48 Knox St
LewistonME04240
Cheap Homes for Rent in Peaks Island, ME from $1,300 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Peaks Island.
79 Birch St
LewistonME04240
40 Claman Dr
WindhamME04062
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.
7 Friend St
KennebunkME04043
210 Beach St
SacoME04072
158 Temple Ave
Old Orchard BeachME04064
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.
Showing Results 1-6, Page 1 of 1
Peaks Island, ME Local Guide
Sunset on the Bay by Christopher Paretti is licensed under CC BY 2.0
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 | $2,685 | $1,300 | $5,400 |
| Peaks Island 3 Bedroom Homes for Rent | $2,887 | $2,170 | $4,250 |
| Peaks Island 4 Bedroom Homes for Rent | $4,683 | $1,700 | $7,750 |
Browse Top Homes for Rent in Peaks Island
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Peaks Island, ME Local Guide
- Nearby Cities
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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 645 Congress Apartments in the Downtown Portland neighborhood priced from $1,520. Forest Glen Apartments in the North Deering neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,775. Here is today’s list of the most affordable Peaks Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $1,520 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $1,775 |
| The Linden | One Bedroom | 1BR,1BA | $1,850 |
Best Value Apartments for Rent in Peaks Island, ME and Nearby
As of June 12, 2026 the best value apartment in the Peaks Island area is the $2.70 price per square foot THE WASHINGTON DELUXE Model at Liberty Commons in the in the Stroudwater neighborhood starting from $2,670. The second greatest value Peaks Island apartment is the Swift Model at Foxcroft Apartments, LLC starting at $1,950 with a $2.05 price per square foot . 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. |
|---|---|---|---|
| Liberty Commons | THE WASHINGTON DELUXE | 2BR,1.5BA | $2.70 |
| Foxcroft Apartments, LLC | Swift | 2BR,1.5BA | $2.05 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| Cumberland Foreside Village Apartments | 2 Bedroom 1 Bath Cumberland | 2BR,1BA | $2.42 |
| Island View | 2 Bedroom Island View | 2BR,1BA | $2.64 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2.69 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $2.09 |
| Summit Terrace at Woodland | 2 Bed | 2BR,1BA | $2.63 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $2.18 |
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 Article
Real 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
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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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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Peaks Island, ME Rentals by Map
See the most popular apartments and homes in Peaks Island, ME
Frequently Asked Questions about Peaks Island
What type of rentals are currently available in Peaks Island?
There are currently 47 Apartments for Rent in Peaks Island, ME with pricing that ranges from $1,174 to $4,500. There are also 29 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peaks Island ranging from $1,300 to $7,750.
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 $1,300 to $7,750 with an average monthly rent of $3,038.
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 $1,937 to $4,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,170 to $4,250. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $2,836.
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
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.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.