
Cheap Apartments for Rent near Palmyra, ME from $600 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in Palmyra.


Total Monthly Price
Edgewater Village

Bradford Commons

Appleton Apartments

58 Greenwood Ave

9 Dexter Rd

77 North St
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.

Summerhaven Apartments

Lombard Estate

61 Mercer Rd

95-99 Maine Ave

16 Austin Dr

347 Ridge Road

6-8 Union St
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.

26 Austin Dr

25 Austin Dr

23 Clinton Ave

Riverview - Maine

3 Hinckley Rd

102 Knox St

74 Front 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.
Palmyra, ME Local Guide

How much does it cost to rent an apartment in Palmyra?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmyra Studio Apartments | $1,620 | $1,050 | $1,800 |
| Palmyra 1 Bedroom Apartments | $1,731 | $850 | $2,750 |
| Palmyra 2 Bedroom Apartments | $1,872 | $1,000 | $3,000 |
| Palmyra 3 Bedroom Apartments | $1,937 | $1,750 | $2,400 |
| Palmyra 4 Bedroom Apartments | $724 | $689 | $759 |
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Palmyra, ME Local Guide
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Cheapest Available Palmyra Apartments for Rent and Nearby
 The cheapest available apartment rental in Palmyra, 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 Palmyra apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mountain View Apartments | 1x1 | 1BR,1BA | $850 |
| Edgewater Village | 1x1 | 1BR,1BA | $851 |
| Appleton Apartments | Studio | Studio,1BA | $1,050 |
| 23 Clinton Ave | 1 Bedroom | 1BR,1BA | $1,250 |
| Summerhaven Apartments | 1 Bedroom | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Palmyra, ME and Nearby
As of July 12, 2026 the best value apartment in the Palmyra 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 Palmyra apartment is the 4x2 Model at Orchard Trails starting at $689 with a $0.62 price per square foot . Here is today’s list of the best values for Palmyra 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 |
| Orchard Trails | 4x2 | 4BR,2BA | $0.62 |
| 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 |
| 95 Park Street Apartments | Two Bedroom | 2BR,1BA | $1.97 |
| Cedarwoods Apartments | 2 Bedroom (units 65-88) | 2BR,1BA | $1.75 |
| 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!
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Frequently Asked Questions about Cheap Palmyra Apartments
What is the Cheapest Studio apartment in Palmyra?
Currently the most affordable Cheap Studio Apartment in Palmyra is at Appleton Apartments listed at $1,050.
How much is rent for a Cheap One Bedroom Palmyra Apartment?
The lowest price for a Cheap One Bedroom Palmyra Apartment is $850 at Mountain View Apartments.
What is the lowest price for a Cheap Two Bedroom Palmyra Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Palmyra is starting from $1,025 at Mountain View Apartments.
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

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.

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.

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.