ZIP Code · ME

ZIP 04240

Part of Lewiston, ME

Pop. 38,324·Androscoggin County·21st most expensive ZIP in Maine

Median rent (all units)

$1,518/mo

Year-over-Year

+2.7%

Month-over-Month

+0.2%

vs US Median

-$414

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 04240 · $1,518

More affordable than 72% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

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: October 17, 2026

From the history

What the numbers show

Past year vs. the rest of Maine

Rent in ZIP 04240 changed +2.7% over the year to September 2026. Across the 16 Maine ZIP codes Zillow tracks, the typical change was +3.1%.

Recent direction

Rent rose in 6 of the last 12 months.

What a typical income covers

30% of the median household income ($55,393) is $1,385 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,210); a 2-bedroom is $1,570.

From Zillow's monthly rent index (ZORI) for ZIP 04240. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$18,216/yr

At $1,518/mo median

Location

CityLewiston

StateME

CountyAndroscoggin County

Rent Market Meter

Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are climbing (2.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.

Based on rent-price momentum (+2.7% YoY, +0.2% MoM), not inventory.

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

Discussions about ZIP 04240

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Local insights

Tips for renters in ZIP 04240

About renting in ZIP 04240

Last updated: October 17, 2026

ZIP code 04240 covers Lewiston, ME. The median rent here is $1,518/mo as of October 2026. A 1-bedroom rents for a median of $1,210/mo. A 2-bedroom rents for a median of $1,570/mo.

At 33% of local median household income ($55,393/yr), ZIP 04240 ranks as moderate compared to the national benchmark of 30%. Rents have increased 2.7% over the past year.

FAQ

Frequently asked questions

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 $61,000/year (about $29/hour full-time) to afford the median rent of $1,518/mo in ZIP 04240. The local median household income is $55,393/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 04240?

Rent in ZIP 04240 has risen 2.7% over the past year.

How does ZIP 04240 compare to other ZIPs in Maine?

ZIP 04240 is one of the more affordable among Maine ZIP codes for rent, ranking #21 of 22 at $1,518/mo. Over the year to September 2026, rent in ZIP 04240 changed +2.7%, against a typical +3.1% across the 16 Maine ZIP codes Zillow tracks.