Find Homes & Apartments for Rent in Waterville, ME

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What to Know About

Life in Waterville & Beyond

Waterville shares many of the great qualities that make Maine a desirable place to live.

Maine, known as the "Pine Tree State," is renowned for its breathtaking natural scenery, rocky coastline, and diverse outdoor activities. Immerse yourself in Maine's rich history and traditions by visiting institutions such as the Maine State Museum and the Penobscot Bay History Center or benefiting from prestigious universities like the University of Maine, Bowdoin College, and Colby College. In addition, a thriving fishing industry, robust tourism sector, and abundant natural resources sustain Maine's economy, providing residents with a wide range of employment opportunities.

Experience the best of what Maine has to offer by visiting iconic attractions such as the flagship L.L. Bean store, the Maine Lobster Festival, the historic Maine Maritime Museum, and the charming city of Portland. In addition, enjoy a multitude of outdoor options, from exploring the majestic Acadia National Park and the Allagash Wilderness Waterway to sailing the crystal-clear waters of the Gulf of Maine.

Its thriving economy, excellent recreational offerings, and unique coastal experience make Maine a great place to live, and the state's friendly and welcoming atmosphere will make you feel right at home.

Rental Market Trends

Waterville, ME

As of March 2025, Waterville's rental market is competitive, with strong renter demand causing quick leasing times for well-priced units. Waterville's average rent is 36.3% ($715) lower than the Maine average of $1,969 and 29.9% ($534) lower than the U.S. average of $1,788.

Average Rent
$1,254
Monthly ChangeMonth Over Month Change
Increased5.1% ($61)
Yearly ChangeYear Over Year Change
Decreased5.4% ($72)
Avg. Days on MarketAverage Days on Market
29
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,118 Increased3.3% ($36) Increased0.3% ($3)
2 Beds $1,364 Decreased5.9% ($85) Increased4.7% ($61)
3 Beds $1,569 Decreased7.8% ($132) Decreased19% ($367)
Nearby Cities Average Rent Avg. Rent vs. WatervilleAverage Rent vs. Waterville Avg. Days on MarketAverage Days on Market
Fairfield $934 Decreased25.5% ($320) 27 days
Augusta $1,537 Increased22.6% ($283) 26 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Waterville Rental Market FAQs

Explore rental prices, market trends, and availability in Waterville, ME.

The average rent in Waterville, ME is $1,254 per month.
Homes in Waterville typically rent for between $783 and $2,040 per month, with an average of $1,254 per month.
In Waterville, the average rent for a 1-bedroom home is $1,118 per month, for a 2-bedroom home, $1,364 per month, and a 3-bedroom home is $1,569 per month.
The average rent in Waterville is 29.9% ($534) lower than the national average of $1,788 per month.
The average rent in Waterville has increased by 5.1% ($61) in the last month and decreased by 5.4% ($72) over the past year.
The rental market in Waterville, ME, is currently competitive, with strong renter demand causing quick leasing times for well-priced units.
In Waterville, ME, the average rental stays on the market for approximately 29 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 25 rental properties available in Waterville, ME.
Based on the current averages, a household would need an annual income of $54,560 to comfortably afford a 2-bedroom home in Waterville.
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