Newest Homes for Rent in Hallowell, ME

/4
$1,200

Total Monthly Price
- 1 Bed
- 1 Bath
- Condo for Rent
192 Water St, Hallowell, ME 04347

Freshly painted, new shower, new flooring fully furnished studio apartment. Heat, hot water and electricity included. Great views of the Kennebec! Downtown living, short walk to restaurants, coffee shop or bakeries.

192 Water St, Hallowell, ME 04347
Explore Hallowell
/4
$1,200

Total Monthly Price
- 1 Bed
- 1 Bath
- Condo for Rent
192 Water St, Hallowell, ME 04347

Freshly painted, new shower, new flooring fully furnished studio apartment. Heat, hot water and electricity included. Great views of the Kennebec! Downtown living, short walk to restaurants, coffee shop or bakeries.

192 Water St, Hallowell, ME 04347
/27
$720

Total Monthly Price
- 5 Beds
- 2 Baths
- 100 Sq Ft
- House for Rent
7 Warren St Unit Lawn Room, Hallowell, ME 04347

Please send us an email if you are interested in our rooms - please don't phone us - we can fix up a good time to chat from the email, thanks!

7 Warren St Unit Lawn Room, Hallowell, ME 04347
/27
$720

Total Monthly Price
- 5 Beds
- 2 Baths
- 100 Sq Ft
- House for Rent
7 Warren St Unit Lawn Room, Hallowell, ME 04347

Please send us an email if you are interested in our rooms - please don't phone us - we can fix up a good time to chat from the email, thanks!

7 Warren St Unit Lawn Room, Hallowell, ME 04347

Maine Kennebec County

Frequently Asked Questions

How much does it cost to rent a home in Hallowell, ME?

The median rent for a home in Hallowell, ME is $1,200 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 Hallowell, ME?

To comfortably afford the median rent in Hallowell, ME, a household needs to earn roughly $48,000 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 $1,200 per month in Hallowell, ME, renters typically need to show $3,600 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 Hallowell, ME?

In Hallowell, ME, the price-to-rent ratio is 33.0, 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.

Rental Trends in Hallowell, ME

There are currently 4 homes available for rent in Hallowell, ME. The median rent is $1,200 per month, with condos at $1,200.

Rental Home Trends

Number of Homes for Rent 4	Median Rent $1,200
Median Condo Rent $1,200

How to Rent a Home

Rentals in Hallowell

Homes for Rent by Bedrooms in Hallowell

1 Bedroom Homes for Rent in Hallowell

Rentals by Price in Hallowell

More About Living in Hallowell

Homes for Rent in Nearby Cities

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