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 29, 2025, the average rent in Portland is $1,813, which is 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
0.9%
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 $1,813. In the past year, rent prices have increased by 0.9%. North Deering provides easy access to Southworth Planetarium, East End Beach and Eastern Prom Trail, 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 $1,813. In the last year, prices have increased by 3.5%. Riverton is near North Gate Shopping Center, Westbrook Crossing, and Pine Tree Shopping Center.
Deering Center
Average Rent
$1,566/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 $1,566 while the city average is $1,813. This is a 0.7% difference from last year. Residents enjoy convenient access to Gulf of Maine Research Institute, Univ. Southern Maine, Gorham, and 449 Forest Ave Plaza. The neighborhood is considered walkable with a WalkScore® of 83.
Rosemont
Average Rent
$1,566/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 $1,566, compared to the city average of $1,813. Rosemont is convenient to Portland Observatory, Southern Maine Comm. Coll., and Univ. Southern Maine,Portland. The community is somewhat walkable with a WalkScore® of 68.
Valley Street
Average Rent
$1,642/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
51/100
Units Available
3 Rentals
Valley Street is an affordable neighborhood in Portland with an average rent price of $1,642. Compare this to the city average of $1,813. In the past year, rent prices have increased by 1.9%. Valley Street provides easy access to Union Station Plaza, Portland Observatory, and Westgate Shopping Center. 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 $1,813. In the last year, prices have increased by 2.3%. East End is near Portland Observatory, Hannaford Plaza, and Century Plaza.
Libbytown
Average Rent
$1,844/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
46/100
Units Available
3 Rentals
Libbytown is a top choice for budget-conscious renters for a variety of reasons. The average rent in Libbytown is $1,844 while the city average is $1,813. This is a -1% difference from last year. Residents enjoy convenient access to Children's Museum & Theatre of Maine, Westgate Shopping Center, and Century Plaza. The neighborhood is considered somewhat walkable with a WalkScore® of 61.
East Bayside-India Street
Average Rent
$2,017/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
49/100
Units Available
8 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out East Bayside-India Street. The average rent is $2,017, compared to the city average of $1,813. Rent prices have decreased by 2.2%. East Bayside-India Street is convenient to Portland Observatory, Portland International Jetport, and Gulf of Maine Research Institute. The community is walkable with a WalkScore® of 96.
West Portland
Average Rent
$2,295/Month
Year-Over-Year Rent Change
0.7%
TransitScore® Rating
31/100
Units Available
17 Rentals
West Portland is an affordable neighborhood in Portland with an average rent price of $2,295. Compare this to the city average of $1,813. In the past year, rent prices have increased by 0.7%. West Portland provides easy access to Children's Museum & Theatre of Maine, Mayor Baxter Woods, and Westgate Shopping Center. It’s a somewhat walkable neighborhood with a WalkScore® of 62.
West Bayside
Average Rent
$2,316/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
49/100
Units Available
32 Rentals
If you’re looking for a great, affordable neighborhood in Portland, West Bayside might be the perfect place! It has an average rent price of $2,316, while the city’s average stands at $1,813. In the last year, prices have decreased by 3.3%. West Bayside is near Maine Narrow Gauge Railroad, Univ. Southern Maine,Portland, and Portland Observatory.
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.