Rentometer, Inc. | Data as of 10/22/2025
Waterville’s rental market offers a blend of historic charm and modern convenience, making it a favored destination for students, professionals, and families alike. The city’s compact downtown core is walkable and features a vibrant mix of cafes, boutiques, and cultural venues, while the surrounding River Valley and Eastside neighborhoods provide quieter, tree‑lined streets with easy access to parks and the Kennebec River. Proximity to Colby College adds a dynamic, youthful energy and supports a steady demand for both apartments and single‑family homes.
Rental options in Waterville range from well‑maintained apartments to charming houses. One‑bedroom apartments typically fall within the $1000s, offering affordable entry‑level living for students and young professionals. Two‑bedroom units are generally priced in the $1300 range, appealing to small families or roommates seeking a bit more space. Larger three‑bedroom apartments command rates around $1700, providing ample room for growing households or those who value extra living areas. Many of these properties feature updated interiors, on‑site laundry, and convenient parking, catering to a diverse tenant base.
Beyond housing, Waterville boasts a rich cultural scene anchored by landmarks such as the Colby College Museum of Art, the historic Waterville Opera House, and the bustling Main Street Farmers Market. Outdoor enthusiasts enjoy nearby trails and riverfront pathways for biking, walking, and seasonal activities. With its welcoming community, strong rental inventory, and a balance of academic, cultural, and recreational amenities, Waterville remains an attractive place to call home in the heart of Maine.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $997 | $1,100 | $260 - $1,325 | $1,000 - $1,300 |
| Apartment | 2 Bedroom | $1,341 | $1,275 | $1,250 - $1,500 | $1,250 - $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
$1,048 for 1 Bedroom,
$1,343 for 2 Bedroom, and
$1,750 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.