Rent in Orono, ME
Across Orono's 2 ZIP codes, a 2-bedroom typically rents for about $1,396 a month, with figures from $1,295–$1,496. The highest typical rent is in 04469 ($1,496) and the lowest in 04473 ($1,295). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Penobscot County pay about 1.16% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $992 | $941–$1,042 | 2 |
| 1 bed | $1,080 | $1,015–$1,144 | 2 |
| 2 beds | $1,396 | $1,295–$1,496 | 2 |
| 3 beds | $1,864 | $1,689–$2,039 | 2 |
| 4 beds | $2,096 | $2,096 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Orono ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Orono, ME?
- About $1,396 a month: the median of the typical rents in 2 ZIP codes, which range from $1,295–$1,496. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Orono, ME?
- About $1,080 a month: the median of the typical rents in 2 ZIP codes, which range from $1,015–$1,144. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Orono, ME?
- About $1,864 a month: the median of the typical rents in 2 ZIP codes, which range from $1,689–$2,039. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Orono, ME?
- About $992 a month: the median of the typical rents in 2 ZIP codes, which range from $941–$1,042. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Orono, ME?
- About $2,096 a month: the median of the typical rents in 2 ZIP codes, which range from $2,096. Figures are gross rent (rent plus tenant-paid utilities).
- Which Orono ZIP code has the highest rent?
- For a 2-bedroom, 04469 has the highest typical rent at $1,496 a month, and 04473 the lowest at $1,295.
- What is the property tax rate in Orono, ME?
- Owner-occupied homes in Penobscot County pay a typical 1.16% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Orono rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).