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ZIP Code · ME

ZIP 04240

Part of Lewiston, ME
Pop. 38,324·Androscoggin County·21st most expensive ZIP in Maine
Median rent (all units)
$1,479/mo
Year-over-Year
Stable
Month-over-Month
+3.0%
vs US Median
-$451
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 04240 · $1,479
More affordable than 74% of US ZIP codes · National median $1,930/mo
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Medians by bedroom

Rent by unit size

Studio
$1,130
1 BR
$1,210
2 BR
$1,570
3 BR
$2,030
4 BR+
$2,280
Research median
$1,570/mo

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

Rent trends

12-month history

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Last updated: May 18, 2026

Annual cost
$17,748/yr
At $1,479/mo median
Location
StateME
CountyAndroscoggin County
Demographics

Who lives here

ZIP 04240 (Lewiston, ME) is roughly split between renters and owners, has a median income below the national average, 22.6% of residents hold a bachelor's degree or higher.

Population
38,324
Median income
$55,393
Median age
37.3
Renters
48.8%
Age distribution
20.6%
26.7%
22.1%
12.2%
18.3%
Under 1820.6%
18–3426.7%
35–5422.1%
55–6412.2%
65+18.3%
Gender
48.6%
51.4%
Male48.6%
Female51.4%
Race & ethnicity
77.9%
13.9%
White77.9%
Black13.9%
Hispanic3.1%
Asian1.7%
Other3.4%
Education (25+)
39.6%
29%
22.6%
No HS diploma8.9%
HS diploma39.6%
Some college29%
Bachelor's+22.6%
Housing tenure
51.2%
48.8%
Owner51.2%
Renter48.8%

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

2021 vs 2026

How ZIP 04240 in Lewiston, ME has changed in 5 years

Income
$48,069 → $55,393
up 15.2%
Population
36,615 → 38,324
up 4.7%
Renter share
50.2% → 48.8%
-1.4 pts
Bachelor's+
21.3% → 22.6%
+1.3 pts
Median age
40.5 → 37.3
-3.2 yrs

Median household income climbed from $48,069 to $55,393 between 2021 and 2024, a 15.2% shift. Census counts show ZIP 04240 in Lewiston, ME adding about 1,709 residents over the five-year window, up 4.7% on net.

Community

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Local insights

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About renting in ZIP 04240

Last updated: May 18, 2026

ZIP code 04240 covers Lewiston, ME. The median rent here is $1,479/mo as of May 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,570/mo.

At 32% of local median household income ($55,393/yr), ZIP 04240 ranks as moderate compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 04240?

As of May 18, 2026, the median monthly rent in ZIP 04240 (Lewiston, ME) is $1,479. This is based on aggregated data from public sources and community submissions.

How does ZIP 04240 rent compare to the US average?

ZIP 04240's median rent of $1,479/mo is $451 (23%) below the US national median of $1,930/mo.

How does ZIP 04240 compare to other ZIPs in Maine?

ZIP 04240 is among the more affordable ZIP codes in Maine, ranking #21 out of 23 ZIPs at $1,479/mo.

How much income do you need to rent in ZIP 04240?

To keep rent at or below 30% of gross income, you would need to earn at least $59,000/year (~$28/hour full-time) to afford the median rent of $1,479/mo in ZIP 04240. The local median household income is $55,393/yr, meaning the typical household falls short of that threshold.

Is rent going up or down in ZIP 04240?

Rent in ZIP 04240 has been relatively stable over the past year, with a 0.0% change year over year as of May 18, 2026.

Is ZIP 04240 an affordable place to rent?

ZIP 04240 is considered moderate for renters. At $1,479/mo, rent takes approximately 32% of the local median household income ($55,393/yr). The standard benchmark is 30%. ZIP 04240 slightly exceeds that threshold, so budgeting carefully matters here.

What percentage of ZIP 04240 residents rent vs. own?

According to Census data, approximately 48.8% of ZIP 04240 households are renters, while 51.2% are owner-occupied. ZIP 04240 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 04240 compare to the rest of Lewiston?

ZIP 04240 sits right at the Lewiston citywide median of $1,479/mo.

When was rent data for ZIP 04240 last updated?

Rent data for ZIP 04240 reflects May 18, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Affordability
32%
MODERATE

At $1,479/mo, rent takes ~32% of ZIP 04240's median household income ($55,393/yr). The standard benchmark is 30%.

ZIP 04240 32%Benchmark 30%
State income tax5.8–7.15%
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Schools nearby

Public schools near ZIP 04240 (Lewiston, ME)

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