Cheap Apartments for Rent in the Waterfront Neighborhood of Boston, MA from $775 (71 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Waterfront area of Boston.

property at 124 Bowdoin St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

Studio, 1 Bath Home for Rent

Available Sep 1

124 Bowdoin St

BostonMA02108
property at 549 Bennington St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

Studio, 1 Bath Home for Rent

Available Now

549 Bennington St

BostonMA02128
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Burbank Terrace
Rent Specials
$1,728 - $2,202
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,728 - $2,202

Total Monthly Price
$1,728 - $2,202
Studio to 2 Bedroom Apartments Available Now

Burbank Terrace

72 Burbank StBoston, MA 02115
Affordability
  • Verified
  • Low Income
  • 3D Tour

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32 Saint Stephen St
$1,950 - $4,150
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,950 - $4,150

Total Monthly Price
$1,950 - $4,150
Studio to 2 Bedroom Apartment Available Sep 1

32 Saint Stephen St

32 Saint Stephen StBoston, MA 02115
Affordability
  • Smoke Free
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7INK
Rent Specials
$1,953 - $15,974
Plus Fees
Studio to 4 Bedroom Apartments Available Now

7INK

217 Albany StBoston, MA 02118
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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333 Washington St, Unit 1
$1,995
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995
2 Bedroom Apartment Available Aug 31

333 Washington St, Unit 1

333 Washington StBoston, MA 02108
Cost Per Sq.Ft.
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304 Newbury St, Unit 8
$1,995
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995
Studio Apartment Available Sep 1

304 Newbury St, Unit 8

304 Newbury StBoston, MA 02115
Furnished
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389 Beacon St
$1,995 - $2,245
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,995 - $2,245

Total Monthly Price
$1,995 - $2,245
Studio Apartment Available Sep 1

389 Beacon St

389 Beacon StBoston, MA 02116
Affordability

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80 West Cedar St
$2,000 - $2,350
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,000 - $2,350

Total Monthly Price
$2,000 - $2,350
Studio Apartment Available Now

80 West Cedar St

80 West Cedar StBoston, MA 02114
Affordability
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471 Commonwealth Ave
$2,000 - $2,950
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,000 - $2,950

Total Monthly Price
$2,000 - $2,950
Studio to 1 Bedroom Apartment Available Now

471 Commonwealth Ave

471 Commonwealth AveBoston, MA 02215
Affordability
property at 63 Frankfort St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

Studio, 1 Bath Home for Rent

Available Sep 1

63 Frankfort St

BostonMA02128
property at 134 Princeton St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

Studio, 1 Bath Home for Rent

Available Now

134 Princeton St

BostonMA02128
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471 Commonwealth Ave
$2,000 - $2,700
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,000 - $2,700

Total Monthly Price
$2,000 - $2,700
Studio to 1 Bedroom Apartment Available Now

471 Commonwealth Ave

471 Commonwealth AveBoston, MA 02215
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471 Commonwealth Ave
$2,000 - $3,200
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,000 - $3,200

Total Monthly Price
$2,000 - $3,200
Studio to 2 Bedroom Apartment Available Now

471 Commonwealth Ave

471 Commonwealth AveBoston, MA 02215
Affordability

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24 Mount Vernon St
Studio to 1 Bedroom Apartments

24 Mount Vernon St

24 Mount Vernon StBoston, MA 02108
  • Utilities Included
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Barnes School Apartments
Studio to 1 Bedroom Apartments

Barnes School Apartments

127 Marion StBoston, MA 02128
Senior Living
  • Utilities Included
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NABC - A17
Studio to 3 Bedroom Apartments

NABC - A17

492 Beacon StBoston, MA 02115
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215 Beacon St
Studio to 2 Bedroom Apartments

215 Beacon St

215 Beacon StBoston, MA 02116
  • Utilities Included
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96 Saint Botolph St
Studio to 2 Bedroom Apartments

96 Saint Botolph St

96 Saint Botolph StBoston, MA 02116
  • Utilities Included
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196 St. Botolph St
1 to 3 Bedroom Apartments

196 St. Botolph St

196 St. Botolph StBoston, MA 02115

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Waterfront, Boston, MA Local Guide

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 ListingModel NameBed/BathPriced From
The Charlestown - Senior Residences 62+1 Bed, 1 bath1BR,1BA$1,700
New Castle CourtNewcastleStudio,1BA$1,723
35 @ EightSixtyStudio - Income-BasedStudio,1BA$1,737
Burbank Terrace1 Bedroom1BR,1BA$1,847
15-25 Hemenway StTwo Bedroom2BR,1BA$1,900
7INKGeorgia3BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
16 Cumberland St, Unit 316 Cumberland St1BR,1BA$0.23
116 Marlborough St, Unit 7116 Marlborough StStudio ,1BA$0.24
22 Sheafe St, Unit 222 Sheafe St1BR,1BA$0.24
15 Sheafe St, Unit 215 Sheafe St1BR,1BA$0.23
81 Saint Botolph St, Unit 181 Saint Botolph StStudio ,1BA$0.21
42 S Russell St, Unit 342 S Russell StStudio ,1BA$0.23
36 S Russell St, Unit 336 S Russell StStudio ,1BA$0.23
50 S Russell St50 S Russell StStudio ,1BA$0.21
58 S Russell St, Unit 258 S Russell StStudio ,1BA$0.20
268 Newbury St, Unit 2268 Newbury StStudio ,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.

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Don'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.

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Top 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

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Real 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.

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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.

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Pet Friendly Lifestyle
Waterfront, Boston, MA

Ranked #12

Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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Articles, How-To's, and Tips

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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.