Homes for Rent in 04468

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What to Know About

Life in Old Town & Beyond

Old Town shares many of the great qualities that make Maine a desirable place to live.

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

Old Town, ME

As of July 2025, Old Town's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Old Town's average rent is 24.6% ($460) lower than the Maine average of $1,868 and 20.7% ($367) lower than the U.S. average of $1,775.

Average Rent
$1,408
Monthly ChangeMonth Over Month Change
Decreased4.9% ($72)
Yearly ChangeYear Over Year Change
Decreased3.6% ($53)
Avg. Days on MarketAverage Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,112 Increased0.4% ($4) Increased5.6% ($59)
2 Beds $1,402 Decreased3.5% ($51) Increased1.1% ($15)
3 Beds $1,574 Decreased9% ($156) Decreased14.7% ($271)
Nearby Cities Average Rent Avg. Rent vs. Old TownAverage Rent vs. Old Town Avg. Days on MarketAverage Days on Market
Orono $1,748 Increased24.1% ($340) 35 days
Bangor $1,341 Decreased4.8% ($67) 27 days
Brewer $1,432 Increased1.7% ($24) 35 days
Hampden $1,363 Decreased3.2% ($45) 39 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Old Town Rental Market FAQs

Explore rental prices, market trends, and availability in Old Town, ME.

The average rent in Old Town, ME is $1,408 per month.
Homes in Old Town typically rent for between $778 and $2,046 per month, with an average of $1,408 per month.
In Old Town, the average rent for a 1-bedroom home is $1,112 per month, for a 2-bedroom home, $1,402 per month, and a 3-bedroom home is $1,574 per month.
The average rent in Old Town is 20.7% ($367) lower than the national average of $1,775 per month.
The average rent in Old Town has decreased by 4.9% ($72) in the last month and decreased by 3.6% ($53) over the past year.
The rental market in Old Town, ME, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Old Town, ME, the average rental stays on the market for approximately 36 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 11 rental properties available in Old Town, ME.
Based on the current averages, a household would need an annual income of $56,080 to comfortably afford a 2-bedroom home in Old Town.
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