Cheap Homes for Rent in Downtown Watertown Neighborhood of Watertown, MA from $1,400 (404 Rentals)

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

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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Downtown Watertown, Watertown, MA Local Guide

Best Value Apartments for Rent in Downtown Watertown, MA

As of April 11, 2025 the best value apartment in the Downtown Watertown area is the $0.21 price per square foot 11 Snow St Model at 11 Snow St, Unit 2 in the in the St. Elizabeth's neighborhood starting from $2,100. The second greatest value Downtown Watertown apartment is the 175 N Beacon St Model at 175 N Beacon St, Unit 1 starting at $1,750 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.
11 Snow St, Unit 211 Snow St1BR,1BA$0.21
175 N Beacon St, Unit 1175 N Beacon StStudio ,1BA$0.18
48 Strathmore Rd, Unit #2348 Strathmore RdStudio ,1BA$0.18
22 Shepard St, Unit B22 Shepard St1BR,1BA$0.18
1933 Commonwealth Ave, Unit 171933 Commonwealth AveStudio ,1BA$0.20
36 Dighton St, Unit 336 Dighton St1BR,1BA$0.20
64 Nonantum St, Unit 164 Nonantum St1BR,1BA$0.20
5 Chestnut Hill Ave, Unit 2-45 Chestnut Hill AveStudio ,1BA$0.20
5 Chestnut Hill Ave, Unit 2-45 Chestnut Hill AveStudio ,1BA$0.20
77 Chiswick Rd, Unit 277 Chiswick Rd1BR,1BA$0.21

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Frequently Asked Questions about Downtown Watertown

What type of rentals are currently available in Downtown Watertown?

There are currently 3940 Apartments for Rent in Downtown Watertown, MA with pricing that ranges from $800 to $23,500. There are also 2555 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Watertown ranging from $1,480 to $21,000.

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 $1,480 to $21,000 with an average monthly rent of $5,107.

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 $1,000 to $15,611, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,950 to $7,000. Four Bedroom Single-Family rentals are also available starting from $2,900 and Four Bedroom Apartments start at $850.

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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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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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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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.