
Cheap Homes for Rent in Downtown Boston Neighborhood of Boston, MA from $1,200 (133 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Boston area of Boston.


Room in Shared 5 bed/1 bath home, Unit E

Room in Shared 3 bed/1 bath home, Unit B

Room in Shared 5 bed/1 bath home, Unit A

Room in Shared 3 bed/1 bath home, Unit C

Furnished Private Bedroom in North End

Room in Shared 3 bed/1 bath home, Unit C

Room in Shared 3 bed/1 bath home, Unit B

Room in Shared 3 bed/1 bath home, Unit B

Room in Shared 3 bed/1 bath home, Unit B
Top Short-Term Rental Neighborhoods in Boston: Tips from a Local Expert
Get a local expert's guide to Boston's top 5 short-term rental neighborhoods. Essential tips on Fenway, Beacon Hill, Seaport, and Allston/Brighton.

Room in Shared 3 bed/1 bath home, Unit C

Room in Shared 3 bed/1 bath home, Unit C

Room in Shared 3 bed/1 bath home, Unit A

Room in Shared 3 bed/1 bath home, Unit A

Room in Shared 3 bed/1 bath home, Unit B

Room in Shared 4 bed/1 bath home, Unit C

40 Anderson St, Unit 3

40 Anderson St, Unit 15

42 Lomasney Wy, Unit 1

43 Anderson St, Unit 3
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Room in Shared 3 bed/1 bath home, Unit C

40 Anderson St, Unit 17

38 Anderson St, Unit 2

189 Washington St, Unit 6

62 Boylston St, Unit 519

62 Boylston St, Unit L15

372 North St, Unit 1

11 Charter St, Unit 3R

68 Myrtle St, Unit 8

90 Myrtle St, Unit 8CP
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.

90 Myrtle St, Unit 6CP

90 Myrtle St, Unit 8

Room in Shared 5 bed/1 bath home, Unit C

74 Phillips St

62 Boylston St, Unit 111

62 Boylston St, Unit L11

62 Boylston St, Unit M3

62 Boylston St, Unit M03

62 Boylston St, Unit 823

59 Hancock St
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.

37 Revere St, Unit 3

62 Boylston St, Unit 121

62 Boylston St, Unit 619

123 Myrtle St, Unit 2

62 Boylston St, Unit 223

62 Boylston St, Unit 726

62 Boylston St, Unit 423

62 Boylston St, Unit 908

62 Boylston St, Unit 216

62 Boylston St, Unit 712
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.
Downtown Boston, Boston, MA Local Guide

How much does it cost to rent a home in Downtown Boston?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Boston 2 Bedroom Homes for Rent | $4,331 | $2,500 | $10,000+ |
| Downtown Boston 3 Bedroom Homes for Rent | $5,426 | $1,460 | $10,000+ |
| Downtown Boston 4 Bedroom Homes for Rent | $8,219 | $1,760 | $10,000+ |
| Downtown Boston 5 Bedroom Homes for Rent | $1,552 | $1,210 | $2,310 |
| Downtown Boston 6 Bedroom Homes for Rent | $8,000 | $8,000 | $8,000 |
Browse Homes for Rent in this Neighborhood
There are currently 133 rentals with your search options within a 2 mile radius of the Downtown Boston Neighborhood of Boston, MA.
Explore Boston
Downtown Boston, Boston, MA Local Guide
- Nearby Boston neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Best Value Apartments for Rent in Downtown Boston, MA
As of July 05, 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 39 Charter St Model at 39 Charter St starting at $2,500 with a $0.25 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 |
| 39 Charter St | 39 Charter St | 1BR,1BA | $0.25 |
| 15 Sheafe St, Unit 2 | 15 Sheafe St | 1BR,1BA | $0.23 |
| 42 S Russell St, Unit 3 | 42 S Russell St | Studio ,1BA | $0.23 |
| 66 Phillips St, Unit A | 66 Phillips St | Studio ,1BA | $0.21 |
| 36 S Russell St, Unit 3 | 36 S Russell St | Studio ,1BA | $0.23 |
| 50 S Russell St | 50 S Russell St | Studio ,1BA | $0.21 |
| 22 Garden St, Unit 20-8 | 22 Garden St | 1BR,1BA | $0.24 |
| 83 Essex St | 83 Essex St | 1BR,1BA | $0.24 |
| 58 S Russell St, Unit 2 | 58 S Russell St | Studio ,1BA | $0.20 |
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 #69
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 Downtown Boston
What type of rentals are currently available in Downtown Boston?
There are currently 1133 Apartments for Rent in Downtown Boston, MA with pricing that ranges from $1,600 to $25,927. There are also 555 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Boston ranging from $1,210 to $35,000.
What is the current price range for Rental Homes in Downtown Boston?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Boston ranges from $1,210 to $35,000 with an average monthly rent of $4,824.
How much are larger Three and Four Bedroom Rentals in Downtown Boston?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Boston range from $2,985 to $18,869, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,460 to $35,000. Four Bedroom Single-Family rentals are also available starting from $1,760 and Four Bedroom Apartments start at $4,000.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.