
Cheap Homes for Rent in Island Neighborhood of Waltham, MA from $1,100 (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

Room in Shared 5 bed/2 bath home

Room in Shared 5 bed/2.5 bath home

Room in Shared 5 bed/2.5 bath home

25 Ash St, Unit 03

12 Hammond St, Unit A

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

61-63-63 Newell Rd

240 Crescent St

270 Grove St

250 Grove St

1932 Washington St

173 Adams Ave

27 McKenn St
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.

95 Adams St

274 Grove St

124 Felton St

19 Norumbega Ter, Unit 01

150 Brown St

20 Norumbega Ter, Unit 2

276 Grove St

141 Brown St, Unit 2F
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.

1122 Main St

6 Norumbega Terrace

36 Newton St

134 North St, Unit 5

128 North St, Unit 10

130 North St, Unit 4

102 Central St

41 Angleside Rd, Unit 3
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 | $3,620 | $2,600 | $10,000+ |
| Island 3 Bedroom Homes for Rent | $3,713 | $2,700 | $4,850 |
| Island 4 Bedroom Homes for Rent | $4,999 | $3,400 | $8,300 |
| Island 5 Bedroom Homes for Rent | $5,951 | $1,150 | $10,000+ |
| Island 6 Bedroom Homes for Rent | $7,512 | $5,500 | $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
- Nearby Cities
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- School Districts
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 $2,299. 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 | Adams | 1BR,1BA | $2,299 |
| Silver Lake Apartments | Two Bedroom | 2BR,1BA | $2,300 |
Best Value Apartments for Rent in Island, MA
As of May 28, 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 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. |
|---|---|---|---|
| 19 Banks St, Unit #1 | 19 Banks St | 3BR,2BA | $0.38 |
| 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 |
| 137 Virginia Rd | 137 Virginia Rd | 4BR,2BA | $1.68 |
| 444 Lowell Ave, Unit 2 | 444 Lowell Ave | 5BR,2BA | $2.00 |
| 51 Taylor St, Unit 4 | 51 Taylor St | 2BR,2BA | $2.21 |
| 53 Angleside Rd, Unit 1 | 53 Angleside Rd | 2BR,2BA | $2.11 |
| 32 Cherry St, Unit 4 | 32 Cherry St | 1BR,1BA | $1.95 |
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 #12
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 415 Apartments for Rent in Island, MA with pricing that ranges from $1,175 to $12,000. There are also 190 Single Family Homes for rent, Condos, and Townhome rentals currently available in Island ranging from $1,150 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 $1,150 to $22,500 with an average monthly rent of $4,332.
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 $2,450 to $6,801, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,700 to $4,850. Four Bedroom Single-Family rentals are also available starting from $3,400 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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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.

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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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
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.