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$850 - $1,0251 to 2 Bedroom Apartments Available Now
Mountain View Apartments
50 Mountain AveFairfield, ME 04937
Cheap Apartments for Rent in Penobscot, ME from $600 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in Penobscot.
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$1,000 - $1,0502 Bedroom Apartments Contact Us For Availability
Bradford Commons
201 Husson AveBangor, ME 04401
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$1,000 - $1,070Studio Apartments Available Jan 1, 2027
Hathaway Creative Center
10 Water StWaterville, ME 04901
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$1,050 - $1,225Studio to 2 Bedroom Apartments Available Now
Appleton Apartments
13 Hathaway StWaterville, ME 04901
30 Park Dr
CanaanME04924
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$1,122 - $1,9942 Bedroom Apartments Available Now
Mayo Mill
5 E Main StDover Foxcroft, ME 04426
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.
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$1,145 - $1,3952 Bedroom Apartments Available Now
25 Austin Dr
25 Austin DrOrono, ME 04473
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$1,2251 to 2 Bedroom Apartments Available Apr 30
Summerhaven Apartments
1020 Summerhaven RdAugusta, ME 04330
37 Pheasant Hill Trailer Park
MilfordME04461
30 Exeter Rd
CorinthME04427
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$1,325 - $1,5751 to 2 Bedroom Apartments Available Now
Orchard Park Apartments
21 Crestwood DrWaterville, ME 04901
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$1,325 - $1,4001 to 2 Bedroom Apartments Available Now
Cedarwoods Apartments
818-830 Ohio StBangor, ME 04401
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.
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$1,375 - $1,7751 to 3 Bedroom Apartments Contact Us For Availability
Stillwater Village Apartments
13 Centre DrOrono, ME 04473
681 Main Rd N
HampdenME04444
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Studio to 3 Bedroom Apartments
347 Ridge Road
347 Ridge RoadFairfield, ME 04937
62 Main St
DexterME04930
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1 to 3 Bedroom Apartments
6-8 Union St
6-8 Union StWaterville, ME 04901
13 Center St
WatervilleME04901
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
51 Glenwood Dr
BangorME04401
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1 to 2 Bedroom Apartments
Riverview - Maine
16 Penobscot StAugusta, ME 04330
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1 to 3 Bedroom Apartments
23 Clinton Ave
23 Clinton AveWinslow, ME 04901
1343 Ohio St
BangorME04401
110 Silver St
WatervilleME04901
1337 Hammond St
BangorME04401
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.
6 Osborne St
FairfieldME04937
Showing Results 1-25, Page 1 of 1
Penobscot, ME Local Guide
Lobster roll by Lachlan Hardy is licensed under CC BY 2.0
How much does it cost to rent an apartment in Penobscot?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Penobscot Studio Apartments | $1,245 | $1,000 | $1,650 |
| Penobscot 1 Bedroom Apartments | $1,773 | $850 | $2,550 |
| Penobscot 2 Bedroom Apartments | $1,975 | $985 | $3,195 |
| Penobscot 3 Bedroom Apartments | $1,789 | $875 | $2,750 |
| Penobscot 4 Bedroom Apartments | $732 | $654 | $890 |
Browse Top Apartments in Penobscot
See all Apartments in PenobscotExplore Penobscot
Penobscot, ME Local Guide
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Cheapest Available Penobscot Apartments for Rent and Nearby
The cheapest available apartment rental in Penobscot, ME is a 1 Bed unit found at Mountain View Apartments priced from $850. Appleton Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here is today’s list of the most affordable Penobscot apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mountain View Apartments | 1x1 | 1BR,1BA | $850 |
| Appleton Apartments | Studio | Studio,1BA | $1,050 |
| Mayo Mill | 2BR | 2BR,2BA | $1,122 |
| 25 Austin Dr | 60 Ft | 2BR,1BA | $1,145 |
| Riverview - Maine | 1 Bedroom | 1BR,1BA | $1,225 |
Best Value Apartments for Rent in Penobscot, ME and Nearby
As of April 27, 2026 the best value apartment in the Penobscot area is the $1.15 price per square foot Renovated with Private Patio Model at The Block in the starting from $1,730. The second greatest value Penobscot apartment is the 3 Bedroom, 3 Bath Model at The Reserve at Orono starting at $769 with a $0.64 price per square foot . Here is today’s list of the best values for Penobscot apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Block | Renovated with Private Patio | 2BR,1BA | $1.15 |
| The Reserve at Orono | 3 Bedroom, 3 Bath | 3BR,3BA | $0.64 |
| Alfond Village | 2 Bedroom | 2BR,1.5BA | $1.44 |
| Orchard Trails | 4x2 | 4BR,2BA | $0.58 |
| Old County Estates | Apartment | 2BR,1.5BA | $1.54 |
| Mayo Mill | 2BR | 2BR,2BA | $1.06 |
| 25 Austin Dr | 60 Ft | 2BR,1BA | $1.35 |
| Cedarwoods Apartments | 2 Bedroom (units 9-64) | 2BR,1BA | $1.73 |
| Orchard Park Apartments | 1 Bedroom | 1BR,1BA | $1.89 |
| Riverview - Maine | 1 Bedroom | 1BR,1BA | $1.88 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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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Explore Penobscot, ME Rentals by Map
See the most popular apartments and homes in Penobscot, ME
Frequently Asked Questions about Cheap Penobscot Apartments
How much is rent for a Cheap One Bedroom Penobscot Apartment?
The lowest price for a Cheap One Bedroom Penobscot Apartment is $850 at Mountain View Apartments.
What is the lowest price for a Cheap Two Bedroom Penobscot Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Penobscot is starting from $1,025 at Mountain View Apartments.
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
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.
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.