
Cheap Apartments for Rent in Palermo, ME from $600 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in Palermo.


Bradford Commons

Princeton Pines

Summerhaven Apartments
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.

Hathaway Creative Center

Orchard Park Apartments

Stillwater Village Apartments
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.

3 Deeb St

17 Mechanic St
Cash 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.

9 Keyes St
Palermo, ME Local Guide

How much does it cost to rent an apartment in Palermo?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palermo Studio Apartments | $1,961 | $1,174 | $2,650 |
| Palermo 1 Bedroom Apartments | $2,132 | $850 | $3,349 |
| Palermo 2 Bedroom Apartments | $2,272 | $885 | $4,995 |
| Palermo 3 Bedroom Apartments | $2,633 | $1,750 | $4,500 |
| Palermo 4 Bedroom Apartments | $1,416 | $689 | $2,836 |
Browse Top Apartments in Palermo
See all Apartments in PalermoExplore Palermo
Palermo, ME Local Guide
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Cheapest Available Palermo Apartments for Rent and Nearby
 The cheapest available apartment rental in Palermo, ME is a 1 Bed unit found at Mountain View Apartments priced from $850. 25 Austin Dr has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here is today’s list of the most affordable Palermo apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mountain View Apartments | 1x1 | 1BR,1BA | $850 |
| 25 Austin Dr | 50 Ft | 2BR,1BA | $995 |
| Mayo Mill | 2BR | 2BR,2BA | $1,122 |
| Summerhaven Apartments | 1 Bedroom | 1BR,1BA | $1,225 |
| Riverview - Maine | 1 Bedroom | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Palermo, ME and Nearby
As of December 12, 2025 the best value apartment in the Palermo area is the $0.93 price per square foot Units Model at 70 Church St in the starting from $1,300. The second greatest value Palermo apartment is the B112 Model at Mayo Mill starting at $1,675 with a $1.34 price per square foot . Here is today’s list of the best values for Palermo apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 70 Church St | Units | 2BR,1BA | $0.93 |
| Mayo Mill | B112 | 2BR,1BA | $1.34 |
| The Reserve at Orono | 3 Bedroom, 3 Bath | 3BR,3BA | $0.66 |
| Pinewood Apartments | Pinewood Apartments | 2BR,1.5BA | $1.38 |
| Stable Ridge Apartments | 2 Bedroom | 2BR,1BA | $1.84 |
| 7-9 Irene St | Two Bedroom One Bath | 2BR,1BA | $1.55 |
| 51 Northern Avenue Hts | 2 Bedroom 1 Bath | 2BR,1BA | $1.55 |
| Old County Estates | Apartment | 2BR,1BA | $1.61 |
| 25 Austin Dr | 60 Ft | 2BR,1BA | $1.35 |
| Cedarwoods Apartments | 2 Bedroom (units 9-64) | 2BR,1BA | $1.73 |
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 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 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.
Pet Friendly Lifestyle
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Among cities in Maine for Apartment listings with Pet Friendly Amenities.
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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 117 Lofts listed at $1,550.
How much is rent for a Cheap One Bedroom Palermo Apartment?
The lowest price for a Cheap One Bedroom Palermo Apartment is $850 at Mountain View Apartments.
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 $995 at 25 Austin Dr.
What is the most affordable Palermo Three Bedroom Apartment?
The best deal on a cheap Palermo 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

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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.








