Rent to own Homes in South Portland, ME

Yes, it is geographically south of Portland, but it is its own place in all ways - historically, in personality, and in attitude. First settled as an agricultural community in the 1600s, South Portland was a part of its southern neighbor, Cape Elizabeth, for a time and is separated by Casco Bay from Portland. It is known for its working waterfront, rocky coast, Fort Preble and two historic coastal lighthouses.

South Portland, ME is a great place for affordable rent-to-own homes! With a median household income of over $67,198 and a median rent of $1,346, the South Portland, ME rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in South Portland, ME. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.

Check out South Portland, ME rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
325 PREBLE ST
Rent To Own
Willard Square
Single Family Home
South Portland, ME 04106
4
3
2332 ft2
1780
1 of 24 148 Breakwater Drive, #713
Rent To Own
Fort Preble
Multifamily (2 - 4 Units)
South Portland, ME 04106
1
1
665 ft2
1987
25 LEDGE RD
Rent To Own
Loveitts Field
Single Family Home
South Portland, ME 04106
4
3
2678 ft2
1922
Hot
1 of 20 9 PHILLIP ST
Rent To Own
Scarborough
Single Family Home
Scarborough, ME 04074
3
1
1400 ft2
1976
32 East Oxford St
Rent To Own
East Bayside - India Street
Multifamily (2 - 4 Units)
Portland, ME 04101
7
4
3000 ft2
Hot
1 of 30 102 VICTORIA DR
Rent To Own
Westbrook
Single Family Home
Westbrook, ME 04092
3
3
2460 ft2
2004
1 of 31 274 ISLAND AVE
Rent To Own
Peaks Island
Single Family Home
Peaks Island, ME 04108
2
2
1350 ft2
1915
Hot
1 of 13 4 ROMEO LN
Rent To Own
 
Single Family Home
Biddeford, ME 04005
3
4
2614 ft2
1997
1 of 10 445 NORTH RD
Rent To Own
 
Single Family Home
Yarmouth, ME 04096
5
3
3850 ft2
2018
Hot
1 of 14 165 SHAWS MILL RD
Rent To Own
 
Single Family Home
Standish, ME 04084
3
1
1800 ft2
1850
1 of 3 0 Portland
Rent To Own
 
Multifamily (2 - 4 Units)
Arundel, ME 04046
2
2
1500 ft2
Hot
1 of 2 179 DEPOT RD
Rent To Own
 
Single Family Home
Gray, ME 04039
3
2
1344 ft2
1992
Hot
1 of 17 25 JOHNSON RD
Rent To Own
 
Single Family Home
Standish, ME 04084
3
1
2060 ft2
1984
1 of 12 748 Clarkswoods Road
Rent To Own
 
Multifamily (2 - 4 Units)
Lyman, ME 04002
5
5
5300 ft2
1981
1 of 32 475 Atlantic Avenue
Rent To Own
 
Multifamily (2 - 4 Units)
Wells, ME 04103
3
2
1184 ft2
1952
Hot
1 of 23 1072 POST RD #234
Rent To Own
 
Townhouse/Condo
Wells, ME 04090
1
1
605 ft2
1988
Hot
1 of 51 420 NEWELL BROOK RD
Rent To Own
 
Single Family Home
Durham, ME 04222
3
3
2086 ft2
2002
11 Pine Island
Rent To Own
 
Multifamily (2 - 4 Units)
Naples, ME 04055
2
2
750 ft2
1984
Hot
1 of 15 750 ROOSEVELT TRL
Rent To Own
 
Single Family Home
Naples, ME 04055
3
3
2800 ft2
2000
Hot
1 of 21 1200 MAIN RD
Rent To Own
 
Single Family Home
Phippsburg, ME 04562
3
4
3227 ft2
2006
36 SEA KISS PT
Rent To Own
 
Single Family Home
West Bath, ME 04530
5
6
5400 ft2
2022
Hot
1 of 11 41 FAWN CT
Rent To Own
 
Single Family Home
Naples, ME 04055
3
2
1248 ft2
1987
1 of 6 79 SHERBROOKE AVE
Rent To Own
 
Single Family Home
Lewiston, ME 04240
4
3
4012 ft2
1991
Hot
1 of 13 14 ROYAL OAKS DR
Rent To Own
 
Townhouse/Condo
Auburn, ME 04210
2
2
1100 ft2
1984
565 S BRIDGTON RD
Rent To Own
 
Single Family Home
Bridgton, ME 04009
4
2
2300 ft2
1920
Hot
1 of 21 32 BLUESTONE LN
Rent To Own
 
Single Family Home
York, ME 03909
4
3
2692 ft2
1995
Hot
1 of 35 15 HIGH PASTURE RD
Rent To Own
Bartlett Road District
Single Family Home
Kittery Point, ME 03905
4
3
3404 ft2
1996
New
17 ALPINE ST
Auction
Knightville
Single Family Home
South Portland, ME 04106
2
1
936 ft2
1992
New
1 of 25 23 BERWICK ST
Pre-Foreclosure (Lis Pendens)
South Portland
Single Family Home
South Portland, ME 04106
3
1
955 ft2
1942
New
45 LEDGEFIELD CIR
Auction
Broadview Park
Single Family Home
South Portland, ME 04106
3
3
1834 ft2
1997
New
122 BRIGHAM ST
Auction
Thornton Heights
Single Family Home
South Portland, ME 04106
3
2
864 ft2
1954
New
52 SMITH ST
Pre-Foreclosure (Lis Pendens)
Willard Square
Single Family Home
South Portland, ME 04106
1
1
594 ft2
1949
20 RAMBLE RD
Auction
 
Single Family Home
Cape Elizabeth, ME 04107
4
2
1904 ft2
New
97 LINTON ST
Pre-Foreclosure (Lis Pendens)
Thornton Heights
Single Family Home
South Portland, ME 04106
1
1
672 ft2
1950
New
15 PREBLE ST
Pre-Foreclosure (Lis Pendens)
Ferry Village
Single Family Home
South Portland, ME 04106
2
2
1594 ft2
1920
1 of 25 37 CHAMBERLAIN RD
Pre-Foreclosure (Lis Pendens)
 
Single Family Home
Scarborough, ME 04074
3
1
1036 ft2
1959
8 EVERGREEN FARMS RD
Auction
Scarborough
Single Family Home
Scarborough, ME 04074
3
2
1938 ft2
1991
3 KENILWORTH ST
REO Foreclosure
Rosemont
Single Family Home
Portland, ME 04102
3
2
1262 ft2
1927
New
245 SACO ST
Pre-Foreclosure (Lis Pendens)
Westbrook
Single Family Home
Westbrook, ME 04092
3
2
1195 ft2
1955
New
121 REVERE ST
Pre-Foreclosure (Lis Pendens)
Rosemont
Single Family Home
Portland, ME 04103
4
1
1008 ft2
1948
New
121 VICTORIA DR
Pre-Foreclosure (Lis Pendens)
Westbrook
Single Family Home
Westbrook, ME 04092
4
3
2524 ft2
2004
184 CENTRAL ST
REO Foreclosure
Westbrook
Single Family Home
Westbrook, ME 04092
3
2
910 ft2
1920
86 VANNAH AVE
Pre-Foreclosure (Lis Pendens)
Back Cove
Single Family Home
Portland, ME 04103
4
3
1498 ft2
1946
New
102 HARTLEY ST
Pre-Foreclosure (Lis Pendens)
Deering Center
Single Family Home
Portland, ME 04103
2
2
1144 ft2
1950
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Buying a Home in South Portland, ME

South Portland, ME is seeing rapid growth and South Portland, ME's' housing market remains not optimal with an average home price that is 27% above the 2024 national average. South Portland, ME is part of Cumberland county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Cumberland is 1.2% which is above the national average, which is 0.99%.

Median Home Price in South Portland, ME

Median Rent in South Portland, ME

Rent to own homes offer low monthly payments and flexible terms.

Don't Let Its Name Fool You -- South Portland, ME is Unique

Home to the Mall. In southern Maine, if you're going to the mall, It's the South Portland Mall. Shoppers love it; Maine residents couldn't do without it. It is built on land that was formerly a pig farm, and it has served the area well since the 1960s. South Portland is also filled with local, independent shops and the 25,000 residents love to support the home-grown merchants, from thrift shops to the hardware store. Long lines attest to the popularity of Beal's Ice Cream. It's a summer tradition.

See the Sea! The water, especially the harbor, has influenced the city and shaped its history for hundreds of years. Shipbuilding was once a major occupation, employing 30,000 people. More than 250 "Liberty Ships" were built locally during World War II. Visit Bug Light Park, see the restored lighthouse, and learn the city's impressive military and maritime history. Walk along the rocky shore -- Willard Beach is known as the coldest beach in Maine -- before enjoying a lobster roll at a local eatery.

Varied Neighborhoods. Historic homes are everywhere, from large houses to small bungalows, but there is relatively little new construction and only a few modern apartments. Restored and remodeled rent to own houses are popular in Ferry Village, Meetinghouse Hill and Willard Beach, all near the water. Values have risen over the past few years, and availability is slim, but you might find a home for sale by the owner. As you look for a place to live, try muffins from Scratch Baking Co. or Little Bigs. They'll make the search much sweeter.

Four Seasons. Mainers love to joke about their short summers and cold winters, but residents take the weather in stride. If you like winter sports, skate, snowshoe, ski and follow miles of snowmobile trails. Or, settle in to comfortable seating for a first-run movie at Cinemagic Grand.

Rental Opportunities. Fall is a good time to look for a rental house, as some owners who leave for the winter don't want to leave their homes unoccupied. Rental prices are reasonable, hovering around average for the state of Maine. Look for rentals along Cottage Road or Broadway.