Cheap Apartments for Rent in Damariscotta, ME from $800 (50 Rentals)

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

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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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.

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347 Ridge Road
Studio to 3 Bedroom Apartments

347 Ridge Road

347 Ridge RoadFairfield, ME 04937
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6-8 Union St
1 to 3 Bedroom Apartments

6-8 Union St

6-8 Union StWaterville, ME 04901
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Riverview - Maine
1 to 2 Bedroom Apartments

Riverview - Maine

16 Penobscot StAugusta, ME 04330
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23 Clinton Ave
1 to 3 Bedroom Apartments

23 Clinton Ave

23 Clinton AveWinslow, ME 04901
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The Bellamy
1 to 3 Bedroom Apartments

The Bellamy

240 Harvard StPortland, ME 04103
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102 Knox St
2 to 4 Bedroom Apartments

102 Knox St

102 Knox StLewiston, ME 04240

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Bayview Court
Studio to 2 Bedroom Apartments

Bayview Court

335 ForestPortland, ME 04101
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The Ridges
1 to 2 Bedroom Apartments

The Ridges

16 Ridge RdHallowell, ME 04347
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263-265 Park St
2 Bedroom Apartments

263-265 Park St

263-265 Park StLewiston, ME 04240
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7-9 Irene St
2 Bedroom Apartments

7-9 Irene St

7-9 Irene StLewiston, ME 04240
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Rivers Edge
2 Bedroom Apartments

Rivers Edge

51 Northern Avenue HtsAuburn, ME 04210

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.

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283 Water St
Studio to 2 Bedroom Apartments

283 Water St

283 Water StGardiner, ME 04345
Corporate Housing
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98 High St
2 Bedroom Apartments

98 High St

98 High StAuburn, ME 04210
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Wellington Court
2 Bedroom Apartments

Wellington Court

28-34 Wellington CtAuburn, ME 04210
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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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Damariscotta, ME Local Guide

Cheapest Available Damariscotta Apartments for Rent and Nearby

 

The cheapest available apartment rental in Damariscotta, ME is a 1 Bed unit found at Mountain View Apartments priced from $850. Appleton Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here is today’s list of the most affordable Damariscotta apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mountain View Apartments1x11BR,1BA$850
Appleton ApartmentsStudioStudio,1BA$1,050
Summerhaven Apartments1 Bedroom1BR,1BA$1,225
23 Clinton Ave1 Bedroom1BR,1BA$1,250
Lombard Estate1 Bedroom1BR,1BA$1,300
Orchard Park Apartments1 Bedroom1BR,1BA$1,325
Mount Auburn ApartmentsOne Bedroom-AA1BR,1BA$1,428
645 Congress Apartments1 Bedroom1BR,1BA$1,520
Haven WestHW-A12BR,1BA$1,595
Fallview at 186 Main StreetStudio WaterviewStudio,1BA$1,700

Best Value Apartments for Rent in Damariscotta, ME and Nearby

As of June 13, 2026 the best value apartment in the Damariscotta area is the $1.67 price per square foot 2 Beds, 1 bath Model at 172 Pinkhams Cove Rd in the starting from $2,000. The second greatest value Damariscotta apartment is the 2 Bedroom Model at Stable Ridge Apartments starting at $1,975 with a $1.91 price per square foot . Here is today’s list of the best values for Damariscotta apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
172 Pinkhams Cove Rd2 Beds, 1 bath2BR,1BA$1.67
Stable Ridge Apartments2 Bedroom2BR,1BA$1.91
Lombard Estate3 Bedroom3BR,2BA$1.75
Haven WestHW-A12BR,1BA$2.13
Orchard Park Apartments1 Bedroom1BR,1BA$1.89
Mount Auburn ApartmentsOne Bedroom-AAN1BR,1BA$2.08
645 Congress Apartments1 Bedroom1BR,1BA$2.18
23 Clinton Ave1 Bedroom1BR,1BA$1.92
Summerhaven Apartments1 Bedroom1BR,1BA$2.04
Appleton ApartmentsStudioStudio ,1BA$2.33

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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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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Quick 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.

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

Explore Damariscotta, ME Rentals by Map

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See the most popular apartments and homes in Damariscotta, ME

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Frequently Asked Questions about Cheap Damariscotta Apartments

What is the Cheapest Studio apartment in Damariscotta?

Currently the most affordable Cheap Studio Apartment in Damariscotta is at Appleton Apartments listed at $1,050.

How much is rent for a Cheap One Bedroom Damariscotta Apartment?

The lowest price for a Cheap One Bedroom Damariscotta Apartment is $850 at Mountain View Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Damariscotta is starting from $1,025 at Mountain View Apartments.

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

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

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

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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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.