How much does it cost to rent in Old Town, ME?

As of July 2026, the median monthly rent in Old Town, ME is $1,801. This figure is based on aggregated data from public sources and community-submitted rents.

Is Old Town cheaper than other Maine cities?

Old Town falls in the middle range for Maine, ranking #16 out of 25 cities at $1,801/mo.

When was Old Town rent data last updated?

Old Town rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · ME

Old Town

Name: Average Rent Prices in Old Town, ME
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 7,470·16th most expensive in Maine·Rental market data updated monthly for Old Town, ME

Median rent (all units)

$1,801/mo

Year-over-Year

Stable

Month-over-Month

+5.8%

vs US Median

-$164

Rising (Monthly)

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Most AffordableMost Expensive

Old Town · $1,801

More affordable than 54% of US cities · National median $1,965/mo

Affordability

42% of income

STRETCHED

0%30% benchmark60%+

At $1,801/mo, rent takes about 42% of the local median household income, well above the 30% benchmark.

Income to afford

$72,000/yr

Local median income

$51,585/yr

Based on the 30%-of-income rule using Old Town's median rent and household income. See the full affordability breakdown →

Medians by bedroom

Rent by unit size

Studio

$1,030

1 BR

$1,100

2 BR

$1,410

3 BR

$1,810

4 BR+

$1,910

Research median

$1,410/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$21,612/yr

At $1,801/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+0.0% YoY, +5.8% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Old Town, ME is majority owner-occupied, has a median income below the national average, 36.8% of residents hold a bachelor's degree or higher.

Population

7,470

Median income

$51,585

Median age

Renters

40.7%

Age distribution

21.8%

21.5%

28.5%

16.9%

Under 1821.8%

18–3421.5%

35–5428.5%

55–6411.2%

65+16.9%

Gender

50.3%

49.7%

Male50.3%

Female49.7%

Race & ethnicity

89.9%

White89.9%

Black3.3%

Hispanic2.4%

Other4.2%

Education (25+)

29.4%

32.6%

36.8%

No HS diploma1.3%

HS diploma29.4%

Some college32.6%

Bachelor's+36.8%

Housing tenure

59.3%

40.7%

Owner59.3%

Renter40.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Old Town, ME has changed in 5 years

Income

$43,474 → $51,585

up 18.7%

Population

7,415 → 7,470

up 0.7%

Renter share

37.7% → 40.7%

+3.0 pts

Bachelor's+

36.9% → 36.8%

-0.1 pts

Local incomes tracked alongside that move, going from a median of $43,474 in 2021 to $51,585 more recently. About 40.7% of households rent today, against 37.7% in 2021.

Community

Discussions about Old Town

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View Old Town rent history (2015–2026) →

Salary vs rent

Can you afford rent in Old Town on your salary?

At $1,801/mo, how Old Town rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 24.6% income

affordable

Elementary School Teacher

Avg $62,384/yr · Rent = 34.6% income

stretched

Police Officer

Avg $71,861/yr · Rent = 30.1% income

stretched

Software Developer

Avg $128,442/yr · Rent = 16.8% income

very comfortable

Lawyer

Avg $164,117/yr · Rent = 13.2% income

very comfortable

Firefighter

Avg $58,413/yr · Rent = 37% income

stretched

Truck Driver

Avg $52,740/yr · Rent = 41% income

rent-burdened

Electrician

Avg $65,007/yr · Rent = 33.2% income

stretched

By apartment size

Old Town rent by bedroom count

Median rent for each apartment size in Old Town. Click any size for full breakdown.

Local insights

Tips for renters in Old Town

About renting in Old Town, ME

Last updated: July 20, 2026

The median rent in Old Town is $1,801/mo as of July 2026. A studio apartment averages $1,030/mo while a 2-bedroom runs $1,410/mo. One-bedroom apartments average $1,100/mo and 3-bedroom units go for $1,810/mo.

At 42% of local median household income ($51,585/yr), Old Town ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Old Town an affordable city for renters?

Old Town is considered stretched for renters. At $1,801/mo, rent takes approximately 42% of the local median household income ($51,585/yr). The standard benchmark is 30%. Old Town significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Old Town?

To keep rent at or below 30% of gross income, you would need to earn at least $72,000/year (~$35/hour full-time) to afford the median rent of $1,801/mo in Old Town. The local median household income is $51,585/yr, meaning the typical Old Town household falls short of that threshold.

Is rent going up or down in Old Town?

Rent in Old Town has been relatively stable over the past year, with a 0.0% change year over year as of July 2026.

How does Old Town rent compare to other cities in Maine?

Old Town is middle-of-the-pack for Maine for rent, ranking #16 out of 25 tracked cities at $1,801/mo.

Which nearby cities are cheaper to rent in than Old Town?

Several nearby cities have lower median rents than Old Town ($1,801/mo): Waterville ($1,295/mo), Augusta ($1,533/mo), Bangor ($1,592/mo).

What percentage of Old Town residents rent vs. own?

According to Census data, approximately 40.7% of Old Town households are renters, while 59.3% are owner-occupied. Old Town leans toward homeownership, which can mean a smaller rental inventory.