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 April 18, 2025, the average rent in Portland is $1,817, which is 1.1% 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
North Deering is an affordable neighborhood in Portland with an average rent price of $1,367. Compare this to the city average of $1,817. In the past year, rent prices have increased by 0.8%. North Deering provides easy access to North Gate Shopping Center, Portland International Jetport, and West Falmouth Crossing Plaza. It’s a somewhat walkable neighborhood with a WalkScore® of 60.
Riverton
Average Rent
$1,367/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
29/100
Units Available
2 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Riverton might be the perfect place! It has an average rent price of $1,367, while the city’s average stands at $1,817. In the last year, prices have increased by 3.5%. Riverton is near Univ. Southern Maine,Portland, Pine Tree Shopping Center, and Portland Observatory.
Deering Center
Average Rent
$1,677/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
38/100
Units Available
2 Rentals
Deering Center is a top choice for budget-conscious renters for a variety of reasons. The average rent in Deering Center is $1,677 while the city average is $1,817. This is a 0.7% difference from last year. Residents enjoy convenient access to Southworth Planetarium, Brighton Avenue Plaza, and Univ. Southern Maine, Gorham. The neighborhood is considered walkable with a WalkScore® of 83.
Rosemont
Average Rent
$1,677/Month
TransitScore® Rating
41/100
Units Available
2 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Rosemont. The average rent is $1,677, compared to the city average of $1,817. Rosemont is convenient to Westgate Shopping Center, Children's Museum & Theatre of Maine, and St. Joseph's College of Maine. The community is somewhat walkable with a WalkScore® of 68.
Valley Street
Average Rent
$1,717/Month
Year-Over-Year Rent Change
2%
TransitScore® Rating
51/100
Units Available
3 Rentals
Valley Street is an affordable neighborhood in Portland with an average rent price of $1,717. Compare this to the city average of $1,817. In the past year, rent prices have increased by 2%. Valley Street provides easy access to Southworth Planetarium, Univ. Southern Maine, Gorham, and Maine Narrow Gauge Railroad. It’s a walkable neighborhood with a WalkScore® of 85.
East End
Average Rent
$1,769/Month
Year-Over-Year Rent Change
2.3%
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 $1,817. In the last year, prices have increased by 2.3%. East End is near Univ. Southern Maine,Portland, Maine Narrow Gauge Railroad, and St. Joseph's College of Maine.
East Deering
Average Rent
$1,975/Month
Year-Over-Year Rent Change
4.9%
TransitScore® Rating
30/100
Units Available
1 Rentals
East Deering is a top choice for budget-conscious renters for a variety of reasons. The average rent in East Deering is $1,975 while the city average is $1,817. This is a 4.9% difference from last year. Residents enjoy convenient access to St. Joseph's College of Maine, Maine Narrow Gauge Railroad, and Univ. Southern Maine, Gorham. The neighborhood is considered car-dependent with a WalkScore® of 35.
East Bayside-India Street
Average Rent
$1,995/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
49/100
Units Available
10 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out East Bayside-India Street. The average rent is $1,995, compared to the city average of $1,817. Rent prices have decreased by 2.4%. East Bayside-India Street is convenient to Gulf of Maine Research Institute, St. Joseph's College of Maine, and Congress Plaza. The community is walkable with a WalkScore® of 96.
Libbytown
Average Rent
$2,001/Month
Year-Over-Year Rent Change
3.4%
TransitScore® Rating
46/100
Units Available
4 Rentals
Libbytown is an affordable neighborhood in Portland with an average rent price of $2,001. Compare this to the city average of $1,817. In the past year, rent prices have increased by 3.4%. Libbytown provides easy access to Univ. Southern Maine, Gorham, Century Plaza, and Univ. Southern Maine,Portland. It’s a somewhat walkable neighborhood with a WalkScore® of 61.
Parkside
Average Rent
$2,067/Month
Year-Over-Year Rent Change
2.2%
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 $2,067, while the city’s average stands at $1,817. In the last year, prices have increased by 2.2%. Parkside is near Century Plaza, Univ. Southern Maine,Portland, and Southworth Planetarium.
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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.