
Cheap Apartments for Rent in the Waterfront Neighborhood of Boston, MA from $775 (71 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Boston.


Total Monthly Price
27 Woodward St, Unit 3

Furnished Private Bedroom in East Boston

124 Bowdoin St

New Castle Court

549 Bennington St

The Charlestown - Senior Residences 62+

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248 Newbury St, Unit 12

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Burbank Terrace

35 @ EightSixty
Moving to Boston Without Losing Your Mind: A Renter’s Guide to a Smooth Move
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63 Myrtle St, Unit 11

Furnished private bedroom with private ensuite bath

302 Newbury St

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399 Marlborough St

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334 Marlborough St, Unit 6

15-25 Hemenway St

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550 Columbus Ave, Unit 1

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32 Saint Stephen St

7INK

767 Tremont St, Unit 8
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767 Tremont St

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258 Beacon St, Unit 2A

405 Beacon St, Unit D

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333 Washington St, Unit 1

405 Beacon St, Unit 4

405 Beacon St, Unit 15

405 Beacon St, Unit C

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304 Newbury St, Unit 8

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389 Beacon St

405 Beacon St, Unit A
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405 Beacon St, Unit B

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20 Cooper St, Unit 2

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56 S Russell St, Unit 4

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80 West Cedar St

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471 Commonwealth Ave

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58 S Russell St, Unit 2

63 Frankfort St

134 Princeton St

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471 Commonwealth Ave

Total Monthly Price
471 Commonwealth Ave
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30 Anderson St

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38 Anderson St

St. Botolph Street Apartments

24 Mount Vernon St

Barnes School Apartments

NABC - A17

130 Bowdoin St (BostonView Apartments)

215 Beacon St

96 Saint Botolph St

196 St. Botolph St
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Waterfront, Boston, MA Local Guide

How much does it cost to rent an apartment in Waterfront?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Waterfront Studio Apartments | $2,892 | $1,500 | $8,447 |
| Waterfront 1 Bedroom Apartments | $3,678 | $1,200 | $10,000+ |
| Waterfront 2 Bedroom Apartments | $4,591 | $850 | $10,000+ |
| Waterfront 3 Bedroom Apartments | $4,806 | $850 | $10,000+ |
| Waterfront 4 Bedroom Apartments | $5,534 | $850 | $10,000+ |
| Waterfront 5 Bedroom Apartments | $6,441 | $4,000 | $8,500 |
| Waterfront 6 Bedroom Apartments | $8,000 | $7,000 | $9,800 |
Browse Apartments in this Neighborhood
There are currently 71 rentals with your search options within a 2 mile radius of the Waterfront Neighborhood of Boston, MA.
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Waterfront, Boston, MA Local Guide
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Cheapest Available Waterfront Apartments for Rent
 The cheapest available apartment rental in the Waterfront area of Boston, MA is a 1 Bed unit found at The Charlestown - Senior Residences 62+ priced from $1,700. New Castle Court has the second lowest priced unit, which is a Studio apartment currently listed from $1,723. Here are the most affordable Waterfront apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Charlestown - Senior Residences 62+ | 1 Bed, 1 bath | 1BR,1BA | $1,700 |
| New Castle Court | Newcastle | Studio,1BA | $1,723 |
| 35 @ EightSixty | Studio - Income-Based | Studio,1BA | $1,737 |
| Burbank Terrace | 1 Bedroom | 1BR,1BA | $1,847 |
| 15-25 Hemenway St | Two Bedroom | 2BR,1BA | $1,900 |
| 7INK | Georgia | 3BR,2BA | $1,998 |
Best Value Apartments for Rent in Waterfront, MA
As of August 23, 2026 the best value apartment in the Waterfront area is the $0.23 price per square foot 16 Cumberland St Model at 16 Cumberland St, Unit 3 in the in the Kendall Square neighborhood starting from $2,300. The second greatest value Waterfront apartment is the 116 Marlborough St Model at 116 Marlborough St, Unit 7 starting at $2,375 with a $0.24 price per square foot in the Kendall Square neighborhood. Here is today’s list of the best values for Waterfront apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 16 Cumberland St, Unit 3 | 16 Cumberland St | 1BR,1BA | $0.23 |
| 116 Marlborough St, Unit 7 | 116 Marlborough St | Studio ,1BA | $0.24 |
| 22 Sheafe St, Unit 2 | 22 Sheafe St | 1BR,1BA | $0.24 |
| 15 Sheafe St, Unit 2 | 15 Sheafe St | 1BR,1BA | $0.23 |
| 81 Saint Botolph St, Unit 1 | 81 Saint Botolph 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 |
| 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 |
| 268 Newbury St, Unit 2 | 268 Newbury St | Studio ,1BA | $0.22 |
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 LifestyleWaterfront, Boston, MA
Ranked #12
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Waterfront, Boston, MA
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Boston. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for proximity to parks, luxury amenities, pet-friendly features, family-friendly amenities, proximity to transit, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Waterfront Apartments
What is a cheap apartment in Waterfront?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterfront is under $1,998.
What is the price of a cheap apartment in Waterfront?
The cheapest apartment in Waterfront is The Charlestown - Senior Residences 62+ which is listed at $1,700, while the average apartment in Waterfront costs $3,650.
What types of apartments are the cheapest in Waterfront?
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 116 regular apartments in Waterfront 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 Waterfront?
Cheap apartments in Waterfront have an average cost of $405 which is $3,245 cheaper than the average rent for all rentals in Waterfront.
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

Moving to Boston Without Losing Your Mind: A Renter’s Guide to a Smooth Move
Written by: Amelia Ramstead
Hello! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston.

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!
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.

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.