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Studio Apartment for Rent in Augusta, ME

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    $900 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    63 Patterson St Unit 5, Augusta, ME 04330

    63 Patterson Road – Unit 5 | Augusta, Maine6-Room Rooming House – Private Bedroom & Full Bath$900/Month – All Utilities IncludedNow available in Augusta! This spacious, fully remodeled private bedroom is located in a well-maintained 6-room rooming house at 63 Patterson Road, Unit 5. The unit offers comfortable living with modern updates throughout.Features

    63 Patterson St Unit 5, Augusta, ME 04330

Why Live in Augusta

Augusta, Maine, the state’s capital, is a small city with a population of just under 20,000, divided by the Kennebec River. Known for its historical significance and progressive community efforts, Augusta has seen recent investments in a new hospital, museum renovations, and theater restorations. The city’s economy is driven by government jobs, healthcare, energy, manufacturing, and distribution. Housing options range from historic Colonial Revival homes to midcentury ranch-style houses and newly built townhouses. Augusta Public Schools serve about 2,200 students, and the University of Maine has a campus here. Recreational activities are abundant, with the Kennebec River offering hiking, fishing, and boating opportunities. Capitol Park, Viles Arboretum, and the Capital Area Sports Complex provide additional outdoor spaces. Downtown Augusta, along Water Street, features historic brick storefronts, waterside pubs, and eateries, hosting annual celebrations and housing landmarks like the Augusta Colonial Theater and the Maine State Museum. Shopping options include local shops, cafes, and big-box stores at the Market Place at Augusta. Interstate 95 and U.S. Route 1 provide easy access to nearby cities, with Portland 60 miles south and Bangor 75 miles northeast. Augusta State Airport offers flights to Boston, and the nearest international airport is in Portland. The city experiences four distinct seasons, with harsh winters and occasional flooding around the Kennebec River.

Frequently Asked Questions

How much does it cost to rent a home in Augusta, ME?
The median rent for a home in Augusta, ME is $1,900 per month, though prices vary by neighborhood, size, and property type. As of May 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
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 $76,000 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 $1,900 per month in Augusta, ME, renters typically need to show $5,700 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 12.3, 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.

Rental Home Trends in Augusta, ME

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$1,900
Median Single Family Home Rent
$2,300
Median Condo Rent
$1,850
How to Rent a Home