
Cheap Homes for Rent near Monhegan, ME from $850 (14 Rentals)
Search the lowest-cost Homes available for rent right now in Monhegan.


60 Spring St

46 Gage St

400 Friendship Rd

51 Cushing St

12 College St

29 Joey Ln
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.

14 College St

32 Iron Mine Hill MHP

600 Riverside Dr

36 Prospect St

1409 Atlantic Hwy

229 Chopps Cross Rd

8 Green 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.
Monhegan, ME Local Guide

How much does it cost to rent a home in Monhegan?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monhegan 2 Bedroom Homes for Rent | $2,302 | $1,100 | $5,750 |
| Monhegan 3 Bedroom Homes for Rent | $2,464 | $1,525 | $3,727 |
| Monhegan 4 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
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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. 645 Congress Apartments in the Downtown Portland neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,520. 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 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $1,520 |
| Redbank Village | The Kennebunk | 1BR,1BA | $1,720 |
| Yarmouth Green Apartment Homes | 1 Bedroom 1 Bathroom A | 1BR,1BA | $1,845 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $1,850 |
Best Value Apartments for Rent in Monhegan, ME and Nearby
As of September 07, 2026 the best value apartment in the Monhegan area is the $2.32 price per square foot Market Rate 3 Bedroom Townhome Model at Island View in the in the North Deering neighborhood starting from $4,500. The second greatest value Monhegan apartment is the Flats 2 Bedrooms Model at The Flats @ 554 starting at $2,200 with a $1.83 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. |
|---|---|---|---|
| Island View | Market Rate 3 Bedroom Townhome | 3BR,2BA | $2.32 |
| The Flats @ 554 | Flats 2 Bedrooms | 2BR,1BA | $1.83 |
| Pointe28 | The Driftwood - Income Restricted | 2BR,1.5BA | $2.45 |
| Back Bay Tower | 2 Bed 1 Bath | 2BR,1BA | $2.53 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2.31 |
| Liberty Commons | THE KENNEDY | 1BR,1BA | $2.50 |
| Brunswick Station Apartments | 16 Noble | 1BR,1BA | $2.62 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $2.18 |
| 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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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?
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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See the most popular apartments and homes in Monhegan, ME
Frequently Asked Questions about Monhegan
What type of rentals are currently available in Monhegan?
There are currently 51 Apartments for Rent in Monhegan, ME with pricing that ranges from $1,100 to $4,730. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monhegan ranging from $850 to $5,750.
What is the current price range for Rental Homes in Monhegan?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monhegan ranges from $850 to $5,750 with an average monthly rent of $2,333.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.