Tower 99
99 Franklin St,
Bangor, ME 04401
1-2 Beds | $2,000 - $3,000
Rental Market Trends in Bangor, ME
What is the average rent in Bangor, ME?
$1,283/month
Average Rent
623 Sq Ft
Average Apartment Size
+1.9%
Increase in the Last Year
As of December 2024, the average rent in Bangor, ME is $1,283 per month. This is 18% lower than the national average rent of $1,560/month, making renting in Bangor more affordable than most cities in the US. When you rent an apartment in Bangor, you can expect to pay about $779 per month for a studio, $1,283 for a one-bedroom apartment, and around $1,193 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,373 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Bangor, ME?
In the past year, rent has increased by 1.9%, which averages out to $25 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated December 2024
Legend
2023
2024
Rent Ranges in Bangor, ME
Last Updated December 2024
$700 - $1,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
53%
$700 - $1,000/month
13%
$1,001 - $1,500/month
20%
$1,501 - $2,000/month
13%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Bangor?
Based on current rent prices, Maine North & Bangor and Downtown Bangor" are the most affordable neighborhoods in Bangor.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Bangor?
Based on current rent prices, Downtown Bangor and Maine North & Bangor" are the most expensive neighborhoods in Bangor.
Neighborhood
Average Rent
Average Sq Ft
Which Bangor neighborhoods have the most rentals available?
The neighborhoods in Bangor with the most apartments available are Downtown Bangor and Maine North & Bangor" .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Bangor, ME?
Because the average rent in Bangor is $1,283, you’ll want to make about $4,276 per month or $51,312 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Bangor, ME compare to other nearby cities and neighborhoods?
Use the tool below to compare Bangor, ME to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$768/month
$718/month
One Bedroom
$1,369/month
$1,130/month
Two Bedroom
$1,351/month
$1,272/month
Three Bedroom
$1,774/month
$2,714/month
Nearby City Rent Trends
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Methodology
† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
* Percentages may not total 100 due to rounding.