The Exchange Building
27 State St,
Bangor, ME 04401
$2,150 - $2,600
1-2 Beds
Downtown Bangor
Bangor, ME
Downtown Bangor - Bangor, ME
Area Guide
Welcome to the way life should be
Walkable
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River
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College
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University
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Museums
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Art
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Culture
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Historic
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Downtown Bangor has that old-world, New England charm you'll love. Elegant, historic buildings sit along cobblestone sidewalks, filled with shops and restaurants. All of this, set in the beautiful Maine landscape along the Penobscot River. Downtown Bangor is close to several colleges and universities, including the University of Maine at Augusta, Husson University, and Eastern Maine Community College. Downtown Bangor is home to the Maine Discovery Museum, the University of Maine Museum of Art, and the Bangor Waterfront, a large greenspace along the river with walking trails, picnic areas, concert space, and more.
Maine's motto, "the way life should be," is reflected in Downtown Bangor's atmosphere. In addition to a beautiful neighborhood with sidewalk cafes, art galleries, and cozy bistros, residents have fast access to mountains for skiing and to the river and canals for boating and fishing. Nearby trails provide hiking, mountain biking, and other outdoor adventures. The Bangor State Fairgrounds and the Bangor Raceway, both located in Bass Park, provide other adventures.
Rent Trends
As of January 2026, the average apartment rent in Downtown Bangor is $730 for a studio, $1,429 for one bedroom, $1,434 for two bedrooms, and $2,760 for three bedrooms. Apartment rent in Downtown Bangor has decreased by -2.5% in the past year.
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Studio
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0 sq ft
Average Sq Ft
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$730/month
Average Rent
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1 BR
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555 sq ft
Average Sq Ft
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$1,429/month
Average Rent
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2 BR
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926 sq ft
Average Sq Ft
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$1,434/month
Average Rent
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3 BR
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0 sq ft
Average Sq Ft
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$2,760/month
Average Rent
Transportation
83
Very Walkable
out of 100 WalkScore® Rating
If you enjoy walking, you’ll enjoy renting in this area! It’s a very walkable neighborhood.
45
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Points of Interest
Shopping Centers
Parks and Recreation
- Maine Discovery Museum
- Allagash State Wilderness Waterway
- Challenger Learning Center of Maine
- West Penjajawoc Grasslands
- Fields Pond Audubon Center
Airports
- Bangor International
Colleges
Top Apartments in Downtown Bangor
Houses for Rent in Downtown Bangor
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.