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Waterville, ME Homes for Rent

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  • /15

    Starting at $1,385 Per Month

    • 1 Bed

    10 Water St, Waterville, ME 04901

    Hathaway Creative Center in Waterville, Maine offers loft living in a historical building with beautiful views. This mixed use building has apartments for rent with 25 floorplans to choose from. In all the lofts, one, two, or three-bedroom apartments, you will find top-of-the-line touches with excellent amenities. Each unit is remodeled with granite countertops, stainless steel appliances, tile

    Hathaway Creative Center

    10 Water St, Waterville, ME 04901
  • /12

    Starting at $1,050 Per Month

    • Studio - 2 Beds

    13 Hathaway St, Waterville, ME 04901

    Find your home at Appleton Apartments in Waterville, ME. The 04901 location in Waterville has so much to offer its residents. Come for a visit to view the available floorplans. You'll experience a unique selection of features and amenities at this community. Stop by Appleton Apartments today.

    Appleton Apartments

    13 Hathaway St, Waterville, ME 04901
  • /14

    Starting at $1,300 Per Month

    • 1 - 3 Beds

    65 Elm St, Waterville, ME 04901

    Lombard Estate

    65 Elm St, Waterville, ME 04901
  • /20

    Starting at $1,350 Per Month

    • 1 - 2 Beds

    21 Crestwood Dr, Waterville, ME 04901

    Orchard Park Apartments is an excellent apartment community surrounded by natural beauty. Located across from Thomas College and close to Colby College, Orchard Park Apartments consists of 12 buildings situated on 18 acres and near all Waterville amenities. With features such as a swimming pool, clubhouse and on-site management, you'll be living the good life at Orchard Park Apartments. Maine is

    Orchard Park Apartments

    21 Crestwood Dr, Waterville, ME 04901
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    $1,250 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    115 Water St Unit 1, Waterville, ME 04901

    Available Now!: Large 2 Bed - 1 Bath Apartment in Waterville!Rent: $1,250Bedrooms: 2Bathrooms: 1Available: NowLease Term: 9 Month LeaseUtilities Included: Water, Sewer and HeatTenant Responsibilities: Electric and Hot WaterPets: Considered with monthly pet feeParking: 2 off-street spotsLaundry: Laundromats nearbySmoking: Non-smoking

    115 Water St Unit 1, Waterville, ME 04901
  • /18

    $1,500 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    36 Summer St Unit 1, Waterville, ME 04901

    Property Id: 2216026 This is spacious first floor unit that is currently still under renovation. The current pictures are to show similar layout in the same building, but are not the photos of the unit for rent! This will be a beautifully refreshed three-bedroom, one-bath apartment offers a perfect blend of comfort, efficiency, and charm. Enjoy efficient and reliable heat with a

    36 Summer St Unit 1, Waterville, ME 04901
  • /14

    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    281 Main St Unit 402, Waterville, ME 04901

    Third Floor 1BR/1BA Apartment in WatervilleRent: $1,200/MonthBedrooms: 1Bathrooms: 1Available: 8/17/2026Lease Term: 12 MonthsUtilities Included: Water, Sewer, GarbageTenant Responsibilities: Tenant Responsible for Electricity & heatPets: Negotiable for Monthly FeeParking: 1 SpotLaundry: Coin Op on SiteSmoking: Non-Smoking

    281 Main St Unit 402, Waterville, ME 04901
  • /7

    $1,250 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    115 Water St Unit 2, Waterville, ME 04901

    Available Mid-September: Cozy 1 Bed - 1 Bath Apartment in the Heart of Waterville! Rent: $1,250Bedrooms: 1Bathrooms: 1Available: Mid-SeptemberLease Term: 9 MonthsUtilities Included: Water, Sewer, HeatTenant Responsibilities: Electric and hot waterPets: Considered with monthly pet feeParking: 2 off-street spotsLaundry: Laundromats Nearby Smoking:

    115 Water St Unit 2, Waterville, ME 04901
  • /9

    $1,100 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    276 Main St Unit 5, Waterville, ME 04901

    Available Mid-August: Large 1 Bed - 1 Bath Apartment in Waterville!Rent: $1,100Bedrooms: 1Bathrooms: 1Available: Mid AugustLease Term: 6 Month LeaseUtilities Included: NoneTenant Responsibilities: All utilitiesPets: Considered with monthly pet feeParking: 2 off-street spotsLaundry: Laundromats nearbySmoking: Non-smoking unitUnit

    276 Main St Unit 5, Waterville, ME 04901
  • /9

    $1,100 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    276 Main St Unit 5, Waterville, ME 04901

    Available Mid-August: Large 1 Bed - 1 Bath Apartment in Waterville!Rent: $1,100Bedrooms: 1Bathrooms: 1Available: Mid AugustLease Term: 6 Month LeaseUtilities Included: NoneTenant Responsibilities: All utilitiesPets: Considered with monthly pet feeParking: 2 off-street spotsLaundry: Laundromats nearbySmoking: Non-smoking unitUnit

    276 Main St Unit 5, Waterville, ME 04901
  • /10

    $1,600 Per Month

    • 3 Beds
    • 1 Bath
    • 1,200 Sq Ft
    • Condo for Rent

    2 Gray Ave Unit 2, Waterville, ME 04901

    Property Id: 2785708 Move right into this spacious 3 bedroom apartment. This bright and inviting unit has some new updates such as new flooring in certain areas, and new paint. It also includes off street parking and is located just minutes from downtown Waterville, shopping, restaurants, hospitals, and other local amenities. Rent includes heat, hot water, water, sewer, landscaping, and snow

    2 Gray Ave Unit 2, Waterville, ME 04901
  • /18

    $1,500 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    68 High St Unit B, Waterville, ME 04901

    Property Id: 2350535 Welcome to this delightful 2-bedroom, 1-bathroom multi-family apartment located at 68 High St, Waterville, ME. Enjoy cooking in a well-equipped kitchen featuring a dishwasher, microwave, range oven, and refrigerator, all designed to enhance your culinary experience. With Washer and Dryer hook ups. The central cooling and heat pump heating systems ensure year-round

    68 High St Unit B, Waterville, ME 04901
  • /17

    $1,475 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    3 Summer St Unit 2, Waterville, ME 04901

    Large 3BD/1BA Apartment in Waterville !!!Rent: $1,475/MonthBedrooms: 3Bathrooms: 1Available: Mid SeptemberLease Term: 12 MonthsUtilities Included: Heat, Hot Water, Water, Sewer, GarbageTenant Responsibilities: Tenant Responsible for ElectricityPets: Pets Negotiable (Monthly Pet Fee Applies)Parking: 2 Off Street SpotsLaundry: NoneSmoking: Non-Smoking

    3 Summer St Unit 2, Waterville, ME 04901
  • /10

    $1,000 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    31 Elm St Unit 1, Waterville, ME 04901

    Available Now: Spacious Studio on Elm St. in Waterville!Rent: $1,000/MonthBedrooms: 0Bathrooms: 1Available: NowLease Term: 12 MonthsUtilities Included: Heat, Water/SewerTenant Responsibilities: Electricity, Hot Water, Cable/InternetPets: Cats and Small Dogs Under 40 Lbs. Negotiable (Monthly Pet Fee Applies)Parking: 1 SpaceLaundry: Laundromat

    31 Elm St Unit 1, Waterville, ME 04901
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    $1,250 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    172 College Ave Unit 1, Waterville, ME 04901

    Available Now: Large 2 Bed - 1 Bath Apartment in the Heart of Waterville!Rent: $1,250Bedrooms: 2Bathrooms: 1Available: NowLease Term: 9 MonthsUtilities Included: Water, Sewer, Heat, Hot WaterTenant Responsibilities: Electric Pets: Considered with monthly pet feeParking: 2 off-street spotsLaundry: Laundromats NearbySmoking: Non-smoking

    172 College Ave Unit 1, Waterville, ME 04901
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    $1,500 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    68 High St Unit B, Waterville, ME 04901

    Property Id: 2350535 Welcome to this delightful 2-bedroom, 1-bathroom multi-family apartment located at 68 High St, Waterville, ME. Enjoy cooking in a well-equipped kitchen featuring a dishwasher, microwave, range oven, and refrigerator, all designed to enhance your culinary experience. With Washer and Dryer hook ups. The central cooling and heat pump heating systems ensure year-round

    68 High St Unit B, Waterville, ME 04901
  • /8

    $1,100 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    29 Elm St Unit 1, Waterville, ME 04901

    1BR/1BA First Floor Apartment on Elm St. in Waterville with All Utilities Included!!!Rent: $1,100/MonthBedrooms: 1Bathrooms: 1Available: NowLease Term: 12 MonthsUtilities Included: Electric, Heat, Hot Water, Water/SewerTenant Responsibilities: Cable/InternetPets: Cats and Small Dogs Under 40 Lbs. Negotiable (Monthly Pet Fee Applies)Parking: 1

    29 Elm St Unit 1, Waterville, ME 04901
  • /8

    $1,300 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    131 College Unit 4, Waterville, ME 04901

    Coming Soon: Beautiful 1 bedroom - 1 bathroom apartment in PittsfieldRent: $1,300Bedrooms: 2Bathrooms: 1Available: Late AugustLease Term: 9 months Utilities Included: Heat, Water/sewer, Tenant Responsibilities: Electric, hot water Pets: Considered with a monthly pet fee Parking: 2 off-street spots Laundry: On-site coin ops Smoking: Non-smoking unit

    131 College Unit 4, Waterville, ME 04901
  • /7

    $1,250 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    115 Water St Unit 2, Waterville, ME 04901

    Available Mid-September: Cozy 1 Bed - 1 Bath Apartment in the Heart of Waterville! Rent: $1,250Bedrooms: 1Bathrooms: 1Available: Mid-SeptemberLease Term: 9 MonthsUtilities Included: Water, Sewer, HeatTenant Responsibilities: Electric and hot waterPets: Considered with monthly pet feeParking: 2 off-street spotsLaundry: Laundromats Nearby Smoking:

    115 Water St Unit 2, Waterville, ME 04901
  • /10

    $1,600 Per Month

    • 3 Beds
    • 1 Bath
    • 1,200 Sq Ft
    • Condo for Rent

    2 Gray Ave Unit 2, Waterville, ME 04901

    Property Id: 2785708 Move right into this spacious 3 bedroom apartment. This bright and inviting unit has some new updates such as new flooring in certain areas, and new paint. It also includes off street parking and is located just minutes from downtown Waterville, shopping, restaurants, hospitals, and other local amenities. Rent includes heat, hot water, water, sewer, landscaping, and snow

    2 Gray Ave Unit 2, Waterville, ME 04901
  • /8

    $1,300 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    131 College Unit 4, Waterville, ME 04901

    Coming Soon: Beautiful 1 bedroom - 1 bathroom apartment in PittsfieldRent: $1,300Bedrooms: 2Bathrooms: 1Available: Late AugustLease Term: 9 months Utilities Included: Heat, Water/sewer, Tenant Responsibilities: Electric, hot water Pets: Considered with a monthly pet fee Parking: 2 off-street spots Laundry: On-site coin ops Smoking: Non-smoking unit

    131 College Unit 4, Waterville, ME 04901
  • /8

    $1,100 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    29 Elm St Unit 1, Waterville, ME 04901

    1BR/1BA First Floor Apartment on Elm St. in Waterville with All Utilities Included!!!Rent: $1,100/MonthBedrooms: 1Bathrooms: 1Available: NowLease Term: 12 MonthsUtilities Included: Electric, Heat, Hot Water, Water/SewerTenant Responsibilities: Cable/InternetPets: Cats and Small Dogs Under 40 Lbs. Negotiable (Monthly Pet Fee Applies)Parking: 1

    29 Elm St Unit 1, Waterville, ME 04901
  • /12

    $1,000 Per Month

    • 1 Bed
    • 1 Bath
    • 507 Sq Ft
    • Condo for Rent

    282 Main St Unit 6, Waterville, ME 04901

    First Floor 1BR/1BA Near Downtown Waterville Rent: $1,050/MonthBedrooms: 1Bathrooms: 1Available: 8/17/2026Lease Term: 12 MonthsUtilities Included: Water, Sewage, TrashTenant Responsibilities: Electricity and HeatPets: Pets Negotiable $50/Month per petParking: 1 SpotLaundry: Coin-Op On siteSmoking: Non-Smoking PropertyUnit Features-

    282 Main St Unit 6, Waterville, ME 04901
  • /17

    $1,475 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    3 Summer St Unit 2, Waterville, ME 04901

    Large 3BD/1BA Apartment in Waterville !!!Rent: $1,475/MonthBedrooms: 3Bathrooms: 1Available: Mid SeptemberLease Term: 12 MonthsUtilities Included: Heat, Hot Water, Water, Sewer, GarbageTenant Responsibilities: Tenant Responsible for ElectricityPets: Pets Negotiable (Monthly Pet Fee Applies)Parking: 2 Off Street SpotsLaundry: NoneSmoking: Non-Smoking

    3 Summer St Unit 2, Waterville, ME 04901
  • /12

    $1,000 Per Month

    • 1 Bed
    • 1 Bath
    • 507 Sq Ft
    • Condo for Rent

    282 Main St Unit 6, Waterville, ME 04901

    First Floor 1BR/1BA Near Downtown Waterville Rent: $1,050/MonthBedrooms: 1Bathrooms: 1Available: 8/17/2026Lease Term: 12 MonthsUtilities Included: Water, Sewage, TrashTenant Responsibilities: Electricity and HeatPets: Pets Negotiable $50/Month per petParking: 1 SpotLaundry: Coin-Op On siteSmoking: Non-Smoking PropertyUnit Features-

    282 Main St Unit 6, Waterville, ME 04901
  • /12

    $1,250 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    172 College Ave Unit 1, Waterville, ME 04901

    Available Now: Large 2 Bed - 1 Bath Apartment in the Heart of Waterville!Rent: $1,250Bedrooms: 2Bathrooms: 1Available: NowLease Term: 9 MonthsUtilities Included: Water, Sewer, Heat, Hot WaterTenant Responsibilities: Electric Pets: Considered with monthly pet feeParking: 2 off-street spotsLaundry: Laundromats NearbySmoking: Non-smoking

    172 College Ave Unit 1, Waterville, ME 04901
  • /14

    $1,200 Per Month

    • 1 Bed
    • 1 Bath
    • Condo for Rent

    281 Main St Unit 402, Waterville, ME 04901

    Third Floor 1BR/1BA Apartment in WatervilleRent: $1,200/MonthBedrooms: 1Bathrooms: 1Available: 8/17/2026Lease Term: 12 MonthsUtilities Included: Water, Sewer, GarbageTenant Responsibilities: Tenant Responsible for Electricity & heatPets: Negotiable for Monthly FeeParking: 1 SpotLaundry: Coin Op on SiteSmoking: Non-Smoking

    281 Main St Unit 402, Waterville, ME 04901
  • /10

    $1,000 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    31 Elm St Unit 1, Waterville, ME 04901

    Available Now: Spacious Studio on Elm St. in Waterville!Rent: $1,000/MonthBedrooms: 0Bathrooms: 1Available: NowLease Term: 12 MonthsUtilities Included: Heat, Water/SewerTenant Responsibilities: Electricity, Hot Water, Cable/InternetPets: Cats and Small Dogs Under 40 Lbs. Negotiable (Monthly Pet Fee Applies)Parking: 1 SpaceLaundry: Laundromat

    31 Elm St Unit 1, Waterville, ME 04901
  • /13

    $1,300 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    3 Carey Ln Unit 2, Waterville, ME 04901

    Available Late August: Large 3 Bed - 1 Bath Apartment in Waterville!Rent: $1,300Bedrooms: 3Bathrooms: 1Available: Mid AugustLease Term: 6 Month LeaseUtilities Included: Water, Sewer and HeatTenant Responsibilities: Electric and Hot WaterPets: Considered with monthly pet feeParking: 2 off-street spotsLaundry: Laundromats nearbySmoking: Non-smoking

    3 Carey Ln Unit 2, Waterville, ME 04901
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    $1,500 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    36 Summer St Unit 1, Waterville, ME 04901

    Property Id: 2216026 This is spacious first floor unit that is currently still under renovation. The current pictures are to show similar layout in the same building, but are not the photos of the unit for rent! This will be a beautifully refreshed three-bedroom, one-bath apartment offers a perfect blend of comfort, efficiency, and charm. Enjoy efficient and reliable heat with a

    36 Summer St Unit 1, Waterville, ME 04901
  • /13

    $1,300 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    3 Carey Ln Unit 2, Waterville, ME 04901

    Available Late August: Large 3 Bed - 1 Bath Apartment in Waterville!Rent: $1,300Bedrooms: 3Bathrooms: 1Available: Mid AugustLease Term: 6 Month LeaseUtilities Included: Water, Sewer and HeatTenant Responsibilities: Electric and Hot WaterPets: Considered with monthly pet feeParking: 2 off-street spotsLaundry: Laundromats nearbySmoking: Non-smoking

    3 Carey Ln Unit 2, Waterville, ME 04901
  • /5

    $1,000

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 1,300 Sq Ft
    • Condo for Rent

    6 Ticonic St Unit 6 ticonic st, Waterville, ME 04901

    Bright sunny parking included heat included and garbage

    6 Ticonic St Unit 6 ticonic st, Waterville, ME 04901
  • /14

    $2,000

    Total Monthly Price

    • 2 Beds
    • 1 Bath
    • 1,000 Sq Ft
    • Condo for Rent

    76 Main St Unit Charming 2-Bedroom, Waterville, ME 04901

    Located in the heart of downtown Waterville, this spacious2-bedroom apartment offers an open-concept design combining a modern kitchen and living room space. Enjoy the convenience of living steps away from local shops, restaurants, and entertainment.Key Features:• 2 Bedrooms• Open Concept living and kitchen area, perfect for entertaining• Small Deck on the 3rd floor with

    76 Main St Unit Charming 2-Bedroom, Waterville, ME 04901
  • /5

    $1,000

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 1,300 Sq Ft
    • Condo for Rent

    6 Ticonic St Unit 6 ticonic st, Waterville, ME 04901

    Bright sunny parking included heat included and garbage

    6 Ticonic St Unit 6 ticonic st, Waterville, ME 04901
  • /18

    $1,850

    Total Monthly Price

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

    48 Central Ave, Waterville, ME 04901

    Move-in ready home for rent! Can be furnished or non-furnished. Contact for addition details.

    48 Central Ave, Waterville, ME 04901
  • /11

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    90 Elm St Unit 3, Waterville, ME 04901

    For Rent – 2 Bedroom, 1 Bathroom Apartment90 Elm Street, Unit 3, Waterville, MEAvailable for rent is a well-maintained 2-bedroom, 1-bathroom apartment located on the third floor of a quiet building in Waterville. The apartment features new flooring throughout, a functional layout, and comfortable living space with convenient access to shopping, restaurants, schools, and downtown

    90 Elm St Unit 3, Waterville, ME 04901
  • /9

    $1,250 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    65 Kennedy Memorial Dr Unit 2, Waterville, ME 04901

    Spacious, Updated, and Right Where You Want to Be in Waterville!Welcome home to this comfortable and newly renovated 3-bedroom, 1-bath apartment at 65 Kennedy Memorial Drive in Waterville. With a clean updated interior, major utilities included, and a location that puts you steps away from shopping, dining, schools, and all of Waterville's in-town amenities, this one offers unbeatable

    65 Kennedy Memorial Dr Unit 2, Waterville, ME 04901
  • /10

    $1,400 Per Month

    • 3 Beds
    • 1 Bath
    • Condo for Rent

    27 High St Unit 1, Waterville, ME 04901

    Spacious Three Bedroom Living in the Heart of Waterville!Welcome home to 27 High St, Apartment 1 in Waterville. This roomy 3-bedroom, 1-bathroom apartment offers plenty of space for the whole family, with heat and hot water both included in your rent, keeping your monthly expenses predictable year round. Set on a large yard in a quiet neighborhood close to town and schools, this one has

    27 High St Unit 1, Waterville, ME 04901
  • /10

    $1,350 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    11 Gray St Unit 1, Waterville, ME 04901

    50% Off first month's rent for move-ins schedule on or before 9/15/2026For Rent | 11 Gray St, Unit 1 | Waterville, ME$1,350/month | Security Deposit: $1,350Be the first to call this completely remodeled apartment home! This stunning 2-bedroom, 1-bathroom unit has been taken down to the studs and thoughtfully rebuilt, offering the feel of new construction while maintaining

    11 Gray St Unit 1, Waterville, ME 04901
  • /11

    $1,200 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    90 Elm St Unit 3, Waterville, ME 04901

    For Rent – 2 Bedroom, 1 Bathroom Apartment90 Elm Street, Unit 3, Waterville, MEAvailable for rent is a well-maintained 2-bedroom, 1-bathroom apartment located on the third floor of a quiet building in Waterville. The apartment features new flooring throughout, a functional layout, and comfortable living space with convenient access to shopping, restaurants, schools, and downtown

    90 Elm St Unit 3, Waterville, ME 04901

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Why Live in Waterville

Waterville, ME, a college town on the Kennebec River, blends historical charm with modern revitalization. The presence of Colby College and Thomas College infuses the town with a vibrant academic atmosphere. Main Street has seen significant investment, including a $200 million contribution from Colby College, leading to the conversion of the old Lockwood Mill into multi-family units and the expansion of sidewalks for open-air dining. The town's housing options are diverse, ranging from large colonial homes to classic Cape Cods and ranches, often set on tree-lined lots. Seasonal activities abound, with the Belgrade Lakes just 20 minutes away offering beaches, kayaking, and canoeing. The North Street Recreation Area provides a playground, trails, athletic facilities, and a pool with a water park, making it a hub for family-friendly activities. Waterville's Main Street is a culinary hotspot with cafes, pubs, bakeries, and restaurants like Amici’s, known for its authentic Italian cuisine. Retail options are plentiful with shopping centers like Elm Plaza housing large stores such as Walmart and Hannaford. Commuting is facilitated by U.S. Route 201 and Interstate 95, making downtown Augusta accessible in under 20 miles. Waterville has a crime rate lower than the national average, with property crimes being more common than violent crimes.

Frequently Asked Questions

How much does it cost to rent a home in Waterville, ME?
The median rent for a home in Waterville, ME is $1,275 per month, though prices vary by neighborhood, size, and property type. As of August 2026, townhouses tend to be the most affordable option while condos and single-family homes are currently more expensive.
How much do you need to make to afford rent in Waterville, ME?
To comfortably afford the median rent in Waterville, ME, a household needs to earn roughly $51,000 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 $1,275 per month in Waterville, ME, renters typically need to show $3,825 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 Waterville, ME?
In Waterville, ME, the price-to-rent ratio is 16.6, 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.

Rental Home Trends

Number of Homes for Rent
86
Median Rent
$1,275
Median Single Family Home Rent
$1,850
Median Townhouse Rent
$1,000
Median Condo Rent
$1,250
How to Rent a Home