Average Rent in Knox County, ME↓ Rents falling 1.5% YoY

Knox County, ME has rental prices ranging from $1,101/month to $1,975/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,236/month — 12% below the national average of $1,400/month. With a median household income of $71,903/year, spending $1,236/month on a 1-bedroom represents 21% of gross income — within the recommended 30% threshold.

How Knox County Compares

With an average 2-bedroom rent of $1,503/month, Knox County ranks #8 most expensive of the 19 cities tracked in Maine — pricier than 89% of all US cities in our data.

The Knox County Rental Market

The Knox County, ME area has a population of about 40,860 and 22% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Knox County, ME have fallen by $23/month (1.5%) over the past year, from $1,526 to $1,503. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Knox County, ME without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $49,440. The local median household income of $71,903 exceeds that threshold by $22,463, making Knox County relatively accessible compared to local wages.

Economy & Jobs

Knox County, ME has an unemployment rate of 2.8%, 1.1 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Is Knox County, ME Affordable?

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

Rent or Buy in Knox County?

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

Living in Knox County

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