Cheap Apartments for Rent in Old Town, ME from $500 (11 Rentals)

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Search the lowest-cost Apartments available for rent right now in Old Town.

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Old Town, ME Local Guide

Cheapest Available Old Town Apartments for Rent

 

The cheapest available apartment rental in Old Town, ME is a 2 Beds unit found at Cedarwoods Apartments in the Downtown Bangor neighborhood priced from $1,325. Mayo Mill has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,675. Here is today’s list of the most affordable Old Town apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cedarwoods Apartments2 Bedroom (units 9-64)2BR,1BA$1,325
Mayo MillB1122BR,1BA$1,675
Tower 991 bed1BR,1BA$2,000

Best Value Apartments for Rent in Old Town, ME

As of May 15, 2025 the best value apartment in the Old Town area is the $1.34 price per square foot B112 Model at Mayo Mill in the starting from $1,675. The second greatest value Old Town apartment is the 3 Bedroom, 3 Bath Model at The Reserve at Orono starting at $869 with a $0.72 price per square foot . Here is today’s list of the best values for Old Town apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Mayo MillB1122BR,1BA$1.34
The Reserve at Orono3 Bedroom, 3 Bath3BR,3BA$0.72
210 Center St, Unit 2210 Center St2BR,1BA$1.28
351 Broadway, Unit 351 Broadway351 Broadway2BR,1BA$1.80
82 4th St, Unit 282 4th St1BR,1BA$1.50
14 Willow St, Unit 214 Willow St2BR,1BA$1.40
291 Brunswick St, Unit 2291 Brunswick St1BR,1BA$1.80
Cedarwoods Apartments2 Bedroom (units 89-112)2BR,1BA$1.72
Tower 991 bed1BR,1BA$2.67
553 Main St, Unit C553 Main St2BR,1BA$1.67

Quick Rent Budget Calculator

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Best Local Schools in
Old Town, ME

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See the most popular apartments and homes in Old Town, ME

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Getting Around Old Town, ME

Walk Score®

39 / 100

Car-Dependent

Most errands require a car

Bike Score®

51 / 100

Bikeable

Some bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Old Town Apartments

How much is rent for a Cheap One Bedroom Old Town Apartment?

The lowest price for a Cheap One Bedroom Old Town Apartment is $2,000 at Tower 99.

What is the lowest price for a Cheap Two Bedroom Old Town Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Old Town is starting from $1,325 at Cedarwoods Apartments.

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.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.