
Cheap Apartments for Rent near Monhegan, ME from $1,100 (21 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

Haven West

Atlantic Townhouse Apartments
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.

Island View

60 Spring St

400 Friendship Rd

Riverview - Maine

12 College St

Bayview Court

104 Knox St
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.

The Ridges

14 College St

32 Iron Mine Hill MHP

283 Water St

79 Birch St

154 Washington Ave

58 River St
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.
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 | $2,069 | $1,174 | $2,627 |
| Monhegan 1 Bedroom Apartments | $2,252 | $1,275 | $4,048 |
| Monhegan 2 Bedroom Apartments | $2,395 | $1,516 | $4,113 |
| Monhegan 3 Bedroom Apartments | $2,608 | $1,800 | $4,500 |
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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 $1,250. Haven West has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,581. 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 | $1,250 |
| Haven West | HW-A1 | 2BR,1BA | $1,581 |
| Atlantic Townhouse Apartments | 1 Bedroom | 1BR,1BA | $1,600 |
| Residences at Park Drive | 0 Beds, 1 Baths | Studio,1BA | $1,800 |
| Redbank Village | The Kennebunk | 1BR,1BA | $1,845 |
Best Value Apartments for Rent in Monhegan, ME and Nearby
As of August 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 Flats 2 Bedrooms Model at The Flats @ 554 starting at $2,350 with a $1.96 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 |
| The Flats @ 554 | Flats 2 Bedrooms | 2BR,1BA | $1.96 |
| The Residences at Crosstree | The Maple | 2BR,2BA | $2.34 |
| 46 Market St | Studio | Studio ,1BA | $2.50 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2.31 |
| Atlantic Pointe | The Carlton | 2BR,1.5BA | $2.51 |
| Atlantic Townhouse Apartments | 2 Bedroom | 2BR,1BA | $2.02 |
| Yarmouth Pointe Apartment Homes | Tri-level | 1BR,1BA | $2.39 |
| Haven West | HW-A1 | 2BR,1BA | $2.10 |
| Riverview - Maine | 1 Bedroom | 1BR,1BA | $1.92 |
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!
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 Hiawatha listed at $1,737.
How much is rent for a Cheap One Bedroom Monhegan Apartment?
The lowest price for a Cheap One Bedroom Monhegan Apartment is $1,250 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 $1,574 at Haven West.
What is the most affordable Monhegan Three Bedroom Apartment?
The best deal on a cheap Monhegan 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

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.

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.