Homes & Apartments 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 April 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 18.7% ($365) lower than the Maine average of $1,950 and 11.9% ($214) lower than the U.S. average of $1,799.

Average Rent
$1,585
Monthly ChangeMonth Over Month Change
Decreased1.1% ($17)
Yearly ChangeYear Over Year Change
Increased19.8% ($262)
Avg. Days on MarketAverage Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,097 Increased1.6% ($17) Increased3.9% ($41)
2 Beds $1,389 Increased0.1% ($1) Increased7.7% ($99)
3 Beds $1,932 Increased1.3% ($24) Increased17.2% ($284)
Cities within Penobscot County Average Rent Avg. Rent vs. PenobscotAverage Rent vs. Penobscot County Avg. Days on MarketAverage Days on Market
Bangor $1,461 Decreased7.8% ($124) 27 days
Orono $1,648 Increased4% ($63) 35 days
Old Town $1,259 Decreased20.6% ($326) 36 days
Brewer $1,459 Decreased7.9% ($126) 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 $1,585 per month.
Homes in Penobscot County typically rent for between $768 and $2,512 per month, with an average of $1,585 per month.
In Penobscot County, the average rent for a 1-bedroom home is $1,097 per month, for a 2-bedroom home, $1,389 per month, and a 3-bedroom home is $1,932 per month.
The average rent in Penobscot County is 11.9% ($214) lower than the national average of $1,799 per month.
The average rent in Penobscot County has decreased by 1.1% ($17) in the last month and increased by 19.8% ($262) 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 76 rental properties available in Penobscot County, ME.
Based on the current averages, a household would need an annual income of $55,560 to comfortably afford a 2-bedroom home in Penobscot County.
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