Bangor, ME Rental Market
Bangor is northern Maine's largest city and regional hub, famous as Stephen King's hometown and home to Eastern Maine Medical Center — one of the state's largest hospitals and the primary trauma center for northern, eastern, and central Maine. The University of Maine (Orono campus, 8 miles away), Husson University, and Eastern Maine Community College provide significant educational employment and student demand, while Bangor International Airport makes it the primary air gateway for the northern two-thirds of the state.
Get a rent estimate for an address in BangorAverage Rent in Bangor, ME
$1,120
per month · 2026-06
Market Score
Key Facts — Bangor, ME Rental Market
- Average rent in Bangor, ME:$1,120/mo
- Median rent:$1,030/mo
- Rent range:$550 – $2,450/mo
- Most common rental (2 bedrooms):$975/mo
- Active listings:280
- Avg days to lease:34 days
- Year-over-year change:+3.2%
- Median home value:$195,000
- Est. gross annual yield:6.9%
- Data as of:2026-06
Rent by Bedroom in Bangor, ME
Average monthly rent for each bedroom type based on current active listings in Bangor.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $800/mo |
2 Bedrooms | $975/mo |
3 Bedrooms | $1,250/mo |
4 Bedrooms | $1,550/mo |
5 Bedrooms | $1,775/mo |
Bangor Rental Market Statistics
Key indicators from the current Bangor, ME rental market.
280
Available now in Bangor
34
From list to lease
$0.90
Average across listings
1,250 sq ft
Typical rental size
$550 – $2,450
Min to max active listings
+3.2%
Avg rent vs. prior year
Investing in Bangor, ME Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$195,000
Typical purchase price in Bangor
Est. Gross Annual Yield
6.9%
Before expenses & vacancy
Avg Monthly Income
$1,120
At average market rent
Gross yield = (avg rent × 12) ÷ median home value. Does not include expenses, financing, vacancies, or management fees. Analyze a specific property in Bangor for a full cash-flow breakdown including all costs.
Bangor, ME Rental Market FAQ
Common questions about renting and investing in Bangor, ME.
What is the average rent in Bangor, ME?
The average rent in Bangor, ME is $1,120 per month as of 2026. One-bedroom apartments average $800/mo, two-bedrooms average $975/mo, and three-bedroom homes average $1,250/mo. The Broadway and State Street corridors near Eastern Maine Medical Center see consistent healthcare worker demand, while the downtown waterfront area and neighborhoods near Husson University attract student and young professional tenants.
Is Bangor, ME a good place to invest in rental property?
Bangor offers a 6.9% estimated gross annual yield with median home values near $195,000. Eastern Maine Medical Center — the region's primary trauma center — is the largest employer and generates reliable, year-round healthcare worker rental demand. University of Maine spillover from nearby Orono adds student demand, and Bangor's role as the regional shopping and services hub for northern Maine creates a diverse economic base. Steady 3.2% rent growth reflects modest but consistent market strength.
How competitive is the Bangor, ME rental market?
Bangor has approximately 280 active listings and averages 34 days on market. Healthcare worker demand from Eastern Maine Medical Center is the most consistent demand driver, with clinical and non-clinical staff alike seeking rentals near the hospital corridor. University of Maine graduate students and faculty add a secondary demand layer in the Orono-adjacent neighborhoods. The overall market is steady and reliable rather than intensely competitive, rewarding well-maintained properties at fair market rents.
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