Studio Apartment Rent in Waterville, ME
Median asking rent for a studio apartment in Waterville, Maine as of July 2026. That's +18% lower than the citywide median of $1,295 and +18% below the national studio median of $1,290.
Income needed for a studio in Waterville
Using the standard 30% rent-to-income guideline (the threshold above which households are considered rent-burdened), here's what you need to earn to comfortably afford a studio at the current median rent.
Rent by apartment size in Waterville
Compare Waterville's median rent across every apartment size.
Cheapest cities for a studio in Maine
| # | City | Studio rent |
|---|---|---|
| 1 | Presque Isle | $780 |
| 2 | Rockland | $810 |
| 3 | Augusta | $860 |
| 4 | Auburn | $890 |
| 5 | Lewiston | $890 |
| 6 | Bath | $980 |
| 7 | Bangor | $1,010 |
| 8 | Old Town | $1,030 |
| 9 | Waterville (this page) | $1,063 |
| 10 | Sanford | $1,070 |
| 11 | Orono | $1,120 |
| 12 | Biddeford | $1,190 |
| 13 | Old Orchard Beach | $1,190 |
| 14 | Brunswick | $1,260 |
| 15 | Gorham | $1,280 |
Most expensive cities for a studio in Maine
| # | City | Studio rent |
|---|---|---|
| 1 | Falmouth | $1,890 |
| 2 | Cape Elizabeth | $1,890 |
| 3 | Yarmouth | $1,590 |
| 4 | Scarborough | $1,580 |
| 5 | South Portland | $1,550 |
| 6 | Freeport | $1,490 |
| 7 | Kittery | $1,410 |
| 8 | Portland | $1,407 |
| 9 | Saco | $1,340 |
| 10 | Gorham | $1,280 |
| 11 | Brunswick | $1,260 |
| 12 | Old Orchard Beach | $1,190 |
| 13 | Biddeford | $1,190 |
| 14 | Orono | $1,120 |
| 15 | Sanford | $1,070 |
Nearby cities — studio rent
Considering nearby alternatives? 5 of these cities have cheaper studio rents than Waterville.
| City | Distance | Studio rent | vs Waterville |
|---|---|---|---|
| Augusta, ME | 15.9 mi | $860 | $-203 (-19%) |
| Rockland, ME | 44.7 mi | $810 | $-253 (-24%) |
| Bath, ME | 47.7 mi | $980 | $-83 (-8%) |
| Lewiston, ME | 49.1 mi | $890 | $-173 (-16%) |
| Brunswick, ME | 51 mi | $1,260 | +$197 (+19%) |
| Auburn, ME | 53.5 mi | $890 | $-173 (-16%) |
| Bangor, ME | 57.6 mi | $1,010 | $-53 (-5%) |
| Freeport, ME | 58.1 mi | $1,490 | +$427 (+40%) |
| Yarmouth, ME | 63.9 mi | $1,590 | +$527 (+50%) |
| Orono, ME | 65.6 mi | $1,120 | +$57 (+5%) |
| Old Town, ME | 69.9 mi | $1,030 | $-33 (-3%) |
| Falmouth, ME | 71.5 mi | $1,890 | +$827 (+78%) |
Studio rent in Waterville — common questions
How much is a studio apartment in Waterville?
As of July 2026, the median studio apartment rent in Waterville, Maine is $1,063 per month. This is +18% below the citywide median of $1,295.
What income do you need to afford a studio in Waterville?
Using the standard 30% rent-to-income rule, you would need an annual income of about $42,520 ($3,543/month gross), which works out to roughly $20.44/hour at a full-time job.
Is Waterville expensive for a studio compared to the rest of the US?
Waterville's studio median of $1,063 is +18% below the national studio median of $1,290. It ranks in the 33th percentile of US cities tracked.
How does Waterville rank for studio rent in Maine?
Among the 24 cities in Maine with studio data, Waterville ranks #9 from cheapest to most expensive.
Are there cheaper studio options near Waterville?
Yes — nearby cities with cheaper studio rents include Augusta ($860), Rockland ($810), Bath ($980).