The Armature
52 Hanover St,
Portland, ME 04101
$1,900 - $5,680 | Studio - 2 Beds
Downtown Portland
Portland, ME
Downtown Portland - Portland, ME
Area Guide
A downtown harborside oasis unlike any other
Harbor
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Parks
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Boating
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Beach
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Dog-Friendly
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Brewery
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Local Business
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Historic
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Museums
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Downtown Portland is a historic, coastal town with a working waterfront, museums, award-winning restaurants, hundreds of shops, and everything in between. Downtown Portland’s community is proud of its funky, unique vibe and hard-working locals. There are a plentitude of incredible bars, restaurants, and shops to explore downtown that are a blend of locally owned and national chains. Local breweries like Rising Tide and Shipyard are popular with Maine locals.
The Eastern Promenade is the largest stretch of grassy space on the harbor that offers scenic walking paths, sports areas, boat ramps, piers, and a dog-friendly public beach called East End Beach. Walk, hike, or bike on Bayside Trail with your dog and enjoy incredible views of the sea. The Portland Museum of Art and the State Theatre are must-visit locations downtown. And don’t forget to tour the Victoria Mansion, a 19th century Italian-style villa. A spectacular apartment is awaiting you in the waterfront oasis of Downtown Portland.
Rent Trends
As of March 2025, the average apartment rent in Downtown Portland is $1,477 for a studio, $1,770 for one bedroom, $2,183 for two bedrooms, and $3,099 for three bedrooms. Apartment rent in Downtown Portland has decreased by -0.3% in the past year.
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Studio
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422 sq ft
Average Sq Ft
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$1,477/month
Average Rent
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1 BR
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568 sq ft
Average Sq Ft
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$1,770/month
Average Rent
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2 BR
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781 sq ft
Average Sq Ft
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$2,183/month
Average Rent
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3 BR
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969 sq ft
Average Sq Ft
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$3,099/month
Average Rent
Points of Interest
Shopping Centers
Parks and Recreation
- Children's Museum & Theatre of Maine
- Gulf of Maine Research Institute
- Portland Observatory
- Southworth Planetarium
- Maine Narrow Gauge Railroad
Airports
- Portland International Jetport
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.