$2,000 Plus Fees
- Studio
- 1 Bath
- 660 Sq Ft
- Condo for Rent
550 Belmont St Unit 27, Watertown, MA 02472
Move-In Costs Fees: Last Month Rent: $2,000 First Month Rent: $2,000 Security Deposit: $2,000 Application Fee: $39
Frequently Asked Questions
How much does it cost to rent a condo in Watertown, MA?
The median rent for a condo in Watertown, MA is $2,900 per month, though prices vary by neighborhood, size, and property type. As of September 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Watertown, MA?
To comfortably afford the median rent in Watertown, MA, a household needs to earn roughly $119,480 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,987 per month in Watertown, MA, renters typically need to show $8,961 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Watertown, MA?
In Watertown, MA, the price-to-rent ratio is 22.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Watertown, MA are best for renting a condo?
The best neighborhood for renting in Watertown, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a condo include West Watertown, Brighton, West Cambridge, Allston and Saint Elizabeth's, each with its own character and price range.
