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Studio Apartments for Rent in Waterville, ME

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    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
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    $1,000 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    126 Western Ave Unit B, Waterville, ME 04901

    Available Late July: Cozy Studio in the Heart of Waterville!Rent: $1,000Bedrooms: 0Bathrooms: 1Available: Late JulyLease Term: 12 MonthsUtilities Included: Water/SewerTenant Responsibilities: Electric, heating fuel, hot water, Pets: Pets are considered with a monthly pet feeParking: 2 off-street spots and one garage space Laundry: In unit W/D

    126 Western Ave Unit B, Waterville, ME 04901
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    $850 Per Month

    • Studio
    • 1 Bath
    • Condo for Rent

    16 Park St Unit 4, Waterville, ME 04901

    16 Park Street, Unit 4 – Studio Apartment$850/month | Studio | 2nd FloorAvailable now! This cozy second-floor studio apartment offers affordable living in a convenient location. The unit provides an efficient layout that is perfect for anyone seeking a comfortable, low-maintenance living space.Rental Details:Rent: $850 per monthSecurity Deposit: $850All

    16 Park St Unit 4, Waterville, ME 04901

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 $1,300 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while 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 $52,000 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 $1,300 per month in Waterville, ME, renters typically need to show $3,900 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 16.1, 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
3
Median Rent
$1,300
Median Single Family Home Rent
$2,500
Median Condo Rent
$1,279
How to Rent a Home