Landlord Resources
How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
•11 min read
What to Know About
Living in Maine
Maine, known as the "Pine Tree State," is renowned for its breathtaking natural scenery, rocky coastline, and diverse outdoor activities. Immerse yourself in Maine's rich history and traditions by visiting institutions such as the Maine State Museum and the Penobscot Bay History Center or benefiting from prestigious universities like the University of Maine, Bowdoin College, and Colby College. In addition, a thriving fishing industry, robust tourism sector, and abundant natural resources sustain Maine's economy, providing residents with a wide range of employment opportunities.
Experience the best of what Maine has to offer by visiting iconic attractions such as the flagship L.L. Bean store, the Maine Lobster Festival, the historic Maine Maritime Museum, and the charming city of Portland. In addition, enjoy a multitude of outdoor options, from exploring the majestic Acadia National Park and the Allagash Wilderness Waterway to sailing the crystal-clear waters of the Gulf of Maine.
Its thriving economy, excellent recreational offerings, and unique coastal experience make Maine a great place to live, and the state's friendly and welcoming atmosphere will make you feel right at home.
Rental Market Trends
Maine
As of June 2026, Maine's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Maine's average rent is 9.6% ($172) higher than the U.S. average of $1,797.
Average Rent
$1,969
Monthly ChangeMonth Over Month Change
0.2% ($3)
Yearly ChangeYear Over Year Change
8.2% ($149)
Avg. Days on MarketAverage Days on Market
26
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,777 | 0.3% ($6) | 21% ($308) |
| 2 Beds | $2,239 | 0.4% ($8) | 21% ($388) |
| 3 Beds | $2,516 | 0.3% ($8) | 21% ($437) |
| Top Markets in Maine | Average Rent | Avg. Rent vs. MEAverage Rent vs. Maine | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Bangor | $1,535 | 22% ($434) | 27 days |
| Waterville | $1,259 | 36.1% ($710) | 29 days |
| Lewiston | $1,537 | 21.9% ($432) | 28 days |
| Old Town | $1,470 | 25.3% ($499) | 36 days |
| Portland | $2,402 | 22% ($433) | 26 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Maine Rental Market FAQs
Explore rental prices, market trends, and availability in Maine.
The average rent in Maine is $1,969 per month.
Apartments in Maine typically rent for between $1,244 and $3,271 per month, with an average of $1,969 per month.
In Maine, the average rent for a 1-bedroom apartment is $1,777 per month, for a 2-bedroom apartment, $2,239 per month, and a 3-bedroom apartment is $2,516 per month.
The average rent in Maine is 9.6% ($172) higher than the national average of $1,797 per month.
The average rent in Maine has decreased by 0.2% ($3) in the last month and increased by 8.2% ($149) over the past year.
The rental market in Maine, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Maine, the average rental stays on the market for approximately 26 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
Based on the current averages, a household would need an annual income of $89,560 to comfortably afford a 2-bedroom apartment in Maine.
