
Cheap Apartments for Rent near Waterford, ME from $800 (22 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterford.


Princeton on Back Cove

645 Congress Apartments

Mount Auburn Apartments

Tamarlane Apartments, LLC

117 Lofts

95-99 Maine Ave
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.

The Bellamy

102 Knox St

18 Horton St

12 College St

Bayview Court

1 Progress Way

104 Knox 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.

162 Narragansett St

263-265 Park St

7-9 Irene St

Rivers Edge

14 College St

8 Friendly Way

271 Main 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.

79 Birch 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 | $2,033 | $1,174 | $2,375 |
| Waterford 1 Bedroom Apartments | $2,175 | $1,275 | $4,048 |
| Waterford 2 Bedroom Apartments | $2,539 | $1,516 | $4,113 |
| Waterford 3 Bedroom Apartments | $2,756 | $1,937 | $4,500 |
Browse Top Apartments in Waterford
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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 1 Bed unit found at Mount Auburn Apartments priced from $1,428. Stable Ridge Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,750. Here is today’s list of the most affordable Waterford apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mount Auburn Apartments | One Bedroom-AA | 1BR,1BA | $1,428 |
| Stable Ridge Apartments | 1 Bedroom | 1BR,1BA | $1,750 |
| Residences at Park Drive | 0 Beds, 1 Baths | Studio,1BA | $1,800 |
| Redbank Village | The Kennebunk | 1BR,1BA | $1,845 |
| Yarmouth Green Apartment Homes | 1 Bedroom 1 Bathroom A | 1BR,1BA | $1,855 |
Best Value Apartments for Rent in Waterford, ME and Nearby
As of August 04, 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 |
| Waterside Apartments | 2 Bedroom 1 Bath Waterside | 2BR,1BA | $2.63 |
| Island View | 2 Bedroom Island View | 2BR,1BA | $2.63 |
| Winchester Woods | Two Bedroom | 2BR,1BA | $2.53 |
| Fallview on Main- 186 Main Street | 2BR/1.0BA | 2BR,1BA | $2.68 |
| Liberty Commons | THE KENNEDY | 1BR,1BA | $2.75 |
| Foreside Estates | The Beacon | 1BR,1BA | $2.70 |
| Riverline North Conway | A1AH | 1BR,1BA | $2.68 |
| Mount Auburn Apartments | One Bedroom-AAN | 1BR,1BA | $2.08 |
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 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 Residences at Park Drive listed at $1,800.
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 $1,975 at Stable Ridge Apartments.
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.