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10 2 Bedroom Apartments for rent in Portland, ME

Last updated August 20 at 6:47am UTC
33 Back Cove Estates
Back Cove
Portland, ME
Updated August 18 at 9:45am UTC
2 Bedrooms
Ask
234 Eastern Promenade Unit 3
East End
Portland, ME
Updated August 2 at 9:41am UTC
2 Bedrooms
$2,400
916 Sligo Road
, ME
Updated August 18 at 9:41am UTC
2 Bedrooms
$1,800
22 Greenwood Ave Higgins Beach
Scarborough
Scarborough, ME
Updated August 14 at 9:58am UTC
2 Bedrooms
$900
15 Middle St
East End
Portland, ME
Updated August 15 at 11:16am UTC
2 Bedrooms
$2,900
Results within 1 miles of Portland, ME
236 Eastern Promenade Unit 2
East End
Portland, ME
Updated August 2 at 9:41am UTC
2 Bedrooms
$2,400
Results within 10 miles of Portland, ME
505 Washington Ave
East Deering
Portland, ME
Updated August 7 at 5:09pm UTC
2 Bedrooms
$1,300
493 Cumberland Ave
Parkside
Portland, ME
Updated August 7 at 5:09pm UTC
2 Bedrooms
$1,300

August 2018 Portland Rent Report

Welcome to the August 2018 Portland Rent Report. Portland rents remained steady over the past month. In this report, we'll evaluate trends in the Portland rental market, including comparisons to similar cities nationwide.

View full Portland Rent Report
Rent Report
Portland

August 2018 Portland Rent Report

Welcome to the August 2018 Portland Rent Report. Portland rents remained steady over the past month. In this report, we'll evaluate trends in the Portland rental market, including comparisons to similar cities nationwide.

Portland rents held steady over the past month

Portland rents have remained flat over the past month, however, they are up marginally by 0.6% year-over-year. Currently, median rents in Portland stand at $920 for a one-bedroom apartment and $1,150 for a two-bedroom. Portland's year-over-year rent growth lags the state average of 0.7%, as well as the national average of 1.2%.

Portland rents more affordable than many large cities nationwide

As rents have increased marginally in Portland, large cities nationwide have seen rents grow more quickly. Portland is still more affordable than most large cities across the country.

  • Portland's median two-bedroom rent of $1,150 is slightly below the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 0.6% rise in Portland.
  • While Portland's rents rose marginally over the past year, some cities nationwide saw decreases, including Seattle (-2.4%) and Minneapolis (-0.4%).
  • Renters will find more reasonable prices in Portland than most large cities. For example, San Francisco has a median 2BR rent of $3,090, which is more than two-and-a-half times the price in Portland.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.