True Cost of Renting in Bangor, ME
Bangor is Maine's third-largest city and the commercial hub of eastern and northern Maine. Stephen King's hometown. Bangor International Airport is the first US airport for transatlantic flights coming in from Europe (a refueling stop historically, now operational airport). Versant Power (formerly Emera Maine) provides electricity. I-95 connects to Portland in 1.5 hours.
Neighborhoods & Average Rents
Downtown Bangor / West Broadway
- Studio:
- $900/mo
- 1 Bed:
- $1,100/mo
- 2 Bed:
- $1,600/mo
Bangor's revitalized downtown with the Cross Insurance Center (arena), Penobscot Theatre, and a growing restaurant scene. West Broadway is the historic mansion street adjacent to downtown. Versant Power electric. Limited BACTS bus service. Walk to Northern Light Eastern Maine Medical Center.
Eastern Avenue / State Street
- Studio:
- $800/mo
- 1 Bed:
- $1,000/mo
- 2 Bed:
- $1,400/mo
Residential neighborhoods east of Downtown; apartment buildings and converted homes. More affordable than Downtown. Car helpful for most errands. Access to I-395 for regional connections.
Brewer / Hampden Adjacent
- 1 Bed:
- $1,000/mo
- 2 Bed:
- $1,400/mo
Adjacent cities across the Penobscot River; more suburban character. Car required. Lower rents with short commute to Bangor employment. I-395 and Route 1A access.
Utility Providers
- Electric
- Versant Power (formerly Emera Maine)
- Water
- Bangor Water District
- Internet
- Spectrum, Consolidated Communications, Wabanaki Telephone
Commute & Transportation
Bangor has no rail transit — car ownership is required. Concord Coach Lines provides bus service to Portland (1.5 hours) and Boston (4 hours). I-95 (Maine Turnpike) connects to Portland (1.5 hours) and north toward Houlton and the Canadian border. Route 9 (the Airline Road) connects east toward Calais and the Maritime provinces. Major employers: Northern Light Eastern Maine Medical Center, Eastern Maine Community College, University of Maine Orono (20 miles west), and Shaw's Supermarkets (Maine headquarters).
Rental Market Overview
Bangor offers some of New England's lowest rents. Versant Power rates are among the highest in Maine (above Eversource). Heating is a major winter cost — oil and propane heat is dominant, and January heating bills can exceed $400/month in poorly insulated older buildings. Remote work migration has increased demand since 2020, pushing rents up 15–20% from ultra-low baselines. The University of Maine Orono (20 miles west) contributes to rental demand in the region. Renters insurance averages $13–17/month.
Data last updated: 2026-04
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