Cheap Homes for Rent in Penobscot County, ME from $350 (26 Rentals)

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Search the lowest-cost Homes available for rent right now in Penobscot County.

property at 254 Notch Rd
$800

Total Monthly Price

Base Rent$800

Total Monthly Price$800
1 Bedroom, 1 Bath Home for Rent
Available Now

254 Notch Rd

CorinthME04427

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property at 24 Merrimac St
$985

Total Monthly Price

Base Rent$985

Total Monthly Price$985
1 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

24 Merrimac St

BangorME04401

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Cheapest Available Penobscot County Homes for Rent

 

The cheapest available rental home in Penobscot County, ME is a 1 Bed home found at 147 Main Rd priced from $1,050. 8 Hall Dr has the second lowest priced home, which is a 2 Beds rental home currently listed from $1,050. Here is today’s list of the most affordable Penobscot County homes for rent:

Home ListingModel NameBed/BathPriced From
147 Main Rd147 Main Rd1BR, 1BA$1,050
8 Hall Dr8 Hall Dr2BR, 1BA$1,050
37 Pheasant Hill Mobile Home Park37 Pheasant Hill Mobile Home Park2BR, 1BA$1,100
7 Hall Dr7 Hall Dr3BR, 1BA$1,150

Best Value Homes for Rent in Penobscot County, ME

As of September 19, 2026 the best value rental home in the Penobscot County area is the $1.39 price per square foot 5 Horseshoe Ln Model at 5 Horseshoe Ln starting from $3,000. The second greatest value Penobscot County rental home is the 24 Merrimac St Model at 24 Merrimac St in the Downtown Bangor neighborhood starting at $985 with a $0.55 price per square foot. Here is today’s list of the best values for Penobscot County homes based on price per square foot:

Home ListingModel NameBed/BathPrice Per Sq.Ft.
5 Horseshoe Ln5 Horseshoe Ln3BR, 2BA$1.39
24 Merrimac St24 Merrimac St1BR, 1BA$0.55
1110 Ohio St1110 Ohio St2BR, 1.5BA$1.23
75 Grove Street75 Grove Street3BR, 1BA$1.59
58 Elm St58 Elm St3BR, 1BA$1.29
71 Sweet Fern Dr71 Sweet Fern Dr3BR, 2BA$1.17
70 Sweet Fern Dr70 Sweet Fern Dr3BR, 2BA$1.17
54 Pheasant Hill Mobile Home Park54 Pheasant Hill Mobile Home Park3BR, 2BA$1.30
14 Pheasant Hill Mobile Home Park14 Pheasant Hill Mobile Home Park3BR, 1BA$1.32
37 Pheasant Hill Mobile Home Park37 Pheasant Hill Mobile Home Park2BR, 1BA$1.31

Frequently Asked Questions about Penobscot County

What type of rentals are currently available in Penobscot County?

There are currently 199 Apartments for Rent in Penobscot County, ME with pricing that ranges from $250 to $3,000. There are also 125 Single Family Homes for rent, Condos, and Townhome rentals currently available in Penobscot County ranging from $350 to $5,500.

What is the current price range for Rental Homes in Penobscot County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Penobscot County ranges from $350 to $5,500 with an average monthly rent of $1,807.

How much are larger Three and Four Bedroom Rentals in Penobscot County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Penobscot County range from $1,500 to $1,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $3,100. Four Bedroom Single-Family rentals are also available starting from $1,775 and Four Bedroom Apartments start at $759.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

Written by: Robin Stewart

Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.