Waterville is a town in Lamoille County, Vermont, United States.

Vermont Route 109 runs through the center of town, up the North Branch valley.

The racial makeup of the town was 97.27% White, 0.43% Native American, 0.29% Asian, and 2.01% from two or more races.

The 20th-century American oil painter Emile Gruppe painted Waterville on several canvases from a variety of points of view, almost always including the church, the North Branch of the Lamoille River, and the Church Street covered bridge.

Gruppe maintained a seasonal studio and painting school in the nearby village of Jeffersonville.