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$1,566 - $1,700Studio to 1 Bedroom Apartments Available Sep 14
117 Lofts
117 Preble StPortland, ME 04101
Cheap Apartments for Rent in the Waterfront Neighborhood of Portland, ME from $800 (23 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Portland.
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$1,625 - $4,5001 to 3 Bedroom Apartments Available Aug 8
Island View
151 North StPortland, ME 04101
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$1,757 - $3,4001 to 2 Bedroom Apartments Available Now
Back Bay Tower
401 Cumberland AvePortland, ME 04101
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Rent Specials
$1,850 - $2,500
Total Monthly Price
1 Bedroom Apartments Available Sep 1Total Monthly Price
Base Rent
$1,850 - $2,500
Total Monthly Price
$1,850 - $2,500
11 Shepley St
11 Shepley StPortland, ME 04101
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$1,9631 Bedroom Apartment Available Sep 8
29 Turner St, Unit 1
29 Turner StPortland, ME 04101
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Rent Specials
$2,000 - $2,3751 to 4 Bedroom Apartments Available Now
The Linden
132 Marginal WayPortland, ME 04101
537 Congress St
PortlandME04101
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.
55 Myrtle St
PortlandME04101
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$2,296 - $3,605Studio to 1 Bedroom Apartments Available Now
The Casco
201 Federal StPortland, ME 04101
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$2,400
Total Monthly Price
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,400
Total Monthly Price
$2,400
33 Atlantic St
33 Atlantic StPortland, ME 04101
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$2,4112 Bedroom Apartment Available Now
8 Quebec St, Unit 2
8 Quebec StPortland, ME 04101
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$2,627Studio Apartments Available Now
46 Market St
46 Market StPortland, ME 04101
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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
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.
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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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1 to 4 Bedroom Apartments
Munjoy South Townhouses
27B Mountfort StPortland, ME 04101
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Studio to 2 Bedroom Apartments
89 Anderson
89 Anderson StPortland, ME 04101
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$2,207 - $2,6722 Bedroom Apartments Available Now
Summit Terrace
111 Summit TerSouth Portland, ME 04106
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$2,400
Total Monthly Price
2 Bedroom Apartment Available NowTotal Monthly Price
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$2,400
Total Monthly Price
$2,400
177 School St, Unit 177 School St.
177 School StSouth Portland, ME 04106
204 High St
South PortlandME04106
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
71 Preble St
South PortlandME04106
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1 to 2 Bedroom Apartments
Riverplace
1 RiverPlace DrSouth Portland, ME 04106
Showing Results 1-23, Page 1 of 1
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 | $2,226 | $1,635 | $2,627 |
| Waterfront 1 Bedroom Apartments | $2,346 | $1,625 | $3,605 |
| Waterfront 2 Bedroom Apartments | $2,290 | $1,683 | $2,846 |
| Waterfront 3 Bedroom Apartments | $2,485 | $1,937 | $4,500 |
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 23 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 1 Bed unit found at The Linden priced from $2,000. Summit Terrace has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,268. Here are the most affordable Waterfront apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Linden | One Bedroom | 1BR,1BA | $2,000 |
| Summit Terrace | 2 Bed | Balcony + Washer/Dryer | 2BR,1BA | $2,268 |
| The Casco | The Casco - Back Bay | Studio,1BA | $2,322 |
| 46 Market St | Studio | Studio,1BA | $2,627 |
Best Value Apartments for Rent in Waterfront, ME
As of July 26, 2026 the best value apartment in the Waterfront area is the $2.50 price per square foot Studio Model at 46 Market St in the in the Downtown Portland neighborhood starting from $2,627. The second greatest value Waterfront apartment is the 2 Bed | Balcony + Washer/Dryer Model at Summit Terrace starting at $2,268 with a $2.39 price per square foot in the South 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. |
|---|---|---|---|
| 46 Market St | Studio | Studio ,1BA | $2.50 |
| Summit Terrace | 2 Bed | Balcony + Washer/Dryer | 2BR,1BA | $2.39 |
| 177 School St, Unit 177 School St. | 177 School St | 2BR,1.5BA | $2.74 |
| 33 Atlantic St | 33 Atlantic St | 1BR,1BA | $3.20 |
| 8 Quebec St, Unit 2 | 8 Quebec St | 2BR,1BA | $3.44 |
| The Linden | Two Bedroom | 2BR,1BA | $3.26 |
| The Casco | The Casco - Little Diamond Island | Studio ,1BA | $6.04 |
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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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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Pet Friendly LifestyleWaterfront, Portland, ME
Ranked #16
Among cities in Maine for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet 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 The Casco listed at $2,322.
How much is rent for a Cheap One Bedroom Waterfront Apartment?
The lowest price for a Cheap One Bedroom Waterfront Apartment is $2,000 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 $2,175 at The Linden.
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.