
Cheap Homes for Rent in the Downtown Watertown Neighborhood of Watertown, MA from $900 (64 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Watertown area of Watertown.


1011 Washington St

60 Undine Rd

Room in Shared 6 bed/1.5 bath home in Brighton, Unit F

Room in Shared 9 bed/2 bath home in Brighton, Unit A

Room in Shared 9 bed/2 bath home in Brighton, Unit E

Room in Shared 7 bed/2 bath home in Brighton, Unit A

Room in Shared 4 bed/2 bath home in Newton Corner, Unit D

Room in Shared 5 bed/2 bath home in Brighton, Unit E

Room in Shared 4 bed/1.5 bath home in Brighton, Unit A
Boston's Best Affordable Neighborhoods
Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead

Room in Shared 6 bed/2 bath home in Brighton, Unit E

Room in Shared 6 bed/1.5 bath home in Brighton, Unit E

Room in Shared 4 bed/2 bath home in Newton Corner, Unit C

Room in Shared 7 bed/2 bath home in Brighton, Unit B

Room in Shared 7 bed/2 bath home in Brighton, Unit F

Room in Shared 5 bed/2 bath home in Brighton, Unit B

Room in Shared 6 bed/4 bath home in Brighton, Unit E

Room in Shared 5 bed/2 bath home in Brighton, Unit A

Room in Shared 7 bed/2 bath home in Brighton, Unit C

Room in Shared 6 bed/2 bath home in Brighton, Unit C
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

100 Lanark Rd, Unit A B

Room in Shared 3 bed/1 bath home in Brighton, Unit C

Room in Shared 5 bed/1.5 bath home in Brighton, Unit A

Room in Shared 3 bed/1 bath home in Brighton, Unit B

Room in Shared 3 bed/1 bath home in Brighton, Unit A

Room in Shared 6 bed/4 bath home in Brighton, Unit F

10 Bigelow St, Unit 1

10 Bigelow St, Unit 2

Room in Shared 9 bed/2 bath home in Brighton, Unit C

Room in Shared 5 bed/2 bath home in Brighton, Unit C
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

90 Kilsyth Rd

2001 Commonwealth Ave

247 Chestnut Hill Ave

28 Colborne Rd, Unit 8

21 Chestnut Hill Ave, Unit 3

28 Colborne Rd

66 Homer Ave

555 Washington St, Unit 1

1840 Commonwealth Ave

20 Chester St, Unit 2
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

28 Commonwealth Rd

227 Chestnut Hill Ave

365 Faneuil St, Unit 2

410 Market St, Unit A

Total Monthly Price
28 Austin St, Unit SI FL2-ID976

66 Homer Ave, Unit 112

199 Strathmore Rd, Unit 9

70 Strathmore Rd, Unit 11A

70 Strathmore Rd, Unit 11A

70 Strathmore Rd
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.
Downtown Watertown, Watertown, MA Local Guide

How much does it cost to rent a home in Downtown Watertown?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Watertown 2 Bedroom Homes for Rent | $3,122 | $2,200 | $7,350 |
| Downtown Watertown 3 Bedroom Homes for Rent | $3,699 | $1,310 | $9,650 |
| Downtown Watertown 4 Bedroom Homes for Rent | $4,659 | $1,175 | $10,000+ |
| Downtown Watertown 5 Bedroom Homes for Rent | $6,235 | $1,180 | $10,000+ |
| Downtown Watertown 6 Bedroom Homes for Rent | $7,382 | $1,000 | $10,000+ |
| Downtown Watertown 7 Bedroom Homes for Rent | $4,874 | $1,150 | $10,000+ |
Browse Homes for Rent in this Neighborhood
There are currently 64 rentals with your search options within a 2 mile radius of the Downtown Watertown Neighborhood of Watertown, MA.
Explore 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 |
| 286 & 288 Chestnut Hill Avenue | Studio | Studio,1BA | $2,100 |
Best Value Apartments for Rent in Downtown Watertown, MA
As of August 31, 2026 the best value apartment in the Downtown Watertown area is the $0.24 price per square foot 61 Selkirk Rd Model at 61 Selkirk Rd, Unit 10 in the in the Chestnut Hill neighborhood starting from $2,400. The second greatest value Downtown Watertown apartment is the 62 Brock St Model at 62 Brock St, Unit 2 starting at $2,200 with a $0.22 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. |
|---|---|---|---|
| 61 Selkirk Rd, Unit 10 | 61 Selkirk Rd | 1BR,1BA | $0.24 |
| 62 Brock St, Unit 2 | 62 Brock St | Studio ,1BA | $0.22 |
| 132 Sutherland Rd, Unit A | 132 Sutherland Rd | 1BR,1BA | $0.21 |
| 7 Lothian Rd, Unit 3 | 7 Lothian Rd | 1BR,1BA | $0.22 |
| 198 Strathmore Rd, Unit 3 | 198 Strathmore Rd | 1BR,1BA | $0.23 |
| 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 |
| 126 Englewood Ave | 126 Englewood Ave | 1BR,1BA | $0.25 |
| 131 Sutherland Rd, Unit H | 131 Sutherland Rd | 2BR,1BA | $0.26 |
| 77 Chiswick Rd, Unit 2 | 77 Chiswick Rd | 1BR,1BA | $0.21 |
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 Downtown Watertown
What type of rentals are currently available in Downtown Watertown?
There are currently 916 Apartments for Rent in Downtown Watertown, MA with pricing that ranges from $950 to $13,500. There are also 1496 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Watertown ranging from $900 to $24,000.
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 $24,000 with an average monthly rent of $3,393.
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 $1,033 to $7,542, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,310 to $9,650. Four Bedroom Single-Family rentals are also available starting from $1,175 and Four Bedroom Apartments start at $950.
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.
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Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.