Ring Property Management

SOUTHERN MAINE RENTAL MARKET SNAPSHOT – JUNE 2026

The Southern Maine rental market remains healthy, but compared to the last few years we're seeing a more balanced market emerge.

What we're seeing right now:

• Average rent growth is approximately 2–5% year-over-year
• Clean, well-maintained properties continue to attract the most interest
• Pet-friendly rentals remain in strong demand
• Overpriced rentals are taking noticeably longer to rent
• Proper pricing and property condition are becoming increasingly important

The biggest trend?

Condition and pricing matter more than ever.

A well-maintained property with realistic pricing will often rent quickly, while deferred maintenance and aggressive pricing can lead to longer vacancies and fewer qualified applicants.

Looking Ahead: Next 90 Days

Demand should remain strong through the summer months, but we're expecting a more balanced market than we've seen in recent years. Owners who focus on preventative maintenance, property condition, and realistic pricing will likely see the best results.

Average Rent in June

2022: ~$1,750 | 2023: ~$1,900 | 2024: ~$2,000 | 2025: ~$2,050 | 2026: ~$2,100

Average Days on Market in June

2022: ~7 days | 2023: ~9 days | 2024: ~12 days | 2025: ~16 days | 2026: ~21 days

While rents have continued to increase over the past five years, properties are generally taking longer to rent than they did during the peak rental frenzy. Today's market still rewards well-maintained, properly priced rentals, but tenants have more choices and are taking more time to make decisions.

Sources: Public rental market data and leasing activity observed throughout Southern Maine by Ring Property Management.

Coming Soon in Biddeford – 45 Hill St, Unit 102! This updated 3-bed, 2.5-bath townhouse offers 1,400+ sq ft of open-concept living with a modern kitchen, hardwood floors, in-unit washer/dryer, and efficient heating & A/C. Enjoy a primary suite, attached garage, and walkable access to downtown, restaurants, and the S**o River. Available 4/15/2026 $3,000/month—message us for details or to apply!

ringpropertymanagement.com/current-listings/

Great property management is all about the details—and having a team that stays on top of them. Ring Property Management delivers dependable oversight, responsive service, and a smooth experience for both owners and tenants, so everything runs exactly as it should. Get in touch today to get started!
ringpropertymanagement.com/