
Cheap Apartments for Rent in the Island Neighborhood of Waltham, MA from $1,100 (73 Rentals)
Search the lowest-cost Apartments available for rent right now in the Island area of Waltham.


Adams Street Apartments - No Fee, Short Term

8 Exchange St

29 Walnut St

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150 Crescent St, Unit 150

27 Middle St

95 Adams St, Unit 16

95 Adams St, Unit 16

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260 River St, Unit 6

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15 Lyman St, Unit #3
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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62 Bedford St

95 Adams St, Unit 9

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22 Daniels Ct, Unit 1

172 River St, Unit B4

124 Felton St, Unit 1

95 Adams St, Unit 9

124 Felton St, Unit 1

30 Appleton St

19 Norumbega Terrace, Unit 1

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58 Ash St, Unit 3
Rent According to Income: A Look at Income-Restricted Rentals
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22 Summer Ave

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53 Nathan Rd, Unit 2

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75 Fuller St, Unit 1

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ReNew Waltham

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156 Brown St

126 Felton St, Unit 2

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Charlesbank Estates

14 Wadsworth Ave

42-44 Caughey St

42 Caughey St, Unit 42 Caughey 1
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Point at Waltham

29 McKenn St, Unit 1B

29 McKenn St

23 Maple St, Unit 2

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80 Robbins St, Unit 3

43 Rich St

Watch Factory Lofts

151 Grove St

41 Angleside Rd, Unit 3

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110 Columbus Ave, Unit Columbus Ave
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

177 Robbins St

50-58-58 Walnut St, Unit 12

19 Winthrop St

89 Cushing St

266-274 River St

121 Chestnut St, Unit 1

31 Weston St

10 Middle St Ct

6 Norumbega Terrace

50 Hammond St
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.
Island, Waltham, MA Local Guide

How much does it cost to rent an apartment in Island?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Island Studio Apartments | $2,532 | $1,200 | $3,135 |
| Island 1 Bedroom Apartments | $2,940 | $1,100 | $4,695 |
| Island 2 Bedroom Apartments | $3,463 | $2,195 | $5,490 |
| Island 3 Bedroom Apartments | $3,978 | $2,750 | $7,138 |
| Island 4 Bedroom Apartments | $3,898 | $3,495 | $4,750 |
Browse Apartments in this Neighborhood
There are currently 73 rentals with your search options within a 2 mile radius of the Island Neighborhood of Waltham, MA.
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Island, Waltham, MA Local Guide
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Cheapest Available Island Apartments for Rent
 The cheapest available apartment rental in the Island area of Boston, MA is a Studio unit found at Adams Street Apartments - No Fee, Short Term priced from $1,200. Silver Lake Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,300. Here are the most affordable Island apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Adams Street Apartments - No Fee, Short Term | Furnished Studio | Studio,1BA | $1,200 |
| Silver Lake Apartments | Two Bedroom | 2BR,1BA | $2,300 |
| Newton Gardens | One Bedroom Style 2 | 1BR,1BA | $2,350 |
| The Point at Waltham | A1 (Income Restricted) | 1BR,1BA | $2,398 |
| ReNew Waltham | Boston | 2BR,1BA | $2,499 |
| Woodland Park | 2 Bedroom | 2BR,1BA | $2,600 |
Best Value Apartments for Rent in Island, MA
As of July 30, 2026 the best value apartment in the Island area is the $0.35 price per square foot 255 Derby St Model at 255 Derby St in the in the Wellesley Farms neighborhood starting from $3,500. The second greatest value Island apartment is the 83 Lexington St Model at 83 Lexington St, Unit 1 starting at $4,500 with a $2.25 price per square foot in the Wellesley Farms neighborhood. Here is today’s list of the best values for Island apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 255 Derby St | 255 Derby St | 3BR,2BA | $0.35 |
| 83 Lexington St, Unit 1 | 83 Lexington St | 4BR,2.5BA | $2.25 |
| 210 Adams St | 210 Adams St | 4BR,3BA | $2.64 |
| 253 Brown St, Unit 253 Brown Street | 253 Brown St | 2BR,1BA | $2.41 |
| 161 Walnut St, Unit 161 Walnut St, Newton, MA 02460 | 161 Walnut St | 3BR,1.5BA | $2.57 |
| 213 Newton Street, Unit Newton St | 213 Newton Street | 3BR,1BA | $2.37 |
| 22 Daniels Ct, Unit 1 | 22 Daniels Ct | 1BR,1BA | $2.20 |
| 90 Francis St | 90 Francis St | 2BR,1.5BA | $2.87 |
| Charlesbank Gardens | Two Bedroom - One Bath Unit (Large Living Room) | 2BR,1BA | $3.00 |
| Adams Street Apartments - No Fee, Short Term | Furnished Studio | Studio ,1BA | $3.00 |
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.
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 LifestyleIsland, Waltham, MA
Ranked #3
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Island Apartments
What is the Cheapest Studio apartment in Island?
Currently the most affordable Cheap Studio Apartment in Island is at Adams Street Apartments - No Fee, Short Term listed at $1,200.
How much is rent for a Cheap One Bedroom Island Apartment?
The lowest price for a Cheap One Bedroom Island Apartment is $2,350 at Newton Gardens.
What is the lowest price for a Cheap Two Bedroom Island Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Island is starting from $2,300 at Silver Lake Apartments.
What is the most affordable Island Three Bedroom Apartment?
The best deal on a cheap Island Three Bedroom Apartment rental is at Alexan Waltham and starts from $5,430.
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.
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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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
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.

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.