Cheap Apartments for Rent in the Downtown Watertown Neighborhood of Watertown, MA from $900 (46 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Watertown area of Watertown.

property at 27 Lloyd Rd

27 Lloyd Rd

WatertownMA02472
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Elan Union Market
$1,954 - $12,173
Total Monthly Price

Total Monthly Price

Base Rent
$1,954 - $12,173
Total Monthly Price
$1,954 - $12,173
Studio to 2 Bedroom Apartments Available Now

Elan Union Market

130 Arsenal StWatertown, MA 02472
Transit Friendly
  • Verified
  • Customer Reviewed
property at 54 Prentiss St

54 Prentiss St

WatertownMA02472

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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78-86 Prentiss St
1 to 3 Bedroom Apartments

78-86 Prentiss St

78-86 Prentiss StWatertown, MA 02472
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72 Leicester St
$1,150
Total Monthly Price9 Month Lease Term

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150
6 Bedroom Apartment Available Dec 1

72 Leicester St

72 Leicester StBoston, MA 02135
Affordability
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129 Grasmere St, Unit 2R
$1,750
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,750
Total Monthly Price
$1,750
Studio Apartment Available Now

129 Grasmere St, Unit 2R

129 Grasmere StNewton, MA 02458
Affordability
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22 Shepard St, Unit B
$1,800
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,800
Total Monthly Price
$1,800
1 Bedroom Apartment Available Now

22 Shepard St, Unit B

22 Shepard StBoston, MA 02135
Cost Per Sq.Ft.

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 Austin St
$1,920
Total Monthly Price

Total Monthly Price

Base Rent
$1,560
Required Monthly Fees
$360
Total Monthly Price
$1,920
Studio Apartments Available May 14, 2026

28 Austin St

28 Austin StNewton, MA 02460
Furnished
property at 81 Trapelo Rd

81 Trapelo Rd

WalthamMA02452
property at 109 Trapelo Rd

109 Trapelo Rd

WalthamMA02452

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.

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property at 85 Trapelo Rd

85 Trapelo Rd

WalthamMA02452
property at 168 N Beacon St

168 N Beacon St

BostonMA02135

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.

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Finch Cambridge
1 to 3 Bedroom Apartments

Finch Cambridge

671-675 Concord AveCambridge, MA 02138
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Weinberg House: 62+ Senior
Studio to 1 Bedroom Apartments

Weinberg House: 62+ Senior

132 Chestnut Hill AveBrighton, MA 02135
Senior Living
  • Utilities Included
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Haywood House
1 Bedroom Apartments

Haywood House

106 Kennedy CirNewton, MA 02458
Senior Living
  • Utilities Included
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61-63 Moraine St
1 to 2 Bedroom Apartments

61-63 Moraine St

61-63 Moraine StBelmont, MA 02478
  • Utilities Included
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45 Strathmore Rd
1 to 2 Bedroom Apartments

45 Strathmore Rd

45 Strathmore RdBrighton, MA 02135
  • Utilities Included

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.

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Showing Results 1-46, Page 1 of 1

Downtown Watertown, Watertown, MA Local Guide

Cheapest Available Downtown Watertown Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
805 Mount Auburn StStudioStudio,1BA$1,850
Blair Pond EstatesRenovated StudioStudio,1BA$1,995

Best Value Apartments for Rent in Downtown Watertown, MA

As of November 23, 2025 the best value apartment in the Downtown Watertown area is the $0.18 price per square foot 22 Shepard St Model at 22 Shepard St, Unit B in the in the St. Elizabeth's neighborhood starting from $1,800. The second greatest value Downtown Watertown apartment is the 22 Chiswick Rd Model at 22 Chiswick Rd, Unit 11 starting at $2,000 with a $0.20 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 ListingModel NameBed/BathPrice Per Sq.Ft.
22 Shepard St, Unit B22 Shepard St1BR,1BA$0.18
22 Chiswick Rd, Unit 1122 Chiswick RdStudio ,1BA$0.20
126 Englewood Ave, Unit 12B126 Englewood AveStudio ,1BA$0.20
258 Chestnut Hill Ave, Unit 1258 Chestnut Hill AveStudio ,1BA$0.20
28 Sidlaw Rd, Unit 628 Sidlaw Rd1BR,1BA$0.20
2018 Commonwealth Avenue, Unit 482018 Commonwealth Avenue1BR,1BA$0.21
79 Washington St, Unit 1279 Washington StStudio ,1BA$0.21
87 Washington St, Unit 687 Washington StStudio ,1BA$0.21
141 Sutherland Rd, Unit A141 Sutherland Rd1BR,1BA$0.22
20 Brock St, Unit 220 Brock St1BR,1BA$0.22

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.

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The 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.

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Quick 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.

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Pet Friendly Lifestyle
Downtown Watertown, Watertown, MA

Ranked #7

Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Getting Around the Downtown Watertown Neighborhood in Watertown, MA

Walk Score®

93 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

88 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

56 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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.

How much is rent for a Cheap One Bedroom Downtown Watertown Apartment?

The lowest price for a Cheap One Bedroom Downtown Watertown Apartment is $2,130 at River Park Lofts.

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 $2,350 at River Park Lofts.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for The 10 Best Affordable Neighborhoods in Boston, MA article

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.