103 Harpswell Rd
BrunswickME04011
Cheap Homes for Rent in Peaks Island, ME from $600 (7 Rentals)
Search the lowest-cost Homes available for rent right now in Peaks Island.
140 Main St
BiddefordME04005
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.
6 Sunset Dr
Old Orchard BeachME04064
148 Main St
BiddefordME04005
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.
46 E Grand Ave
Old Orchard BeachME04064
689 Oak Hill Rd
StandishME04084
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.
106 Granite St
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 a home in Peaks Island?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peaks Island 2 Bedroom Homes for Rent | $2,307 | $1,450 | $3,500 |
| Peaks Island 3 Bedroom Homes for Rent | $3,570 | $3,000 | $4,200 |
| Peaks Island 4 Bedroom Homes for Rent | $4,440 | $3,000 | $6,000 |
| Peaks Island 5 Bedroom Homes for Rent | $3,950 | $3,950 | $3,950 |
Browse Top Homes for Rent in Peaks Island
Explore 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 1 Bed unit found at Redbank Village in the Oakdale neighborhood priced from $1,874. The Casco in the Downtown Portland neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,951. Here is today’s list of the most affordable Peaks Island apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Redbank Village | The Kennebunk | 1BR,1BA | $1,874 |
| The Casco | The Casco - Back Cove | Studio,1BA | $1,951 |
| Hackamore North Apartments | Coburn | 1BR,1BA | $1,985 |
Best Value Apartments for Rent in Peaks Island, ME and Nearby
As of May 11, 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 2 Bedroom 1 Bath BSF Model at Blue Spruce Farm Apartments starting at $2,395 with a $2.53 price per square foot in the Riverton neighborhood. 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 |
| Blue Spruce Farm Apartments | 2 Bedroom 1 Bath BSF | 2BR,1BA | $2.53 |
| Carrier Woods Apartments | 2 Bedroom 1 Bath Carrier | 2BR,1BA | $2.60 |
| Hayloft Apartments | Pleasant Hill | 2BR,1BA | $2.72 |
| Liberty Commons | THE KENNEDY | 1BR,1BA | $2.91 |
| North Village Apartments | One Bed | 1BR,1BA | $2.93 |
| Foreside Estates | The Beacon | 1BR,1BA | $3.10 |
| Autumn Woods Apartments | 1 Bedroom Autumn Woods | 1BR,1BA | $2.70 |
| Hackamore Place Apartments at the Downs | Willard | 1BR,1BA | $2.87 |
| 645 Congress Apartments | 1 Bedroom | 1BR,1BA | $3.03 |
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Frequently Asked Questions about Peaks Island
What type of rentals are currently available in Peaks Island?
There are currently 37 Apartments for Rent in Peaks Island, ME with pricing that ranges from $1,174 to $5,480. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Peaks Island ranging from $670 to $6,000.
What is the current price range for Rental Homes in Peaks Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Peaks Island ranges from $670 to $6,000 with an average monthly rent of $3,201.
How much are larger Three and Four Bedroom Rentals in Peaks Island?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Peaks Island range from $2,175 to $4,400, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,000 to $4,200. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $2,836.
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.