105 Brackett St
PortlandME04102
Cheap Homes for Rent in Waterfront Neighborhood of Portland, ME from $1,800 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterfront area of Portland.
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.
537 Congress St
PortlandME04101
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.
Showing Results 1-2, Page 1 of 1
Waterfront, Portland, ME Local Guide
How much does it cost to rent a home in Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront 2 Bedroom Homes for Rent | $4,323 | $3,246 | $5,400 |
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Waterfront Neighborhood of Portland, ME.
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Waterfront, Portland, ME Local Guide
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Best Value Apartments for Rent in Waterfront, ME
As of June 23, 2026 the best value apartment in the Waterfront area is the $2.69 price per square foot 2 Bed Model at Summit Terrace in the in the Downtown neighborhood starting from $2,425. The second greatest value Waterfront apartment is the 8 Quebec St Model at 8 Quebec St, Unit 2 starting at $2,411 with a $3.44 price per square foot in the North Deering 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. |
|---|---|---|---|
| Summit Terrace | 2 Bed | 2BR,1BA | $2.69 |
| 8 Quebec St, Unit 2 | 8 Quebec St | 2BR,1BA | $3.44 |
| 204 High St, Unit 204 High Street | 204 High St | 1BR,1BA | $2.86 |
| The Linden | One Bedroom | 1BR,1BA | $2.62 |
| The Casco | The Casco - Little Diamond Island | Studio ,1BA | $6.11 |
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.
Read ArticleQuick Rent Budget Calculator
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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 LifestyleWaterfront, Portland, ME
Ranked #19
Among cities in Maine for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Waterfront
What type of rentals are currently available in Waterfront?
There are currently 233 Apartments for Rent in Waterfront, ME with pricing that ranges from $1,625 to $4,500. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterfront ranging from $1,875 to $5,400.
What is the current price range for Rental Homes in Waterfront?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterfront ranges from $1,875 to $5,400 with an average monthly rent of $2,815.
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
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.