
Cheap Apartments for Rent in the Downtown Boston Neighborhood of Boston, MA from $1,500 (157 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Boston area of Boston.


Furnished Private Bedroom in North End

Furnished Private Bedroom in North End

93 Beacon St

Furnished Private Bedroom in North End

85 E India Row

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14 Unity St, Unit 3-R

40 Anderson St

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43 Irving St

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62 Anderson St, Unit 58 anderson street
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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65 Anderson St

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117 Beacon St

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58 S Russell St, Unit 2

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3 Goodwin Pl, Unit B

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66 Phillips St, Unit A

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40 Anderson St

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50 S Russell St

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54 S Russell St, Unit 6

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58 S Russell St, Unit 2

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367 Western Ave, Unit 2B
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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47 Joy St

40 Anderson St

49 Brimmer St

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42 Anderson St, Unit 3

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6 Foster St, Unit 2

40 Anderson St

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56 Prince St, Unit 9

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56 Prince St, Unit 2

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30 Anderson St, Unit 40 anderson street

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32 Anderson St
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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51 Anderson St, Unit 3

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11 Bartlett Pl

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28 Mount Vernon St

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74 Revere St

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20 Mount Vernon St

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21 Mount Vernon Sq

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46 Joy St

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42 Anderson St

40 Anderson St

41 Anderson 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.

40 Anderson St

40 Anderson St

72 Revere St

41 Anderson St

40 Anderson St

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42 Anderson St

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50 Prince St, Unit 3

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92 Endicott St

40 Anderson St

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36 S Russell St, Unit 3
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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 | $2,751 | $1,600 | $10,000+ |
| Downtown Boston 1 Bedroom Apartments | $3,637 | $1,600 | $10,000+ |
| Downtown Boston 2 Bedroom Apartments | $4,580 | $2,400 | $10,000+ |
| Downtown Boston 3 Bedroom Apartments | $6,231 | $3,200 | $10,000+ |
| Downtown Boston 4 Bedroom Apartments | $8,850 | $5,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 157 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
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Cheapest Available Downtown Boston Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Boylston St, 40 | 1 Bed 1 Bath | 1BR,1BA | $1,517 |
Best Value Apartments for Rent in Downtown Boston, MA
As of April 08, 2026 the best value apartment in the Downtown Boston area is the $0.24 price per square foot 22 Sheafe St Model at 22 Sheafe St, Unit 2 in the in the Financial District neighborhood starting from $2,400. The second greatest value Downtown Boston apartment is the 46 Joy St Model at 46 Joy St starting at $2,200 with a $0.22 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. |
|---|---|---|---|
| 22 Sheafe St, Unit 2 | 22 Sheafe St | 1BR,1BA | $0.24 |
| 46 Joy St | 46 Joy St | 1BR,1BA | $0.22 |
| 21 Mount Vernon Sq | 21 Mount Vernon Sq | Studio ,1BA | $0.23 |
| 43 Anderson St, Unit #41-32 | 43 Anderson St | Studio ,1BA | $0.24 |
| 117 Beacon St | 117 Beacon St | Studio ,1BA | $0.21 |
| 66 Phillips St, Unit A | 66 Phillips St | Studio ,1BA | $0.21 |
| 50 S Russell St | 50 S Russell St | Studio ,1BA | $0.21 |
| 58 S Russell St, Unit 2 | 58 S Russell St | Studio ,1BA | $0.20 |
| 73 Hudson St, Unit 3 | 73 Hudson St | 1BR,1BA | $0.23 |
| 142 Bowdoin St | 142 Bowdoin St | Studio ,1BA | $0.23 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleBoston 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 ArticleCash 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.
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 #62
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 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 $20,000.
What types of apartments are the cheapest in Downtown Boston?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 21 regular apartments in Downtown Boston that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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 $326 which is $19,674 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

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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.