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1 Day Ago

Highlights

  • Hardwood floors
  • Off-street parking
  • Private entrance
  • Vinyl flooring
  • Non-smoking building
  • Two off-street parking spots

Location

54 Penobscot St #1, Orono, ME 04473, USA

Tour 54 Penobscot St #1

Contact

MREM Leasing

Maine Real Estate Management, LLC

(207) 962-2626

Property Overview

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • Images available
  • Outdoor space

Great for

  • Pet owners

Amenities for 54 Penobscot St #1

Apartment Amenities

CarpetDeck
Gas IncludedHardwood Floor
Water & Sewer Included

Appliances

In-Unit LaundryRefrigerator
Washer and Dryer

Building

Cats OKLaundry Hookups in Unit
Onsite Laundry

Grounds

Off-Street Parking
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Not allowed

Cat Policy

Allowed

Contact for more information on pet policy.

Questions about this property’s policies and fees?

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About 54 Penobscot St #1

HomeApartments in Orono 54 Penobscot St #1, Orono, ME 04473, USA

Riverside Retreat - 2BR/1BA Gem Near University & Downtown Orono! Available Late July! - Private entrance from large deck & beautiful views of the Penobscot River from living room. - Tons of character with French doors, hardwood floors, brick chimney, & built-in nooks. - Apartment makes up entire second floor providing a quiet atmosphere - Off-street parking & Washer/Dryer in unit! Virtual Tour: https youtu be KEvJKjWLDT4 $1,900/month includes Heat, Hot Water, & Water/Sewer. Tenant pays Electric. Non-smoking Building. One Off-Street Parking Spot. 1 cat negotiable with one-time non-refundable pet fee. 12-month lease. First month + equal amount security deposit is due at occupancy. Free Electronic Payment or Cash Card is Required for Monthly Rent Payment. Application Fee does apply. Income Guidelines: Ideal income level of a potential tenant is a minimum of 3 times the amount of rent. MREM will consider all regular and verifiable income, including without limitation any applicable public benefits, in determining whether an applicant meets minimum income guidelines. Contact For Lease Details Garbage included Sewage included Carpet Floor Level: 2nd Floor Unit Hardwood Flooring Laminate Flooring Pet Friendly Private Entrance Range Oven Two Off Street Parking Spots Vinyl Flooring W/D In Unit


Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 54 Penobscot St, Orono, ME 04473, USA compares to other nearby properties.

Positives

Images available
There are at least 10 photos of this address
Outdoor space
One or more rentals here have easy access to the outdoors

Address details

Zip code04473
TypeApartment for rent

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Rent trends in Orono

2-bedroom apartments at 54 Penobscot St #1 cost about 27% more than the average rent price for 2-bedroom apartments in Orono.

Median rents as of Apr 18 2026.
Orono
A table of 2-bedroom apartment rental data trends in Orono
MonthMedian Rent
May 2024$1,666
June 2024$1,640
August 2024$2,000
December 2024$1,370
January 2025$1,370
February 2025$1,373
March 2025$1,373
April 2025$1,376
May 2025$1,404
June 2025$1,706
July 2025$1,700
August 2025$1,483
September 2025$1,330
October 2025$1,330
November 2025$1,382
December 2025$1,400
January 2026$1,400
February 2026$1,400
March 2026$1,400
April 2026$1,431

Affordability calculator

Can I afford to live at 54 Penobscot St #1?

Bedrooms

2 bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$76,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $76,000 annually to afford this 2-bedrooms monthly rent price of $1,900.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 54 Penobscot St, Orono, ME.
1 year ago$1,8002 bed1 bath
2 years ago$1,2751 bed1 bath
2 years ago$9751 bed1 bath

Schools near 54 Penobscot St #1

Asa C. Adams School

6 goodridge dr

orono, ME, 4473

PK, K-5Public
A-

Indian Island School

10 wabanaki way

indian island, ME, 4468

K-8Public
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Internet available near 54 Penobscot St #1

Getting around Orono near 54 Penobscot St #1

Walking

1/10
You’ll need another mode of transportation for getting around. Scooter, anyone?

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

0/10
Heads up, bike lanes and cyclist-friendly streets aren’t common.

Points of interest for 54 Penobscot St #1, Orono

Groceries

0/10
No grocery stores within walking distance

Shopping

0/10
Few or no shops within walking distance

Cafes

0/10
Few or no cafés within walking distance

Restaurants

0/10
Few or no restaurants within walking distance

Primary schools

0/10
No elementary schools within a 30-minute walk

High schools

0/10
No high schools within a 30-minute walk

Nightlife

0/10
Few or no bars within walking distance

Explore the area around 54 Penobscot St #1

Orono Thriftway Food Center
153 Park St
Hannaford
500 Stillwater Ave
BJ's Wholesale Club
110 Longview Dr
Walmart Supercenter
900 Stillwater Ave
Sam's Club
47 Haskell Rd

Other units at this address

54 Penobscot St Orono, ME

Occupied

2

Our team has verified this company

1 Bed

1 Bath

$975

Listed by MREM Leasing
Days on market: 796
Riverside Retreat - 1BR/1BA Gem Near University & Downtown! Discover the perfect blend of convenience and serenity at 54 Penobscot St. This 1-bedroom, 1-bathroom first-floor apartment offers: https youtu be bs8yxsFiTkQ - Private entrance from deck with beautiful views of the Penobscot. - Tall ceilings, open concept with large bedroom and built-in that will make any book worm jealous! - Quiet building with off-street parking and one mile from UMO, shopping, food and more! $975/month includes heat and hot water. Tenant pays electricity. Pets will be considered on a case-by-case basis. 14-month lease. First month + equal amount security deposit is due at occupancy. Free Electronic Payment or Cash Card is Required for Monthly Rent Payment. Income Guidelines: Ideal income level of a potential tenant is a minimum of 3 times the amount of rent. MREM will consider all regular and verifiable income, including without limitation any applicable public benefits, in determining whether an applicant meets minimum income guidelines. Contact For Lease Details Garbage included Sewage included Carpet Hardwood Flooring Laminate Flooring One Off Street Parking Spot Pet Friendly Private Entrance Range Oven Vinyl Flooring

Occupied

3

Our team has verified this company

1 Bed

1 Bath

$1,275

Listed by MREM Leasing
Days on market: 767
Riverside Retreat - 1BR/1BA Gem Near University & Downtown! Discover the perfect blend of convenience and serenity at 54 Penobscot St. This 1-bedroom, 1-bathroom first-floor apartment offers: https youtu be 1TB8t6CM92Y - Private entrance from deck enters into small mudroom and beautifully redone kitchen. - Large rooms throughout that provide ample natural light. Washer/dryer tucked away in kitchen for easy access. - Quiet building with off-street parking and one mile from UMO, shopping, food and more! $1,275/month includes heat and hot water. Tenant pays electricity. Pets will be considered on a case-by-case basis. 12-month lease. First month + equal amount security deposit is due at occupancy. Free Electronic Payment or Cash Card is Required for Monthly Rent Payment. Income Guidelines: Ideal income level of a potential tenant is a minimum of 3 times the amount of rent. MREM will consider all regular and verifiable income, including without limitation any applicable public benefits, in determining whether an applicant meets minimum income guidelines. Garbage included Sewage included Floor Level: 1st Floor Unit Hardwood Flooring Laminate Flooring On Street Parking Private Entrance Range Oven Two Off Street Parking Spots Vinyl Flooring W/D In Unit

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