Watermills
350 Pleasant St,
Watertown, MA 02472
1-2 Beds | $2,400 - $4,250
Rental Market Trends in Watertown, MA
Updated July 2026
The average rent in Watertown, MA is $3,103/month.
Rent in Watertown is 87% higher than the national average rent of $1,663/month, making this one of the more expensive cities statewide.
$3,103/month
Average Rent
825 Sq Ft
Average Size
+3.6%
Change / Year
1,739
Available Apartments
Watertown rent varies by unit size and layout:
- Studio apartments in Watertown average $2,660 per month.
- One-bedroom apartments in Watertown average $3,103 per month.
- Two-bedroom apartments in Watertown average $3,803 per month.
- Three-bedroom apartments in Watertown average $4,952 or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Watertown, MA?
In the past year, rent has increased by 3.6%, which averages out to $112 more per month.
Market Trends Over Time
July 2026
2025
2026
Rent Ranges in Watertown, MA
July 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
5%
$1,501 - $2,000/month
95%
Above $2,000/month
Rent by Neighborhood
What are the most affordable neighborhoods in Watertown?
Based on current rent prices, Watertown West End, Downtown Watertown and East Watertown are the most affordable neighborhoods in Watertown.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Watertown?
Based on current rent prices, East Watertown, Downtown Watertown and Watertown West End are the most expensive neighborhoods in Watertown.
Neighborhood
Average Rent
Average Sq Ft
Which Watertown neighborhoods have the most rentals available?
The neighborhoods in Watertown with the most apartments available are East Watertown, Watertown West End and Downtown Watertown .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Watertown, MA?
Because the average rent in Watertown is $3,103, you’ll want to make about $10,343 per month or $124,116 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Watertown, MA compare to other nearby cities and neighborhoods?
Use the tool below to compare Watertown, MA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
View the Watertown Area GuideStudio
$2,575/month
$2,634/month
One Bedroom
$2,913/month
$3,280/month
Two Bedroom
$3,586/month
$4,211/month
Three Bedroom
$4,483/month
$4,949/month
Compare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Watertown We Think You'll Love
Rental management, simplified
Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com
Guides for Managing Your Rental
Frequently Asked Questions
What is the average rent in Watertown?
The average rent in Watertown is $3,103 per month, which is 86.6% higher than the national average of $1,663.
What is the average rent for a house in Watertown?
The average rent for a house in Watertown, MA is $4,045 per month.
What is the average rent for a townhome in Watertown?
The average rent for a townhome in Watertown, MA is $3,190 per month.
What is the average rent for a condo in Watertown?
The average rent for a condo in Watertown, MA is $2,729 per month.
Are rents going up or down in Watertown?
Rents in Watertown, MA are increasing, with prices up 3.6% year-over-year and $112 more per month.
What rent range is most common in Watertown?
In Watertown, MA, 95% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.