
Cheap Apartments for Rent in Monhegan, ME from $1,100 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Monhegan.


Princeton on Back Cove

645 Congress Apartments

Tamarlane Apartments, LLC

117 Lofts

Island View
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.

Atlantic Townhouse Apartments

Terrace Pond

Haven West

171 Oak St

36 Monroe St

17 Mechanic 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.

Riverview - Maine

29 Joey Ln

36 Prospect St

181 Lincoln St

22 Williams Ln

1635 Lewiston Rd
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.

117 Pierce St

Bayview Court

20 Academy St

19 Market Ln

The Ridges

283 Water St
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

23 Iron Mine Hill MHP

31 Bog Rd
Monhegan, ME Local Guide

How much does it cost to rent an apartment in Monhegan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monhegan Studio Apartments | $2,186 | $1,174 | $2,585 |
| Monhegan 1 Bedroom Apartments | $2,390 | $1,326 | $3,695 |
| Monhegan 2 Bedroom Apartments | $2,424 | $1,516 | $3,975 |
| Monhegan 3 Bedroom Apartments | $2,686 | $1,937 | $3,700 |
| Monhegan 4 Bedroom Apartments | $3,167 | $2,836 | $3,499 |
Browse Top Apartments in Monhegan
See all Apartments in MonheganExplore Monhegan
Monhegan, ME Local Guide
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Cheapest Available Monhegan Apartments for Rent and Nearby
 The cheapest available apartment rental in Monhegan, ME is a 1 Bed unit found at Riverview - Maine priced from $1,225. 645 Congress Apartments in the Downtown Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,500. Here is today’s list of the most affordable Monhegan apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Riverview - Maine | 1 Bedroom | 1BR,1BA | $1,225 |
| 645 Congress Apartments | Studio | Studio,1BA | $1,500 |
| 117 Lofts | Studio | Studio,1BA | $1,610 |
| Atlantic Townhouse Apartments | 2 Bedroom | 2BR,1BA | $1,650 |
| Haven West | HW-A1 | 2BR,1BA | $1,682 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $1,775 |
| The Linden | Studio/Efficiency | 1BR,1BA | $1,799 |
| 35 Laurel Ave | Handi-Access 1Bed unfurnished 1st Fl | 1BR,1BA | $1,860 |
| Summit Terrace at Woodland | Summit | 1BR,1BA | $1,865 |
| Brunswick Station Apartments | 19 Station Ave | 1BR,1BA | $1,945 |
Best Value Apartments for Rent in Monhegan, ME and Nearby
As of May 05, 2026 the best value apartment in the Monhegan 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 Monhegan 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 Monhegan 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 | 2BR,1BA | $2.13 |
| 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 |
| Atlantic Townhouse Apartments | 2 Bedroom | 2BR,1BA | $1.96 |
| Haven West | HW-A1 | 2BR,1BA | $2.24 |
| Riverview - Maine | 1 Bedroom | 1BR,1BA | $1.88 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 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
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 Monhegan, ME Rentals by Map
See the most popular apartments and homes in Monhegan, ME
Frequently Asked Questions about Cheap Monhegan Apartments
What is the Cheapest Studio apartment in Monhegan?
Currently the most affordable Cheap Studio Apartment in Monhegan is at 645 Congress Apartments listed at $1,500.
How much is rent for a Cheap One Bedroom Monhegan Apartment?
The lowest price for a Cheap One Bedroom Monhegan Apartment is $1,225 at Riverview - Maine.
What is the lowest price for a Cheap Two Bedroom Monhegan Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Monhegan is starting from $1,650 at Atlantic Townhouse 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

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.

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.