ZIP Code · ME

ZIP 04103

Part of Portland, ME

Pop. 32,024·Cumberland County·2nd most expensive ZIP in Maine

Median rent (all units)

$2,714/mo

Year-over-Year

+1.9%

Month-over-Month

-0.4%

vs US Median

+$782

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 04103 · $2,714

More expensive than 85% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,480

1 BR

$1,670

2 BR

$2,150

3 BR

$2,620

4 BR+

$2,850

Research median

$2,150/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 04103 is 2% below its high of $2,769 in April 2026, at $2,714 as of September 2026.

Past year vs. the rest of Maine

Rent in ZIP 04103 changed +1.9% over the year to September 2026. Across the 16 Maine ZIP codes Zillow tracks, the typical change was +3.1%.

Recent direction

Rent has fallen 5 months in a row, and rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($89,796) is $2,245 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,150); a 3-bedroom is $2,620.

Rank in Portland

3rd cheapest of 3 ZIP codes in Portland.

Cheaper nearby

ZIP 04101, 3 miles away, rents for 15% less ($2,296/mo), about $5,000 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 04103. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$32,568/yr

At $2,714/mo median

Location

CityPortland

StateME

CountyCumberland County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (+1.9% YoY, -0.4% MoM), not inventory.

Demographics

Who lives here

ZIP 04103 (Portland, ME) is majority owner-occupied, has a median income above the national average, 59% of residents hold a bachelor's degree or higher.

Population

32,024

Median income

$89,796

Median age

38.1

Renters

38.5%

Age distribution

19.2%

23.8%

27.1%

12.1%

17.8%

Under 1819.2%

18–3423.8%

35–5427.1%

55–6412.1%

65+17.8%

Gender

46.3%

53.7%

Male46.3%

Female53.7%

Race & ethnicity

80.1%

White80.1%

Black8.9%

Hispanic2.1%

Asian4.2%

Other4.6%

Education (25+)

15.2%

24%

59%

No HS diploma1.8%

HS diploma15.2%

Some college24%

Bachelor's+59%

Housing tenure

61.5%

38.5%

Owner61.5%

Renter38.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How ZIP 04103 in Portland, ME has changed in 5 years

Rent

$2,178 → $2,714

up 24.6%

Income

$76,540 → $89,796

up 17.3%

Population

32,011 → 32,024

up 0.0%

Renter share

39.1% → 38.5%

-0.6 pts

Bachelor's+

55.5% → 59%

+3.5 pts

Median age

37.1 → 38.1

+1.0 yrs

Since 2022, the typical rent in ZIP 04103 in Portland, ME has climbed from $2,178 to $2,714, a 24.6% change over five years. Median household income rose from $76,540 to $89,796 between 2021 and 2024, a 17.3% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. College-educated residents now make up 59% of adults here, versus 55.5% in 2021. Taken together, the five-year picture in ZIP 04103 in Portland, ME reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 04103

Last updated: October 17, 2026

ZIP code 04103 covers Portland, ME. The median rent here is $2,714/mo as of October 2026. A 1-bedroom rents for a median of $1,670/mo. A 2-bedroom rents for a median of $2,150/mo.

At 36% of local median household income ($89,796/yr), ZIP 04103 ranks as moderate compared to the national benchmark of 30%. Rents have increased 1.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 04103?

To keep rent at or below 30% of gross income, you would need to earn at least $109,000/year (about $52/hour full-time) to afford the median rent of $2,714/mo in ZIP 04103. The local median household income is $89,796/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 04103?

Rent in ZIP 04103 has risen 1.9% over the past year as of September 2026. It sits 2% below its high of $2,769 in April 2026.

How does ZIP 04103 compare to other ZIPs in Maine?

ZIP 04103 is one of the pricier among Maine ZIP codes for rent, ranking #2 of 22 at $2,714/mo. Over the year to September 2026, rent in ZIP 04103 changed +1.9%, against a typical +3.1% across the 16 Maine ZIP codes Zillow tracks.