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from $1,174Studio to 3 Bedroom Apartments Contact Us For Availability
Princeton Pines
1375 Forest AvePortland, ME 04103
Cheap Apartments for Rent in Peaks Island, ME from $1,100 (16 Rentals)
Search the lowest-cost Apartments available for rent right now in Peaks Island.
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from $1,195Studio to 2 Bedroom Apartments Contact Us For Availability
Olde English Village Apartments
503 Westbrook StSouth Portland, ME 04106
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from $1,5531 to 2 Bedroom Apartments Contact Us For Availability
Princeton on Back Cove
100 Forest ParkPortland, ME 04101
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from $1,695Studio to 1 Bedroom Apartments Available Now
The Lofts @ 225
225 Innovation WayScarborough, ME 04074
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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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from $1,7091 to 3 Bedroom Apartments Contact Us For Availability
Island View Apartments
151 North StPortland, ME 04101
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from $1,8001 to 3 Bedroom Apartments Contact Us For Availability
Back Bay Tower
401 Cumberland AvePortland, ME 04101
103 Harpswell Rd
BrunswickME04011
148 Main St
BiddefordME04005
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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.
140 Main St
BiddefordME04005
6 Sunset Dr
Old Orchard BeachME04064
46 E Grand Ave
Old Orchard BeachME04064
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106 Granite St
BiddefordME04005
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.
54 Briarwood Dr
BiddefordME04005
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Peaks Island, ME Local Guide
Sunset on the Bay by Christopher Paretti is licensed under CC BY 2.0
How much does it cost to rent an apartment in Peaks Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peaks Island Studio Apartments | $2,055 | $1,174 | $2,420 |
| Peaks Island 1 Bedroom Apartments | $2,230 | $1,367 | $3,305 |
| Peaks Island 2 Bedroom Apartments | $2,585 | $1,700 | $5,580 |
| Peaks Island 3 Bedroom Apartments | $3,058 | $2,175 | $4,400 |
| Peaks Island 4 Bedroom Apartments | $2,836 | $2,836 | $2,836 |
Browse Top Apartments in Peaks Island
See all Apartments in Peaks IslandExplore Peaks Island
Peaks Island, ME Local Guide
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Cheapest Available Peaks Island Apartments for Rent and Nearby
The cheapest available apartment rental in Peaks Island, ME is a Studio unit found at The Lofts @ 225 priced from $1,695. Redbank Village in the Oakdale neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,874. Here is today’s list of the most affordable Peaks Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Lofts @ 225 | Studio | Studio,1BA | $1,695 |
| Redbank Village | The Kennebunk | 1BR,1BA | $1,874 |
| Hackamore North Apartments | Coburn | 1BR,1BA | $1,985 |
| Island View | 1 Bedroom Island View | 1BR,1BA | $1,995 |
| Autumn Woods Apartments | 1 Bedroom Autumn Woods | 1BR,1BA | $1,995 |
Best Value Apartments for Rent in Peaks Island, ME and Nearby
As of May 14, 2025 the best value apartment in the Peaks Island area is the $2.32 price per square foot 2BR Balcony Model at Summit Terrace in the in the Downtown Portland neighborhood starting from $2,207. The second greatest value Peaks Island apartment is the Cumberland ADA Model at Cumberland Foreside Village Apartments starting at $2,095 with a $2.21 price per square foot . Here is today’s list of the best values for Peaks Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Summit Terrace | 2BR Balcony | 2BR,1BA | $2.32 |
| Cumberland Foreside Village Apartments | Cumberland ADA | 1BR,1BA | $2.21 |
| Blue Spruce Farm Apartments | 2 Bedroom 1 Bath BSF | 2BR,1BA | $2.53 |
| Waterside Apartments | 2 Bedroom 1 Bath Waterside | 2BR,1BA | $2.53 |
| Hayloft Apartments | Pleasant Hill | 2BR,1BA | $2.72 |
| Liberty Commons | THE KENNEDY | 1BR,1BA | $3.01 |
| North Village Apartments | One Bed | 1BR,1BA | $2.93 |
| Island View | 1 Bedroom Island View | 1BR,1BA | $2.70 |
| Autumn Woods Apartments | 1 Bedroom Autumn Woods | 1BR,1BA | $2.70 |
| Hackamore Place Apartments at the Downs | Willard | 1BR,1BA | $2.87 |
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See the most popular apartments and homes in Peaks Island, ME
Peaks Island, ME Apartments MapPeaks Island, ME Rental Homes MapFrequently Asked Questions about Cheap Peaks Island Apartments
What is the Cheapest Studio apartment in Peaks Island?
Currently the most affordable Cheap Studio Apartment in Peaks Island is at The Lofts @ 225 listed at $1,695.
How much is rent for a Cheap One Bedroom Peaks Island Apartment?
The lowest price for a Cheap One Bedroom Peaks Island Apartment is $1,874 at Redbank Village.
What is the lowest price for a Cheap Two Bedroom Peaks Island Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Peaks Island is starting from $2,155 at Redbank Village.
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.
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.
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.
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.
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.