Cheap Apartments for Rent in the Waterfront Neighborhood of Portland, ME from $800 (72 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waterfront area of Portland.

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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Shepley Apartments
Studio Apartments

Shepley Apartments

18 Casco StPortland, ME 04101
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The Metropolitan
Studio to 1 Bedroom Apartments

The Metropolitan

439 Congress StPortland, ME 04101
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11 Shepley St
1 Bedroom Apartments

11 Shepley St

11 Shepley StPortland, ME 04101
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50 Monument Sq
1 Bedroom Apartments

50 Monument Sq

50 Monument SqPortland, ME 04101
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Mason Block
2 to 3 Bedroom Apartments

Mason Block

62 India StPortland, ME 04101
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25 High St
1 to 3 Bedroom Apartments

25 High St

25 High StPortland, ME 04101
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185 Fore St
2 to 3 Bedroom Apartments

185 Fore St

185 Fore StPortland, ME 04101
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89 Anderson
Studio to 2 Bedroom Apartments

89 Anderson

89 Anderson StPortland, ME 04101
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Baxter Place
1 Bedroom Apartments

Baxter Place

305 Commercial StPortland, ME 04101
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59 State St
1 Bedroom Apartments

59 State St

59 State StPortland, ME 04101
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152 Cumberland Ave
1 to 2 Bedroom Apartments

152 Cumberland Ave

152 Cumberland AvePortland, ME 04101
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26 Anderson St
2 Bedroom Apartments

26 Anderson St

26 Anderson StPortland, ME 04101

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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Elm Terrace
Studio to 2 Bedroom Apartments

Elm Terrace

68 High StPortland, ME 04101
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255 Oxford St
1 to 3 Bedroom Apartments

255 Oxford St

255 Oxford StPortland, ME 04101
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10 Exchange St
1 to 2 Bedroom Apartments

10 Exchange St

10 Exchange StPortland, ME 04101
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The Bay House
1 to 3 Bedroom Apartments

The Bay House

15 Middle StPortland, ME 04101
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14 Cleeve St
3 Bedroom Apartments

14 Cleeve St

14 Cleeve StPortland, ME 04101
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Munjoy Commons
Studio to 1 Bedroom Apartments

Munjoy Commons

56 North StPortland, ME 04101

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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1 North St
1 Bedroom Apartments

1 North St

1 North StPortland, ME 04101
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Daymark Condos
1 to 2 Bedroom Apartments

Daymark Condos

75 Chestnut StPortland, ME 04101
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11-15 Hanover St
1 to 3 Bedroom Apartments

11-15 Hanover St

11-15 Hanover StPortland, ME 04101
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229 Congress St
1 Bedroom Apartments

229 Congress St

229 Congress StPortland, ME 04101
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Bayside Terrace
2 to 3 Bedroom Apartments

Bayside Terrace

1 Bayside TerPortland, ME 04101
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13 Atlantic St
2 Bedroom Apartments

13 Atlantic St

13 Atlantic StPortland, ME 04101

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.

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Danforth Heights
1 to 4 Bedroom Apartments

Danforth Heights

48 Salem StPortland, ME 04102
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65 High St
1 to 2 Bedroom Apartments

65 High St

65 High StPortland, ME 04101
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5 India St
1 Bedroom Apartments

5 India St

5 India StPortland, ME 04101
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77-79 Congress St
1 Bedroom Apartments

77-79 Congress St

77-79 Congress StPortland, ME 04101
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Casco Terrace
1 to 2 Bedroom Apartments

Casco Terrace

41 State StPortland, ME 04101
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91 State St
Studio to 1 Bedroom Apartments

91 State St

91 State StPortland, ME 04101
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Kennedy Park
2 to 6 Bedroom Apartments

Kennedy Park

1 Kennedy ParkPortland, ME 04101
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Carleton Court
1 to 3 Bedroom Apartments

Carleton Court

145 Spring StPortland, ME 04101
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41 Chestnut St
3 Bedroom Apartments

41 Chestnut St

41 Chestnut StPortland, ME 04101
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Bayside Anchor
2 Bedroom Apartments

Bayside Anchor

47 Boyd StPortland, ME 04101
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113 Newbury St
1 to 3 Bedroom Apartments

113 Newbury St

113 Newbury StPortland, ME 04101

Waterfront, Portland, ME Local Guide

Cheapest Available Waterfront Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
The CascoThe Casco - Deer IsleStudio,1BA$1,951

Quick 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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Pet Friendly Lifestyle
Waterfront, Portland, ME

Ranked #16

Among neighborhoods in Portland, ME for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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!

Getting Around the Waterfront Neighborhood in Portland, ME

Walk Score®

92 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

82 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

51 / 100

Good Transit

Many nearby public transportation options

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 The Casco listed at $1,951.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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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.