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Caribou, ME Home for Rent

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    $900 Per Month

    • 1 Bed
    • 1 Bath
    • 900 Sq Ft
    • Condo for Rent

    7 Collins St Unit 2, Caribou, ME 04736

    2nd Floor 1 bedroom apartment. Walking distance to city center, close to schools and grocery store. This unit has an in unit washer and dryer and has been extensively updated. NO PETSNO SMOKING

    7 Collins St Unit 2, Caribou, ME 04736

Why Live in Caribou

Caribou, located in the northeastern-most region of Maine, is a small city with a population of around 7,500, making it the second largest in Aroostook County. Known for its rural atmosphere and outdoor recreation, Caribou offers year-round activities such as snowmobiling, ATV trails, skiing, hiking, and fishing. The city’s historical significance as the Potato Capital of Maine is celebrated through local festivals and agricultural contributions. Collins Pond Park, Sincock Dog Park, and Teague Park Complex are popular spots for outdoor fun, while the Caribou Wellness & Recreation Center hosts youth sports and fitness activities. Main Street is the hub for dining and shopping, featuring eateries like Frederick’s Southside Restaurant and Buck’s Bar, as well as Northern Maine Brewing Company and Sleeper’s Market. Housing options include affordable cabins, ranch-style houses, and Cape Cods, with properties offering ample space and square footage. Caribou’s school district includes Caribou Community School and Caribou High School, with facilities like the Caribou Performing Arts Center and Caribou Tech Center. The community is car-dependent, with U.S. Route 1 as the main thoroughfare and nearby Presque Isle International Airport providing JetBlue flights. Caribou experiences cold, snowy winters and mild summers, making it a unique spot for those who enjoy a mix of seasonal outdoor activities and small-town charm.

Frequently Asked Questions

How much does it cost to rent a home in Caribou, ME?
The median rent for a home in Caribou, ME is $900 per month, though prices vary by neighborhood, size, and property type. As of June 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Caribou, ME?
To comfortably afford the median rent in Caribou, ME, a household needs to earn roughly $36,000 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 $900 per month in Caribou, ME, renters typically need to show $2,700 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 Caribou, ME?
In Caribou, ME, the price-to-rent ratio is 16.9, 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 Trends in Caribou, ME

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$900
Median Condo Rent
$900
How to Rent a Home