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Newest Homes for Rent in Monmouth, ME

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  • /4

    $1,500 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    1064-1068 Main St Unit 10, Monmouth, ME 04259

    Property Id: 2338344 Clean and spacious first-floor, 2-bedroom, 1-bathroom apartment available in Monmouth. This unit offers a comfortable, open layout with plenty of natural light. Apartment Features: First-floor unit 2 bedrooms 1 full bathroom Spacious living room Kitchen with refrigerator and stove Coin-operated laundry on site Off-street

    1064-1068 Main St Unit 10, Monmouth, ME 04259
  • /4

    $1,500 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    1064-1068 Main St Unit 12, Monmouth, ME 04259

    Property Id: 2338346 Clean and spacious 2-bedroom, 1-bathroom apartment available in Monmouth. This unit offers a comfortable, open layout with plenty of natural light. Apartment Features: Second-floor unit 2 bedrooms 1 full bathroom Spacious living room Kitchen with refrigerator and stove Coin-operated laundry on site Off-street parking Plenty of

    1064-1068 Main St Unit 12, Monmouth, ME 04259

Frequently Asked Questions

How much does it cost to rent a home in Monmouth, ME?
The median rent for a home in Monmouth, ME is $1,500 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option.
How much do you need to make to afford rent in Monmouth, ME?
To comfortably afford the median rent in Monmouth, ME, a household needs to earn roughly $60,000 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 $1,500 per month in Monmouth, ME, renters typically need to show $4,500 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 Monmouth, ME?
In Monmouth, ME, the price-to-rent ratio is 21.4, 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

Number of Homes for Rent
2
Median Rent
$1,500
Median Condo Rent
$1,500
How to Rent a Home