
Cheap Homes for Rent in Peaks Island, ME from $1,000 (10 Rentals)
Cheap Homes in Peaks Island.


148 Main St

46 E Grand Ave

60 Northeast Rd

106 Granite St
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.

140 Main St

59 High St

105 Sebago Lake Rd

86 Bacon St

15 Middle St
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Peaks Island, ME Local Guide

How much does it cost to rent a home in Peaks Island?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Peaks Island 2 Bedroom Homes for Rent | $2,516 | $1,525 | $4,000 |
Peaks Island 3 Bedroom Homes for Rent | $3,737 | $3,000 | $4,750 |
Peaks Island 4 Bedroom Homes for Rent | $4,666 | $4,000 | $6,000 |
Browse Top Homes for Rent in Peaks Island
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Peaks Island, ME Local Guide
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Cheapest Available Peaks Island Apartments for Rent and Nearby
 The cheapest available apartment rental in Peaks Island, ME is a 1 Bed unit found at Redbank Village in the Oakdale neighborhood priced from $1,870. The Casco in the Downtown Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,947. Here is today’s list of the most affordable Peaks Island apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Redbank Village | The Kennebunk | 1BR,1BA | $1,870 |
The Casco | The Casco - Back Cove Workforce | Studio,1BA | $1,947 |
Hayloft Apartments | Oakhill | 1BR,1BA | $1,950 |
Best Value Apartments for Rent in Peaks Island, ME and Nearby
As of May 06, 2025 the best value apartment in the Peaks Island area is the $1.76 price per square foot The Dayton Model at Foreside Estates in the in the North Deering neighborhood starting from $2,600. The second greatest value Peaks Island apartment is the 2BR Balcony Model at Summit Terrace starting at $2,207 with a $2.32 price per square foot in the Downtown Portland neighborhood. Here is today’s list of the best values for Peaks Island apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Foreside Estates | The Dayton | 2BR,2BA | $1.76 |
Summit Terrace | 2BR Balcony | 2BR,1BA | $2.32 |
Cumberland Foreside Village Apartments | Cumberland ADA | 1BR,1BA | $2.21 |
Blue Spruce Farm Apartments | 2 Bedroom 1 Bath BSF | 2BR,1BA | $2.53 |
Cumberland Woods Apartments | 2BD1BA | 2BR,1BA | $2.53 |
Carrier Woods Apartments | 1 Bedroom 1 Bath Carrier | 1BR,1BA | $2.80 |
Waterside Apartments | 1 Bedroom 1 Bath Waterside | 1BR,1BA | $2.70 |
Island View | 1 Bedroom Island View | 1BR,1BA | $2.70 |
Autumn Woods Apartments | 1 Bedroom Autumn Woods | 1BR,1BA | $2.70 |
Hackamore Place Apartments at the Downs | Willard | 1BR,1BA | $2.87 |
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Frequently Asked Questions about Peaks Island
What type of rentals are currently available in Peaks Island?
There are currently 37 Apartments for Rent in Peaks Island, ME with pricing that ranges from $1,174 to $5,480. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peaks Island ranging from $1,095 to $6,000.
What is the current price range for Rental Homes in Peaks Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peaks Island ranges from $1,095 to $6,000 with an average monthly rent of $2,810.
How much are larger Three and Four Bedroom Rentals in Peaks Island?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peaks Island range from $2,175 to $4,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,000 to $4,750. Four Bedroom Single-Family rentals are also available starting from $4,000 and Four Bedroom Apartments start at $2,836.
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.

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.

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.

Rise of Digital Nomads: Remote Work Tips for Apartment Renters
Written by: Brandie Parton
As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.