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.
Ready to make your move to Portland? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.