537 Congress St, Unit 409
537 Congress St
PortlandME04101
Cheap Homes for Rent in Waterfront Neighborhood of Portland, ME from $2,900 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterfront area of Portland.
15 Brown St, Unit 204
15 Brown 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.
167 Newbury St, Unit 206
167 Newbury St
PortlandME04101
241 Cumberland Ave, Unit Luxury Downtown Furnished
241 Cumberland Ave
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.
21 Chestnut 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 | $5,082 | $2,905 | $10,000+ |
| Waterfront 3 Bedroom Homes for Rent | $18,500 | $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 Studio unit found at 117 Lofts priced from $1,571. The Linden has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,758. 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 | $1,571 |
| The Linden | One Bedroom | 1BR,1BA | $1,758 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $1,850 |
Best Value Apartments for Rent in Waterfront, ME
As of February 05, 2026 the best value apartment in the Waterfront area is the $2.59 price per square foot 482 Congress St Model at 482 Congress St, Unit 305 in the in the Downtown Portland neighborhood starting from $3,595. The second greatest value Waterfront apartment is the 2 Bed 1 Bath Model at Back Bay Tower starting at $2,100 with a $2.31 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. |
|---|---|---|---|
| 482 Congress St, Unit 305 | 482 Congress St | 1BR,1.5BA | $2.59 |
| Back Bay Tower | 2 Bed 1 Bath | 2BR,1BA | $2.31 |
| Summit Terrace | 2 Bed | 2BR,1BA | $2.38 |
| 8 Quebec St, Unit 1 | 8 Quebec St | 2BR,1BA | $3.30 |
| 31 State St, Unit B | 31 State St | 1BR,1BA | $2.18 |
| 147 Pearl St, Unit 7 | 147 Pearl St | 1BR,1BA | $2.83 |
| 126 Spring St, Unit 2 | 126 Spring St | Studio ,1BA | $2.85 |
| 11 Locust St, Unit G | 11 Locust St | 1BR,1BA | $2.95 |
| 11 Shepley St | 1Bedroom | 1BR,1BA | $3.70 |
| 117 Lofts | Studio | Studio ,1BA | $4.07 |
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 Article
The 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 ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
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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
3.5Pet Friendly
Frequently Asked Questions about Waterfront
What type of rentals are currently available in Waterfront?
There are currently 232 Apartments for Rent in Waterfront, ME with pricing that ranges from $1,450 to $3,600. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterfront ranging from $2,905 to $18,500.
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 $2,905 to $18,500 with an average monthly rent of $9,027.
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
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.
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.