Homes & Apartments for Rent in Old Town, ME

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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 April 2026, 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 21.8% ($411) lower than the Maine average of $1,887 and 17.4% ($312) lower than the U.S. average of $1,788.

Average Rent
$1,476
Monthly ChangeMonth Over Month Change
Decreased1.9% ($29)
Yearly ChangeYear Over Year Change
Increased17.2% ($217)
Avg. Days on MarketAverage Days on Market
36
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,156 Increased0.3% ($3) Increased13.3% ($136)
2 Beds $1,457 Increased0.3% ($4) Increased17.4% ($216)
3 Beds $1,637 Increased0.3% ($5) Increased6.4% ($99)
Nearby Cities Average Rent Avg. Rent vs. Old TownAverage Rent vs. Old Town Avg. Days on MarketAverage Days on Market
Milford $1,365 Decreased7.5% ($111) 39 days
Orono $1,583 Increased7.2% ($107) 35 days
Greenbush $1,068 Decreased27.6% ($408) 33 days
Bangor $1,347 Decreased8.7% ($129) 27 days
Corinth $1,259 Decreased14.7% ($217) 36 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 $1,476 per month.
Homes in Old Town typically rent for between $809 and $2,128 per month, with an average of $1,476 per month.
In Old Town, the average rent for a 1-bedroom home is $1,156 per month, for a 2-bedroom home, $1,457 per month, and a 3-bedroom home is $1,637 per month.
The average rent in Old Town is 17.4% ($312) lower than the national average of $1,788 per month.
The average rent in Old Town has decreased by 1.9% ($29) in the last month and increased by 17.2% ($217) 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 33 rental properties available in Old Town, ME.
Based on the current averages, a household would need an annual income of $58,280 to comfortably afford a 2-bedroom home in Old Town.
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