$1,075 Per Month
- Studio
- 1 Bath
- Condo for Rent
17 Cherry St Unit 17 Cherry St, Millinocket, ME 04462
Property Id: 2307786Nice studio apartment Heat & electric includedCall TWO-ZERO_SEVEN _FIVE_FIVE_FOUR_ZERO_TWO_EIGHT_ZERO
(207) 762-8262
Frequently Asked Questions
How much does it cost to rent a home in Millinocket, ME?
The median rent for a home in Millinocket, ME is $1,225 per month, though prices vary by neighborhood, size, and property type. As of June 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 Millinocket, ME?
To comfortably afford the median rent in Millinocket, ME, a household needs to earn roughly $49,000 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 $1,225 per month in Millinocket, ME, renters typically need to show $3,675 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 Millinocket, ME?
In Millinocket, ME, the price-to-rent ratio is 10.9, 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.
