
Cheap Apartments for Rent in the Downtown Watertown Neighborhood of Watertown, MA from $900 (79 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Watertown area of Watertown.


805 Mount Auburn St

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321 Main St, Unit 5, Unit 5

20 Riverside St, Unit 3-3

Hamilton Place

Riverside Apartments, 8-20

78-86 Prentiss St

1729 Commonwealth Ave

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7 Portina Rd, Unit 01, Unit 01

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163 Belmont St, Unit Room, Unit Room
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.

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109 Strathmore Rd, Unit SI ID1355112P

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2 Lothian Rd

Furnished Bedroom with Private Ensuite Bath in Brighton!

28 Braemore Rd

13 Nonantum Pl

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48 Strathmore Rd, Unit #23, Unit #23

113 Nottinghill Rd

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164 North Beacon St, Unit 1, Unit 1

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75 Euston Rd, Unit 4, Unit 4

35 Orkney Rd
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.

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2018 Commonwealth Avenue

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22 Chiswick Rd, Unit 11, Unit 11

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57 Oak Square Ave

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193 Strathmore Rd

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1682 Commonwealth Ave

70 Strathmore Rd, Unit 11A

1665 Commonwealth Ave, Unit 5

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14 Beechcroft St, Unit B1, Unit B1

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2016 Commonwealth Ave

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3 Lothian Rd
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.

2018 Commonwealth Ave, Unit 24

Blair Pond Estates

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2018 Commonwealth Ave

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42 Strathmore Rd, Unit 1, Unit 1

109 Trapelo Rd

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15 Elko St

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123 Sutherland Rd

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126 Englewood Ave

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49 Winship St

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62 Brock St, Unit 2, Unit 2
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.

Washington Heights

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226 Washington St

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150 North Beacon St

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258 Chestnut Hill Ave, Unit 1, Unit 1

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4 Chiswick Rd, Unit 24, Unit 24

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193 Strathmore Rd, Unit 10, Unit 10

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1669 Commonwealth Ave, Unit 8, Unit 8

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22 Chiswick Rd

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152 Strathmore Rd, Unit 1, Unit 1

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2 Portina Rd, Unit 3, 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.
Downtown Watertown, Watertown, MA Local Guide

How much does it cost to rent an apartment in Downtown Watertown?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Watertown Studio Apartments | $2,501 | $1,750 | $6,552 |
| Downtown Watertown 1 Bedroom Apartments | $2,849 | $1,000 | $7,538 |
| Downtown Watertown 2 Bedroom Apartments | $3,386 | $2,000 | $9,683 |
| Downtown Watertown 3 Bedroom Apartments | $3,763 | $1,100 | $10,000+ |
| Downtown Watertown 4 Bedroom Apartments | $4,694 | $2,800 | $9,600 |
| Downtown Watertown 5 Bedroom Apartments | $5,860 | $4,000 | $10,000+ |
| Downtown Watertown 6 Bedroom Apartments | $8,929 | $4,400 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 79 rentals with your search options within a 2 mile radius of the Downtown Watertown Neighborhood of Watertown, MA.
See all Apartments in WatertownExplore Watertown
Downtown Watertown, Watertown, MA Local Guide
- Nearby Watertown neighborhoods
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Cheapest Available Downtown Watertown Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 805 Mount Auburn St | Studio | Studio,1BA | $1,850 |
Best Value Apartments for Rent in Downtown Watertown, MA
As of April 17, 2026 the best value apartment in the Downtown Watertown area is the $0.18 price per square foot 48 Strathmore Rd Model at 48 Strathmore Rd, Unit #23 in the in the Chestnut Hill neighborhood starting from $1,775. The second greatest value Downtown Watertown apartment is the 49 Winship St Model at 49 Winship St starting at $2,000 with a $0.20 price per square foot in the St. Elizabeth's neighborhood. Here is today’s list of the best values for Downtown Watertown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 48 Strathmore Rd, Unit #23 | 48 Strathmore Rd | Studio ,1BA | $0.18 |
| 49 Winship St | 49 Winship St | Studio ,1BA | $0.20 |
| 28 Sidlaw Rd, Unit 6 | 28 Sidlaw Rd | 1BR,1BA | $0.20 |
| 193 Strathmore Rd, Unit 10 | 193 Strathmore Rd | 1BR,1BA | $0.20 |
| 152 Strathmore Rd, Unit 1 | 152 Strathmore Rd | 1BR,1BA | $0.20 |
| 12 Brock St, Unit #4 | 12 Brock St | 1BR,1BA | $0.21 |
| 180 North Beacon St | 180 North Beacon St | 1BR,1BA | $0.21 |
| 87 Washington St, Unit 6 | 87 Washington St | Studio ,1BA | $0.21 |
| 164 North Beacon St | 164 North Beacon St | 1BR,1BA | $0.22 |
| 1715 Commonwealth Avenue | 1715 Commonwealth Avenue | 1BR,1BA | $0.22 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 LifestyleDowntown Watertown, Watertown, MA
Ranked #7
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Watertown Apartments
What is the Cheapest Studio apartment in Downtown Watertown?
Currently the most affordable Cheap Studio Apartment in Downtown Watertown is at 805 Mount Auburn St listed at $1,850.
What is the lowest price for a Cheap Two Bedroom Downtown Watertown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Watertown is starting from $2,300 at Silver Lake Apartments.
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
Written by: Amelia Ramstead
Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

A Local Experts Guide to the Top Boston Neighborhoods for College Renters
Written by: Amelia Ramstead
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
Written by: Amelia Ramstead
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
Written by: Amelia Ramstead
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.