Cheap Homes for Rent in Downtown Watertown Neighborhood of Watertown, MA from $700 (132 Rentals)

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

property at 110 Lanark Rd

110 Lanark Rd, Unit A

110 Lanark Rd
BostonMA02135
property at 110 Lanark Rd

110 Lanark Rd

BostonMA02135
property at 71 Fairbanks St

71 Fairbanks St

BostonMA02135
property at 71 Fairbanks St

71 Fairbanks St

BostonMA02135
property at 132 Chiswick

132 Chiswick

BostonMA02135
Showing Results 1-50, Page 1 of 3

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 13, 2025 the best value apartment in the Downtown Watertown area is the $0.21 price per square foot 2018 Commonwealth Avenue Model at 2018 Commonwealth Avenue, Unit 48 in the in the Chestnut Hill neighborhood starting from $2,100. The second greatest value Downtown Watertown apartment is the 22 Shepard St Model at 22 Shepard St, Unit B starting at $1,800 with a $0.18 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 ListingModel NameBed/BathPrice Per Sq.Ft.
2018 Commonwealth Avenue, Unit 482018 Commonwealth Avenue1BR,1BA$0.21
22 Shepard St, Unit B22 Shepard St1BR,1BA$0.18
20 Brock St, Unit 220 Brock St1BR,1BA$0.22
22 Chiswick Rd, Unit 1122 Chiswick RdStudio ,1BA$0.20
180 North Beacon St, Unit 3180 North Beacon St1BR,1BA$0.21
79 Washington St, Unit 1279 Washington StStudio ,1BA$0.21
87 Washington St, Unit 687 Washington StStudio ,1BA$0.21
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

Quick Rent Budget Calculator

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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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Frequently Asked Questions about Downtown Watertown

What type of rentals are currently available in Downtown Watertown?

There are currently 1484 Apartments for Rent in Downtown Watertown, MA with pricing that ranges from $1,050 to $14,200. There are also 1356 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Watertown ranging from $760 to $17,500.

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 $760 to $17,500 with an average monthly rent of $4,591.

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 $2,550 to $6,951, while Three Bedroom Homes, Condos, and Townhomes for rent range from $980 to $7,500. Four Bedroom Single-Family rentals are also available starting from $830 and Four Bedroom Apartments start at $2,800.

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.

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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! 

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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.