Portland Fair Market Rent FY 2023 Portland, ME HUD Metro FMR Area Rental Data

Fair Market Rent prices in Portland are very high compared to the national average. This FMR area is more expensive than 97% of other FMR areas. Fair Market Rent for a two-bedroom apartment in Portland is $1,859 per month.

The previous year, rent for a two-bedroom home was $1,637 per month. This is a 13.56% 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 Maine which ares listed in the table below. Estimated population of Portland, ME HUD Metro FMR Area FMR area is 272,067 people based on latest Census data.

Compared to the rest of Maine, the Portland FMR area is more expensive than 95% of the state.

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.

50^th Percentile Rental Prices: