
Cheap Homes for Rent in Bailey Island, ME from $1,300 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Bailey Island.


109 Birch St

1635 Lewiston Rd

117 Pierce St

19 Market Ln
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.

48 Knox St

190 East Ave

7 High St

79 Birch St

82 N Kelsey 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.

197 Pine St
Bailey Island, ME Local Guide

How much does it cost to rent a home in Bailey Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Bailey Island 2 Bedroom Homes for Rent | $2,421 | $1,300 | $5,400 |
| Bailey Island 3 Bedroom Homes for Rent | $2,885 | $1,600 | $4,250 |
| Bailey Island 4 Bedroom Homes for Rent | $4,062 | $1,700 | $6,000 |
| Bailey Island 5 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Top Homes for Rent 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 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 $1,597. 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 | 1 Bedroom | 1BR,1BA | $1,520 |
| Haven West | HW-A1 | 2BR,1BA | $1,597 |
| 117 Lofts | Studio | Studio,1BA | $1,765 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $1,775 |
| Apartments at Brunswick Landing | 1 Bedroom 1 Bath Brunswick | 1BR,1BA | $1,895 |
Best Value Apartments for Rent in Bailey Island, ME and Nearby
As of May 31, 2026 the best value apartment in the Bailey Island area is the $2.26 price per square foot One Bedroom Loft Model at Yarmouth Pointe Apartment Homes in the starting from $2,200. The second greatest value Bailey Island apartment is the 2 Bed | Balcony Model at Summit Terrace starting at $2,394 with a $2.52 price per square foot in the Downtown neighborhood. 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. |
|---|---|---|---|
| Yarmouth Pointe Apartment Homes | One Bedroom Loft | 1BR,1BA | $2.26 |
| Summit Terrace | 2 Bed | Balcony | 2BR,1BA | $2.52 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| Cumberland Foreside Village Apartments | 2 Bedroom 1 Bath Cumberland | 2BR,1BA | $2.42 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $2.09 |
| Summit Terrace at Woodland | 2 Bed | 2BR,1BA | $2.63 |
| Haven West | HW-A1 | 2BR,1BA | $2.13 |
| Apartments at Brunswick Landing | 1 Bedroom 1 Bath Brunswick | 1BR,1BA | $2.57 |
| 645 Congress Apartments | 1 Bedroom | 1BR,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.
Read ArticleReal 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.
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!
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Frequently Asked Questions about Bailey Island
What type of rentals are currently available in Bailey Island?
There are currently 45 Apartments for Rent in Bailey Island, ME with pricing that ranges from $1,174 to $3,734. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Bailey Island ranging from $1,300 to $6,000.
What is the current price range for Rental Homes in Bailey Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Bailey Island ranges from $1,300 to $6,000 with an average monthly rent of $2,965.
How much are larger Three and Four Bedroom Rentals in Bailey Island?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Bailey Island range from $1,937 to $3,617, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $4,250. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $2,836.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.