Average Rent in Portland, ME (2026)

Typical asking rent in Portland is $2,371. Across the 3 ZIP codes with data it runs from $2,296 to $2,714, so which side of town you buy on matters as much as the city average. Data as of September 2026.

Median rent
$2,371
Average rent
$2,460
Lowest ZIP
$2,296
Highest ZIP
$2,714

Rent by ZIP code in Portland

ZIP codeCountyTypical rentvs city median
04103Cumberland County$2,714+14%
04102Cumberland County$2,3710%
04101Cumberland County$2,296-3%

Rent by bedroom count in Portland

Zillow's index above blends every unit size into one number. For a bedroom level view, these are HUD's FY2027 Fair Market Rents for Cumberland County. They include utilities and sit near the 40th percentile of the market, so treat them as the low side of what a typical unit lists for.

Unit sizeFY2027 Fair Market Rent
Studio$1,639
1 bedroom$1,864
2 bedroom$2,353
3 bedroom$2,902
4 bedroom$3,092

Source: HUD Fair Market Rents. Updates when HUD publishes a new fiscal year.

Is rent going up or down in Portland?

Typical rent across Cumberland County is $2,397 as of September 2026. That is up 2.4% from a year earlier and up 24.2% over five years.

YearTypical rent, Cumberland CountyChange
2021$1,981+12.5%
2022$2,138+7.9%
2023$2,194+2.6%
2024$2,304+5.0%
2025$2,365+2.6%
2026 (through September)$2,397+1.3%

Zillow Observed Rent Index for the county, all home types, last published month of each year. Each row is compared with the end of the year before it.

Portland rent questions

What is the average rent in Portland, ME?
Typical asking rent in Portland is $2,371 a month as of September 2026, across 3 ZIP codes. By ZIP code it runs from $2,296 to $2,714.
How much is rent for a 2 bedroom in Portland?
HUD's FY2027 Fair Market Rent for a two bedroom in Cumberland County is $2,353 a month including utilities. A one bedroom is $1,864 and a three bedroom is $2,902. Fair Market Rent is set near the 40th percentile, so a typical unit lists somewhat higher.
Is rent going up or down in Portland?
Rent is rising. Typical rent in Cumberland County is $2,397 as of September 2026, up 2.4% from a year earlier.
What is the cheapest ZIP code to rent in Portland?
ZIP 04101 has the lowest typical asking rent in Portland at $2,296 a month, compared with $2,371 for the city overall.
How much income do you need to rent in Portland?
Most landlords look for gross income of about three times the rent. At the typical Portland rent of $2,371, that is about $7,113 a month, or $85,356 a year. This is a common screening rule of thumb, and individual landlords set their own.

How to use these numbers

These are Zillow Observed Rent Index values, a smoothed measure of typical asking rent for single family homes, condos, and apartments in each ZIP code. They describe what units are listed for, not what any specific unit will get. Condition, bedroom count, and the exact block all move the number.

If you are underwriting a purchase, use the ZIP figure rather than the city median, and then verify against live listings for the same bedroom count before you commit. Portland sits in the Portland-South Portland, ME metro area.

Would a rental in Portland cash flow?

Start the analyzer with the Portland median rent of $2,371 and add a real purchase price to see cash flow, cap rate, and cash-on-cash return.