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Portland Apartments For Rent

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Portland Apartment Options

Avg. RentAnnual Change
1 Bed - $2,100+14%
2 Beds - $1,9500%
Last updated 3/30/2023

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Overview of Portland

Portland apartments for rent are located along a southern peninsula of Maine that reaches into the Casco Bay. In addition to the city being a top tourist destination in the state, local residents are able to enjoy water activities and natural wonders throughout the area's parks. Portland maintains a number of historical sites throughout the region, along with wonderful dining options.

Living in Portland

There are plenty of Portland apartments for rent to consider right downtown. Choose from one of the many neighborhoods in the area and you'll be close to history, the arts and waterfront. Spend weekends strolling through the Portland Museum of Art, Children's Museum and Theatre of Main or the Main Historical Society. Along the water in Portland, you can enjoy delicious meals crafted from local lobster and other fresh seafood.

Within the Bayside neighborhood, you'll find a vast array of residents, including families, singles and businesses. Portland apartments located in the West End feature Victorian architecture and nearby parks. Another popular neighborhood is the East End, which houses the Portland Observatory and Munjoy Hill.

Portland Apartments and Cost of Living

The average cost of living in Portland is 12.8 percent greater than the national average, which is right on par with the average for residents across the state of Maine. With median rental rates that are 4.8 percent greater than the national average, you will have no trouble affording Portland apartments for rent with a median household income that is 5.4 percent greater than the average in Maine.

If you are in need of affordable housing, you can connect with the Maine State Housing Authority. Low income apartments for rent in Portland are available through Choice Housing Vouchers, subsidized apartments and other programs that provide self-sufficiency for families in the area.

Apartments in Portland Work and Study

In December 2012, the unemployment rate in Portland was just 5.4 percent. Residents of apartments in Portland are most likely to find employment in healthcare and manufacturers of leather goods. Some of the top employers in the city include TD Banknorth, Maine Medical Center and L.L. Bean.

While living in Portland apartments you will have some excellent options to consider if you are looking to further your education. In addition to the University of Maine's home campus, the school also has a law school in the area. Other colleges in the region include the Maine College of Art and University of New England.

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