Cheap Homes for Rent in Downtown Watertown Neighborhood of Watertown, MA from $900 (129 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

property at 71 Fairbanks St

71 Fairbanks St

BostonMA02135

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.

property at 69 Stuart St

69 Stuart St, Unit Room D

69 Stuart St
WatertownMA02472

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.

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

Cheapest Available Downtown Watertown Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Blair Pond EstatesRenovated StudioStudio,1BA$1,995

Best Value Apartments for Rent in Downtown Watertown, MA

As of September 15, 2025 the best value apartment in the Downtown Watertown area is the $0.20 price per square foot 26 Donnybrook Rd Model at 26 Donnybrook Rd, Unit 2 in the in the St. Elizabeth's neighborhood starting from $2,000. 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.
26 Donnybrook Rd, Unit 226 Donnybrook RdStudio ,1BA$0.20
22 Chiswick Rd, Unit 1122 Chiswick RdStudio ,1BA$0.20
141 Englewood Ave, Unit 2141 Englewood AveStudio ,1BA$0.20
193 Strathmore Rd193 Strathmore Rd1BR,1BA$0.20
2016 Commonwealth Ave, Unit 22016 Commonwealth AveStudio ,1BA$0.20
1673 Commonwealth Ave, Unit 0011673 Commonwealth AveStudio ,1BA$0.20
26 Arlington St, Unit 126 Arlington StStudio ,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
22 Chiswick Rd, Unit 522 Chiswick RdStudio ,1BA$0.19

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

Frequently Asked Questions about Downtown Watertown

What type of rentals are currently available in Downtown Watertown?

There are currently 2384 Apartments for Rent in Downtown Watertown, MA with pricing that ranges from $1,000 to $17,000. There are also 1800 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Watertown ranging from $900 to $33,395.

What is the current price range for Rental Homes in Downtown Watertown?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Watertown ranges from $900 to $33,395 with an average monthly rent of $4,067.

How much are larger Three and Four Bedroom Rentals in Downtown Watertown?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Watertown range from $2,500 to $7,521, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $33,395. Four Bedroom Single-Family rentals are also available starting from $900 and Four Bedroom Apartments start at $1,100.

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.

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.