Average Rent in Bangor, ME↑ Rents rising 14.9% YoY

Bangor, ME has rental prices ranging from $1,034/month to $1,890/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,114/month — 20% below the national average of $1,400/month. With a median household income of $63,248/year, spending $1,114/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Bangor Compares

With an average 2-bedroom rent of $1,424/month, Bangor ranks #6 most expensive of the 19 cities tracked in Maine — pricier than 90% of all US cities in our data.

The Bangor Rental Market

The Bangor, ME area has a population of about 153,571 and 30% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Bangor, ME have risen by $185/month (14.9%) over the past year, from $1,239 to $1,424. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.

Affordability

To afford a 1-bedroom apartment in Bangor, ME without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $44,560. The local median household income of $63,248 exceeds that threshold by $18,688, making Bangor relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Bangor, ME is $287,370, giving a price-to-rent ratio of 16.8. With a break-even horizon of approximately 17 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Is Bangor, ME Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Bangor?

Break-even analysis and mortgage estimates based on local market data.

Living in Bangor

Cost of living, job market, crime rates, and moving cost estimates.