Lewiston, ME Rental Market
Lewiston is Maine's second-largest city and has undergone a significant economic and cultural transformation, driven by Central Maine Medical Center, Bates College — one of New England's most selective liberal arts institutions — and a growing population of New Mainers including one of the most vibrant Somali communities in the United States. The combination of healthcare employment, Bates College's academic community, and a revitalizing downtown corridor along Lisbon Street is generating 3.0% annual rent growth in a market with very affordable acquisition costs.
Get a rent estimate for an address in LewistonAverage Rent in Lewiston, ME
$1,080
per month · 2026-06
Market Score
Key Facts — Lewiston, ME Rental Market
- Average rent in Lewiston, ME:$1,080/mo
- Median rent:$994/mo
- Rent range:$550 – $2,400/mo
- Most common rental (2 bedrooms):$950/mo
- Active listings:280
- Avg days to lease:35 days
- Year-over-year change:+3.0%
- Median home value:$185,000
- Est. gross annual yield:7.0%
- Data as of:2026-06
Rent by Bedroom in Lewiston, ME
Average monthly rent for each bedroom type based on current active listings in Lewiston.
| Bedroom Type | Avg Rent/mo |
|---|---|
1 Bedroom | $775/mo |
2 Bedrooms | $950/mo |
3 Bedrooms | $1,225/mo |
4 Bedrooms | $1,500/mo |
5 Bedrooms | $1,700/mo |
Lewiston Rental Market Statistics
Key indicators from the current Lewiston, ME rental market.
280
Available now in Lewiston
35
From list to lease
$0.86
Average across listings
1,250 sq ft
Typical rental size
$550 – $2,400
Min to max active listings
+3.0%
Avg rent vs. prior year
Investing in Lewiston, ME Rental Properties
Estimated returns based on current market rents and median home values. Perform full due diligence before investing.
Median Home Value
$185,000
Typical purchase price in Lewiston
Est. Gross Annual Yield
7.0%
Before expenses & vacancy
Avg Monthly Income
$1,080
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 Lewiston for a full cash-flow breakdown including all costs.
Lewiston, ME Rental Market FAQ
Common questions about renting and investing in Lewiston, ME.
What is the average rent in Lewiston, ME?
The average rent in Lewiston, ME is $1,080 per month as of 2026 — one of the most affordable markets in our Maine coverage. One-bedroom apartments average $775/mo, two-bedrooms average $950/mo, and three-bedroom homes average $1,225/mo. Areas near Bates College and Central Maine Medical Center see the most consistent professional demand, while the revitalizing downtown Lisbon Street corridor is attracting younger professional tenants.
Is Lewiston, ME a good place to invest in rental property?
Lewiston offers a 7.0% estimated gross annual yield — the highest in our Maine coverage — driven by very low median home values near $185,000. Central Maine Medical Center and Bates College provide stable institutional employment that anchors rental demand. Steady 3.0% year-over-year rent growth reflects the city's ongoing revitalization, and Portland overflow demand (45 minutes south on I-95) is increasingly attracting price-sensitive tenants to Lewiston.
How competitive is the Lewiston, ME rental market?
Lewiston has approximately 280 active listings and averages 35 days on market — a moderate pace reflecting its smaller size and earlier-stage revitalization. Demand is strongest near Bates College and CMMC, while the downtown Lisbon Street corridor is attracting growing interest from investors and tenants alike. Lewiston represents one of Maine's clearest value opportunities for investors willing to enter a market in active transformation.
Ready to Analyze a Property in Lewiston?
Get an instant rent estimate, cash-flow projection, and comparable rentals for any address in Lewiston, ME.
Analyze Now — It's Free