Homes for Rent in Penobscot County, ME

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What to Know About

Life in Penobscot County & Beyond

Penobscot County 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

Penobscot County, ME

As of June 2025, Penobscot County's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Penobscot County's average rent is 16.8% ($305) lower than the Maine average of $1,820 and 15.1% ($269) lower than the U.S. average of $1,784.

Average Rent
$1,515
Monthly ChangeMonth Over Month Change
Decreased3.6% ($57)
Yearly ChangeYear Over Year Change
Increased3% ($44)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,098 Increased0.7% ($8) Increased5.3% ($55)
2 Beds $1,460 Increased2.2% ($31) Increased3.2% ($45)
3 Beds $1,852 Decreased2.2% ($42) Increased6.9% ($119)
Cities within Penobscot County Average Rent Avg. Rent vs. PenobscotAverage Rent vs. Penobscot County Avg. Days on MarketAverage Days on Market
Bangor $1,347 Decreased11.1% ($168) 27 days
Old Town $1,480 Decreased2.3% ($35) 36 days
Orono $1,748 Increased15.4% ($233) 35 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Penobscot County Rental Market FAQs

Explore rental prices, market trends, and availability in Penobscot County, ME.

The average rent in Penobscot County, ME is $1,515 per month.
Homes in Penobscot County typically rent for between $769 and $2,408 per month, with an average of $1,515 per month.
In Penobscot County, the average rent for a 1-bedroom home is $1,098 per month, for a 2-bedroom home, $1,460 per month, and a 3-bedroom home is $1,852 per month.
The average rent in Penobscot County is 15.1% ($269) lower than the national average of $1,784 per month.
The average rent in Penobscot County has decreased by 3.6% ($57) in the last month and increased by 3.0% ($44) over the past year.
The rental market in Penobscot County, ME, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Penobscot County, ME, the average rental stays on the market for approximately 35 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 81 rental properties available in Penobscot County, ME.
Based on the current averages, a household would need an annual income of $58,400 to comfortably afford a 2-bedroom home in Penobscot County.
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