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$1,495 - $1,890Studio to 1 Bedroom Apartments Available Now
117 Lofts
117 Preble StPortland, ME 04101
Cheap Apartments for Rent in the Waterfront Neighborhood of Portland, ME from $800 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Portland.
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$1,625 - $3,0001 to 3 Bedroom Apartments Contact Us For Availability
Island View
151 North StPortland, ME 04101
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$1,799 - $2,5081 to 4 Bedroom Apartments Available Now
The Linden
132 Marginal WayPortland, ME 04101
58 Portland St, Unit 3
58 Portland St
PortlandME04101
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$1,834 - $2,8361 to 4 Bedroom Apartments Contact Us For Availability
Munjoy South Townhouses
27B Mountfort StPortland, ME 04101
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$1,850 - $2,500
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1 Bedroom Apartments Available NowTotal Monthly Price
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$1,850 - $2,500
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$1,850 - $2,500
11 Shepley St
11 Shepley StPortland, ME 04101
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$1,947 - $3,500Studio to 2 Bedroom Apartments Available Now
The Casco
201 Federal StPortland, ME 04101
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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$2,0861 Bedroom Apartment Available Now
29 Turner St, Unit 3
29 Turner StPortland, ME 04101
537 Congress St, Unit 306
537 Congress St
PortlandME04101
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$2,100 - $3,5001 to 3 Bedroom Apartments Available Now
Back Bay Tower
401 Cumberland AvePortland, ME 04101
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$2,300
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2 Bedroom Apartment Available NowTotal Monthly Price
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$2,300
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$2,300
37 Tate St, Unit 1
37 Tate StPortland, ME 04102
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$2,3122 Bedroom Apartment Available Now
8 Quebec St, Unit 1
8 Quebec StPortland, ME 04101
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$2,375
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1 Bedroom Apartment Available NowTotal Monthly Price
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$2,375
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$2,375
612 Congress St, Unit Apt 1
612 Congress StPortland, ME 04101
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$2,400
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2 Bedroom Apartment Available NowTotal Monthly Price
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$2,400
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$2,400
23 Hanover St, Unit 3
23 Hanover StPortland, ME 04101
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.
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1 to 4 Bedroom Apartments
Danforth Heights
48 Salem StPortland, ME 04102
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Studio to 1 Bedroom Apartments
The Metropolitan
439 Congress StPortland, ME 04101
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1 Bedroom Apartments
Old Port Arms
56 Exchange StPortland, ME 04101
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Studio to 2 Bedroom Apartments
Shepley Apartments
18 Casco StPortland, ME 04101
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Studio to 2 Bedroom Apartments
89 Anderson
89 Anderson StPortland, ME 04101
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$2,024 - $2,4942 Bedroom Apartments Contact Us For Availability
Summit Terrace
111 Summit TerSouth Portland, ME 04106
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$2,400
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2 Bedroom Apartment Available May 1Total Monthly Price
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$2,400
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$2,400
68 Broadway, Unit B
68 BroadwaySouth Portland, ME 04106
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.
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Waterfront, Portland, ME Local Guide
How much does it cost to rent an apartment in Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront Studio Apartments | $2,101 | $1,495 | $2,454 |
| Waterfront 1 Bedroom Apartments | $2,426 | $1,625 | $3,500 |
| Waterfront 2 Bedroom Apartments | $2,489 | $1,683 | $3,995 |
| Waterfront 3 Bedroom Apartments | $2,519 | $1,937 | $3,400 |
| Waterfront 4 Bedroom Apartments | $2,836 | $2,836 | $2,836 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Waterfront Neighborhood of Portland, ME.
See all Apartments in PortlandExplore Portland
Waterfront, Portland, ME Local Guide
- Nearby Portland neighborhoods
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Cheapest Available Waterfront Apartments for Rent
The cheapest available apartment rental in the Waterfront area of Portland, ME is a Studio unit found at 117 Lofts priced from $1,495. The Linden has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,799. Here are the most affordable Waterfront apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 117 Lofts | Studio | Studio,1BA | $1,495 |
| The Linden | Studio/Efficiency | 1BR,1BA | $1,799 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $1,850 |
| The Casco | The Casco - Bailey Island | Studio,1BA | $1,970 |
| Back Bay Tower | 2 Bed 1.5 Bath | 2BR,1BA | $2,150 |
Best Value Apartments for Rent in Waterfront, ME
As of April 05, 2026 the best value apartment in the Waterfront area is the $2.27 price per square foot 26 North St Model at 26 North St, Unit 2 in the in the Downtown Portland neighborhood starting from $3,295. The second greatest value Waterfront apartment is the 87 Park St Model at 87 Park St, Unit 87 Park starting at $3,995 with a $3.33 price per square foot in the Downtown Portland neighborhood. Here is today’s list of the best values for Waterfront apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 26 North St, Unit 2 | 26 North St | 2BR,1BA | $2.27 |
| 87 Park St, Unit 87 Park | 87 Park St | 2BR,1BA | $3.33 |
| 37 Tate St, Unit 1 | 37 Tate St | 2BR,1BA | $2.30 |
| Back Bay Tower | 2 Bed 1 Bath | 2BR,1BA | $2.64 |
| 29 Turner St, Unit 3 | 29 Turner St | 1BR,1BA | $2.61 |
| 23 Hanover St, Unit 3 | 23 Hanover St | 2BR,1BA | $3.00 |
| 612 Congress St, Unit Apt 1 | 612 Congress St | 1BR,1BA | $3.39 |
| 8 Quebec St, Unit 1 | 8 Quebec St | 2BR,1BA | $3.30 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $3.70 |
| 117 Lofts | Studio | Studio ,1BA | $3.25 |
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.
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Pet Friendly LifestyleWaterfront, Portland, ME
Ranked #19
Among cities in Maine for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities and towns, and rental properties across Maine, including Portland. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Waterfront Apartments
What is the Cheapest Studio apartment in Waterfront?
Currently the most affordable Cheap Studio Apartment in Waterfront is at 117 Lofts listed at $1,495.
How much is rent for a Cheap One Bedroom Waterfront Apartment?
The lowest price for a Cheap One Bedroom Waterfront Apartment is $1,799 at The Linden.
What is the lowest price for a Cheap Two Bedroom Waterfront Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterfront is starting from $2,150 at Back Bay Tower.
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
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.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.