
Cheap Apartments for Rent in Monhegan, ME from $1,100 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in Monhegan.


Princeton on Back Cove

The Ridges

117 Lofts

645 Congress Apartments

Tamarlane Apartments, LLC
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.

Island View

Terrace Pond

Haven West

The Linden

33 Howard St

Riverview - Maine
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.

4 Iron Mine Hill MHP

Bayview Court

28 Bartlett St

30 Sewall St

283 Water St

253 Brunswick Rd
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.
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 | $2,084 | $1,174 | $2,650 |
| Monhegan 1 Bedroom Apartments | $2,262 | $1,326 | $3,695 |
| Monhegan 2 Bedroom Apartments | $2,432 | $1,444 | $4,600 |
| Monhegan 3 Bedroom Apartments | $2,542 | $1,750 | $3,600 |
| Monhegan 4 Bedroom Apartments | $2,836 | $2,836 | $2,836 |
Browse Top Apartments in Monhegan
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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 $1,225. The Ridges has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,475. 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 |
| The Ridges | 1 BR, 1BA | 1BR,1BA | $1,475 |
| 117 Lofts | Studio | Studio,1BA | $1,495 |
| 645 Congress Apartments | Studio | Studio,1BA | $1,500 |
| Terrace Pond | 2 Bed 1 Bath | 2BR,1BA | $1,650 |
Best Value Apartments for Rent in Monhegan, ME and Nearby
As of March 18, 2026 the best value apartment in the Monhegan area is the $1.62 price per square foot 2 bedroom Model at 49 Berkshire Rd in the in the North Deering neighborhood starting from $3,200. The second greatest value Monhegan apartment is the 12 White Birth Ln #24 Model at Birchlane starting at $3,000 with a $2.50 price per square foot in the North Deering neighborhood. 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. |
|---|---|---|---|
| 49 Berkshire Rd | 2 bedroom | 2BR,1.5BA | $1.62 |
| Birchlane | 12 White Birth Ln #24 | 3BR,2BA | $2.50 |
| Atlantic Townhouse Apartments | 3 Bedroom | 3BR,1BA | $1.50 |
| The Ridges | Furnished 1 BR, 1 BA, Large Office/Den | 1BR,1BA | $2.20 |
| Back Bay Tower | 2 Bed 1 Bath | 2BR,1BA | $2.31 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2.38 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $2.09 |
| Terrace Pond | 2 Bed 1 Bath | 2BR,1BA | $2.10 |
| Haven West | HW-A1 | 2BR,1BA | $2.21 |
| Riverview - Maine | 1 Bedroom | 1BR,1BA | $1.88 |
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
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 117 Lofts listed at $1,495.
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 Terrace Pond.
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 $1,750.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.