
Cheap Apartments for Rent in Bailey Island, ME from $1,100 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Bailey Island.


Olde English Village Apartments

Princeton on Back Cove

645 Congress Apartments

Tamarlane Apartments, LLC
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.

Island View

Terrace Pond

171 Oak St

43 Main St

41 Hatch St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

The Bellamy

181 Lincoln St

1635 Lewiston Rd

Bayview Court

47 James St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

20 Washington Ave
Bailey Island, ME Local Guide

How much does it cost to rent an apartment in Bailey Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Bailey Island Studio Apartments | $2,123 | $1,174 | $2,585 |
| Bailey Island 1 Bedroom Apartments | $2,327 | $1,326 | $3,695 |
| Bailey Island 2 Bedroom Apartments | $2,422 | $1,516 | $3,700 |
| Bailey Island 3 Bedroom Apartments | $2,708 | $1,937 | $3,695 |
| Bailey Island 4 Bedroom Apartments | $3,110 | $2,836 | $3,384 |
Browse Top Apartments in Bailey Island
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Bailey Island, ME Local Guide
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Cheapest Available Bailey Island Apartments for Rent and Nearby
 The cheapest available apartment rental in Bailey Island, ME is a Studio unit found at 645 Congress Apartments in the Downtown Portland neighborhood priced from $1,500. 117 Lofts in the Downtown Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,740. Here is today’s list of the most affordable Bailey Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 645 Congress Apartments | Studio | Studio,1BA | $1,500 |
| 117 Lofts | Studio | Studio,1BA | $1,740 |
| Haven West | HW-A1 | 2BR,1BA | $1,743 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $1,775 |
| The Linden | Studio/Efficiency | 1BR,1BA | $1,799 |
Best Value Apartments for Rent in Bailey Island, ME and Nearby
As of April 24, 2026 the best value apartment in the Bailey Island area is the $2.50 price per square foot 12 White Birth Ln #24 Model at Birchlane in the in the North Deering neighborhood starting from $3,000. The second greatest value Bailey Island apartment is the The Lighthouse Model at Pointe28 starting at $2,750 with a $2.69 price per square foot . Here is today’s list of the best values for Bailey Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Birchlane | 12 White Birth Ln #24 | 3BR,2BA | $2.50 |
| Pointe28 | The Lighthouse | 2BR,1.5BA | $2.69 |
| Yarmouth Pointe Apartment Homes | One Bedroom Loft | 1BR,1BA | $2.41 |
| Summit Terrace | 2 Bed | Balcony + Washer/Dryer | 2BR,1BA | $2.55 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| Back Bay Tower | 2 Bed 1 Bath | 2BR,1BA | $2.64 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $2.09 |
| Haven West | HW-A1 | 2BR,1BA | $2.32 |
| Apartments at Brunswick Landing | 1 Bedroom 1 Bath Brunswick | 1BR,1BA | $2.70 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Bailey Island, ME Rentals by Map
See the most popular apartments and homes in Bailey Island, ME
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 645 Congress Apartments listed at $1,500.
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 $1,743 at Haven West.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.