average stands at $1,800. In the last year, prices have increased by 2%. East End is near Univ. Southern Maine, Gorham, Portland Observatory, and St. Joseph's College of Maine.

Valley Street

Average Rent

$1,840/Month

Year-Over-Year Rent Change

1.5%

TransitScore® Rating

51/100

Units Available

3 Rentals

Valley Street is a top choice for budget-conscious renters for a variety of reasons. The average rent in Valley Street is $1,840 while the city average is $1,800. This is a 1.5% difference from last year. Residents enjoy convenient access to Portland International Jetport, Maine Narrow Gauge Railroad, and Westgate Shopping Center. The neighborhood is considered walkable with a WalkScore® of 85.

East Bayside-India Street

Average Rent

$1,909/Month

Year-Over-Year Rent Change

2.5%

TransitScore® Rating

49/100

Units Available

18 Rentals

When you’re looking for a great Portland neighborhood on a budget, check out East Bayside-India Street. The average rent is $1,909, compared to the city average of $1,800. Rent prices have increased by 2.5%. East Bayside-India Street is convenient to Univ. Southern Maine,Portland, Century Plaza, and Gulf of Maine Research Institute. The community is walkable with a WalkScore® of 96.

East Deering

Average Rent

$1,975/Month

Year-Over-Year Rent Change

6.9%

TransitScore® Rating

30/100

Units Available

1 Rentals

East Deering is an affordable neighborhood in Portland with an average rent price of $1,975. Compare this to the city average of $1,800. In the past year, rent prices have increased by 6.9%. East Deering provides easy access to 449 Forest Ave Plaza, East End Beach and Eastern Prom Trail, and Gilsland Farm Audubon Center. It’s a car-dependent neighborhood with a WalkScore® of 35.

Parkside

Average Rent

$2,072/Month

Year-Over-Year Rent Change

1.6%

TransitScore® Rating

52/100

Units Available

17 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 $2,072, while the city’s average stands at $1,800. In the last year, prices have increased by 1.6%. Parkside is near Univ. Southern Maine,Portland, Gulf of Maine Research Institute, and Southern Maine Comm. Coll..

Libbytown

Average Rent

$2,099/Month

Year-Over-Year Rent Change

10.1%

TransitScore® Rating

46/100

Units Available

4 Rentals

Libbytown is a top choice for budget-conscious renters for a variety of reasons. The average rent in Libbytown is $2,099 while the city average is $1,800. This is a 10.1% difference from last year. Residents enjoy convenient access to Univ. Southern Maine, Gorham, Children's Museum & Theatre of Maine, and Portland Observatory. The neighborhood is considered somewhat walkable with a WalkScore® of 61.

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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.