Maine City Ranked #5 Best in the US for Renters

Roughly 45 million American households have opted to rent rather than buy their homes due to convenience, cost, or availability. But renting isn’t always the cheaper or better alternative to owning a property, especially when families or individuals are working hard to start building their own equity.

In the tough times of finding housing, Lewiston, Maine, just snagged the #5 spot on WalletHub's list of best places to rent in the entire country. So what's making Lewiston such a rental rockstar?

WalletHub analyzed over 180 rental markets using 21 key measures of rental appeal and quality of life. They looked at everything from the gap between rental rates and mortgage payments to rental affordability, cost of living, and job availability. Lewiston emerged as a top contender, and here’s why.

First off (and probably most important) is affordability. In the best cities for renters, rent can take up as little as 15% of your income, and Lewiston is no exception. Plus, the city has renter-friendly regulations, like capping deposits at one or two months’ rent. Obviously, that means that more cash stays in the wallets of renters.

Lewiston balances small-town charm with big-city perks. You'll find the cozy coffee shops, lively breweries, and an arts scene that’s far from boring. Bates College also calls Lewiston home, which is great news for students who want to live off campus.

For outdoor enthusiasts, Lewiston has the Androscoggin River, which is perfect for kayaking, fishing, or scenic strolls. Biking trails are top-notch, and for winter sports fans, ski slopes such as Lost Valley, Mt. Abram, and Sunday River are just a short drive away.

Can't find an affordable place to live in Maine? Lewiston might be your next spot.