Cheap Homes for Rent near Monhegan, ME from $850 (14 Rentals)

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property at 46 Gage St
$1,100
2 Bedroom Rentals
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46 Gage St

AugustaME04330

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.

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

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 ListingModel NameBed/BathPriced From
Riverview - Maine1 Bedroom1BR,1BA$1,250
645 Congress Apartments1 Bedroom1BR,1BA$1,520
Redbank VillageThe Kennebunk1BR,1BA$1,720
Yarmouth Green Apartment Homes1 Bedroom 1 Bathroom A1BR,1BA$1,845
11 Shepley St1Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Island ViewMarket Rate 3 Bedroom Townhome3BR,2BA$2.32
The Flats @ 554Flats 2 Bedrooms2BR,1BA$1.83
Pointe28The Driftwood - Income Restricted2BR,1.5BA$2.45
Back Bay Tower2 Bed 1 Bath2BR,1BA$2.53
Winchester WoodsTwo Bedroom2BR,1BA$2.53
Summit Terrace2 Bed2BR,1BA$2.31
Liberty CommonsTHE KENNEDY1BR,1BA$2.50
Brunswick Station Apartments16 Noble1BR,1BA$2.62
645 Congress Apartments1 Bedroom1BR,1BA$2.18
Riverview - Maine1 Bedroom1BR,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.

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Navigating 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.

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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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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

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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.

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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.

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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.

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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.