Central Maine Rent Report
Central Maine Rent Report: September 2026
What rentals in Waterville, Augusta, Rumford and the surrounding towns are renting for, from the units Standard Management Company manages. Updated quarterly. Free to cite with a link back to this page.
Source: 161 occupied and available units under Standard Management Company management across 20 Central Maine towns, AppFolio market rent as of September 1, 2026. Medians are shown; figures are rounded to the nearest $25. Towns with fewer than four units are grouped as "Other Central Maine towns."
Median monthly rent by town
| Town | Units in sample | All units | 1 bedroom | 2 bedroom | 3 bedroom |
|---|---|---|---|---|---|
| Waterville | 69 | $1,400 | $1,150 | $1,300 | $1,650 |
| Rumford | 21 | $1,100 | $850 | $1,100 | $1,275 |
| Augusta | 15 | $1,400 | $1,225 | $1,400 | $1,900* |
| Fairfield | 10 | $1,150 | $1,075 | $1,625* | $2,200* |
| Winslow | 7 | $1,500 | $1,100* | $1,650* | $1,450 |
| Skowhegan | 6 | $1,300 | $1,025 | $1,550* | n/a |
| Oakland | 4 | $1,050 | $1,050 | n/a | n/a |
| Other Central Maine towns | 29 | $1,550 | $1,175 | $1,400 | $2,150 |
* Fewer than three units in that cell; treat as a single data point, not a market median. "Other Central Maine towns" includes Biddeford, Clinton, Gardiner, Mexico, Sidney, Vassalboro, Winthrop, Lewiston, China, Anson, Albion and Unity.
What the numbers say
- Waterville two-bedrooms cluster around $1,300. A clean, updated two-bedroom in a walkable neighborhood rents at $1,350 to $1,450. Older units without in-unit laundry sit closer to $1,200.
- The three-bedroom premium is real. In Waterville a three-bedroom rents roughly $350 above a two-bedroom. Families and roommate groups compete for these, and they fill faster than one-bedrooms.
- Rumford is the value market. A one-bedroom in the River Valley rents for about $850 and a three-bedroom for about $1,275, roughly 25 percent below Waterville. Purchase prices are lower by a wider margin, which is why out-of-area investors keep asking about it.
- Augusta tracks Waterville. Median rent is the same $1,400 across our Augusta units, with one-bedrooms slightly higher than Waterville because of state-workforce demand near the capitol.
- Asking rents on Zillow run below our achieved rents in Waterville. In a June 2026 snapshot of 18 Waterville listings from other managers and owners, the median asking rent was $1,250 and the median listing had sat 35 days. Well-maintained units priced correctly lease in less time than that.
How to use this if you own a rental here
Compare your current rent to the median for your town and bedroom count. If you are more than 10 percent below it and your unit is in good condition, you are probably leaving money on the table at renewal. If you are more than 10 percent above it, expect longer vacancy unless the unit has something the median does not: in-unit laundry, off-street parking, updated kitchen and bath, or heat included.
Want a number for your specific building? We do a free rental evaluation for any Central Maine owner, whether or not you hire us. See how our management works and what it costs, or request an evaluation.
Method and reuse
Figures are the median AppFolio market rent for units under Standard Management Company management on September 1, 2026, grouped by the town in the property address. Market rent is the rent the unit is currently leased at or, for a vacant unit, the rent it is listed at. The sample is weighted toward Waterville and the River Valley because that is where we manage the most units, and it is not a random sample of the whole market. Bedroom cells with fewer than three units are marked with an asterisk.
Journalists, researchers and other landlords are welcome to quote this report with attribution to Standard Management Company and a link to this page. For a town or bedroom breakdown not shown here, email sales@standardmanagementco.com.
Related: Waterville property management, Augusta property management, Rumford property management, all Central Maine markets we serve.
