
Cheap Apartments for Rent in the Downtown Watertown Neighborhood of Watertown, MA from $900 (68 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Watertown area of Watertown.


805 Mount Auburn St

92-94 Waltham St

Riverside Apartments, 8-20

78-86 Prentiss St

Belmont Street Apartments, 550

34 Arlington St

26 Mapleton St, Unit 1

14 Wallingford Rd, Unit 2

14 Wallingford Rd, Unit 1
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.

14 Wallingford Rd, Unit 2

14 Wallingford Rd, Unit 1

1729 Commonwealth Ave

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15 Radnor Rd

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7 Portina Rd, Unit 01

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124 Sutherland Rd, Unit 1

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112 Newtonville Ave

26 Mapleton St, Unit 1

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3 Winship Pl, Unit 1

10 Bigelow 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.

10 Bigelow St, Unit 2

10 Bigelow St, Unit 1

101 Walker St

13 Nonantum Pl

76 Euston Rd

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164 North Beacon St, Unit 1

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142 North Beacon St

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140 North Beacon St

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566 Washington St, Unit 14

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143 Walnut St, Unit Studio
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.

143 Walnut St

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1880 Commonwealth Ave, Unit #1

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141 Englewood Ave

35 Orkney Rd

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193 Strathmore Rd

392 Washington St

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22 Chiswick Rd, Unit 11

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57 Oak Square Ave

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1 Larose Pl, Unit 15

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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.

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28 Sidlaw Rd, Unit 28

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32 Sidlaw Rd, Unit 3

15 Colborne Rd, Unit 5

1665 Commonwealth Ave, Unit 5

70 Strathmore Rd, Unit 11A

6 Beechcroft St, Unit 4

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2 Lothian Rd

89 Trapelo Rd

Blair Pond Estates

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2018 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.
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 | $2,583 | $1,650 | $8,629 |
| Downtown Watertown 1 Bedroom Apartments | $2,861 | $1,000 | $9,844 |
| Downtown Watertown 2 Bedroom Apartments | $3,426 | $1,350 | $6,954 |
| Downtown Watertown 3 Bedroom Apartments | $3,801 | $2,500 | $10,000+ |
| Downtown Watertown 4 Bedroom Apartments | $4,663 | $1,000 | $9,900 |
| Downtown Watertown 5 Bedroom Apartments | $5,490 | $3,195 | $9,000 |
| Downtown Watertown 6 Bedroom Apartments | $7,981 | $4,400 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 68 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
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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 June 02, 2026 the best value apartment in the Downtown Watertown area is the $0.22 price per square foot 2018 Commonwealth Avenue Model at 2018 Commonwealth Avenue, Unit 23 in the in the Chestnut Hill neighborhood starting from $2,200. The second greatest value Downtown Watertown apartment is the 61 Selkirk Rd Model at 61 Selkirk Rd, Unit 10 starting at $2,300 with a $0.23 price per square foot in the Chestnut Hill 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. |
|---|---|---|---|
| 2018 Commonwealth Avenue, Unit 23 | 2018 Commonwealth Avenue | Studio ,1BA | $0.22 |
| 61 Selkirk Rd, Unit 10 | 61 Selkirk Rd | 1BR,1BA | $0.23 |
| 62 Brock St, Unit 2 | 62 Brock St | Studio ,1BA | $0.20 |
| 132 Sutherland Rd, Unit A | 132 Sutherland Rd | 1BR,1BA | $0.21 |
| 77 Chiswick Rd, Unit 2 | 77 Chiswick Rd | 1BR,1BA | $0.21 |
| 137 Trapelo Rd, Unit #125-33 | 137 Trapelo Rd | 1BR,1BA | $0.23 |
| 7 Lothian Rd, Unit 3 | 7 Lothian Rd | 1BR,1BA | $0.22 |
| 258 Chestnut Hill Ave, Unit 1 | 258 Chestnut Hill Ave | Studio ,1BA | $0.22 |
| 193 Strathmore Rd, Unit 10 | 193 Strathmore Rd | 1BR,1BA | $0.20 |
| 27 Orkney Rd, Unit 5 | 27 Orkney Rd | Studio ,1BA | $0.20 |
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 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

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Articles, How-To's, and Tips

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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
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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.