Cheapest Neighborhoods in Portland, ME
Some of the cheapest neighborhoods in Portland are East Bayside-India Street, West Bayside, and Parkside. These neighborhoods offer some of the lowest rent prices in Portland, making them ideal for renters on a budget. As of September 11, 2026, the average rent in Portland is $1,872, which is 2.2% 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
$2,160/Month
Year-Over-Year Rent Change
5.2%
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 $2,160, while the city’s average stands at $1,872. In the last year, prices have increased by 5.2%. East Bayside-India Street is near Little Diamond Island, Maine Narrow Gauge Railroad, and Great Diamond Island.
West Bayside
Average Rent
$2,213/Month
Year-Over-Year Rent Change
1.7%
Units Available
25 Rentals
West Bayside is a top choice for budget-conscious renters for a variety of reasons. The average rent in West Bayside is $2,213 while the city average is $1,872. This is a 1.7% difference from last year. Residents enjoy convenient access to Portland International Jetport, Little Diamond Island, and Diamond Cove.
Parkside
Average Rent
$2,263/Month
Year-Over-Year Rent Change
1.4%
Units Available
11 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Parkside. The average rent is $2,263, compared to the city average of $1,872. Rent prices have increased by 1.4%. Parkside is convenient to Little Diamond Island, Gulf of Maine Research Institute, and 261-269 St John St.
West End
Average Rent
$2,334/Month
Year-Over-Year Rent Change
1.3%
Units Available
21 Rentals
West End is an affordable neighborhood in Portland with an average rent price of $2,334. Compare this to the city average of $1,872. In the past year, rent prices have increased by 1.3%. West End provides easy access to Little Diamond Island, Portland, and Southern Maine Comm. Coll..
Downtown Portland
Average Rent
$2,394/Month
Year-Over-Year Rent Change
2.1%
Units Available
68 Rentals
If you’re looking for a great, affordable neighborhood in Portland, Downtown Portland might be the perfect place! It has an average rent price of $2,394, while the city’s average stands at $1,872. In the last year, prices have increased by 2.1%. Downtown Portland is near Southern Maine Comm. Coll., 283 Marginal Way, and Portland.
City Center
Average Rent
$2,447/Month
Year-Over-Year Rent Change
2.4%
Units Available
47 Rentals
City Center is a top choice for budget-conscious renters for a variety of reasons. The average rent in City Center is $2,447 while the city average is $1,872. This is a 2.4% difference from last year. Residents enjoy convenient access to Portland Observatory, University of New England, and Little Diamond Island.
Old Port
Average Rent
$2,628/Month
Year-Over-Year Rent Change
1.9%
Units Available
19 Rentals
When you’re looking for a great Portland neighborhood on a budget, check out Old Port. The average rent is $2,628, compared to the city average of $1,872. Rent prices have decreased by 1.9%. Old Port is convenient to Portland International Jetport, Congress Plaza, and Century Plaza.
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.