Cheapest Neighborhoods in Portland, ME
Some of the cheapest neighborhoods in Portland are East Bayside-India Street, West Bayside, and West End. These neighborhoods offer some of the lowest rent prices in Portland, making them ideal for renters on a budget. As of June 12, 2026, the average rent in Portland is $1,865, which is 0.7% 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.
East Bayside-India Street
Average Rent
$2,058/Month
Year-Over-Year Rent Change
6.9%
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Portland, East Bayside-India Street might be the perfect place! It has an average rent price of $2,058, while the city’s average stands at $1,865. In the last year, prices have increased by 6.9%. East Bayside-India Street is near Univ. Southern Maine, Gorham, Portland International Jetport, and Univ. Southern Maine,Portland.
West Bayside
Average Rent
$2,329/Month
Year-Over-Year Rent Change
3.5%
Units Available
29 Rentals
West Bayside is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Bayside is $2,329 while the city average is $1,865. This is a -3.5% difference from last year. Residents enjoy convenient access to Maine Narrow Gauge Railroad, Univ. Southern Maine,Portland, and Gulf of Maine Research Institute.
West End
Average Rent
$2,419/Month
Year-Over-Year Rent Change
1.9%
Units Available
50 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out West End. The average rent is $2,419, compared to the city average of $1,865. Rent prices have increased by 1.9%. West End is convenient to University of New England, Union Station Plaza, and Southworth Planetarium.
Downtown Portland
Average Rent
$2,478/Month
Year-Over-Year Rent Change
0.9%
Units Available
118 Rentals
Downtown Portland is an affordable neighborhood in Portland with an average rent price of $2,478. Compare this to the city average of $1,865. In the past year, rent prices have decreased by 0.9%. Downtown Portland provides easy access to Portland International Jetport, Hannaford Plaza, and Congress Plaza.
City Center
Average Rent
$2,538/Month
Year-Over-Year Rent Change
0.5%
Units Available
47 Rentals
If you’re looking for a great, affordable neighborhood in Portland, City Center might be the perfect place! It has an average rent price of $2,538, while the city’s average stands at $1,865. In the last year, prices have decreased by 0.5%. City Center is near University of New England, Maine Narrow Gauge Railroad, and Portland Observatory.
Old Port
Average Rent
$2,738/Month
Year-Over-Year Rent Change
1.9%
Units Available
34 Rentals
Old Port is a top choice for budget-conscious renters for a variety of reasons. The average rent in Old Port is $2,738 while the city average is $1,865. This is a -1.9% difference from last year. Residents enjoy convenient access to Univ. Southern Maine, Gorham, Congress Plaza, and University of New England.
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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.