43 Main St
RaymondME04071
Cheap Homes for Rent near Peaks Island, ME from $1,400 (11 Rentals)
Search the lowest-cost Homes available for rent right now in Peaks Island.
104 Knox St
LewistonME04240
34 Washington Ave
Old Orchard BeachME04064
79 Birch St
LewistonME04240
10 Friend St
KennebunkME04043
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
58 River St
LewistonME04240
40 Claman Dr
WindhamME04062
158 Temple Ave
Old Orchard BeachME04064
37 Westwood Rd
GrayME04039
60 Parris St
PortlandME04101
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
105 E Grand Ave
Old Orchard BeachME04064
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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 | $2,679 | $1,500 | $5,000 |
| Peaks Island 3 Bedroom Homes for Rent | $3,487 | $1,450 | $9,500 |
| Peaks Island 4 Bedroom Homes for Rent | $2,850 | $1,600 | $4,200 |
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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 2 Beds unit found at Forest Glen Apartments in the North Deering neighborhood priced from $1,775. Olde English Village Apartments in the South Portland neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,895. Here is today’s list of the most affordable Peaks Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $1,775 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1,895 |
| Foxcroft Apartments, LLC | Fennec | 2BR,1BA | $1,900 |
| North Village Apartments | Studio | Studio,1BA | $1,950 |
| The Linden | One Bedroom | 1BR,1BA | $2,000 |
Best Value Apartments for Rent in Peaks Island, ME and Nearby
As of July 28, 2026 the best value apartment in the Peaks Island area is the $2.50 price per square foot 12 White Birth Ln #24 Model at Birchlane in the in the North Deering neighborhood starting from $3,000. The second greatest value Peaks Island apartment is the Studio Model at 46 Market St starting at $2,627 with a $2.50 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. |
|---|---|---|---|
| Birchlane | 12 White Birth Ln #24 | 3BR,2BA | $2.50 |
| 46 Market St | Studio | Studio ,1BA | $2.50 |
| Summit Terrace | 2 Bed | Balcony + Washer/Dryer | 2BR,1BA | $2.39 |
| Foxcroft Apartments, LLC | Swift | 2BR,1.5BA | $2.05 |
| Olde English Village Apartments | Two Bedroom Executive | 2BR,1BA | $1.99 |
| Waterside Apartments | 2 Bedroom 1 Bath Waterside | 2BR,1BA | $2.63 |
| Island View | 2 Bedroom Island View | 2BR,1BA | $2.63 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $2.09 |
| Foreside Estates | The Beacon | 1BR,1BA | $2.70 |
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.
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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 49 Apartments for Rent in Peaks Island, ME with pricing that ranges from $1,174 to $4,500. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peaks Island ranging from $1,400 to $9,500.
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 $1,400 to $9,500 with an average monthly rent of $2,489.
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
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
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.