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 Apr 1

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 878 square feet priced from $2,975. Liberty Commons in the Stroudwater neighborhood has the second largest 1 Bedroom, which is sized at 810 square feet and currently listed start at $2,225. 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 B878 Sq Ft$2,975
Liberty CommonsTHE KENNEDY810 Sq Ft$2,225
Nonesuch River ApartmentsOne Bedroom-1A764 Sq Ft$2,072
Latitude at South PortlandA8745 Sq Ft$2,099
Foreside EstatesThe Beacon742 Sq Ft$2,300
Cumberland Woods Apartments1Bd1BA738 Sq Ft$2,355
Apartments at Blue Spruce Farm1 Bedroom 1 Bath BSF738 Sq Ft$2,251
Waterside Apartments1 Bedroom 1 Bath Waterside738 Sq Ft$2,251
Autumn Woods Apartments1 Bedroom Autumn Woods738 Sq Ft$2,251
North Village ApartmentsOne Bed698 Sq Ft$2,200

Cheapest Available Peaks Island and Nearby 1 Bedroom Apartments

As of March 07, 2026 the lowest priced 1 Bedroom apartment unit in Peaks Island, ME is the 1 Bedroom Model starting from $1,600 at 645 Congress Apartments in the Downtown Portland neighborhood. The second most affordable Peaks Island 1 Bedroom is the The Kennebunk Model at Redbank Village starting at $1,630 in the Stroudwater neighborhood. The average price for all 1 Bedroom apartments in Peaks Island is currently $2,269. Here is today’s list of the cheapest available 1 Bedroom options in Peaks Island:

Apartment ListingModel NamePriced From
645 Congress Apartments1 Bedroom$1,600
Redbank VillageThe Kennebunk$1,630
The LindenOne Bedroom$1,755
117 Lofts1 Bedroom$1,866
Nonesuch River ApartmentsOne Bedroom-1A$2,072
Latitude at South PortlandA8$2,099
NightingaleNightingale - Elizabeth P. Dealey (Workforce Ho...$2,100
Summit Terrace at WoodlandSummit$2,175
The CascoThe Casco - Matinicus Island Workforce$2,195
North Village ApartmentsOne Bed$2,200

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.

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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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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 645 Congress Apartments listed at $1,600.

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 $2,269.

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 878 square feet unit starting from $2,975 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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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.