$1,500 Per Month
- Studio
- 1 Bath
- Condo for Rent
63 Patterson St Unit 1, Augusta, ME 04330
Frequently Asked Questions
How much does it cost to rent a condo in Augusta, ME?
The median rent for a condo in Augusta, ME is $1,482 per month, though prices vary by neighborhood, size, and property type. As of August 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Augusta, ME?
To comfortably afford the median rent in Augusta, ME, a household needs to earn roughly $59,280 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $1,482 per month in Augusta, ME, renters typically need to show $4,446 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Augusta, ME?
In Augusta, ME, the price-to-rent ratio is 16.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
