Rent to own Homes in Portland, ME

Portland, Maine, is seeing a comeback in the single-family home real estate market. In 2012, single home sales numbered 428, up from 374 in 2011. The median selling price for a single family home was $223,950. Rental property vacancy rates fell from 7.5 percent to hover around 2 percent over the last five years. Rent to own properties are difficult to come by. The average rent for a household leasing a two-bedroom apartment is $1,050 - an increase of 200 dollars over the past five years.

Portland, ME is a great place for affordable rent-to-own homes! With a median household income of over $61,695 and a median rent of $1,204, the 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 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 Portland, ME rent to own homes for sale, which may include auction properties, for sale by owner, and more.
Showing 1 - 44 of 176
1 of 24 5 PARK ST
Rent To Own
 
Single Family Home
Boothbay Harbor, ME 04538
4
2
1200 ft2
1910
325 PREBLE ST
Rent To Own
Willard Square
Single Family Home
South Portland, ME 04106
4
3
2332 ft2
1780
32 East Oxford St
Rent To Own
East Bayside - India Street
Multifamily (2 - 4 Units)
Portland, ME 04101
7
4
3000 ft2
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
1 of 31 274 ISLAND AVE
Rent To Own
Peaks Island
Single Family Home
Peaks Island, ME 04108
2
2
1350 ft2
1915
25 LEDGE RD
Rent To Own
Loveitts Field
Single Family Home
South Portland, ME 04106
4
3
2678 ft2
1922
Hot
1 of 30 102 VICTORIA DR
Rent To Own
Westbrook
Single Family Home
Westbrook, ME 04092
3
3
2460 ft2
2004
Hot
1 of 20 9 PHILLIP ST
Rent To Own
Scarborough
Single Family Home
Scarborough, ME 04074
3
1
1400 ft2
1976
1 of 10 445 NORTH RD
Rent To Own
 
Single Family Home
Yarmouth, ME 04096
5
3
3850 ft2
2018
Hot
1 of 2 179 DEPOT RD
Rent To Own
 
Single Family Home
Gray, ME 04039
3
2
1344 ft2
1992
Hot
1 of 14 165 SHAWS MILL RD
Rent To Own
 
Single Family Home
Standish, ME 04084
3
1
1800 ft2
1850
Hot
1 of 13 4 ROMEO LN
Rent To Own
 
Single Family Home
Biddeford, ME 04005
3
4
2614 ft2
1997
Hot
1 of 51 420 NEWELL BROOK RD
Rent To Own
 
Single Family Home
Durham, ME 04222
3
3
2086 ft2
2002
1 of 3 0 Portland
Rent To Own
 
Multifamily (2 - 4 Units)
Arundel, ME 04046
2
2
1500 ft2
36 SEA KISS PT
Rent To Own
 
Single Family Home
West Bath, ME 04530
5
6
5400 ft2
2022
Hot
1 of 17 25 JOHNSON RD
Rent To Own
 
Single Family Home
Standish, ME 04084
3
1
2060 ft2
1984
Hot
1 of 21 1200 MAIN RD
Rent To Own
 
Single Family Home
Phippsburg, ME 04562
3
4
3227 ft2
2006
11 Pine Island
Rent To Own
 
Multifamily (2 - 4 Units)
Naples, ME 04055
2
2
750 ft2
1984
1 of 12 748 Clarkswoods Road
Rent To Own
 
Multifamily (2 - 4 Units)
Lyman, ME 04002
5
5
5300 ft2
1981
Hot
1 of 15 750 ROOSEVELT TRL
Rent To Own
 
Single Family Home
Naples, ME 04055
3
3
2800 ft2
2000
1 of 32 475 Atlantic Avenue
Rent To Own
 
Multifamily (2 - 4 Units)
Wells, ME 04103
3
2
1184 ft2
1952
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
Hot
1 of 11 41 FAWN CT
Rent To Own
 
Single Family Home
Naples, ME 04055
3
2
1248 ft2
1987
Hot
1 of 23 1072 POST RD #234
Rent To Own
 
Townhouse/Condo
Wells, ME 04090
1
1
605 ft2
1988
565 S BRIDGTON RD
Rent To Own
 
Single Family Home
Bridgton, ME 04009
4
2
2300 ft2
1920
65 East Side Road
Rent To Own
 
Single Family Home
Trevett, ME 04571
4
3
2920 ft2
2022
Hot
1 of 21 32 BLUESTONE LN
Rent To Own
 
Single Family Home
York, ME 03909
4
3
2692 ft2
1995
New
52 SMITH ST
Pre-Foreclosure (Lis Pendens)
Willard Square
Single Family Home
South Portland, ME 04106
1
1
594 ft2
1949
New
102 HARTLEY ST
Pre-Foreclosure (Lis Pendens)
Deering Center
Single Family Home
Portland, ME 04103
2
2
1144 ft2
1950
New
15 PREBLE ST
Pre-Foreclosure (Lis Pendens)
Ferry Village
Single Family Home
South Portland, ME 04106
2
2
1594 ft2
1920
New
121 REVERE ST
Pre-Foreclosure (Lis Pendens)
Rosemont
Single Family Home
Portland, ME 04103
4
1
1008 ft2
1948
New
17 ALPINE ST
Auction
Knightville
Single Family Home
South Portland, ME 04106
2
1
936 ft2
1992
3 KENILWORTH ST
REO Foreclosure
Rosemont
Single Family Home
Portland, ME 04102
3
2
1262 ft2
1927
New
29 PRIMROSE LN
Pre-Foreclosure (Lis Pendens)
North Deering
Single Family Home
Portland, ME 04103
4
2
1150 ft2
1973
New
6 W COMMONWEALTH DR
Pre-Foreclosure (Lis Pendens)
Riverton
Single Family Home
Portland, ME 04103
3
1
1165 ft2
1960
New
71 LONGWOOD DR
Pre-Foreclosure (Lis Pendens)
Nasons Corner
Single Family Home
Portland, ME 04102
2
1
1120 ft2
1968
166 BROOK ST
REO Foreclosure
Westbrook
Single Family Home
Westbrook, ME 04092
6
1
2525 ft2
1890
New
100 BRIDGTON RD
Pre-Foreclosure (Lis Pendens)
Westbrook
Single Family Home
Westbrook, ME 04092
2
2
1176 ft2
1930
New
99 BRIDGTON RD
Pre-Foreclosure (Lis Pendens)
Westbrook
Single Family Home
Westbrook, ME 04092
2
2
1486 ft2
1962
New
18 OLD MILL RD
Pre-Foreclosure (Lis Pendens)
Falmouth
Single Family Home
Falmouth, ME 04105
3
3
1635 ft2
1920
86 VANNAH AVE
Pre-Foreclosure (Lis Pendens)
Back Cove
Single Family Home
Portland, ME 04103
4
3
1498 ft2
1946
New
22 INDEPENDENCE DR
Auction
Westbrook
Single Family Home
Westbrook, ME 04092
3
2
1458 ft2
1965
New
122 BRIGHAM ST
Auction
Thornton Heights
Single Family Home
South Portland, ME 04106
3
2
864 ft2
1954
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Buying a Home in Portland, ME

Portland, ME is seeing rapid growth and Portland, ME's' housing market remains not optimal with an average home price that is 39% above the 2024 national average. 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 Portland, ME

Median Rent in Portland, ME

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

Outdoor Recreation In Maine, you can spend the morning hiking mountains and the afternoon on the Atlantic beach.

Portland Tourist Attractions The Portland Museum of Art

Portland Neighborhoods As an old city filled with history, many neighborhoods are fun to explore. Two important ones are the Portland Art District and Portland's Old Port. Walking both areas is easy as they are practically adjacent to one another.