Starting at $2,300 Per Month
- 3 Beds
17 Barnet Ave, Waterville, ME 04901
17 Barnet Ave, Waterville, ME 04901
Frequently Asked Questions
How much does it cost to rent a single-family home in Waterville, ME?
The median rent for a single-family home in Waterville, ME is $2,000 per month, though prices vary by neighborhood, size, and property type. As of June 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 $55,600 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 $1,390 per month in Waterville, ME, renters typically need to show $4,170 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 15.0, 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.
