
Cheap Apartments for Rent in the Downtown Boston Neighborhood of Boston, MA from $700 (137 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Boston area of Boston.


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333 Washington St, Unit 1

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80 West Cedar St

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58 S Russell St, Unit 2

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56 S Russell St, Unit 4

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20 Cooper St

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3 Goodwin Pl, Unit B

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50 S Russell St

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58 S Russell St, Unit 2

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54 S Russell St, Unit 6
What It Really Costs to Live in Boston: A Local Renter’s Guide
Thinking of moving to Boston? Discover the real cost of living in the city. Our local expert guide breaks down rent, hidden utility costs, transportation tips, and neighborhood tradeoffs to help you budget smarter.

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56 Prince St, Unit 1

19 Clark St

62 on the Park

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70 Pinckney St

189 Washington St, Unit 6

144 Bowdoin St, Unit 21

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41 Revere St, Unit 7

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142 Bowdoin St

41 Revere St

19 S Russell St
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144 Bowdoin St, Unit 51

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36 S Russell St, Unit 3

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42 S Russell St, Unit 3

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51 Anderson St, Unit 3

34 Mt Vernon St

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33 Grove St, Unit 2

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26 Fayette St

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25 Fayette St, Unit 1

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6 Champney Pl, Unit 2

288 Hanover St
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20 Fayette St

144 Bowdoin St, Unit 31

152 Mt Vernon St

181 Salem St

62 Boylston St, Unit M03

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15 Sheafe St, Unit 2

62 Boylston St, Unit M17

62 Boylston St, Unit 823

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28 Myrtle St, Unit 3

9 Grove St
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26 Myrtle St

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63 Myrtle St, Unit 6

62 Boylston St, Unit 223

62 Boylston St, Unit 423

161 Endicott St, Unit 2R

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22 Sheafe St, Unit 2

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30 Sheafe St, Unit 3

81 Essex St, Unit 61

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83 Essex St

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2 Champney Pl, Unit 2
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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 | $2,863 | $2,000 | $8,424 |
| Downtown Boston 1 Bedroom Apartments | $3,641 | $2,100 | $10,000+ |
| Downtown Boston 2 Bedroom Apartments | $4,600 | $1,995 | $10,000+ |
| Downtown Boston 3 Bedroom Apartments | $5,864 | $2,985 | $10,000+ |
| Downtown Boston 4 Bedroom Apartments | $7,643 | $4,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 137 rentals with your search options within a 2 mile radius of the Downtown Boston Neighborhood of Boston, MA.
See all Apartments in BostonExplore Boston
Downtown Boston, Boston, MA Local Guide
- Nearby Boston neighborhoods
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Cheapest Available Downtown Boston Apartments for Rent
 The cheapest available apartment rental in the Downtown Boston area of Boston, MA is a 1 Bed unit found at Boylston St, 40 priced from $1,517. Essex Apartments, 81 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,675. Here are the most affordable Downtown Boston apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Boylston St, 40 | 1 Bed 1 Bath | 1BR,1BA | $1,517 |
| Essex Apartments, 81 | 1 Bedroom 1 Bath | 1BR,1BA | $1,675 |
| 62 on the Park | Studio | Studio,1BA | $2,150 |
Best Value Apartments for Rent in Downtown Boston, MA
As of July 25, 2026 the best value apartment in the Downtown Boston area is the $0.20 price per square foot 58 S Russell St Model at 58 S Russell St, Unit 2 in the in the Financial District neighborhood starting from $2,000. The second greatest value Downtown Boston apartment is the 50 S Russell St Model at 50 S Russell St 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. |
|---|---|---|---|
| 58 S Russell St, Unit 2 | 58 S Russell St | Studio ,1BA | $0.20 |
| 50 S Russell St | 50 S Russell St | Studio ,1BA | $0.21 |
| 42 S Russell St, Unit 3 | 42 S Russell St | Studio ,1BA | $0.23 |
| 36 S Russell St, Unit 3 | 36 S Russell St | Studio ,1BA | $0.23 |
| 15 Sheafe St, Unit 2 | 15 Sheafe St | 1BR,1BA | $0.23 |
| 22 Sheafe St, Unit 2 | 22 Sheafe St | 1BR,1BA | $0.24 |
| 39 Charter St | 39 Charter St | 1BR,1BA | $0.24 |
| 83 Essex St | 83 Essex St | 1BR,1BA | $0.24 |
| 83 Essex St, Unit 75 | 83 Essex St | 1BR,1BA | $0.26 |
| 86 Myrtle St, Unit 22 | 86 Myrtle St | Studio ,1BA | $0.27 |
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 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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 #47
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 a cheap apartment in Downtown Boston?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Boston is under $2,150.
What is the price of a cheap apartment in Downtown Boston?
The cheapest apartment in Downtown Boston is Boylston St, 40 which is listed at $1,517, while the average apartment in Downtown Boston costs $6,920.
How do the prices of cheap apartments compare to the average apartment in Downtown Boston?
Cheap apartments in Downtown Boston have an average cost of $311 which is $6,609 cheaper than the average rent for all rentals in Downtown Boston.
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

What It Really Costs to Live in Boston: A Local Renter's Guide
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston.

Close to Boston, Easier to Rent: Your Guide to 5 Key Neighboring Cities
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com expert for Boston!

Top Short-Term Rental Neighborhoods in Boston: Tips from a Local Expert
Written by: Amelia Ramstead
Hi! I’m Amelia, your ApartmentHomeLiving.com expert for Boston, and I’m excited to help you find your next home!

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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.