
Cheap Homes for Rent in the Island Neighborhood of Waltham, MA from $1,000 (32 Rentals)
Search the lowest-cost Homes available for rent right now in the Island area of Waltham.


Room in Shared 5 bed/2.5 bath home, Unit C

Room in Shared 5 bed/2.5 bath home, Unit D

Room in Shared 5 bed/2.5 bath home, Unit A

239 Grove St

25 Ash St, Unit 03

143 Walnut St, Unit STUDIO

147 Brown St, Unit 2R
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.

Total Monthly Price
28 Austin St, Unit SI FL2-ID976

145 Brown St, Unit 2R

95 Adams St, Unit 16

95 Adams St, Unit 16

89 Cushing St

95 Adams St, Unit 8

23 Clinton St, Unit 1

124 Felton St, Unit 1
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.

31 Weston St

172 River St, Unit B4

240 Crescent St

19 Norumbega Terrace, Unit 1

19 Norumbega Terrace, Unit 1

173 Adams Ave

124 Felton St

192 Adams St, Unit 1
Cash 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.

269 Lexington St, Unit 3

6 Norumbega Terrace

95 Adams St, Unit 9

19 Norumbega Ter, Unit 01

95 Adams St, Unit 9

23 Maple St, Unit 2F

141 Brown St, Unit 2F

23 Maple St, Unit 2
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.
Island, Waltham, MA Local Guide

How much does it cost to rent a home in Island?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Island 2 Bedroom Homes for Rent | $3,272 | $2,200 | $7,950 |
| Island 3 Bedroom Homes for Rent | $3,652 | $2,700 | $5,499 |
| Island 4 Bedroom Homes for Rent | $4,679 | $3,200 | $7,500 |
| Island 5 Bedroom Homes for Rent | $6,004 | $1,025 | $10,000+ |
| Island 6 Bedroom Homes for Rent | $7,378 | $4,795 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 32 rentals with your search options within a 2 mile radius of the Island Neighborhood of Waltham, MA.
Explore Waltham
Island, Waltham, MA Local Guide
- Nearby Waltham neighborhoods
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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 |
| Woodland Park | 1 Bedroom | 1BR,1BA | $2,350 |
| ReNew Waltham | Anderson | 1BR,1BA | $2,359 |
| Charlesbank Estates | 2BR/1BA | 2BR,1BA | $2,500 |
Best Value Apartments for Rent in Island, MA
As of July 12, 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 27 Gammons Rd Model at 27 Gammons Rd starting at $12,000 with a $2.00 price per square foot in the Wellesley Hills 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 |
| 27 Gammons Rd | 27 Gammons Rd | 5BR,4.5BA | $2.00 |
| 54 Central St | 54 Central St | 4BR,3.5BA | $2.08 |
| 54 Central St | 54 Central St | 4BR,3.5BA | $2.08 |
| 137 Virginia Rd | 137 Virginia Rd | 4BR,2BA | $1.49 |
| 444 Lowell Ave, Unit 2 | 444 Lowell Ave | 5BR,2BA | $2.00 |
| 407 Lowell Ave, Unit 407 Lowell Ave Newton | 407 Lowell Ave | 3BR,2BA | $2.18 |
| 17 Stratton Ter, Unit 3 | 17 Stratton Ter | 4BR,2BA | $2.19 |
| 53 Angleside Rd, Unit 1 | 53 Angleside Rd | 2BR,2BA | $2.11 |
| 22 Daniels Ct, Unit 1 | 22 Daniels Ct | 1BR,1BA | $2.20 |
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 #14
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Island
What type of rentals are currently available in Island?
There are currently 419 Apartments for Rent in Island, MA with pricing that ranges from $1,200 to $12,000. There are also 205 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island ranging from $1,025 to $22,500.
What is the current price range for Rental Homes in Island?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Island ranges from $1,025 to $22,500 with an average monthly rent of $4,179.
How much are larger Three and Four Bedroom Rentals in Island?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Island range from $2,900 to $7,280, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $5,499. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $3,500.
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

The 10 Best Affordable Neighborhoods in Boston, MA
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Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

A Local Expert's Guide to the Top Boston Neighborhoods for College Renters
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Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts! We’re excited to help you find your new home, and getting to know the neighborhood is an important part of that process!

Explore Like a Local: The Insider's Guide to Boston
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Hello from Boston, Massachusetts! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, and I’m here to give you the inside scoop on this unique city.

Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
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Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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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.

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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.

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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.