Cheap Apartments for Rent in Palermo, ME from $600 (40 Rentals)

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

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Edgewater Village
$851 - $972
Total Monthly Price

Total Monthly Price

Base Rent
$851 - $972
Total Monthly Price
$851 - $972
1 Bedroom Apartments Available Now

Edgewater Village

126 Willow Springs DrFarmington, ME 04938
Senior Living
  • Verified
  • Utilities Included
  • Low Income

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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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.

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95-99 Maine Ave
1 to 4 Bedroom Apartments

95-99 Maine Ave

95-99 Maine AveRumford, ME 04276
  • Utilities Included
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347 Ridge Road
Studio to 3 Bedroom Apartments

347 Ridge Road

347 Ridge RoadFairfield, ME 04937
  • Utilities Included
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6-8 Union St
1 to 3 Bedroom Apartments

6-8 Union St

6-8 Union StWaterville, ME 04901
  • Utilities Included
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25 Austin Dr
2 Bedroom Apartments

25 Austin Dr

25 Austin DrOrono, ME 04473
  • Smoke Free
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Riverview - Maine
1 to 2 Bedroom Apartments

Riverview - Maine

16 Penobscot StAugusta, ME 04330
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23 Clinton Ave
1 to 3 Bedroom Apartments

23 Clinton Ave

23 Clinton AveWinslow, ME 04901
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102 Knox St
2 to 4 Bedroom Apartments

102 Knox St

102 Knox StLewiston, ME 04240

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.

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The Ridges
1 to 2 Bedroom Apartments

The Ridges

16 Ridge RdHallowell, ME 04347
  • Utilities Included
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263-265 Park St
2 Bedroom Apartments

263-265 Park St

263-265 Park StLewiston, ME 04240
  • Utilities Included

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.

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Rivers Edge
2 Bedroom Apartments

Rivers Edge

51 Northern Avenue HtsAuburn, ME 04210
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7-9 Irene St
2 Bedroom Apartments

7-9 Irene St

7-9 Irene StLewiston, ME 04240
  • Utilities Included
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283 Water St
Studio to 2 Bedroom Apartments

283 Water St

283 Water StGardiner, ME 04345
Corporate Housing
  • Utilities Included

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.

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Showing Results 1-40, Page 1 of 1

Palermo, ME Local Guide

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. Edgewater Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $851. Here is today’s list of the most affordable Palermo apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mountain View Apartments1x11BR,1BA$850
Edgewater Village1x11BR,1BA$851
Appleton ApartmentsStudioStudio,1BA$1,050
Summerhaven Apartments1 Bedroom1BR,1BA$1,225
23 Clinton Ave1 Bedroom1BR,1BA$1,250
Lombard Estate1 Bedroom1BR,1BA$1,300
Orchard Park Apartments1 Bedroom1BR,1BA$1,325
Cedarwoods Apartments2 Bedroom (units 65-88)2BR,1BA$1,375
Stillwater Village Apartments1x1 6501BR,1BA$1,400
Mount Auburn ApartmentsOne Bedroom-AA1BR,1BA$1,428

Best Value Apartments for Rent in Palermo, ME and Nearby

As of June 19, 2026 the best value apartment in the Palermo area is the $0.61 price per square foot 3 Bedroom, 3 Bath Model at The Reserve at Orono in the starting from $729. The second greatest value Palermo apartment is the 2 Beds, 1 bath Model at 172 Pinkhams Cove Rd starting at $2,000 with a $1.67 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.
The Reserve at Orono3 Bedroom, 3 Bath3BR,3BA$0.61
172 Pinkhams Cove Rd2 Beds, 1 bath2BR,1BA$1.67
Orchard Trails4x24BR,2BA$0.62
Old County EstatesApartment2BR,1.5BA$1.54
Stable Ridge Apartments2 Bedroom2BR,1BA$1.91
Lombard Estate3 Bedroom3BR,2BA$1.75
Atlantic Townhouse Apartments2 Bedroom2BR,1BA$1.96
Cedarwoods Apartments2 Bedroom (units 65-88)2BR,1BA$1.72
Orchard Park Apartments1 Bedroom1BR,1BA$1.89
23 Clinton Ave1 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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 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

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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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.