Average Rent in Waldo County, ME↓ Rents falling 4.9% YoY

Waldo County, ME has rental prices ranging from $1,132/month to $1,981/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,148/month — 18% below the national average of $1,400/month. With a median household income of $68,441/year, spending $1,148/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.

How Waldo County Compares

With an average 2-bedroom rent of $1,367/month, Waldo County ranks #12 most expensive of the 19 cities tracked in Maine — pricier than 85% of all US cities in our data.

The Waldo County Rental Market

The Waldo County, ME area has a population of about 40,006 and 19% 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 Waldo County, ME have fallen by $71/month (4.9%) over the past year, from $1,438 to $1,367. This slight decline is consistent with broader market corrections seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Waldo County, ME without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $45,920. The local median household income of $68,441 exceeds that threshold by $22,521, making Waldo County relatively accessible compared to local wages.

Economy & Jobs

Waldo County, ME has an unemployment rate of 3.2%, 0.7 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 Waldo County, ME Affordable?

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

Rent or Buy in Waldo County?

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

Living in Waldo County

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