Cheap Apartments for Rent in Palermo, ME from $700 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Palermo.

Mountain View Apartments

9 Bayview Dr

25 Spruce St
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.

Bradford Commons

Princeton Pines

Hathaway Creative Center

Orchard Park Apartments

Cedarwoods Apartments

Stillwater Village Apartments
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.

131 D St

38 Oak St
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.

94 Front St

4 Front Pl

3 Hinckley Rd

110 Silver St

30 Gage St

12 East St

21 Water St
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.

2539 N Belfast Ave

7 Island Ave
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 | $2,155 | $1,174 | $3,175 |
Palermo 1 Bedroom Apartments | $2,207 | $750 | $4,900 |
Palermo 2 Bedroom Apartments | $2,468 | $850 | $5,900 |
Palermo 3 Bedroom Apartments | $2,203 | $925 | $5,900 |
Palermo 4 Bedroom Apartments | $2,167 | $1,500 | $3,200 |
Browse Top Apartments in Palermo
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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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
95-99 Maine Ave | 2 Bed/1 Bath | 2BR,1BA | $800 |
Cedarwoods Apartments | 2 Bedroom (units 9-64) | 2BR,1BA | $1,350 |
The Ridges | 1 BR, 1BA | 1BR,1BA | $1,375 |
Manor Gardens | 2 Beds, 1.5 Baths | 2BR,1BA | $1,475 |
Orchard Park Apartments | 2 Bedroom | 2BR,1BA | $1,500 |
Haven West | HW-A1 | 2BR,1BA | $1,616 |
Birchlane | #1 | 3BR,1BA | $1,800 |
Yarmouth Pointe Apartment Homes | Studio | Studio,1BA | $1,840 |
Kittyhawk Apartments II | 1 Bedroom | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Back Bay Tower | 3 Bed 2 Bath | 3BR,2BA | $2.32 |
The Reserve at Orono | 3 Bedroom, 3 Bath | 3BR,3BA | $0.72 |
The Ridges | Furnished 1 BR, 1 BA, Large Office/Den | 1BR,1BA | $2.20 |
785 Cain Hl, Unit 785 C | 785 Cain Hl | 2BR,1BA | $0.96 |
Orchard Park Apartments | 2 Bedroom | 2BR,1BA | $1.67 |
Kittyhawk Apartments II | 1 Bedroom | 1BR,1BA | $2.43 |
Cedarwoods Apartments | 2 Bedroom (units 89-112) | 2BR,1BA | $1.75 |
Haven West | HW-A1 | 2BR,1BA | $2.15 |
95-99 Maine Ave | 1 Bed/ 1 Bath | 1BR,1BA | $1.14 |
Manor Gardens | 1 Beds, 1 Baths | 1BR,1BA | $1.50 |
Quick Rent Budget Calculator
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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.

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.

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.

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.

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.