Apartments & Homes for Rent in 04401

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What to Know About

Life in Bangor & Beyond

Bangor 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

Bangor, ME

As of April 2025, Bangor's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Bangor's average rent is 25.1% ($489) lower than the Maine average of $1,950 and 18.8% ($338) lower than the U.S. average of $1,799.

Average Rent
$1,461
Monthly ChangeMonth Over Month Change
Increased2% ($28)
Yearly ChangeYear Over Year Change
Increased9.4% ($126)
Avg. Days on MarketAverage Days on Market
27
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,028 Decreased2.2% ($23) Decreased2% ($21)
2 Beds $1,463 Decreased4% ($61) Increased10.2% ($136)
3 Beds $1,972 Increased15.6% ($266) Increased14.9% ($256)
Nearby Cities Average Rent Avg. Rent vs. BangorAverage Rent vs. Bangor Avg. Days on MarketAverage Days on Market
Brewer $1,459 Decreased0.1% ($2) 35 days
Orono $1,648 Increased12.8% ($187) 35 days
Old Town $1,259 Decreased13.8% ($202) 36 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Bangor Rental Market FAQs

Explore rental prices, market trends, and availability in Bangor, ME.

The average rent in Bangor, ME is $1,461 per month.
Homes in Bangor typically rent for between $720 and $2,564 per month, with an average of $1,461 per month.
In Bangor, the average rent for a 1-bedroom home is $1,028 per month, for a 2-bedroom home, $1,463 per month, and a 3-bedroom home is $1,972 per month.
The average rent in Bangor is 18.8% ($338) lower than the national average of $1,799 per month.
The average rent in Bangor has increased by 2.0% ($28) in the last month and increased by 9.4% ($126) over the past year.
The rental market in Bangor, ME, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Bangor, ME, the average rental stays on the market for approximately 27 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 36 rental properties available in Bangor, ME.
Based on the current averages, a household would need an annual income of $58,520 to comfortably afford a 2-bedroom home in Bangor.
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