Rent to own Homes in Lewiston, ME
The second largest city in Maine and a former industrial behemoth, Lewiston is directly across the Androscoggin River from Auburn. The two towns are often considered as one, their names abbreviated to L-A . Lewiston also has some of the best neighborhood events in the nation. Watch massive balloons launching from the riverfront at the annual August Great Falls Balloon Festival or check out the Liberty Festival, which is a July 4th tradition of fireworks over the Androscoggin River.
Lewiston, ME is a great place for affordable rent-to-own homes! With a median household income of over $42,969 and a median rent of $748, the Lewiston, ME rent-to-own market is more affordable than the traditional housing market which has shown tremendous growth across the U.S. and with it, aggressive competition for home purchases. With the current housing shortage trend it can make it harder to become a homeowner, including in Lewiston, ME. This means higher than average down payments for homes and higher qualification standards for conventional home loans. With a rent-to-own property, tenants are also buyers. You can live in the house for a set amount of time before you purchase it, meaning that you get to know the house, your neighbors, and your community before making the final purchase. This enables you and your family to make the right choice based on both information and experience. Rent-to-own is also a great alternative way to get into a home if you have bad credit or don't have enough saved for a down payment.
More Lewiston, ME Property Resources
Rent to own Homes in Cities Near Lewiston, ME
- Alna
- Bailey Island
- Bath
- Boothbay
- Boothbay Harbor
- Bowdoin
- Bowdoinham
- Bremen
- Bristol
- Brunswick
- Brunswick Station
- Chamberlain
- Cushing
- Damariscotta
- Dresden
- East Boothbay
- Edgecomb
- Friendship
- Gardiner
- Georgetown
- Harpswell
- Jefferson
- Newcastle
- New Harbor
- Nobleboro
- Orrs Island
- Pemaquid
- Phippsburg
- Richmond
- Round Pond
- South Bristol
- Southport
- Tenants Harbor
- Topsham
- Trevett
- Waldoboro
- Walpole
- Whitefield
- Wiscasset
- Woolwich
Neighborhoods in Lewiston, ME
Downtown rent to own homes Pond Road rent to own homes Webster Street rent to own homes Bleachery Hill rent to own homes Little Canada rent to own homes Franklin Pasture rent to own homes Riverfront rent to own homes Western Gateway rent to own homes Main Street Frye Street Historic District rent to own homes Geiger School rent to own homesPopular Zip Codes in Lewiston, ME
04240 rent to own homesBuying a Home in Lewiston, ME
Lewiston, ME is seeing rapid growth and Lewiston, ME's' housing market remains optimal with an average home price that is -31% below the 2024 national average. Lewiston, ME is part of Androscoggin county and taxes are an important factor to consider when purchasing a home whether through rent to own or a traditional purchase. The average tax rate as of 2024 for county Androscoggin is 1.4% which is above the national average, which is 0.99%.
Median Home Price in Lewiston, ME
Median Rent in Lewiston, ME
Top 5 Reasons to Live in Lewiston, ME
Museum L-A! When was the last time you explored a museum located in an old textile mill that celebrated the rich history and heritage of your community? Museum L-A honors the people of Lewiston and Auburn and the production industries such as textile, brick, and shoe making that once thrived here. This is a community resource to cherish in the old Camden Mill.
A strong sports scene! At the Androscoggin Bank Colisee, you'll find the only American hockey team that plays in the Quebec Major Junior Hockey League -- the Lewiston Maineiacs. Several Maineiacs have become stars of the National Hockey League. Lewiston also hosts the premier cycling and running event known as the annual Dempsey Challenge, benefiting cancer research at the Central Maine Medical Center.
Amazingly affordable housing! With rents in the center of town 94% lower than elsewhere in Maine, Lewiston offers many great rent to own bargains. Whether you plan to enjoy a view of the Androscoggin River and Fox Island or you want a spot near the Thorncrag Bird Sanctuary, the largest bird sanctuary in all of New England, there's a neighborhood for you.
Scenic neighborhoods and housing variety! Rental homes come in all shapes and sizes in this community, and some date back prior to 1939. While Lewiston offers a bevy of urban amenities from dining to shops, it may be the scenery that's most attractive about each neighborhood here. From No Name Pond to Gulf Island Pond, or Androscoggin Riverlands State Park, nature's beauty is everywhere.
Thriving theater! The Public Theater puts on six to eight plays year-round, with internationally known talent at the helm of the productions. Captive Elements Art House displays the work of many local artists, and also hosts readings and musical performances. For performances of a different kind, watch the moves at the Lewiston Skate Park, which is one of the largest skate parks anywhere north of Boston, or enjoy great indie cinema at the Emerge Film Festival, which first came on the scene in 2014.