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from $1,174Studio to 3 Bedroom Apartments Available Now
Princeton Pines
1375 Forest AvePortland, ME 04103
Cheap Apartments for Rent in the Waterfront Neighborhood of Portland, ME from $800 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Portland.
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from $1,4031 to 2 Bedroom Apartments Contact Us For Availability
Princeton on Back Cove
100 Forest ParkPortland, ME 04101
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from $1,600Studio to 1 Bedroom Apartments Available May 31
117 Lofts
117 Preble StPortland, ME 04101
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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 | $2,092 | $1,174 | $2,510 |
| Waterfront 1 Bedroom Apartments | $2,384 | $1,367 | $4,000 |
| Waterfront 2 Bedroom Apartments | $2,667 | $1,666 | $5,680 |
| Waterfront 3 Bedroom Apartments | $3,342 | $2,175 | $4,400 |
| Waterfront 4 Bedroom Apartments | $2,836 | $2,836 | $2,836 |
Browse Apartments in this Neighborhood
There are currently 7 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 1 Bed unit found at Winchester Woods priced from $1,750. The Linden has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,824. Here are the most affordable Waterfront apartments for rent in Portland, ME:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Winchester Woods | One Bedroom | 1BR,1BA | $1,750 |
| The Linden | One Bedroom | 1BR,1BA | $1,824 |
| The Casco | The Casco - Back Cove | Studio,1BA | $1,951 |
Best Value Apartments for Rent in Waterfront, ME
As of April 18, 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 3 Bedroom Townhouse Model at Princeton Pines starting at $2,793 with a $2.54 price per square foot in the North Deering 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 |
| Princeton Pines | 3 Bedroom Townhouse | 3BR,1.5BA | $2.54 |
| Summit Terrace | 2BR Balcony | 2BR,1BA | $2.32 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| 49 Quebec St, Unit 2 | 49 Quebec St | 2BR,1BA | $2.71 |
| 129 Spring Street - Unit 1, Unit #1 129 Spring St | 129 Spring Street - Unit 1 | 1BR,1BA | $2.33 |
| 29 Turner St, Unit 2 | 29 Turner St | 1BR,1BA | $2.21 |
| 8 Quebec St, Unit 4 | 8 Quebec St | 2BR,1BA | $2.77 |
| The Linden | One Bedroom | 1BR,1BA | $2.73 |
| Summit Terrace at Woodland | Junior One Bedroom Newly Renovated | 1BR,1BA | $4.24 |
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Pet Friendly LifestyleWaterfront, Portland, ME
Ranked #9
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 $1,750 at Winchester Woods.
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.
Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.
Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.
Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.