South Portland / Scarborough, ME
June 2026
04074,04106
Long-term Rental Rates
Apartment
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,650 – $1,823 | 0.03% | 3.97% |
| 2-Bedroom | $2,137 – $2,362 | 3.98% | 10.12% |
| 3-Bedroom | $2,515 – $2,808 | 0.67% | 8.96% |
| 4-Bedroom | $3,070 – $3,338 | 1.85% | 14.82% |
Condo/Townhome
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,643 – $1,757 | -0.86% | 7.77% |
| 2-Bedroom | $2,154 – $2,310 | -0.33% | 8.42% |
| 3-Bedroom | $2,646 – $2,866 | 1.42% | 8.43% |
| 4-Bedroom | $3,231 – $3,497 | 1.89% | 14.39% |
Single-Family
| Unit Type | Price | 1 Mo Change | 1 Yr Change |
|---|---|---|---|
| 1-Bedroom | $1,532 – $1,631 | 1.71% | 8.62% |
| 2-Bedroom | $1,994 – $2,139 | 1.12% | 7.30% |
| 3-Bedroom | $2,759 – $3,019 | 3.35% | 12.67% |
| 4-Bedroom | $3,322 – $3,628 | 2.37% | 12.79% |
In the South Portland / Scarborough (04074, 04106) rental market, 4-bedroom apartments saw the fastest annual growth, with median rent reaching $3,136 after a sharp 14.76% rise over the past year. This segment also experienced a modest monthly gain of 1.91%, reflecting heightened demand for larger multifamily units in the area.
Among 2-bedroom options, condos in South Portland / Scarborough (04074, 04106) outperformed apartments with a median rent of $2,221 compared to $2,162, a $59 premium. Additionally, 2BR condos recorded a 3.76% MoM increase, while apartments dropped by 2.42% MoM, highlighting stronger short-term momentum for the condo segment.
Recent South Portland / Scarborough (04074, 04106) rental trends indicate that 1-bedroom single-family homes climbed by 8.67% year-over-year to $1,549. This growth rate surpasses the YoY gain for 1BR apartments, suggesting shifting renter preferences among smaller units.