
Cheap Apartments for Rent near Palermo, ME from $700 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Palermo.


Bradford Commons

Appleton Apartments

Princeton Pines

Lombard Estate

61 Mercer Rd

95-99 Maine Ave
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.

Edgewater Village

37 Main St

60 Spring St

347 Ridge Road

35 Summer St

6-8 Union St

10 Lindsey's Way
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.

400 Friendship Rd

3 Hinckley Rd

74 Front St

Riverview - Maine

23 Clinton Ave

102 Knox St

115 Albion Rd
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

110 Silver 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 | $2,004 | $1,050 | $2,375 |
| Palermo 1 Bedroom Apartments | $2,074 | $850 | $3,251 |
| Palermo 2 Bedroom Apartments | $2,142 | $1,000 | $4,113 |
| Palermo 3 Bedroom Apartments | $2,486 | $1,750 | $4,500 |
| Palermo 4 Bedroom Apartments | $759 | $759 | $759 |
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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. Appleton Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. 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 |
| Appleton Apartments | Studio | Studio,1BA | $1,050 |
| 23 Clinton Ave | 1 Bedroom | 1BR,1BA | $1,250 |
| Riverview - Maine | 1 Bedroom | 1BR,1BA | $1,250 |
| Lombard Estate | 1 Bedroom | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Palermo, ME and Nearby
As of August 04, 2026 the best value apartment in the Palermo area is the $0.62 price per square foot 3 Bedroom, 3 Bath Model at The Reserve at Orono in the starting from $749. The second greatest value Palermo apartment is the Flats 2 Bedrooms Model at The Flats @ 554 starting at $2,350 with a $1.96 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. |
|---|---|---|---|
| The Reserve at Orono | 3 Bedroom, 3 Bath | 3BR,3BA | $0.62 |
| The Flats @ 554 | Flats 2 Bedrooms | 2BR,1BA | $1.96 |
| Old County Estates | Apartment | 2BR,1.5BA | $1.54 |
| Stable Ridge Apartments | 2 Bedroom | 2BR,1BA | $1.91 |
| Lombard Estate | 3 Bedroom | 3BR,2BA | $1.75 |
| Triangle Apartments | 1 | 2BR,1BA | $1.67 |
| Cedarwoods Apartments | 2 Bedroom (units 89-112) | 2BR,1BA | $1.78 |
| Orchard Park Apartments | 1 Bedroom | 1BR,1BA | $1.93 |
| Riverview - Maine | 1 Bedroom | 1BR,1BA | $1.92 |
| 23 Clinton Ave | 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 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?
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 Palermo, ME Rentals by Map
See the most popular apartments and homes in Palermo, ME
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 Appleton Apartments listed at $1,050.
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 $1,025 at Mountain View Apartments.
What is the most affordable Palermo Three Bedroom Apartment?
The best deal on a cheap Palermo Three Bedroom Apartment rental is at Lombard Estate 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

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.

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.