Cheap Apartments for Rent in the Downtown Watertown Neighborhood of Watertown, MA from $900 (175 Rentals)

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

property at 50 Waltham St

50 Waltham St

WatertownMA02472

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

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78-86 Prentiss St
2 Bedroom Apartments

78-86 Prentiss St

78-86 Prentiss StWatertown, MA 02472
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550 Belmont St
Studio Apartments

550 Belmont St

550 Belmont StWatertown, MA 02472
property at 12 Nonantum St

12 Nonantum St

BostonMA02135
Showing Results 1-50, Page 1 of 4

Downtown Watertown, Watertown, MA Local Guide

Cheapest Available Downtown Watertown Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Riverside Apartments, 8-20S1GStudio,1BA$1,850

Best Value Apartments for Rent in Downtown Watertown, MA

As of March 23, 2025 the best value apartment in the Downtown Watertown area is the $0.21 price per square foot 168 N Beacon St Model at 168 N Beacon St, Unit 21 in the in the St. Elizabeth's neighborhood starting from $2,100. The second greatest value Downtown Watertown apartment is the 18 Beechcroft St Model at 18 Beechcroft St, Unit 4 starting at $2,000 with a $0.20 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.
168 N Beacon St, Unit 21168 N Beacon St1BR,1BA$0.21
18 Beechcroft St, Unit 418 Beechcroft St1BR,1BA$0.20
22 Shepard St, Unit B22 Shepard St1BR,1BA$0.18
18 Beechcroft St, Unit 418 Beechcroft St1BR,1BA$0.20
175 N Beacon St, Unit 1175 N Beacon StStudio ,1BA$0.18
48 Strathmore Rd, Unit #2348 Strathmore RdStudio ,1BA$0.18
10 Chestnut Hill Ave, Unit 410 Chestnut Hill AveStudio ,1BA$0.20
1933 Commonwealth Ave, Unit 171933 Commonwealth AveStudio ,1BA$0.20
36 Dighton St, Unit 336 Dighton St1BR,1BA$0.20
70 Strathmore Rd, Unit 11A70 Strathmore RdStudio ,1BA$0.20

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Pet Friendly Lifestyle
Downtown Watertown, Watertown, MA

Ranked #7

Among neighborhoods in Watertown, MA 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 a cheap apartment in Downtown Watertown?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Watertown is under $1,850.

What is the price of a cheap apartment in Downtown Watertown?

The cheapest apartment in Downtown Watertown is which is listed at $1,650, while the average apartment in Downtown Watertown costs $13,250.

What types of apartments are the cheapest in Downtown Watertown?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 570 regular apartments in Downtown Watertown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Downtown Watertown?

Cheap apartments in Downtown Watertown have an average cost of $120 which is $13,130 cheaper than the average rent for all rentals in Downtown Watertown.

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

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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What to Know About Fees and Fines When Renting

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When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.