1 Bedroom Apartments for Rent in Peaks Island, ME (42 Rentals)

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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.

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11 Shepley St
Rent Specials
$1,850 - $2,500
Total Monthly Price

Total Monthly Price

Base Rent
$1,850 - $2,500
Total Monthly Price
$1,850 - $2,500
1 Bedroom Apartments Available Now

11 Shepley St

11 Shepley StPortland, ME 04101
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  • Utilities Included
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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.

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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.

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Bayview Court
1 Bedroom Apartments

Bayview Court

335 ForestPortland, ME 04101
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147 Pleasant Ave
1 Bedroom Apartments

147 Pleasant Ave

147 Pleasant AvePortland, ME 04103
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The Bellamy
1 Bedroom Apartments

The Bellamy

240 Harvard StPortland, ME 04103
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Peaks Island, ME Local Guide

Largest Available Peaks Island and Nearby 1 Bedroom Apartments

The largest available 1 Bedroom apartment unit in Peaks Island, ME is found at The Armature in the Downtown Portland neighborhood and is 961 square feet priced from $3,695. Island View in the Riverton neighborhood has the second largest 1 Bedroom, which is sized at 948 square feet and currently listed start at $2,251. Here is today’s list of the largest available 1 Bedroom units in Peaks Island:

Apartment ListingModel NameSquare FootagePriced From
The Armature1BD + Office Floor Plan C961 Sq Ft$3,695
Island ViewIsland View ADA948 Sq Ft$2,251
Hackamore Place ApartmentsEast End778 Sq Ft$2,253
Nonesuch River ApartmentsOne Bedroom-1A764 Sq Ft$2,212
Latitude at South PortlandA9749 Sq Ft$2,321
Foreside EstatesThe Beacon742 Sq Ft$2,300
Apartments at Blue Spruce Farm1 Bedroom 1 Bath BSF738 Sq Ft$2,150
Waterside Apartments1 Bedroom 1 Bath Waterside738 Sq Ft$2,150
Cumberland Woods Apartments1Bd1BA738 Sq Ft$2,355
North Village ApartmentsOne Bed698 Sq Ft$2,200

Cheapest Available Peaks Island and Nearby 1 Bedroom Apartments

As of April 21, 2026 the lowest priced 1 Bedroom apartment unit in Peaks Island, ME is the Studio/Efficiency Model starting from $1,799 at The Linden in the Downtown Portland neighborhood. The second most affordable Peaks Island 1 Bedroom is the 1Bedroom Model at 11 Shepley St starting at $1,850 . The average price for all 1 Bedroom apartments in Peaks Island is currently $2,355. Here is today’s list of the cheapest available 1 Bedroom options in Peaks Island:

Apartment ListingModel NamePriced From
The LindenStudio/Efficiency$1,799
11 Shepley St1Bedroom$1,850
Redbank VillageThe Kennebunk$1,954
Apartments at Blue Spruce Farm1 Bedroom 1 Bath BSF$2,150
Waterside Apartments1 Bedroom 1 Bath Waterside$2,150
Latitude at South PortlandA8$2,165
Summit Terrace at WoodlandSummit$2,175
North Village ApartmentsOne Bed$2,200
Nonesuch River ApartmentsOne Bedroom-1A$2,212
Autumn Woods Apartments1 Bedroom Autumn Woods$2,251

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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The 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.

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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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Quick 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.

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Pet Friendly Lifestyle

Ranked #

Among cities in Maine for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Peaks Island, ME Rentals by Map

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See the most popular apartments and homes in Peaks Island, ME

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Frequently Asked Questions about 1 Bedroom Peaks Island Apartments

What is the Cheapest apartment in Peaks Island with 1 Bedroom?

Currently the most affordable 1 Bedroom in Peaks Island is at The Linden listed at $1,799.

How much is the average rent for a 1 Bedroom Peaks Island Apartment?

The average rent for a 1 Bedroom Apartment in Peaks Island is $2,355.

What is the largest available 1 Bedroom Peaks Island Apartment for rent?

Today's apartment with the most square footage in Peaks Island is a 961 square feet unit starting from $3,695 at The Armature.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.