Cheap Apartments for Rent in Waterville, ME from $700 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in Waterville.

property at 25 Winter St

$950

1 Bedroom Rentals

Available Now

25 Winter St

WatervilleME04901

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.

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35-45 Redington Street
1 to 4 Bedroom Apartments

35-45 Redington Street

35-45 Redington StWaterville, ME 04901
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10 Sherwin St
2 Bedroom Apartments

10 Sherwin St

10 Sherwin StWaterville, ME 04901
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38 Redington St
1 to 4 Bedroom Apartments

38 Redington St

38 Redington StWaterville, ME 04901
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6 Leighton Street
1 to 2 Bedroom Apartments

6 Leighton Street

6 Leighton StWaterville, ME 04901
  • Utilities Included

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.

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12 Hathaway Street
1 to 2 Bedroom Apartments

12 Hathaway Street

12 Hathaway StWaterville, ME 04901
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6-8 Union St
1 to 3 Bedroom Apartments

6-8 Union St

6-8 Union StWaterville, ME 04901
  • Utilities Included

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.

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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.

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46 Pleasant Street
1 Bedroom Apartments

46 Pleasant Street

46 Pleasant StOakland, ME 04963
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6-12 West Pleasant St
Studio to 3 Bedroom Apartments

6-12 West Pleasant St

6-12 W Pleasant StOakland, ME 04963
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503 Benton Avenue
1 Bedroom Apartments

503 Benton Avenue

503 Benton AveBenton, ME 04901
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25 Halifax Street
2 Bedroom Apartments

25 Halifax Street

25 Halifax StWinslow, ME 04901
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1 E Vigue St
2 to 3 Bedroom Apartments

1 E Vigue St

1 E Vigue StWinslow, ME 04901

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.

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Showing Results 1-43, Page 1 of 1

Waterville, ME Local Guide

Cheapest Available Waterville Apartments for Rent and Nearby

 

The cheapest available apartment rental in Waterville, ME is a 1 Bed unit found at Mountain View Apartments priced from $850. Appleton Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here is today’s list of the most affordable Waterville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mountain View Apartments1x11BR,1BA$850
Appleton ApartmentsStudioStudio,1BA$1,050
40 Monument Street1 Bedroom1BR,1BA$1,150
6-8 Oxford Street2 Bedroom2BR,1BA$1,225
23 Clinton Ave1 Bedroom1BR,1BA$1,250

Best Value Apartments for Rent in Waterville, ME and Nearby

As of August 07, 2026 the best value apartment in the Waterville area is the $1.15 price per square foot 15 Winchester St Model at 15 Winchester St, Unit #1 in the starting from $1,500. The second greatest value Waterville apartment is the 6 Ticonic St Model at 6 Ticonic St, Unit 6 ticonic st starting at $1,000 with a $0.77 price per square foot . Here is today’s list of the best values for Waterville apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
15 Winchester St, Unit #115 Winchester St2BR,1BA$1.15
6 Ticonic St, Unit 6 ticonic st6 Ticonic St1BR,1BA$0.77
6 Hallowell St, Unit Unit for rent6 Hallowell St2BR,1BA$1.20
77 Clinton Ave77 Clinton Ave2BR,1BA$1.20
Lombard Estate3 Bedroom3BR,2BA$1.75
14 Percival Ct, Unit 214 Percival Ct2BR,1BA$1.34
13 School St, Unit 213 School St1BR,1BA$1.00
Orchard Park Apartments1 Bedroom1BR,1BA$1.93
40 Monument Street1 Bedroom1BR,1BA$1.77
23 Clinton Ave1 Bedroom1BR,1BA$1.92

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.

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Real 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.

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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.

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Waterville, ME

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Waterville Apartments

What is the Cheapest Studio apartment in Waterville?

Currently the most affordable Cheap Studio Apartment in Waterville is at Appleton Apartments listed at $1,050.

How much is rent for a Cheap One Bedroom Waterville Apartment?

The lowest price for a Cheap One Bedroom Waterville Apartment is $850 at Mountain View Apartments.

What is the lowest price for a Cheap Two Bedroom Waterville Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Waterville is starting from $1,025 at Mountain View Apartments.

What is the most affordable Waterville Three Bedroom Apartment?

The best deal on a cheap Waterville Three Bedroom Apartment rental is at Lombard Estate and starts from $1,750.

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

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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.

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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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

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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.