
Cheap Apartments for Rent near Waterford, ME from $1,100 (38 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterford.


Princeton Pines

Seavey Crossing

Princeton on Back Cove

Mount Auburn Apartments

645 Congress Apartments

Tamarlane Apartments, LLC

57 Washington St

117 Lofts
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Redbank Village

Yarmouth Pointe Apartment Homes

95-99 Maine Ave

119 Horton St

129 Oak St

45 W Main St

102 Knox St

15 Nomar Ct

12 College St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Bayview Court

1 Progress Wy

322 Waldo St

The Bellamy

162 Narragansett St

37 Northern Avenue Heights

263-265 Park St

205 Cumberland St

14 College St
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

6 Clachan Pl

33 Bradley St

7-9 Irene St

Rivers Edge

33 Howard St

23 Roxbury Rd

156 Cottage St

57 Eustis St

50 Morrill Ln
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.

28 Bartlett St

55 Washington St
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 | $2,014 | $1,174 | $2,904 |
| Waterford 1 Bedroom Apartments | $2,159 | $1,275 | $3,710 |
| Waterford 2 Bedroom Apartments | $2,508 | $1,100 | $4,730 |
| Waterford 3 Bedroom Apartments | $2,788 | $2,105 | $4,250 |
| Waterford 4 Bedroom Apartments | $1,900 | $1,900 | $1,900 |
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 138 Bartlett St priced from $1,100. 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 |
|---|---|---|---|
| 138 Bartlett St | 2 bed 1 bath | 2BR, 1BA | $1,100 |
| Mount Auburn Apartments | One Bedroom-AA | 1BR, 1BA | $1,428 |
| 645 Congress Apartments | 1 Bedroom | 1BR, 1BA | $1,520 |
| Redbank Village | The Kennebunk | 1BR, 1BA | $1,650 |
| Yarmouth Pointe Apartment Homes | Studio | Studio, 1BA | $1,685 |
| Terrace Pond | 2 Bed 1 Bath | 2BR, 1BA | $1,800 |
| Yarmouth Green Apartment Homes | 1 Bedroom 1 Bathroom A | 1BR, 1BA | $1,845 |
| Riverline North Conway | A1AH | 1BR, 1BA | $1,878 |
| The Armature | Studio - Workforce Housing | Studio, 1BA | $1,925 |
| Brunswick Station Apartments | 16 Noble Street | 1BR, 1BA | $1,945 |
Best Value Apartments for Rent in Waterford, ME and Nearby
As of September 19, 2026 the best value apartment in the Waterford area is the $2.20 price per square foot Market Rate 3 Bedroom Townhome Model at Island View in the North Deering neighborhood starting from $4,250. The second greatest value Waterford apartment is the THE ROOSEVELT Model at Liberty Commons in the South Portland neighborhood starting at $3,230 with a $2.38 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. |
|---|---|---|---|
| Island View | Market Rate 3 Bedroom Townhome | 3BR, 2BA | $2.20 |
| Liberty Commons | THE ROOSEVELT | 3BR, 2BA | $2.38 |
| Gale | The Gale Suite | 2BR, 2BA | $2.06 |
| Stable Ridge Apartments | 2 Bedroom | 2BR, 1BA | $1.91 |
| Apartments at Blue Spruce Farm | 2 Bedroom 1 Bath BSF | 2BR, 1BA | $2.53 |
| Waterside Apartments | 2 Bedroom 1 Bath Waterside | 2BR, 1BA | $2.47 |
| Fallview on Main- 186 Main Street | 1BR/1.0BA | 1BR, 1BA | $2.44 |
| Terrace Pond | 2 Bed 1 Bath | 2BR, 1BA | $2.29 |
| Mount Auburn Apartments | One Bedroom-AAN | 1BR, 1BA | $2.08 |
| 645 Congress Apartments | 1 Bedroom | 1BR, 1BA | $2.18 |
Don'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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 Yarmouth Pointe Apartment Homes listed at $1,685.
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 $1,100 at 138 Bartlett St.
What is the most affordable Waterford Three Bedroom Apartment?
The best deal on a cheap Waterford Three Bedroom Apartment rental is at Redbank Village and starts from $2,105.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.