True Cost of Renting in Augusta, ME
Augusta is Maine's state capital and one of the smallest state capitals in the United States by population. State government is the dominant employer, providing stable, consistent rental demand at very affordable prices. Central Maine Power provides electricity. The Kennebec River runs through Downtown.
Neighborhoods & Average Rents
Downtown / Western Ave
- Studio:
- $750/mo
- 1 Bed:
- $950/mo
- 2 Bed:
- $1,400/mo
Augusta's city center near the Maine State House and government buildings; older apartment buildings and converted commercial structures. CMP electric. KVCAP bus service. Walk to state government employment. Kennebec River waterfront park.
Cony / Townsend Road
- Studio:
- $700/mo
- 1 Bed:
- $900/mo
- 2 Bed:
- $1,300/mo
Eastern residential neighborhoods; apartment buildings and single-family rentals. Car required. Access to I-95 and Route 3 east toward Bangor.
Gardiner / Hallowell Adjacent
- Studio:
- $700/mo
- 1 Bed:
- $900/mo
- 2 Bed:
- $1,300/mo
Charming adjacent communities; Hallowell is arguably more charming than Augusta proper with a walkable Water Street dining and arts scene. Car required. Short commute to Augusta state government. Even lower rents than Augusta proper.
Utility Providers
- Electric
- Central Maine Power (CMP / Avangrid)
- Water
- Maine Water Company
- Internet
- Spectrum, Consolidated Communications, Waterline Networks
Commute & Transportation
Augusta has no rail transit. KVCAP and MaineCare provide limited bus services. I-95 (Maine Turnpike) connects to Portland (60 miles, 1 hour) and Bangor (60 miles, 1 hour). Route 3 connects east toward Belfast and Bar Harbor. Major employers: Maine state government agencies (the Capitol Complex), MaineGeneral Medical Center, and the Department of Health and Human Services.
Rental Market Overview
Augusta is one of the most affordable state capitals in the United States, period. CMP electric rates are among Maine's most competitive. Heating oil dominates as the heating fuel — January bills of $350–600/month in older buildings are typical. State government employment creates a stable, recession-resistant rental market. Hallowell's walkable Water Street is one of Maine's hidden gems. Renters insurance averages $12–15/month.
Data last updated: 2026-04
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