
Cheap Apartments for Rent in Prospect, ME from $600 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in Prospect.


Mountain View Apartments

24 Merrimac St

Total Monthly Price
646 Main Rd N

16 Park St

90 Elm St

Hathaway Creative Center

Bradford Commons
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.

Appleton Apartments

16 West St

25 Winter St

3 King Ct

Total Monthly Price
1374 Bucksport Rd

24 Wenbelle Dr, Unit 423

17 George St

53 Water St
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.

64 Second St, Unit #1

77 North St

20 N Park St

Lombard Estate

Orchard Park Apartments

Cedarwoods Apartments

22 Harriman Cove Rd

2 Elm St
Cash 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.

Stillwater Village Apartments

24 Wenbelle Dr, Unit 424

347 Ridge Road

6-8 Union St

25 Austin Dr

51 Glenwood Dr

95 Main St

23 Clinton Ave
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.

1337 Hammond St

26 Brooklyn Heights Rd
Prospect, ME Local Guide

How much does it cost to rent an apartment in Prospect?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Prospect Studio Apartments | $1,026 | $995 | $1,070 |
| Prospect 1 Bedroom Apartments | $1,421 | $850 | $2,550 |
| Prospect 2 Bedroom Apartments | $1,579 | $1,000 | $3,000 |
| Prospect 3 Bedroom Apartments | $1,879 | $1,600 | $2,650 |
| Prospect 4 Bedroom Apartments | $724 | $689 | $759 |
Browse Top Apartments in Prospect
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Prospect, ME Local Guide
- Nearby Cities
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Cheapest Available Prospect Apartments for Rent and Nearby
 The cheapest available apartment rental in Prospect, ME is a 1 Bed unit found at Mountain View Apartments priced from $850. Appleton Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here is today’s list of the most affordable Prospect apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mountain View Apartments | 1x1 | 1BR,1BA | $850 |
| Appleton Apartments | Studio | Studio,1BA | $1,050 |
| 23 Clinton Ave | 1 Bedroom | 1BR,1BA | $1,250 |
| Lombard Estate | 1 Bedroom | 1BR,1BA | $1,300 |
| Orchard Park Apartments | 1 Bedroom | 1BR,1BA | $1,325 |
| Cedarwoods Apartments | 2 Bedroom (units 65-88) | 2BR,1BA | $1,375 |
| 95 Park Street Apartments | Two Bedroom | 2BR,1BA | $1,650 |
| The Block | Renovated | 2BR,1BA | $1,680 |
| Old County Estates | Apartment | 2BR,1BA | $1,695 |
| 74 Mill St | 1-Bedroom | 1BR,2BA | $1,700 |
Best Value Apartments for Rent in Prospect, ME and Nearby
As of June 12, 2026 the best value apartment in the Prospect area is the $1.12 price per square foot Renovated Model at The Block in the starting from $1,680. The second greatest value Prospect apartment is the 3 Bedroom, 3 Bath Model at The Reserve at Orono starting at $729 with a $0.61 price per square foot . Here is today’s list of the best values for Prospect apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Block | Renovated | 2BR,1BA | $1.12 |
| The Reserve at Orono | 3 Bedroom, 3 Bath | 3BR,3BA | $0.61 |
| Orchard Trails | 4x2 | 4BR,2BA | $0.62 |
| Old County Estates | Apartment | 2BR,1.5BA | $1.54 |
| Lombard Estate | 3 Bedroom | 3BR,2BA | $1.75 |
| Exchange Block | 1BR/1.0BA | 1BR,1BA | $2.17 |
| 95 Park Street Apartments | Two Bedroom | 2BR,1BA | $1.94 |
| Cedarwoods Apartments | 2 Bedroom (units 89-112) | 2BR,1BA | $1.75 |
| Orchard Park Apartments | 1 Bedroom | 1BR,1BA | $1.89 |
| 23 Clinton Ave | 1 Bedroom | 1BR,1BA | $1.92 |
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 ArticleReal 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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How much rent can you afford?
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Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Prospect, ME Rentals by Map
See the most popular apartments and homes in Prospect, ME
Frequently Asked Questions about Cheap Prospect Apartments
How much is rent for a Cheap One Bedroom Prospect Apartment?
The lowest price for a Cheap One Bedroom Prospect Apartment is $850 at Mountain View Apartments.
What is the lowest price for a Cheap Two Bedroom Prospect Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Prospect is starting from $1,025 at Mountain View Apartments.
What is the most affordable Prospect Three Bedroom Apartment?
The best deal on a cheap Prospect Three Bedroom Apartment rental is at Lombard Estate and starts from $1,750.
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

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.