Cheap Apartments for Rent in Waterville, ME from $790 (56 Rentals)

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

property at 60 Silver St
$800
1 Bedroom Rentals
Available Now

60 Silver 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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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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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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12 Hathaway Street
1 to 2 Bedroom Apartments

12 Hathaway Street

12 Hathaway 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

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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6-8 Union St
1 to 3 Bedroom Apartments

6-8 Union St

6-8 Union StWaterville, ME 04901
  • Utilities Included
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6-8 Oxford Street
2 to 3 Bedroom Apartments

6-8 Oxford Street

6-8 Oxford StWaterville, ME 04901
  • Utilities Included

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
  • Utilities Included
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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
  • Utilities Included

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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Waterville, ME Local Guide

Cheapest Available Waterville Apartments for Rent

 

The cheapest available apartment rental in Waterville, ME is a Studio unit found at Appleton Apartments priced from $1,050. 6-8 Oxford Street has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,225. Here is today’s list of the most affordable Waterville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Appleton ApartmentsStudioStudio, 1BA$1,050
6-8 Oxford Street2 Bedroom2BR, 1BA$1,225
23 Clinton Ave1 Bedroom1BR, 1BA$1,250
Lombard Estate1 Bedroom1BR, 1BA$1,300
Orchard Park Apartments1 Bedroom1BR, 1BA$1,350

Best Value Apartments for Rent in Waterville, ME

As of September 22, 2026 the best value apartment in the Waterville area is the $1.20 price per square foot 77 Clinton Ave Model at 77 Clinton Ave, Unit 303 starting from $1,200. The second greatest value Waterville apartment is the 76 Main St Model at 76 Main St, Unit Charming 2-Bedroom starting at $1,850 with a $1.85 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.
77 Clinton Ave, Unit 30377 Clinton Ave2BR, 1BA$1.20
76 Main St, Unit Charming 2-Bedroom76 Main St2BR, 1BA$1.85
296 Main St, Unit Second floor296 Main St2BR, 1BA$1.65
Lombard Estate1 Bedroom1BR, 1BA$1.73
Orchard Park Apartments1 Bedroom1BR, 1BA$1.93
23 Clinton Ave1 Bedroom1BR, 1BA$1.92
Appleton ApartmentsStudioStudio, 1BA$2.33
13 Pleasant Pl, Unit 313 Pleasant Pl1BR, 1BA$6.10

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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Navigating 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.

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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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Quick 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.

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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

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

The lowest price for a Cheap One Bedroom Waterville Apartment is $1,100 at Appleton 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 $1,225 at 6-8 Oxford Street.

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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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.

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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.

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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.