Low Income Apartments and Affordable Housing For Rent in Waterville, ME

Discover affordable housing in Waterville where there are 9+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Gilman Place

21 Gilman St, Waterville, Maine 04901

Seton Village

1 Carver St, Waterville, Maine 04901

Durbin Apartments

6 Kimball St, Waterville, Maine 04901

Pleasant Crossing

89 Pleasant St, Waterville, Maine 04901

St. Francis Apartments

52 Elm St, Waterville, Maine 04901

Merici Woods

88 Silver St, Waterville, Maine 04901

Kennebec Street Apartments

1-7 Dunton Court; 10A-18B Kennebec Street, Waterville, Maine 04901

Lockwood Mill I

6 Water Street, Waterville, Maine 04901

Elm Towers

60 Elm St, Waterville, Maine 04901

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Waterville, Maine
$6.76 (+48%) more than Maine minimum wage and $13.66 (+188%) more than the Federal minimum wage.
Learn More About Waterville, Maine Affordable Housing ↓

What HUD offices serve Waterville, Maine?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Emergency Housing Voucher (EHV) programs for Waterville, Maine.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Waterville, Maine.

Go to the Maine Public Housing and Low-Income Apartments Waiting Lists page for openings near Waterville.

How many renters live in Waterville, Maine?

The City of Waterville has 15,785 people living in 6,366 households.

There are 6,825 renters living in 3,425 renter households in this City. Renters make up 43.24 percent of the population living in Waterville.

What is the rental market like in Waterville, Maine?

There are an estimated 6,688 housing units in the Waterville area. Of these, 3,493 units are rental homes, making up 52 percent of the housing market. For every renter household in Waterville, Maine, there are 1 rental units.

What is the vacancy rate for rentals in Waterville?

The rental vacancy rate in Waterville is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Waterville for each bedroom size?

Occupied Rental Units by Size in Waterville
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
159 1,344 1,182 570 128
Occupied Rental Units by Size in Waterville

A large number of apartments in Waterville have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Waterville are overburdened by housing costs?

Among renter households in this market, 44 percent have housing cost burden. Further, 21 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Waterville

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $857 to $1,622. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $857
One BR $860
Two BR $1,104
Three BR $1,374
Four BR $1,622
2024 Fair Market Rents in Waterville, Maine

How many units are rented at Fair Market Rent (FMR) in Waterville?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 78 49 percent
One BR 954 71 percent
Two BR 721 61 percent
Rental Units Below FMR in Waterville, Maine

How many affordable rental units are in Waterville?

There are a variety of federal affordable housing programs serving households in Waterville, Maine including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 102
Public Housing 193
Section 8 Project-Based Rental Assistance 156
Section 202 Supportive Housing for the Elderly 40
Tracked Units by Federal Program in Waterville, Maine

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Waterville, Maine

Waterville features 453 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Waterville, Maine

There are 96 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Waterville.

Housing Choice Vouchers in Waterville, Maine

On average, Section 8 Housing Choice vouchers pay Waterville landlords $700 per month towards rent. The average voucher holder contributes $300 towards rent in Waterville.

The maximum amount a voucher would pay on behalf of a low-income tenant in Waterville, Maine for a two-bedroom apartment is between $994 and $1,214.

Sourced from federal housing data and AffordableHousingOnline.com research.