48 State St, Unit 4
48 State St
PortlandME04101
Cheap Homes for Rent in Waterfront Neighborhood of Portland, ME from $2,000 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterfront area of Portland.
16 Grand St
South PortlandME04106
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.
10 Exchange St, Unit 303
10 Exchange St
PortlandME04101
25 High St, Unit 307
25 High St
PortlandME04101
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.
9 Mayo St, Unit Apartment #1
9 Mayo St
PortlandME04101
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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 | $4,251 | $2,300 | $10,000+ |
| Waterfront 3 Bedroom Homes for Rent | $17,500 | $10,000 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 5 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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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 $1,589. 11 Shepley St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,850. Here are the most affordable Waterfront apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Linden | Studio/Efficiency | 1BR,1BA | $1,589 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $1,850 |
| 117 Lofts | 1 Bedroom | 1BR,1BA | $1,975 |
Best Value Apartments for Rent in Waterfront, ME
As of November 01, 2025 the best value apartment in the Waterfront area is the $1.52 price per square foot Three Bedroom Townhouse Model at Island View Apartments in the in the North Deering neighborhood starting from $2,950. The second greatest value Waterfront apartment is the 28 E Oxford St Model at 28 E Oxford St, Unit 28 Oxford St starting at $2,750 with a $2.40 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. |
|---|---|---|---|
| Island View Apartments | Three Bedroom Townhouse | 3BR,2BA | $1.52 |
| 28 E Oxford St, Unit 28 Oxford St | 28 E Oxford St | 2BR,1BA | $2.40 |
| 438 Fore St, Unit 3A | 438 Fore St | 2BR,1BA | $2.50 |
| 18 South St, Unit #2 | 18 South St | 2BR,1BA | $2.11 |
| Back Bay Tower | 2 Bed 2 Bath | 2BR,2BA | $2.11 |
| 89 Anderson | 89 Anderson 2BD Plan B | 2BR,1BA | $3.22 |
| Summit Terrace | 2 Bedroom | 2BR,1BA | $2.38 |
| 126 Spring St, Unit 2 | 126 Spring St | Studio ,1BA | $2.85 |
| 92 Danforth St, Unit 3.0 | 92 Danforth St | 1BR,1BA | $3.20 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $3.70 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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 ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleWaterfront, Portland, ME
Ranked #17
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 $1,565 to $4,500. There are also 14 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterfront ranging from $2,000 to $17,500.
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 $2,000 to $17,500 with an average monthly rent of $6,537.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.