Cheap Apartments for Rent near Bailey Island, ME from $1,174 (34 Rentals)

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Search the lowest-cost Apartments available for rent right now in Bailey Island.

property at 280 State St
$1,630

Total Monthly Price

Base Rent$1,630
Total Monthly Price$1,630
Studio, 1 Bath Condo for Rent
Available Now
Furnished

280 State St, Unit 2

280 State St
PortlandME04101
  • Smoke Free

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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11 Shepley St
Rent Specials
$1,850 - $2,500

Total Monthly Price

Base Rent$1,850 - $2,500
Total Monthly Price$1,850 - $2,500
1 Bedroom Apartments Available Now

11 Shepley St

11 Shepley StPortland, ME 04101
Furnished
  • Verified
  • Utilities Included
  • 3D Tour

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Bellamy
1 to 3 Bedroom Apartments

The Bellamy

240 Harvard StPortland, ME 04103

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Bayview Court
Studio to 2 Bedroom Apartments

Bayview Court

335 ForestPortland, ME 04101
  • Utilities Included
property at 757 Main St
$1,850 - $2,400
2 Bedroom Rentals
Available Now

757 Main St

South PortlandME04106

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Showing Results 1-34, Page 1 of 1

Bailey Island, ME Local Guide

Cheapest Available Bailey Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Bailey Island, ME is a 1 Bed unit found at 645 Congress Apartments in the Downtown Portland neighborhood priced from $1,520. Haven West has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,657. Here is today’s list of the most affordable Bailey Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
645 Congress Apartments1 Bedroom1BR,1BA$1,520
Haven WestHW-A12BR,1BA$1,657
Atlantic Townhouse Apartments2 Bedroom2BR,1BA$1,700
Redbank VillageThe Kennebunk1BR,1BA$1,720
Yarmouth Green Apartment Homes1 Bedroom 1 Bathroom A1BR,1BA$1,845
11 Shepley St1Bedroom1BR,1BA$1,850
117 LoftsStudioStudio,1BA$1,865
Olde English Village ApartmentsTwo Bedroom Executive2BR,1BA$1,895
Yarmouth Pointe Apartment HomesOne Bedroom1BR,1BA$1,935
Brunswick Station Apartments16 Noble1BR,1BA$1,945

Best Value Apartments for Rent in Bailey Island, ME and Nearby

As of September 07, 2026 the best value apartment in the Bailey Island area is the $2.32 price per square foot Market Rate 3 Bedroom Townhome Model at Island View in the in the North Deering neighborhood starting from $4,500. The second greatest value Bailey Island apartment is the THE EISENHOWER Model at Liberty Commons starting at $2,834 with a $2.52 price per square foot in the South Portland neighborhood. Here is today’s list of the best values for Bailey Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Island ViewMarket Rate 3 Bedroom Townhome3BR,2BA$2.32
Liberty CommonsTHE EISENHOWER2BR,2BA$2.52
Olde English Village ApartmentsTwo Bedroom Executive2BR,1BA$1.99
Pointe28The Driftwood - Income Restricted2BR,1.5BA$2.45
Back Bay Tower2 Bed 1 Bath2BR,1BA$2.53
Winchester WoodsTwo Bedroom2BR,1BA$2.53
Summit Terrace2 Bed2BR,1BA$2.31
Atlantic Townhouse Apartments2 Bedroom2BR,1BA$2.02
Haven WestHW-A12BR,1BA$2.21
645 Congress Apartments1 Bedroom1BR,1BA$2.18

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Bailey Island, ME Rentals by Map

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Frequently Asked Questions about Cheap Bailey Island Apartments

What is the Cheapest Studio apartment in Bailey Island?

Currently the most affordable Cheap Studio Apartment in Bailey Island is at 117 Lofts listed at $1,865.

How much is rent for a Cheap One Bedroom Bailey Island Apartment?

The lowest price for a Cheap One Bedroom Bailey Island Apartment is $1,520 at 645 Congress Apartments.

What is the lowest price for a Cheap Two Bedroom Bailey Island Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Bailey Island is starting from $1,657 at Haven West.

What is the most affordable Bailey Island Three Bedroom Apartment?

The best deal on a cheap Bailey Island Three Bedroom Apartment rental is at Atlantic Townhouse Apartments and starts from $1,800.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.