
Cheap Apartments for Rent in Waterville, ME from $700 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in Waterville.


16 Western 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.

Mountain View Apartments
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.
Waterville, ME Local Guide

How much does it cost to rent an apartment in Waterville?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Waterville Studio Apartments | $1,335 | $1,275 | $1,395 |
Cheap Waterville 1 Bedroom Apartments | $1,120 | $800 | $1,500 |
Cheap Waterville 2 Bedroom Apartments | $1,357 | $885 | $1,700 |
Cheap Waterville 3 Bedroom Apartments | $1,649 | $1,450 | $1,750 |
Browse Top Apartments in Waterville
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Waterville, ME Local Guide
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Cheapest Available Waterville Apartments for Rent
 The cheapest available apartment rental in Waterville, ME is a 1 Bed unit found at Mountain View Apartments priced from $850. 16 Sherwin Street has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,275. Here is today’s list of the most affordable Waterville apartments for rent:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Mountain View Apartments | 1x1 | 1BR,1BA | $850 |
16 Sherwin Street | 2 Bedroom | 2BR,1BA | $1,275 |
Orchard Park Apartments | 1 Bedroom | 1BR,1BA | $1,325 |
23 Clinton Ave | 2 Bedroom | 2BR,1BA | $1,375 |
Best Value Apartments for Rent in Waterville, ME
As of September 08, 2025 the best value apartment in the Waterville area is the $0.77 price per square foot 47 Redington St Model at 47 Redington St, Unit Apartment 3 in the starting from $1,300. The second greatest value Waterville apartment is the 59 Summer St Model at 59 Summer St, Unit 2 starting at $1,450 with a $1.21 price per square foot . Here is today’s list of the best values for Waterville apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
47 Redington St, Unit Apartment 3 | 47 Redington St | 2BR,1BA | $0.77 |
59 Summer St, Unit 2 | 59 Summer St | 3BR,1BA | $1.21 |
31 Collette St, Unit 2 | 31 Collette St | 3BR,1BA | $1.75 |
5 Edwards St, Unit 1 | 5 Edwards St | 2BR,1BA | $1.56 |
23 Clinton Ave | 2 Bedroom | 2BR,1BA | $1.79 |
Orchard Park Apartments | 1 Bedroom | 1BR,1BA | $1.89 |
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Best Local Schools in Waterville, ME
School data provided by Great Schools
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Getting Around Waterville, ME
Walk Score®
56 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
38 / 100
Somewhat Bikeable
Minimal bike infrastructure
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Waterville Apartments
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 $1,275 at 16 Sherwin Street.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.