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4 Days Ago

Location

47 Elm St #5, Waterville, ME 04901, USA

Tour 47 Elm St #5

Contact

Spectrum Property Management

(844) 325-6407 ext. 2814

Property Overview

Located conveniently near top-rated educational institutions, with the nearest elementary school just 0.14 miles away and the high school 0.43 miles away, this property offers great accessibility. It ranks in the 81.25 percentile for value for money among local properties, indicating a strong investment. Additionally, it features attractive aspects that enhance its appeal in the community.

This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.

Things you’ll love

  • Elementary school nearby
  • Less expensive
  • High school nearby

Great for

  • Eco living

Amenities for 47 Elm St #5

Services

On-Site Management
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Questions about this property’s policies and fees?

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About 47 Elm St #5

HomeApartments in Waterville 47 Elm St #5, Waterville, ME 04901, USA

47 Elm St, Unit 5 Rent: $900/month Security Deposit: $900 Available: Now Welcome to 47 Elm St, Unit 5 — a bright and affordable 1-bedroom, 1-bath apartment located right in downtown Waterville. This clean, well-maintained unit offers unbeatable convenience, with shopping, dining, and entertainment just steps away. Perfect for professionals, students, or anyone seeking a simple, comfortable home in a walkable location. Unit Details 1 bedroom, 1 bathroom Heat and hot water included Tenant pays electricity Clean, efficient layout with great natural light Quiet, secure building in the heart of downtown Location Highlights Prime Downtown Waterville location — walk to restaurants, cafes, and shops Minutes from Colby College, Thomas College, and MaineGeneral Medical Center Easy access to I-95 and all major routes Lease Information Rent: $900/month Security Deposit: $900 Lease Term: 18 months Pets: Accepted with additional pet fees Availability: Immediate Enjoy convenient, low-maintenance living in downtown Waterville — where comfort meets accessibility. Contact Spectrum Property Management today to schedule a showing or request an application. By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.


Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How 47 Elm St, Waterville, ME 04901, USA compares to other nearby properties.

Positives

Elementary school nearby
There is an elementary school 0.1 mile away
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
High school nearby
There is a high school 0.4 mile away

Address details

Zip code04901
TypeApartment for rent

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Rent trends in Waterville

1-bedroom apartments at 47 Elm St #5 cost about 10% less than the average rent price for 1-bedroom apartments in Waterville.

Median rents as of Nov 15 2025.
Waterville
A table of 1-bedroom apartment rental data trends in Waterville
MonthMedian Rent
December 2023$1,075
January 2024$1,162
February 2024$956
March 2024$957
April 2024$1,062
May 2024$1,108
June 2024$1,100
July 2024$1,025
August 2024$1,050
September 2024$1,004
October 2024$1,067
November 2024$1,065
December 2024$997
January 2025$1,025
February 2025$1,006
March 2025$1,055
April 2025$1,037
May 2025$1,037
June 2025$1,105
July 2025$1,075
August 2025$1,088
September 2025$1,094
October 2025$1,043
November 2025$1,012

Affordability calculator

Can I afford to live at 47 Elm St #5?

Bedrooms

1 bedroom

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$36,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $36,000 annually to afford this 1-bedroom monthly rent price of $900.
For more information on rent affordability, visit our rent calculator.

Rent history

The increase or decrease in monthly rent compared to the previous listing price.
Check out the past listing prices for monthly rent at 47 Elm St, Waterville, ME.
5 months ago$9001 bed1 bath

Schools near 47 Elm St #5

Albert S. Hall School

27 pleasant st

waterville, ME, 4901

4-5Public
C

George J. Mitchell School

58 drummond ave

waterville, ME, 4901

PK, K-3Public
C+
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Internet available near 47 Elm St #5

Getting around Waterville near 47 Elm St #5

Walking

5/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

4/10
This is semi-bikeable, but you’ll need another way of getting around.

Points of interest for 47 Elm St #5, Waterville

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Variety of shops within walking distance

Cafes

5/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

5/10
At least one high school within a 30-minute walk

Nightlife

4/10
Few or no bars within walking distance

Other units at this address

47 Elm St Waterville, ME

Occupied

3

1 Bed

1 Bath

$900

Listed by Spectrum Property Management
Days on market: 186
🏡 For Rent – 1br/1ba | Waterville, Me 📍 47 Elm St, Apt 3 💰 $900/month 🔒 $1000 security deposit 🛏 1 Bed | 🛁 1 Bath Cozy & clean 1-bedroom apartment available now in Waterville! Close to downtown, shopping, and more. ✅ Heat, water, sewer, trash & snow removal Included ⚡ Tenant pays electric only Ready to move in! Message me for more details or to schedule a tour. 📩 By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.

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