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Note: Multiple FMR Areas exist within the region highlighted in the map below. Other FMR Areas include: Cumberland County, ME (part) HUD Metro FMR Area, York County, ME (part) HUD Metro FMR Area and York-Kittery-South Berwick, ME HUD Metro FMR Area

RentData.org Logo Portland Fair Market Rent FY 2022 Portland, ME HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Portland, ME :
$1,088 $1,265 $1,637 $2,088 $2,557
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Affordable 40th Percentile Metro Area

Fair Market Rent prices in Portland are very low compared to the national average. This FMR area is less expensive than 100% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Portland is $1,637 per month.

The previous year, rent for a two-bedroom home was $1,592 per month. This is a 2.83% increase year-over-year.

This FMR rate applies to Portsmouth, NH, Bailey Island, ME, Cape Porpoise, ME, Biddeford Pool, ME, Chebeague Island, ME, Cliff Island, ME, Bustins Island, ME, Newfield, ME, Long Island, ME, East Parsonsfield, ME and other cities within the region. The Metro Code or CBSA code for this region is METRO38860MM6400.

Additionally, This Fair Market Rent (FMR) area Portland, ME HUD Metro FMR Area spans twenty-three counties or cities in which ares listed in the table below. Estimated population of Portland, ME HUD Metro FMR Area FMR area is 266,475 people based on latest Census data.

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What is Fair Market Rent?

Fair Market Rent is determined each fiscal year by the HUD and is used to set payment standards for federal housing assistance programs in Portland. Fair Market Rent is the 40th-percentile of typical rentals in a given region. Learn more

Median Rent Prices in Portland

To compute the 40th percentile of rent prices the HUD must determine the median or 50th percentile as well. 50th percentile rent prices are NOT fair market rents (unless otherwise noted as a 50th percentile designated region above). However, some home owners or rents may be interested in the median rent prices as well.

50th Percentile Rental Prices:
0-BR Studio / Efficiency $ 1147
1-BR 1-Bedroom $ 1334
2-BR 2-Bedroom $ 1726
3-BR 3-Bedroom $ 2201
4-BR 4-Bedroom $ 2696
Change Year:

The counties, cities, towns, and regions listed below fall into the Portland, ME HUD Metro FMR Area FMR area and have the same Fair Market Rent prices which are listed above. This FMR area covers two metro areas: Boston (Manchester) and Portland - Auburn.

County / Region Est. Population
Cape Elizabeth town, ME Metro 9,235
Casco town, ME Metro 3,865
Chebeague Island town, ME Metro 455
Cumberland town, ME Metro 7,695
Falmouth town, ME Metro 11,870
Freeport town, ME Metro 8,295
Frye Island town, ME Metro 40
Gorham town, ME Metro 17,145
Gray town, ME Metro 8,015
Long Island town, ME Metro 255
North Yarmouth town, ME Metro 3,715
Portland city, ME Metro 66,715
Raymond town, ME Metro 4,495
Scarborough town, ME Metro 19,620
South Portland city, ME Metro 25,430
Standish town, ME Metro 10,090
Westbrook city, ME Metro 18,155
Windham town, ME Metro 17,730
Yarmouth town, ME Metro 8,495
Buxton town, ME Metro 8,160
Hollis town, ME Metro 4,475
Limington town, ME Metro 3,780
Old Orchard Beach town, ME Metro 8,745
Zip Codes in Portland, ME HUD Metro FMR Area

There are 93 unique zip codes in this Fair Market Rent (FMR) area:

03804, 03901, 03902, 03903, 03904, 03905, 03906, 03907, 03908, 03909, 03910, 03911, 04001, 04002, 04003, 04004, 04005, 04006, 04009, 04011, 04013, 04014, 04015, 04017, 04019, 04020, 04021, 04024, 04027, 04028, 04029, 04030, 04032, 04033, 04034, 04038, 04039, 04040, 04042, 04043, 04046, 04047, 04048, 04049, 04050, 04054, 04055, 04056, 04057, 04061, 04062, 04063, 04064, 04066, 04069, 04070, 04071, 04072, 04073, 04074, 04076, 04077, 04078, 04079, 04082, 04083, 04084, 04085, 04087, 04090, 04091, 04092, 04093, 04094, 04095, 04096, 04097, 04098, 04101, 04102, 04103, 04104, 04105, 04106, 04107, 04108, 04109, 04110, 04112, 04116, 04122, 04123 and 04124

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