Rental prices in Waterville, ME have increased by 0.04% over the past year. The average rent moved from $1,394 to $1,394.
Compared to the national average rent of $1,743, the average rent in Waterville, ME is $1,394.
The average monthly rent of apartments in Waterville, ME is $1,394.
Around 96% of Waterville’s apartments are in the $1,001-$1,500 price range. 4% of apartments are priced ≤ $1000.
The largest share of rentals in Waterville, ME (96%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Prices and availability in Waterville, ME were last updated on 21 Nov 2025.
The average rent in Waterville, ME is $1,393.
In Waterville, 54% of the residents are renting compared to 46% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 3% of Waterville’s rentals, 87% are small-scale complexes with under 50 units, and 9% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Waterville are about 46 years old, on average. Of these, 15% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Rental apartments in Waterville come in a range of sizes and floorplans. Studio apartments represent 6% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 60% of the total apartments in the city, while 2-bedroom floorplans represent around 34% of all rentals in Waterville. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
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