
Cheap Apartments for Rent in Waterford, ME from $800 (27 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterford.


102 Knox St

Princeton on Back Cove

Mount Auburn Apartments

645 Congress Apartments

Tamarlane Apartments, LLC
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

7-9 Irene St

Rivers Edge

Island View

Terrace Pond

Fallview at 186 Main Street

95-99 Maine Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

171 Oak St

43 Main St

The Bellamy

181 Lincoln St

117 Pierce St

Bayview Court
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

1 Progress Way

162 Narragansett St

263-265 Park St

205 Cumberland St

292 Hillside Ave

8 Friendly Way
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

271 Main St

37 Erchles St

6 Clachan Pl
Waterford, ME Local Guide

How much does it cost to rent an apartment in Waterford?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterford Studio Apartments | $2,138 | $1,174 | $2,585 |
| Waterford 1 Bedroom Apartments | $2,310 | $1,326 | $3,695 |
| Waterford 2 Bedroom Apartments | $2,566 | $1,275 | $3,975 |
| Waterford 3 Bedroom Apartments | $2,710 | $1,937 | $3,700 |
| Waterford 4 Bedroom Apartments | $2,408 | $1,650 | $3,499 |
Browse Top Apartments in Waterford
See all Apartments in WaterfordExplore Waterford
Waterford, ME Local Guide
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Cheapest Available Waterford Apartments for Rent and Nearby
 The cheapest available apartment rental in Waterford, ME is a 2 Beds unit found at 102 Knox St priced from $1,275. Mount Auburn Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,428. Here is today’s list of the most affordable Waterford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 102 Knox St | Two Bed One Bath | 2BR,1BA | $1,275 |
| Mount Auburn Apartments | One Bedroom-AA | 1BR,1BA | $1,428 |
| 645 Congress Apartments | Studio | Studio,1BA | $1,500 |
| Rivers Edge | 2 Bedroom 1 Bath | 2BR,1BA | $1,550 |
| 7-9 Irene St | Two Bedroom One Bath | 2BR,1BA | $1,550 |
| 117 Lofts | Studio | Studio,1BA | $1,610 |
| Fallview at 186 Main Street | Studio Waterview | Studio,1BA | $1,700 |
| Stable Ridge Apartments | 1 Bedroom | 1BR,1BA | $1,750 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $1,775 |
| The Linden | Studio/Efficiency | 1BR,1BA | $1,799 |
Best Value Apartments for Rent in Waterford, ME and Nearby
As of May 06, 2026 the best value apartment in the Waterford area is the $2.50 price per square foot 12 White Birth Ln #24 Model at Birchlane in the in the North Deering neighborhood starting from $3,000. The second greatest value Waterford apartment is the 2 Bedroom Model at Stable Ridge Apartments starting at $1,975 with a $1.91 price per square foot . Here is today’s list of the best values for Waterford apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Birchlane | 12 White Birth Ln #24 | 3BR,2BA | $2.50 |
| Stable Ridge Apartments | 2 Bedroom | 2BR,1BA | $1.91 |
| Heritage Hillside Apartments | 9 Heritage Drive | 2BR,1BA | $1.97 |
| 7-9 Irene St | Two Bedroom One Bath | 2BR,1BA | $1.55 |
| Rivers Edge | 2 Bedroom 1 Bath | 2BR,1BA | $1.55 |
| Yarmouth Pointe Apartment Homes | One Bedroom Loft | 1BR,1BA | $2.41 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| 102 Knox St | Two Bed One Bath | 2BR,1BA | $1.42 |
| Forest Glen Apartments | Forest Glen | 2BR,1BA | $2.09 |
| Mount Auburn Apartments | One Bedroom-AA | 1BR,1BA | $2.05 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Waterford, ME Rentals by Map
See the most popular apartments and homes in Waterford, ME
Frequently Asked Questions about Cheap Waterford Apartments
What is the Cheapest Studio apartment in Waterford?
Currently the most affordable Cheap Studio Apartment in Waterford is at 645 Congress Apartments listed at $1,500.
How much is rent for a Cheap One Bedroom Waterford Apartment?
The lowest price for a Cheap One Bedroom Waterford Apartment is $1,428 at Mount Auburn Apartments.
What is the lowest price for a Cheap Two Bedroom Waterford Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Waterford is starting from $1,275 at 102 Knox St.
Expert Rental Resources
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.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.