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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 2023 Portland, ME HUD Metro FMR Area Rental Data

Fair Market Rent Prices in Portland, ME :
$1,243 $1,448 $1,859 $2,344 $2,732
Studio / Efficiency 1-Bedroom 2-Bedroom 3-Bedroom 4-Bedroom
0-BR 1-BR 2-BR 3-BR 4-BR
Expensive 40th Percentile Metro Area

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.

Maine Rents Map

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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 $ 1341
1-BR 1-Bedroom $ 1563
2-BR 2-Bedroom $ 2006
3-BR 3-Bedroom $ 2529
4-BR 4-Bedroom $ 2948
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
Yarmouth town, ME Metro 8,567
Windham town, ME Metro 18,463
Westbrook city, ME Metro 18,935
Standish town, ME Metro 10,119
South Portland city, ME Metro 25,665
Scarborough town, ME Metro 20,568
Raymond town, ME Metro 4,514
Portland city, ME Metro 66,706
North Yarmouth town, ME Metro 3,839
Long Island town, ME Metro 282
Gray town, ME Metro 8,173
Gorham town, ME Metro 17,723
Frye Island town, ME Metro 33
Freeport town, ME Metro 8,517
Falmouth town, ME Metro 12,262
Cumberland town, ME Metro 8,144
Chebeague Island town, ME Metro 515
Casco town, ME Metro 3,933
Cape Elizabeth town, ME Metro 9,307
Old Orchard Beach town, ME Metro 8,952
Limington town, ME Metro 3,876
Hollis town, ME Metro 4,685
Buxton town, ME Metro 8,289
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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