• All Homes for Sale in Augusta
    • Condos for Sale in Augusta
    • Home Value Estimator
    • Apartments for Rent in Augusta
    • Houses for Rent in Augusta
    • Augusta Commercial Real Estate
    • Augusta Office Space
    • Augusta Retail Space
    • Augusta Industrial Space
    • Augusta Coworking
    • Augusta Demographics
    • Augusta Average Rent
    • News & Insights
    • I need an agent in Augusta
    • I am an agent in Augusta

Augusta, Maine Rental Market Trends

Disclaimer:

Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Augusta, Maine rental market.

Augusta, Maine

Average Apartment Rent in April 2023

$1,112

Y-o-Y Change in Average
Apartment Rent

18.4%

Compared to a year ago, Augusta, Maine apartments have recorded a 18.4% rent increase.

Augusta, Maine |Average apartment rent trend

Median Rent Apr 2020 Aug 2020 Dec 2020 Apr 2021 Aug 2021 Dec 2021 Apr 2022 Aug 2022 Dec 2022 Apr 2023
Augusta $733 $768 $761 $748 $806 $847 $939 $1,000 $1,147 $1,112
National $1,405 $1,395 $1,399 $1,407 $1,490 $1,585 $1,624 $1,698 $1,715 $1,702
Augusta
National
Apr 2020
$733
$1,405
Aug 2020
$768
$1,395
Dec 2020
$761
$1,399
Apr 2021
$748
$1,407
Aug 2021
$806
$1,490
Dec 2021
$847
$1,585
Apr 2022
$939
$1,624
Aug 2022
$1,000
$1,698
Dec 2022
$1,147
$1,715
Apr 2023
$1,112
$1,702
View as table View as graph
Access comprehensive real estate data and information on Yardi ® Matrix

Augusta, Maine| Average apartment rent

Augusta, Maine | Apartment rent ranges

Under $500
$500 - $700
$700 - $1000
$1,000 - $1,500
$1,500 - $2,000
Over $2,000

At 75%, apartments priced $1,000 - $1,500 represent the bulk of Augusta, Maine rentals, while condos priced $700 - $1000 hold the lowest share of the market – 25%.

Augusta, Maine | Housing tenure**

Renter occupied housing units
4,485
Owner occupied housing units
4,782

Renters take up 48% of Augusta, Maine real estate, occupying a total of 4,485 units, while homeowners live in 4,782 properties.

Median number of rooms of renter-occupied housing units**

3.9

Renter median household income**

$25,832

Average household size of renter-occupied housing units**

1.66

Rental vacancy rate**

4.9%

Augusta, Maine | Renter-occupied housing units by no. of bedrooms**

No bedrooms 308
1 bed 1,728
2 beds 1,580
3 beds 707
4 beds 140

There are 1,728 rentals in Augusta, Maine with 1 bed making up the highest share of the market, at 39%. Units with 4 beds, on the other hand, hold the lowest percentage (3%), amounting to 140 units. Overall, the median number of rooms in Augusta, Maine homes for rent is 3.9.

Augusta, Maine |Renter-occupied units by age of householder**

15 - 24 years 364
25 - 34 years 866
35 - 44 years 487
45 - 54 years 860
55 - 59 years 381
60 - 64 years 352
65 - 74 years 465
75 - 84 years 577
85 years and over 133

Most condos for rent in Augusta, Maine are occupied by residents in the 45 - 54 years age group (19%), followed by those in the 25 - 34 years age group (19%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.

Augusta, Maine | Renter-occupied housing units by family type**

Family households
1,477
Non-Family housesholds
3,008

Augusta, Maine | Renter-occupied housing units by the presence of own children**

With related children of the householder under 18
909
No related children of the householder under 18
3,576

A total of 1,477 apartments for rent in Augusta, Maine, or 33% of all rentals are family households. Additionally, 20% of rental homes include children under the age of 18 – that’s 909 units. All in all, the median size of a renter-occupied household in Augusta, Maine is 1.66.

Augusta, Maine | Renter-occupied housing units by educational attainment**

Less than high school graduate 488
High school graduate (including equivalency) 1,788
Some college or associate's degree 1,419
Bachelor's degree or higher 790

In terms of education, renters holding bachelor degrees or higher make up 18% of the rental market. In contrast, residents with less than a high school degree reside in 11% of the homes for rent in Augusta, Maine.

Augusta, Maine | Renter-occupied units by year structure built**

Built 2010 - 2013 36
Built 2000 - 2009 202
Built 1990 - 1999 183
Built 1980 - 1989 947
Built 1970 - 1979 916
Built 1960 - 1969 222
Built 1950 - 1959 418
Built 1940 - 1949 323
Built 1939 or earlier 1,227

The highest share of Augusta, Maine apartment rentals, namely 27% or 1,227 units, were Built 1939 or earlier, followed by those Built 1980 - 1989 (21%, 947 units), and the ones Built 1970 - 1979 (20%, 916 units).

Augusta, Maine | Renter-occupied units by year householder moved in**

Moved in 2017 or later 244
Moved in 2015 to 2016 1,846
Moved in 2010 to 2014 1,270
Moved in 2000 to 2009 695
Moved in 1990 to 1999 320
Moved in 1989 or earlier 110

Median year renter moved into unit2014

Most Augusta, Maine renters (41%) moved in 2015 to 2016, while only 2% of them moved in 1989 or earlier. Overall, the median year renters have occupied their Augusta, Maine condos for rent is 2014.

Augusta, Maine | Renter-occupied housing units by vehicles available**

No vehicle available 1,335
1 vehicle available 2,195
2 vehicles available 893
3 or more vehicles available 62

When it comes to transportation options, 49% of Augusta, Maine renters have 1 vehicle available per household, 30% of them have No vehicle available, and 20% have 2 vehicles available.

Augusta, Maine | Means of transportation to work of householders living in renter-occupied housing units**

Car, truck, or van - drove alone 2,259
Car, truck, or van - carpooled 703
Walked 330
Worked at home 116

Augusta, Maine |Geographical mobility in the past year for householders living in renter-occupied housing units**

Same house as 1 year ago 5,702
Moved within same county 1,245
Moved from different county within same state 235
Moved from different state 184

Augusta, Maine | Average apartment rent by zip codes


The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Augusta, Maine apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

*Average single-family rent calculated from point2homes.com data.

**Data sourced from U.S. Census Bureau; American Community Survey, 2020 American Community Survey 5-Year Estimates

Check out rentals available in Augusta, Maine

Apartmentsfor Rent

Housesfor Rent

RentalsNear Me

Choose language: English Español ?
    • United States
    • Canada
    • Other Country

Keep Connected

  • About Us
  • Contact
  • Facebook
  • Twitter
  • Point2 Blog

Join Point2

Stay organized, save time, get notified.

Sign Up for FREE

Help and Support

  • Home Value Estimator
  • Find a REALTOR®
  • Help Pages | FAQ
  • Privacy Policy
  • Your CA Privacy Rights

Advertise on Point2!

More exposure and leads for agents and brokers.

Find out more

Revision 695

Copyright © 1996-2023, Point2