Average Rent in Bangor, ME↑ Rents rising 3.8% YoY

Bangor, ME has rental prices ranging from $1,305/month to $2,495/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,380/month, near the national average. With a median household income of $63,248/year, spending $1,380/month on a 1-bedroom represents 26% of gross income — within the recommended 30% threshold.

How Bangor Compares

With an average 2-bedroom rent of $1,722/month, Bangor ranks #5 most expensive of the 19 cities tracked in Maine — pricier than 94% 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 $63/month (3.8%) over the past year, from $1,659 to $1,722. This modest growth is consistent with broader inflationary trends seen across US rental markets.

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 $55,200. The local median household income of $63,248 exceeds that threshold by $8,048, making Bangor relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Bangor, ME is $283,105, giving a price-to-rent ratio of 13.7. The break-even point between renting and buying is roughly 14 years — renting offers more flexibility for shorter stays, while buying makes more sense for long-term residents.

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.