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City Report · ME

Presque Isle

Pop. 8,736·23rd most expensive in Maine·One of the most affordable rental markets in the US
Median rent (all units)
$1,025/mo
Year-over-Year
Stable
Month-over-Month
-10.9%
vs US Median
-$937
Falling (Monthly)
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Most AffordableMost Expensive
Presque Isle · $1,025
More affordable than 97% of US cities · National median $1,962/mo
Affordability
22% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,025/mo, rent takes about 22% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$41,000/yr
Local median income
$55,768/yr
Based on the 30%-of-income rule using Presque Isle's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$780
1 BR
$850
2 BR
$1,060
3 BR
$1,450
4 BR+
$1,510
Fair Market Rent (HUD)
$1,060/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,025 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$12,300/yr
At $1,025/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 0.0% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (+0.0% YoY, -10.9% MoM), not inventory.
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Demographics

Who lives here

Presque Isle, ME is majority owner-occupied, has a large retiree population, has a median income below the national average, 26.2% of residents hold a bachelor's degree or higher.

Population
8,736
Median income
$55,768
Median age
44.1
Renters
42.2%
Age distribution
18%
23.5%
22.1%
13.8%
22.6%
Under 1818%
18–3423.5%
35–5422.1%
55–6413.8%
65+22.6%
Gender
47.9%
52.1%
Male47.9%
Female52.1%
Race & ethnicity
90.6%
White90.6%
Black1.7%
Hispanic1.4%
Asian0.8%
Other5.5%
Education (25+)
35.3%
31.7%
26.2%
No HS diploma6.9%
HS diploma35.3%
Some college31.7%
Bachelor's+26.2%
Housing tenure
57.8%
42.2%
Owner57.8%
Renter42.2%

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

2021 vs 2026

How Presque Isle, ME has changed in 5 years

Income
$47,853 → $55,768
up 16.5%
Population
8,859 → 8,736
down 1.4%
Renter share
43.4% → 42.2%
-1.2 pts
Bachelor's+
25.6% → 26.2%
+0.6 pts
Median age
43 → 44.1
+1.1 yrs

Household income in the area moved from $47,853 to $55,768 across the same window, up 16.5% versus 2021. The population has contracted by 1.4% since 2021, moving from about 8,859 residents to roughly 8,736.

Community

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View Presque Isle rent history (2015–2026) →
Salary vs rent

Can you afford rent in Presque Isle on your salary?

At $1,025/mo, how Presque Isle rent compares to typical pay (30% rule).

By apartment size

Presque Isle rent by bedroom count

Median rent for each apartment size in Presque Isle. Click any size for full breakdown.

Local insights

Tips for renters in Presque Isle

About renting in Presque Isle, ME

Last updated: August 17, 2026

The median rent in Presque Isle is $1,025/mo as of August 2026. A studio apartment averages $780/mo while a 2-bedroom runs $1,060/mo. One-bedroom apartments average $850/mo and 3-bedroom units go for $1,450/mo.

At 22% of local median household income ($55,768/yr), Presque Isle ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Presque Isle an affordable city for renters?

Presque Isle is considered very affordable for renters. At $1,025/mo, rent takes approximately 22% of the local median household income ($55,768/yr). The standard benchmark is 30%. Presque Isle falls comfortably within that range.

How much income do you need to rent in Presque Isle?

To keep rent at or below 30% of gross income, you would need to earn at least $41,000/year (~$20/hour full-time) to afford the median rent of $1,025/mo in Presque Isle. The local median household income is $55,768/yr, meaning the typical Presque Isle household meets that threshold.

Is rent going up or down in Presque Isle?

Rent in Presque Isle has been relatively stable over the past year, with a 0.0% change year over year as of August 2026.

How does Presque Isle rent compare to other cities in Maine?

Presque Isle is one of the more affordable cities in Maine for rent, ranking #23 out of 23 tracked cities at $1,025/mo.

What percentage of Presque Isle residents rent vs. own?

According to Census data, approximately 42.2% of Presque Isle households are renters, while 57.8% are owner-occupied. Presque Isle leans toward homeownership, which can mean a smaller rental inventory.

How does Presque Isle rent compare to the national average?

Presque Isle's median rent of $1,025/mo is $937 (48%) below the US national median of $1,962/mo. Within Maine, it ranks #23 out of 23 tracked cities.
Income Affordability
22%
VERY AFFORDABLE

At $1,025/mo, rent takes ~22% of Presque Isle's median household income ($55,768/yr). The standard benchmark is 30%.

Presque Isle 22%Benchmark 30%
State income tax5.8–7.15%
Run the Presque Isle affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Presque Isle, ME

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