Cheap Apartments for Rent in Palermo, ME from $700 (26 Rentals)

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Search the lowest-cost Apartments available for rent right now in Palermo.

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.

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.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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347 Ridge Road
Studio to 2 Bedroom Apartments

347 Ridge Road

347 Ridge RoadFairfield, ME 04937
  • Utilities Included

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.

property at 7 Island Ave

7 Island Ave

SkowheganME04976
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Mayo Mill
1 to 2 Bedroom Apartments

Mayo Mill

5 E Main StDover Foxcroft, ME 04426
  • Utilities Included

Palermo, ME Local Guide

Cheapest Available Palermo Apartments for Rent and Nearby

 

The cheapest available apartment rental in Palermo, ME is a 2 Beds unit found at 95-99 Maine Ave priced from $800. Cedarwoods Apartments in the Downtown Bangor neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,350. Here is today’s list of the most affordable Palermo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
95-99 Maine Ave2 Bed/1 Bath2BR,1BA$800
Cedarwoods Apartments2 Bedroom (units 9-64)2BR,1BA$1,350
The Ridges1 BR, 1BA1BR,1BA$1,375
Manor Gardens2 Beds, 1.5 Baths2BR,1BA$1,475
Orchard Park Apartments2 Bedroom2BR,1BA$1,500
Haven WestHW-A12BR,1BA$1,616
Birchlane#13BR,1BA$1,800
Yarmouth Pointe Apartment HomesStudioStudio,1BA$1,840
Kittyhawk Apartments II1 Bedroom1BR,1BA$1,950

Best Value Apartments for Rent in Palermo, ME and Nearby

As of June 09, 2025 the best value apartment in the Palermo area is the $2.32 price per square foot 3 Bed 2 Bath Model at Back Bay Tower in the in the Downtown Portland neighborhood starting from $2,950. The second greatest value Palermo apartment is the 3 Bedroom, 3 Bath Model at The Reserve at Orono starting at $859 with a $0.72 price per square foot . Here is today’s list of the best values for Palermo apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Back Bay Tower3 Bed 2 Bath3BR,2BA$2.32
The Reserve at Orono3 Bedroom, 3 Bath3BR,3BA$0.72
The RidgesFurnished 1 BR, 1 BA, Large Office/Den1BR,1BA$2.20
785 Cain Hl, Unit 785 C785 Cain Hl2BR,1BA$0.96
Orchard Park Apartments2 Bedroom2BR,1BA$1.67
Kittyhawk Apartments II1 Bedroom1BR,1BA$2.43
Cedarwoods Apartments2 Bedroom (units 89-112)2BR,1BA$1.75
Haven WestHW-A12BR,1BA$2.15
95-99 Maine Ave1 Bed/ 1 Bath1BR,1BA$1.14
Manor Gardens1 Beds, 1 Baths1BR,1BA$1.50

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Explore Palermo, ME Rentals by Map

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Frequently Asked Questions about Cheap Palermo Apartments

What is the Cheapest Studio apartment in Palermo?

Currently the most affordable Cheap Studio Apartment in Palermo is at Yarmouth Pointe Apartment Homes listed at $1,850.

How much is rent for a Cheap One Bedroom Palermo Apartment?

The lowest price for a Cheap One Bedroom Palermo Apartment is $800 at 95-99 Maine Ave.

What is the lowest price for a Cheap Two Bedroom Palermo Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Palermo is starting from $800 at 95-99 Maine Ave.

What is the most affordable Palermo Three Bedroom Apartment?

The best deal on a cheap Palermo Three Bedroom Apartment rental is at 95-99 Maine Ave and starts from $925.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.