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.