Cheap Homes for Rent in Waterville, ME from $500 (11 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

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

property at 6 Cherry Hill Dr

$545

1 Bedroom, 1 Bath Home for Rent

Available Now

6 Cherry Hill Dr

WatervilleME04901

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.

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

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. 23 Clinton Ave has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here is today’s list of the most affordable Waterville apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mountain View Apartments1x11BR,1BA$850
23 Clinton Ave1 Bedroom1BR,1BA$1,250
16 Sherwin Street2 Bedroom2BR,1BA$1,275
Lombard Estate1 Bedroom1BR,1BA$1,300
Orchard Park Apartments1 Bedroom1BR,1BA$1,325

Best Value Apartments for Rent in Waterville, ME and Nearby

As of December 26, 2025 the best value apartment in the Waterville area is the $1.14 price per square foot 77 Clinton Ave Model at 77 Clinton Ave, Unit 204 in the starting from $1,200. The second greatest value Waterville apartment is the 8 Burrill St Model at 8 Burrill St, Unit 1 starting at $1,900 with a $1.90 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 20477 Clinton Ave2BR,1BA$1.14
8 Burrill St, Unit 18 Burrill St3BR,1BA$1.90
14 Elm St, Unit 114 Elm St3BR,1BA$1.33
18 Gold St, Unit a18 Gold St2BR,1BA$1.79
5 John Avenue, Unit 2nd Floor5 John Avenue2BR,1BA$1.65
Lombard Estate1 Bedroom1BR,1BA$1.73
Orchard Park Apartments1 Bedroom1BR,1BA$1.89
23 Clinton Ave1 Bedroom1BR,1BA$1.92
40 Silver St, Unit 240 Silver St1BR,1BA$2.67
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.

Read Article
Decorative image

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Decorative image

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Waterville, ME Rentals by Map

View Map
Waterville, ME Apartments Map
View Map
Waterville, ME Rental Homes Map

Frequently Asked Questions about Waterville

What type of rentals are currently available in Waterville?

There are currently 119 Apartments for Rent in Waterville, ME with pricing that ranges from $850 to $2,995. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterville ranging from $545 to $20,000.

What is the current price range for Rental Homes in Waterville?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterville ranges from $545 to $20,000 with an average monthly rent of $2,452.

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

decorative image for How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips article

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!