280 State St, Unit 2
280 State St
PortlandME04101
Cheap Homes for Rent in the Downtown Portland Neighborhood of Portland, ME from $1,630 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Portland area of Portland.
175 Pine St, Unit 2-H
175 Pine St
PortlandME04102
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
602 Congress St
PortlandME04101
60 Parris St
PortlandME04101
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
48 State St, Unit 21
48 State St
PortlandME04101
Showing Results 1-5, Page 1 of 1
Downtown Portland, Portland, ME Local Guide
How much does it cost to rent a home in Downtown Portland?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Portland 2 Bedroom Homes for Rent | $3,415 | $1,700 | $5,750 |
| Downtown Portland 3 Bedroom Homes for Rent | $4,750 | $3,000 | $6,500 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 2 mile radius of the Downtown Portland Neighborhood of Portland, ME.
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Downtown Portland, Portland, ME Local Guide
- Nearby Portland neighborhoods
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Best Value Homes for Rent in Downtown Portland, ME
As of September 22, 2026 the best value rental home in the Downtown Portland area is the $3.34 price per square foot 45 Eastern Promenade Model at 45 Eastern Promenade, Unit 2F in the Downtown Portland neighborhood starting from $2,970. The second greatest value Downtown Portland rental home is the 10 Exchange St Model at 10 Exchange St, Unit 301 in the Downtown Portland neighborhood starting at $3,600 with a $4.47 price per square foot. Here is today’s list of the best values for Downtown Portland homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 45 Eastern Promenade, Unit 2F | 45 Eastern Promenade | 1BR, 1BA | $3.34 |
| 10 Exchange St, Unit 301 | 10 Exchange St | 2BR, 1BA | $4.47 |
| 175 Pine St, Unit 2-H | 175 Pine St | 2BR, 1BA | $2.18 |
| 602 Congress St | 602 Congress St | Studio, 1BA | $4.31 |
| 280 State St, Unit 2 | 280 State St | Studio, 1BA | $5.82 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Quick Rent Budget Calculator
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleDowntown Portland, Portland, ME
Ranked #7
Among cities in Maine for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Portland, Portland, ME
School data provided by Great Schools
Frequently Asked Questions about Downtown Portland
What type of rentals are currently available in Downtown Portland?
There are currently 521 Apartments for Rent in Downtown Portland, ME with pricing that ranges from $1,326 to $4,730. There are also 20 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Portland ranging from $1,630 to $6,500.
What is the current price range for Rental Homes in Downtown Portland?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Portland ranges from $1,630 to $6,500 with an average monthly rent of $2,967.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.