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Apartments for Rent in Boston, MA under $500

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  • Studio $400
    Base rent
    Verified Listing

    174 Newbury Street

    174 Newbury Street, Boston, MA 02116
  • Ask for pricing
    Verified Listing

    Old Colony I

    25 James Oneill Street, South Boston, MA 02127
    Pet friendly • In unit laundry • Public Transportation
  • Ask for pricing
    Income restricted
    Verified Listing

    The Anne M. Lynch Homes At Old Colony

    4.5 (1)
    20 Reverend Burke Street, South Boston, MA 02127
    In unit laundry • Hardwood Floors • Public Transportation
  • 3-0-city

Frequently asked questions

When were prices and availability in Boston, MA last updated?

Prices and availability in Boston, MA were last updated on 24 Aug 2026.

What are the best apartments in Boston, MA?

The best apartments in Boston, MA are: 1943 DOT Ave, MetroMark, Adams Village, The Indie and Peninsula II.

What type of rental buildings are in Boston, MA?

In Boston, 64% of the residents are renting compared to 36% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 23% of Boston's rentals, 74% are small-scale complexes with under 50 units, and 2% are single-family rentals.

Renting apartments in Boston, MA under $500

Searching for apartments for rent in Boston, MA under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RentCafe can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Boston, MA. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Boston, MA going for $400 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.