
Cheap Apartments for Rent in the Island Neighborhood of Waltham, MA from $1,100 (34 Rentals)
Search the lowest-cost Apartments available for rent right now in the Island area of Waltham.


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18 Townsend St

34 Crescent 4 Crescent

90 Bacon St

206 High St

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ReNew Waltham

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260 River St, Unit 6

8 Lexington Terrace
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.

12 Lyman St

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148 Crescent St, Unit B

11 Banks St

144 Robbins St

189 River St

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Charlesbank Estates

The Point at Waltham

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152 Brown St, Unit #1R
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.

6 Whitman Rd

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25 Maple St, Unit 25-1R

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41 Wadsworth Ave

41 Wadsworth Ave

177 Robbins St

266-274 River St

83 Brown St

2366 Commonwealth Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Newton Gardens

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256 Lowell Ave, Unit #2

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256 Lowell Ave, Unit 2

256 Lowell Ave

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Silver Lake Apartments

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282 Grove St, Unit 9

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256 Lowell Ave, Unit 2

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286 Grove St, Unit 3
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Farwell Street Apartments

Golda Meir House 62+ Senior Housing
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 | $2,524 | $1,175 | $3,135 |
| Island 1 Bedroom Apartments | $2,785 | $1,250 | $5,560 |
| Island 2 Bedroom Apartments | $3,312 | $2,150 | $5,149 |
| Island 3 Bedroom Apartments | $4,252 | $2,450 | $7,058 |
| Island 4 Bedroom Apartments | $4,311 | $3,500 | $5,400 |
| Island 5 Bedroom Apartments | $6,266 | $4,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 34 rentals with your search options within a 2 mile radius of the Island Neighborhood of Waltham, MA.
See all Apartments in WalthamExplore Waltham
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 $1,175. ReNew Waltham has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,149. 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 | $1,175 |
| ReNew Waltham | Albany | 1BR,1BA | $2,149 |
| Silver Lake Apartments | Two Bedroom | 2BR,1BA | $2,300 |
| Charlesbank Estates | 1BR/1BA | 1BR,1BA | $2,300 |
| Newton Gardens | One Bedroom Style 2 | 1BR,1BA | $2,345 |
Best Value Apartments for Rent in Island, MA
As of March 16, 2026 the best value apartment in the Island area is the $0.38 price per square foot 19 Banks St Model at 19 Banks St, Unit #1 in the in the North Waltham neighborhood starting from $3,800. The second greatest value Island apartment is the 84 Walker St Model at 84 Walker St, Unit 2 starting at $3,850 with a $0.39 price per square foot in the Newton Centre 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. |
|---|---|---|---|
| 19 Banks St, Unit #1 | 19 Banks St | 3BR,2BA | $0.38 |
| 84 Walker St, Unit 2 | 84 Walker St | 3BR,1BA | $0.39 |
| 149 Crescent St, Unit 302 | 149 Crescent St | 2BR,1BA | $0.29 |
| 1143 Beacon St, Unit #2 | 1143 Beacon St | 2BR,1BA | $0.27 |
| 282 Grove St, Unit 9 | 282 Grove St | 1BR,1BA | $0.23 |
| 286 Grove St, Unit 3 | 286 Grove St | 1BR,1BA | $0.24 |
| 108 Walnut St, Unit 108 | 108 Walnut St | 4BR,2BA | $1.64 |
| 137 Virginia Rd | 137 Virginia Rd | 4BR,2BA | $1.49 |
| 137 Virginia Rd | 137 Virginia Rd | 4BR,2BA | $1.68 |
| 444 Lowell Ave, Unit 2 | 444 Lowell Ave | 5BR,2BA | $2.00 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 #15
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 a cheap apartment in Island?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Island is under $2,345.
What is the price of a cheap apartment in Island?
The cheapest apartment in Island is ReNew Waltham which is listed at $2,149, while the average apartment in Island costs $9,000.
What types of apartments are the cheapest in Island?
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 61 regular apartments in Island 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 Island?
Cheap apartments in Island have an average cost of $600 which is $8,400 cheaper than the average rent for all rentals in Island.
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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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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Renting your next home can feel thrilling and overwhelming at the same time.

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Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.