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Viewing 1-5 of 5 rentals in Old Town
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 August 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 27.8% ($534) lower than the Maine average of $1,918 and 22.7% ($406) lower than the U.S. average of $1,790.
Average Rent
$1,384
Monthly ChangeMonth Over Month Change
1.7% ($24)
Yearly ChangeYear Over Year Change
5.6% ($82)
Avg. Days on MarketAverage Days on Market
36
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,065 | 4.2% ($47) | 7.4% ($73) |
| 2 Beds | $1,333 | 4.9% ($69) | 2% ($27) |
| 3 Beds | $1,737 | 10.4% ($163) | 4.6% ($83) |
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 $1,384 per month.
Apartments in Old Town typically rent for between $746 and $2,258 per month, with an average of $1,384 per month.
In Old Town, the average rent for a 1-bedroom apartment is $1,065 per month, for a 2-bedroom apartment, $1,333 per month, and a 3-bedroom apartment is $1,737 per month.
The average rent in Old Town is 22.7% ($406) lower than the national average of $1,790 per month.
The average rent in Old Town has decreased by 1.7% ($24) in the last month and decreased by 5.6% ($82) 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 6 rental properties available in Old Town, ME.
Based on the current averages, a household would need an annual income of $53,320 to comfortably afford a 2-bedroom apartment in Old Town.
