Rentometer, Inc. | Data as of 12/05/2025
Waterville, Maine blends smallâcity charm with a vibrant, studentâdriven atmosphere, making it a desirable destination for renters seeking both convenience and community. Nestled along the Kennebec River, the city offers easy access to waterfront parks, historic Main Street shops, and cultural venues such as the Colby College Museum of Art. Its walkable neighborhoodsâlike the lively downtown district, the familyâfriendly Oak Hill area, and the tranquil campusâadjacent neighborhoodsâprovide a range of housing options that suit professionals, families, and students alike.
The rental market reflects this diversity, with a strong presence of both apartments and singleâfamily homes. Oneâbedroom apartments typically fall in the $800s to $1000 range, offering affordable choices for individuals or couples. Twoâbedroom units are generally priced in the $1300s to $1500 range, appealing to small families or roommates seeking extra space. Larger threeâbedroom apartments command around the $1700â$1800 bracket, ideal for those who desire more room without sacrificing location. The mix of modern complexes and historic buildings ensures renters can find a style that matches their preferences, whether itâs a contemporary amenityârich building near the college or a charming renovated house in a quiet suburb.
Beyond housing, Watervilleâs amenities enhance the rental experience. Residents enjoy easy commutes via the Amtrak Downeaster, a variety of dining options ranging from farmâtoâtable eateries to classic diners, and yearâround events like the Waterville Opera House productions and the RiverFest celebration. With its blend of academic energy, scenic beauty, and a supportive community, Waterville continues to attract renters looking for a balanced, highâquality lifestyle in Maine.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $861 | $1,000 | $260 - $1,325 | $260 - $1,325 |
| Apartment | 2 Bedroom | $1,425 | $1,500 | $1,250 - $1,575 | $1,300 - $1,500 |
| Apartment | 3 Bedroom | $1,750 | $1,700 | $1,650 - $1,900 | $1,650 - $1,900 |
In the current period, the average rent in Waterville was
$971 for 1 Bedroom,
$1,425 for 2 Bedroom, and
$1,750 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.