South Portland, ME Rental Market
South Portland sits directly across the Fore River from Portland and shares its airport — Portland International Jetport — along with many of the same employment anchors, including Maine Medical Center (a short bridge crossing away), the growing food and hospitality sector, and a significant retail and logistics corridor along Route 1. South Portland offers tenants many of the same lifestyle benefits as Portland at roughly 5–6% lower rent, making it a popular alternative for budget-conscious renters who value Portland's culture without paying the Old Port premium.
Get a rent estimate for an address in South PortlandAverage Rent in South Portland, ME
$1,650
per month · 2026-06
Market Score
Key Facts — South Portland, ME Rental Market
- Average rent in South Portland, ME:$1,650/mo
- Median rent:$1,518/mo
- Rent range:$825 – $3,650/mo
- Most common rental (2 bedrooms):$1,450/mo
- Active listings:280
- Avg days to lease:28 days
- Year-over-year change:+4.5%
- Median home value:$410,000
- Est. gross annual yield:4.8%
- Data as of:2026-06
Rent by Bedroom in South Portland, ME
Average monthly rent for each bedroom type based on current active listings in South Portland.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $1,175/mo |
2 Bedrooms | $1,450/mo |
3 Bedrooms | $1,850/mo |
4 Bedrooms | $2,275/mo |
5 Bedrooms | $2,600/mo |
South Portland Rental Market Statistics
Key indicators from the current South Portland, ME rental market.
280
Available now in South Portland
28
From list to lease
$1.27
Average across listings
1,300 sq ft
Typical rental size
$825 – $3,650
Min to max active listings
+4.5%
Avg rent vs. prior year
Investing in South Portland, ME Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$410,000
Typical purchase price in South Portland
Est. Gross Annual Yield
4.8%
Before expenses & vacancy
Avg Monthly Income
$1,650
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in South Portland for a full cash-flow breakdown including all costs.
South Portland, ME Rental Market FAQ
Common questions about renting and investing in South Portland, ME.
What is the average rent in South Portland, ME?
The average rent in South Portland, ME is $1,650 per month as of 2026. One-bedroom apartments average $1,175/mo, two-bedrooms average $1,450/mo, and three-bedroom homes average $1,850/mo. Mill Creek, the area near Portland International Jetport, and the Knightville neighborhood near the Casco Bay Bridge see the most consistent demand from commuters, airport workers, and healthcare professionals.
Is South Portland, ME a good place to invest in rental property?
South Portland offers a 4.8% estimated gross annual yield with 4.5% year-over-year rent growth — the second-strongest in our Maine coverage. Portland International Jetport employment, Maine Medical Center accessibility, and overflow demand from Portland proper create layered tenant demand. Median home values near $410,000 are slightly below Portland, providing marginally better entry-point yields with access to the same employment and lifestyle drivers.
How competitive is the South Portland, ME rental market?
South Portland has approximately 280 active listings and averages 28 days on market — only slightly less competitive than Portland itself. Tenants who cannot find affordable rentals in Portland increasingly look to South Portland as a first-choice alternative, keeping vacancy very low. Properties near the Casco Bay Bridge and Portland Jetport tend to lease fastest from commuters and airport industry workers.
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