
Cheap Apartments for Rent in the Downtown Boston Neighborhood of Boston, MA from $700 (98 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Boston area of Boston.


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37 Oak St, Unit 1 room

120 Charles St

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117 Beacon St, Unit 405-2

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18 Parmenter St, Unit 1

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58 S Russell St, Unit 2

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3 Goodwin Pl, Unit B

9 Bowdoin St

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367 Western Ave, Unit 2B

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36 S Russell St, Unit 3
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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50 S Russell St, Unit 3

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54 S Russell St, Unit 6

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58 S Russell St, Unit 2

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42 S Russell St, Unit 3

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66 Phillips St, Unit A

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42 Anderson St, Unit 3

62 on the Park

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44 Bromfield St

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51 Anderson St, Unit 3

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20 Mount Vernon St, Unit 601
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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28 Mount Vernon St, Unit 102

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46 Joy St, Unit 10

14 Isabella St

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22 Henchman St, Unit 2

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24 Commonwealth Ave, Unit #1

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32 Anderson St, Unit A11

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26 Fayette St, Unit 1

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32 Anderson St, Unit 4

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25 Fayette St, Unit 1

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56 Joy St, Unit 9
Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.

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20 Fayette St

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15 Sheafe St, Unit 2

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37 Anderson St, Unit 2

274 Cambridge St

44 Charles St

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45 Stuart St

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14 Tyler St, Unit #3

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42 Anderson St, Unit 3-2

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83 Essex St
Explore Like a Local: The Insider's Guide to Boston
Explore Boston like a local with our guide to neighborhoods, history, and hidden gems. Discover the city's best apartments, from historic brownstones to modern high-rises, and find your perfect Boston home.

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22 Sheafe St, Unit 2

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80 Essex St, Unit 5

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83 Essex St, Unit 5

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78 Essex St, Unit 1

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24 Garden St, Unit 7

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23 Garden St, Unit 7

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83 Essex St, Unit 75

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68 Essex St, Unit 6

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95 N Margin St, Unit 3

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43 Anderson St, Unit #41-32
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Downtown Boston, Boston, MA Local Guide

How much does it cost to rent an apartment in Downtown Boston?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Boston Studio Apartments | $2,879 | $1,950 | $8,267 |
| Downtown Boston 1 Bedroom Apartments | $3,535 | $1,700 | $10,000+ |
| Downtown Boston 2 Bedroom Apartments | $4,334 | $2,400 | $10,000+ |
| Downtown Boston 3 Bedroom Apartments | $5,230 | $2,800 | $10,000+ |
| Downtown Boston 4 Bedroom Apartments | $7,158 | $5,250 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 98 rentals with your search options within a 2 mile radius of the Downtown Boston Neighborhood of Boston, MA.
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Downtown Boston, Boston, MA Local Guide
- Nearby Boston neighborhoods
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Best Value Apartments for Rent in Downtown Boston, MA
As of December 21, 2025 the best value apartment in the Downtown Boston area is the $0.20 price per square foot 18 Parmenter St Model at 18 Parmenter St, Unit 1 in the in the Financial District neighborhood starting from $2,000. The second greatest value Downtown Boston apartment is the 54 S Russell St Model at 54 S Russell St, Unit 6 starting at $2,100 with a $0.21 price per square foot in the Financial District neighborhood. Here is today’s list of the best values for Downtown Boston apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 18 Parmenter St, Unit 1 | 18 Parmenter St | 1BR,1BA | $0.20 |
| 54 S Russell St, Unit 6 | 54 S Russell St | Studio ,1BA | $0.21 |
| 58 S Russell St, Unit 2 | 58 S Russell St | Studio ,1BA | $0.21 |
| 25 Fayette St, Unit 1 | 25 Fayette St | 1BR,1BA | $0.23 |
| 117 Beacon St, Unit 405-2 | 117 Beacon St | Studio ,1BA | $0.20 |
| 42 S Russell St, Unit 3 | 42 S Russell St | Studio ,1BA | $0.21 |
| 32 Anderson St, Unit A11 | 32 Anderson St | Studio ,1BA | $0.23 |
| 36 S Russell St, Unit 3 | 36 S Russell St | Studio ,1BA | $0.21 |
| 50 S Russell St, Unit 3 | 50 S Russell St | Studio ,1BA | $0.21 |
| 367 Western Ave, Unit 2B | 367 Western Ave | Studio ,1BA | $0.21 |
Boston Neighborhood Guide: Living Near UMass, MGH, and State Street
Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleTop Neighborhoods Near Boston Colleges and Universities
Learn About the Best Neighborhoods to Rent Near College Campuses in Boston, MA | Find Boston Off-Campus Student Housing at ApartmentHomeLiving.com
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleDowntown Boston, Boston, MA
Ranked #60
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Downtown Boston, Boston, MA
School data provided by Great Schools
Frequently Asked Questions about Cheap Downtown Boston Apartments
What is the most affordable Downtown Boston Three Bedroom Apartment?
The best deal on a cheap Downtown Boston Three Bedroom Apartment rental is at 15 Bartlett Pl and starts from $4,200.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

The 10 Best Affordable Neighborhoods in Boston, MA
Written by: Amelia Ramstead
Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

A Local Experts Guide to the Top Boston Neighborhoods for College Renters
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts! We’re excited to help you find your new home, and getting to know the neighborhood is an important part of that process!

Explore Like a Local: The Insider's Guide to Boston
Written by: Amelia Ramstead
Hello from Boston, Massachusetts! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, and I’m here to give you the inside scoop on this unique city.

Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.
Articles, How-To's, and Tips

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.
