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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 the Waterfront Neighborhood of Portland, ME from $800 (6 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Portland.
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from $1,5531 to 2 Bedroom Apartments Contact Us For Availability
Princeton on Back Cove
100 Forest ParkPortland, ME 04101
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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Waterfront, Portland, ME Local Guide
How much does it cost to rent an apartment in Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront Studio Apartments | $2,094 | $1,174 | $2,420 |
| Waterfront 1 Bedroom Apartments | $2,298 | $1,367 | $3,305 |
| Waterfront 2 Bedroom Apartments | $2,614 | $1,727 | $5,480 |
| Waterfront 3 Bedroom Apartments | $3,250 | $2,175 | $4,400 |
| Waterfront 4 Bedroom Apartments | $2,836 | $2,836 | $2,836 |
Browse Apartments in this Neighborhood
There are currently 6 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 The Casco priced from $1,951. The Armature has the second lowest priced unit, which is a Studio apartment currently listed from $2,030. Here are the most affordable Waterfront apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Casco | The Casco - Back Cove | Studio,1BA | $1,951 |
| The Armature | Studio Floor Plan A | Studio,1BA | $2,030 |
| Summit Terrace | 2BR Balcony | 2BR,1BA | $2,207 |
Best Value Apartments for Rent in Waterfront, ME
As of May 12, 2025 the best value apartment in the Waterfront area is the $1.24 price per square foot 537 Congress St Model at 537 Congress St, Unit 504 in the in the Downtown Portland neighborhood starting from $3,925. The second greatest value Waterfront apartment is the 2BR Balcony Model at Summit Terrace starting at $2,207 with a $2.32 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. |
|---|---|---|---|
| 537 Congress St, Unit 504 | 537 Congress St | 2BR,1BA | $1.24 |
| Summit Terrace | 2BR Balcony | 2BR,1BA | $2.32 |
| 49 Quebec St, Unit 2 | 49 Quebec St | 2BR,1BA | $2.71 |
| The Armature | Studio Floor Plan A | Studio ,1BA | $4.62 |
| The Casco | The Casco - Bailey Island | Studio ,1BA | $5.43 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleWaterfront, Portland, ME
Ranked #14
Among neighborhoods in Portland, ME for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving.com is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities and towns, and rental properties across Maine, including Portland. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Waterfront Neighborhood in Portland, ME
Walk Score®
92 / 100
Walker’s Paradise
Daily errands do not require a car
Bike Score®
82 / 100
Very Bikeable
Biking is convenient for most trips
Transit Score®
51 / 100
Good Transit
Many nearby public transportation options
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 Waterfront Apartments
What is the Cheapest Studio apartment in Waterfront?
Currently the most affordable Cheap Studio Apartment in Waterfront is at The Casco listed at $1,951.
How much is rent for a Cheap One Bedroom Waterfront Apartment?
The lowest price for a Cheap One Bedroom Waterfront Apartment is $2,250 at The Armature.
What is the lowest price for a Cheap Two Bedroom Waterfront Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterfront is starting from $2,207 at Summit Terrace.
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.