Cheap Homes for Rent in Charlestown, MA from $1,500 (478 Rentals)

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Boston's Best Affordable Neighborhoods

Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead

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Charlestown, MA Local Guide

Cheapest Neighborhoods for Apartments in Charlestown, MA

Pricing Updated: 06/10/2025

Current apartment rentals in the Charlestown, MA area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Charlestown Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Charlestown Navy Yard$5,700$1,375493
Little Mystic$6,850$1,900460

Cheapest Available Charlestown Apartments for Rent and Nearby

 

The cheapest available apartment rental in Charlestown, MA is a 1 Bed unit found at Boylston St, 40 in the Financial District neighborhood priced from $1,517. 7INK in the Financial District neighborhood has the second lowest priced unit, which is a 4 Beds apartment currently listed from $1,518. Here is today’s list of the most affordable Charlestown apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Boylston St, 401 Bed 1 Bath1BR,1BA$1,517
7INKCambria4BR,2BA$1,518
Cambridge Ivy InnRoom Lodging Style1BR,1BA$1,600
The Charlestown - Senior Residences 62+1 Bed, 1 bath1BR,1BA$1,700
Parkwood ApartmentsStudio, non-renovatedStudio,1BA$1,700
The AnchorageStudio SpecialStudio,1BA$1,800

Best Value Apartments for Rent in Charlestown, MA and Nearby

As of June 11, 2025 the best value apartment in the Charlestown area is the $0.17 price per square foot 48 Harvard St Model at 48 Harvard St, Unit 3 in the in the Ferryway neighborhood starting from $1,700. The second greatest value Charlestown apartment is the 58 S Russell St Model at 58 S Russell St, Unit 2 starting at $2,000 with a $0.20 price per square foot in the Financial District neighborhood. Here is today’s list of the best values for Charlestown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
48 Harvard St, Unit 348 Harvard St1BR,1BA$0.17
58 S Russell St, Unit 258 S Russell StStudio ,1BA$0.20
75 Division St, Unit #175 Division St1BR,1BA$0.20
75 Division St, Unit 175 Division St1BR,1BA$0.20
3 Pembroke St, Unit D3 Pembroke St1BR,1BA$0.20
58 Anderson St, Unit 858 Anderson StStudio ,1BA$0.20
58 Anderson St, Unit 258 Anderson StStudio ,1BA$0.20
44 S Russell St, Unit S Russell44 S Russell StStudio ,1BA$0.20
12 Shawmut St, Unit #112 Shawmut St1BR,1BA$0.20
7 Shawmut Ter, Unit #17 Shawmut Ter1BR,1BA$0.20

Quick 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.

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Frequently Asked Questions about Charlestown

What type of rentals are currently available in Charlestown?

There are currently 6489 Apartments for Rent in Charlestown, MA with pricing that ranges from $850 to $29,690. There are also 3562 Single Family Homes for rent, Condos, and Townhome rentals currently available in Charlestown ranging from $1,500 to $55,000.

What is the current price range for Rental Homes in Charlestown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Charlestown ranges from $1,500 to $55,000 with an average monthly rent of $5,224.

How much are larger Three and Four Bedroom Rentals in Charlestown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Charlestown range from $1,050 to $28,200, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,575 to $55,000. Four Bedroom Single-Family rentals are also available starting from $3,100 and Four Bedroom Apartments start at $850.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

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If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.