4

Waterboro, ME Homes for Rent

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  • /14

    $2,600

    Total Monthly Price

    • 4 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • House for Rent

    38 Diamond Dr, North Waterboro, ME 04061

    Spacious 4-Bedroom Home with Lake Arrowhead AccessWelcome to this spacious 4-bedroom home offering convenient access to Lake Arrowhead. This property provides a great combination of comfort, space, and access to the outdoors, making it an excellent opportunity for those looking to enjoy a peaceful residential setting while being close to the lake.The home features four generously

    38 Diamond Dr, North Waterboro, ME 04061
  • /12

    $2,250 Per Month

    • 2 Beds
    • 1 Bath
    • 850 Sq Ft
    • House for Rent

    14 Trappers Way, Waterboro, ME 04087

    Brand-New 2 Bedroom Home with Large Yard – Pets Welcome! Be the first to live in this beautifully built 2-bedroom, 1-bath home offering modern finishes, energy-efficient construction, and the privacy of a standalone home. The bright, open-concept living space is filled with natural light from oversized windows and a sliding glass door overlooking the spacious backyard. The kitchen

    14 Trappers Way, Waterboro, ME 04087
  • /10

    $2,590 Per Month

    • 4 Beds
    • 1 Bath
    • 768 Sq Ft
    • House for Rent

    38 Diamond Dr, Waterboro, ME 04061

    Welcome to 38 Diamond Drive—your private waterfront retreat in Waterboro, ME! Perfectly positioned along the shores of Lake Arrowhead, this home offers an incredible blend of natural beauty, outdoor recreation, and resort-style community amenities. WATERFRONT & OUTDOOR HIGHLIGHTS: Direct Waterfront: Step into your backyard to swim, launch kayaks, or relax with uninterrupted lake

    38 Diamond Dr, Waterboro, ME 04061
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    $2,500 Per Month

    • 2 Beds
    • 1 Bath
    • 780 Sq Ft
    • House for Rent

    69 Bernier Ln, Waterboro, ME 04087

    This bright, open-concept space is designed for comfort and connection, with a fully equipped kitchen and cozy living area—perfect for unwinding after a day outdoors. The home has Two-bedrooms, one-bath with washer and dryer and offers both indoor comfort and outdoor space to enjoy every season. Key Features -Primary Bedroom: King bed for a restful night's sleep -Second

    69 Bernier Ln, Waterboro, ME 04087

Why Live in Waterboro

Waterboro, a rustic village in Alfred, Maine, is known for its abundance of lakes and ponds, including Lake Sherburne, Northwest Pond, and the popular Little Ossipee Lake. This peaceful, rural town offers a mix of lakeside properties and large rural lots, with homes ranging from wood-sided waterfront houses to conventional cottages and Cape Cods on expansive acreage. The Lake Arrowhead Community subdivision, shared with nearby Limerick, features closer-knit housing and community events like boat parades and ice cream socials. Waterboro is part of Regional School Unit 57, serving multiple towns and educating around 3,000 students from prekindergarten through 12th grade. Little Ossipee Lake is a central attraction, providing opportunities for swimming, boating, fishing, and camping, with lively summer activities and winter ice-fishing. While Waterboro lacks a downtown district and mom-and-pop stores, it has convenience stores, a few restaurants, and XOTA Brewing Co., known for its variety of beers. The town hosts Maple Syrup Sunday annually, celebrating local syrup production with community gatherings. The Ossipee Mountaineers Snowmobile Club maintains over 40 miles of trails and meets monthly from September to April. Route 202 runs through Waterboro, offering a 40-minute drive to Portland, making city commuting feasible.

Frequently Asked Questions

How much does it cost to rent a home in Waterboro, ME?
The median rent for a home in Waterboro, ME is $2,375 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Waterboro, ME?
To comfortably afford the median rent in Waterboro, ME, a household needs to earn roughly $95,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,375 per month in Waterboro, ME, renters typically need to show $7,125 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Waterboro, ME?
In Waterboro, ME, the price-to-rent ratio is 15.4, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Waterboro, ME are best for renting a home?
The best neighborhood for renting in Waterboro, ME depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Central Saco, Downtown Biddeford and Downtown Saco, each with its own character and price range.

Rental Home Trends

Number of Homes for Rent
4
Median Rent
$2,375
Median Single Family Home Rent
$2,500
How to Rent a Home