
Cheap Homes for Rent in Penobscot County, ME from $350 (26 Rentals)
Search the lowest-cost Homes available for rent right now in Penobscot County.


115 Franklin St, Unit Suite 3C

36 Essex St

254 Notch Rd

29 Chamberlain St, Unit 2

124 York St, Unit 5
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

24 Merrimac St

380 Hammond St, Unit 4

160 Grove St, Unit D

67 Pine St, Unit Apt #1

147 Main Rd

715 College Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

8 Hall Dr

99 Broadway, Unit 10

74 Sweet Fern Dr

701 Main St, Unit 4

37 Pheasant Hill Mobile Home Park

132 Wilson St, Unit 2C
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

35 Sweet Fern Dr

24 Birch St, Unit 2

44 Pheasant Hill Mobile Home Park

7 Hall Dr

329 Corinth Rd

171 Riverside Dr, Unit 4
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

31 Stillwater Ave, Unit 4

58 Dartmouth St, Unit Apt. 2
Penobscot County, ME Local Guide

How much does it cost to rent a home in Penobscot County?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penobscot County 2 Bedroom Homes for Rent | $1,447 | $1,050 | $2,195 |
| Penobscot County 3 Bedroom Homes for Rent | $1,904 | $1,150 | $3,100 |
| Penobscot County 4 Bedroom Homes for Rent | $2,261 | $1,775 | $2,800 |
| Penobscot County 5 Bedroom Homes for Rent | $5,500 | $5,500 | $5,500 |
Browse Homes for Rent in Penobscot County
Explore Penobscot County
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 147 Main Rd | 147 Main Rd | 1BR, 1BA | $1,050 |
| 8 Hall Dr | 8 Hall Dr | 2BR, 1BA | $1,050 |
| 37 Pheasant Hill Mobile Home Park | 37 Pheasant Hill Mobile Home Park | 2BR, 1BA | $1,100 |
| 7 Hall Dr | 7 Hall Dr | 3BR, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5 Horseshoe Ln | 5 Horseshoe Ln | 3BR, 2BA | $1.39 |
| 24 Merrimac St | 24 Merrimac St | 1BR, 1BA | $0.55 |
| 1110 Ohio St | 1110 Ohio St | 2BR, 1.5BA | $1.23 |
| 75 Grove Street | 75 Grove Street | 3BR, 1BA | $1.59 |
| 58 Elm St | 58 Elm St | 3BR, 1BA | $1.29 |
| 71 Sweet Fern Dr | 71 Sweet Fern Dr | 3BR, 2BA | $1.17 |
| 70 Sweet Fern Dr | 70 Sweet Fern Dr | 3BR, 2BA | $1.17 |
| 54 Pheasant Hill Mobile Home Park | 54 Pheasant Hill Mobile Home Park | 3BR, 2BA | $1.30 |
| 14 Pheasant Hill Mobile Home Park | 14 Pheasant Hill Mobile Home Park | 3BR, 1BA | $1.32 |
| 37 Pheasant Hill Mobile Home Park | 37 Pheasant Hill Mobile Home Park | 2BR, 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

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.

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.