Average Rent in Hallowell, ME and Rent Price Trends

Rent trends in Hallowell, ME

Average rent prices in Hallowell have decreased by 5% over the last month and have decreased by 30% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in
Hallowell, ME

Rent prices in Hallowell vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Hallowell is $1,350, whereas a house costs $2,350. 1-bedroom apartments in Hallowell run $1,325 on average, while 2-bedroom apartments are $1,600.


Studio	$950	3%	-
1 bedroom	$1,495	4%	12%
2 bedroom	$1,600	3%	-
3 bedroom	$1,875	9%	-
4 bedroom	$2,150	No Change	26%


Apartments	$1,350	2%	No Change
Condos	$1,825	18%	-
Houses	$2,350	No Change	No Change
Rooms	$700	No Change	-

Studio

Average rent

$950

Last 30 days

1 bedroom

Average rent

$1,495

Last 30 days

Last year

12%

2 bedroom

Average rent

$1,600

Last 30 days

3 bedroom

Average rent

$1,875

Last 30 days

4 bedroom

Average rent

$2,150

Last year

26%

The table above reflects average rent prices in Hallowell, ME, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Hallowell, ME compare to other cities?

Compare median rent prices in Hallowell and Bangor by all bedroom counts and property types.

Hallowell

Median rent price$1,200

38%

lower than the national median

Median rent price$1,550

21%

lower than the national median

Takeaway

The median rent for all rentals in Hallowell, ME is 23% lower than the median rent in Bangor, ME.

Average rent in nearby cities

Explore rent trends in neighboring markets

$1,550

$1,550

$1,750

$1,579

$1,900

$1,600

$1,550

$1,700

$1,350

$1,400

$1,550

$1,700

Discover rentals in Hallowell, ME

14h ago

8.4

Very good

61 Water

61 Water St, Hallowell, ME 04347

Studio

1 bath

$1,250

Apartment for rent

5d+ ago

Apartment for rent in Hallowell

1 bed

1 bath

$1,625

Apartment for rent

Available May 1

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Frequently asked questions for Hallowell, ME

Quick answers to common questions about the Hallowell rental market.

How much is rent in Hallowell?

The average rent in Hallowell is $1,200 per month as of June 20, 2026.

Is rent up or down in Hallowell?

Average rent prices in Hallowell have decreased by 5% over the last month and have decreased by 30% since last year.

How does Hallowell rent compare to the national average?

Rent in Hallowell is 38% below the national average, which means renters are paying approximately $750 less per month.

What salary do I need to afford rent in Hallowell?

To comfortably afford rent in Hallowell, you'd need to earn approximately $48,000/year, based on spending no more than 30% of your income on rent.

When is the best time of year to rent in Hallowell?

Hallowell offers good options for renters with pets, as 60% of listings welcome animal companions. With an average of 5 listings available monthly, pet owners can expect to find approximately 3 pet-friendly apartments to choose from at any given time.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).