Redbank Village
62 MacArthur Cir E,
South Portland, ME 04106
1-3 Beds | $1,725 - $2,135
Rental Market Trends in South Portland, ME
What is the average rent in South Portland, ME?
$1,641/month
Average Rent
662 Sq Ft
Average Apartment Size
+4%
Increase in the Last Year
As of December 2024, the average rent in South Portland, ME is $1,641 per month. For comparison, the national average rent price in the US is currently $1,560/month, which means South Portland rent prices are 5% higher than the national average. When you rent an apartment in South Portland, you can expect to pay about $1,016 per month for a studio, $1,641 for a one-bedroom apartment, and around $1,915 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,965 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in South Portland, ME?
In the past year, rent has increased by 4%, which averages out to $67 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in South Portland, ME
Last Updated December 2024
$1,501 - $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
22%
$1,001 - $1,500/month
44%
$1,501 - $2,000/month
33%
Above $2,000/month
What salary do I need to live comfortably in South Portland, ME?
Because the average rent in South Portland is $1,641, you’ll want to make about $5,470 per month or $65,640 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does South Portland, ME compare to other nearby cities and neighborhoods?
Use the tool below to compare South Portland, ME to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Nearby City Rent Trends
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Methodology
† 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.
* Percentages may not total 100 due to rounding.