Cheap Apartments for Rent in Peaks Island, ME from $1,100 (18 Rentals)

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

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The Art of the Rental Viewing: What to look for during a property tour

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Bayview Court
Studio to 1 Bedroom Apartments

Bayview Court

335 ForestPortland, ME 04101
  • Utilities Included
property at 2 Elm St

2 Elm St

KennebunkportME04046

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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Peaks Island, ME Local Guide

Cheapest Available Peaks Island Apartments for Rent and Nearby

 

The cheapest available apartment rental in Peaks Island, ME is a 3 Beds unit found at Birchlane in the North Deering neighborhood priced from $1,800. Redbank Village in the Oakdale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,945. Here is today’s list of the most affordable Peaks Island apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Birchlane#13BR,1BA$1,800
Redbank VillageThe Kennebunk1BR,1BA$1,945
The CascoThe Casco - Deer IsleStudio,1BA$1,951
Hackamore North ApartmentsCoburn1BR,1BA$1,985
Island View1 Bedroom Island View1BR,1BA$1,995

Best Value Apartments for Rent in Peaks Island, ME and Nearby

As of June 08, 2025 the best value apartment in the Peaks Island area is the $2.67 price per square foot #21 Model at Birchlane in the in the North Deering neighborhood starting from $3,200. The second greatest value Peaks Island apartment is the 2BD1BA Model at Cumberland Woods Apartments starting at $2,395 with a $2.53 price per square foot in the Riverton neighborhood. Here is today’s list of the best values for Peaks Island apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Birchlane#213BR,2BA$2.67
Cumberland Woods Apartments2BD1BA2BR,1BA$2.53
North Village ApartmentsOne Bed1BR,1BA$2.93
Foreside EstatesThe Beacon1BR,1BA$3.10
Island View1 Bedroom Island View1BR,1BA$2.70
Autumn Woods Apartments1 Bedroom Autumn Woods1BR,1BA$2.70
Hackamore Place Apartments at the DownsWillard1BR,1BA$2.87
645 Congress Apartments1 Bedroom1BR,1BA$3.03
The LindenTwo Bedroom2BR,1BA$3.31
Redbank VillageThe Kennebunk1BR,1BA$3.64

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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 Cheap Peaks Island Apartments

What is the Cheapest Studio apartment in Peaks Island?

Currently the most affordable Cheap Studio Apartment in Peaks Island is at The Casco listed at $1,951.

How much is rent for a Cheap One Bedroom Peaks Island Apartment?

The lowest price for a Cheap One Bedroom Peaks Island Apartment is $1,945 at Redbank Village.

What is the lowest price for a Cheap Two Bedroom Peaks Island Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Peaks Island is starting from $2,272 at The Linden.

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.

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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.

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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.

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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.

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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.