166 Main Street
166 Main, Income Restricted Apartment rentals, bring beautiful design and lifestyle-friendly amenities to downtown Watertown, with a variety of thoughtful floor plans including studio, one-bedroom, and two-bedroom residences. These tailored homes offer the perfect blend of elevated comfort and seamless connectivity, located just a short trip away from interesting shops, abundant green space, and convenient transportation. This is a truly unique place to call home. Nestled in an exceptional location that's walkable and convenient to downtown Boston, this bike-friendly community features expansive private outdoor terraces never before seen in Watertown. Your needs are met with easy and secure building access and a spacious lobby to welcome you home. Whether you're looking to walk or ride along with the Charles River Walkway or rideshare into Back Bay, the possibilities are endless. Watertown and 166 Main are waiting for you
FEATURES
Bike Friendly
Walkable downtown location
Outdoor Terrace
NEIGHBORHOOD
Downtown Watertown is a great option for renters who want to be surrounded by amenities while being convenient to Boston. Downtown Watertown is 10 miles from Boston and only five miles from Cambridge, giving renters easy access to both cities and several institutions including Boston University, Harvard University, and Massachusetts Institute of Technology.
Downtown Watertown blends the new and the old, with many rentals consisting of condos and apartments in converted buildings. The area has an urban vibe and a pedestrian-friendly environment. As the heart of Watertown, downtown is filled with restaurants and shopping options. The area is also home to several parks like Watertown Square, which has great views of the Charles River.
FIRST COME, FIRST SERVED / PROCESS
Please note, this is not a lottery. Applications for 166 Main Street are processed on a first come, first served basis, as apartments become available.
If there is no current availability, applications are added to the waiting list and are reviewed upon receipt to ensure completion and proper documentation only. Applications will then be reviewed for eligibility when they are reached on the waiting list.
Applicants will be emailed upon receipt of their application and upon each application review. Please check your email regularly.
JOIN OUR COMMUNITY / AVAILABILITY & ELIGIBILITY
166 Main Street is a mixed-income community offering affordable apartment rentals. Eligibility and income restrictions apply. Find current availability and income limits in the table below.
Minimum income limits apply unless the household receives mobile housing assistance (including, but not limited to: VASH, Section 8 and MRVP).
- Program: 40B
- Number of Income-Restricted Apartments: 5
- Apartment Sizes: Studio, 1-Bedroom, 2-Bedroom
- Income-Restricted, ADA-Accessible Apartments:
- Maximum Income Limits: 65% – 80% AMI (Area Median Income)
- Asset Limit: $75,000
Current Rental Availability
| Property | # Beds | Rent | Minimum Income | Income Limit (AMI) | Units Available | Accessible Units |
|---|---|---|---|---|---|---|
| Bremen 282 | Studio (Certified-Artist Only Unit w/ $200/month Artist Fee) | $1,175 | $35,250 | 60% | 1 (Certified-Artist Only Unit w/ $200/month Artist Fee) | 0 |
| 93 Centre Street | 1-Bedroom | $1,823 | $54,690 | 80% | 1 | 0 |
| 40 Malvern | 2-Bedroom | $1,876 | $56,280 | 70% | 1 | 0 |
| The Tremont | 2-Bedroom | $2,746 | $82,380 | 80% | 1 | 0 |
| The Tremont | 1-Bedroom (ADA-M Unit) | $2,467 | $74,010 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Hearing Impairments |
| The Cove | 2-Bedroom | $2,587 | $77,610 | 80% | 1 | 0 |
| Beacham Street Apartments | 1-Bedroom | $1,900 | $57,000 | 80% | 4 | 0 |
| Essex Landing | 1-Bedroom | $2,100 | $63,000 | 80% | 1 | 0 |
| Jefferson Station | 1-Bedroom | $2,324 | $69,720 | 80% | 1 | 0 |
| Jefferson Station | 2-Bedroom | $2,739 | $82,170 | 80% | 1 | 0 |
| 536 Broadway | 1-Bedroom | $2,100 | $63,000 | 80% | 1 | 0 |
| 536 Broadway | 2-Bedroom | $2,567 | $77,710 | 80% | 1 | 0 |
| Prynne Hills | 1-Bedroom | $2,227 | $66,810 | 80% | 1 | 0 |
| The Overlook at St. Gabriel's | 2-Bedroom | $3,704 | $111,120 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | 1-Bedroom | $3,079 | $92,370 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | Studio | $2,833 | $84,990 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | Studio | $2,683 | $80,490 | 150% | 1 | 0 |
| The Overlook at St. Gabriel's | Micro Studio | $2,533 | $75,990 | 150% | 1 | 0 |
| Mason | 1-Bedroom | $2,288 | $68,640 | 80% | 2 | 1 |
| The Huntington | 2-Bedroom | $2,746 | $82,380 | 80% | 1 | 0 |
| Halstead Burlington | Studio | $2,050 | $55,350 | 80% | 2 | 0 |
| Halstead Burlington | 1 - Bedroom | $2,200 | $59,400 | 80% | 1 | 0 |
| Halstead Burlington | 2 - Bedroom | $2,550 | $68,850 | 80% | 1 | 0 |
| Ellington Metro West | 1-Bedroom | $1,803 | $54,090 | 80% | 1 | 0 |
| Gateway at Millis | 2-Bedroom | $2,472 | $74,160 | 80% | 1 | 0 |
| Essex Street Lofts | Studio | $1,492 | $44,760 | 80% | 3 | 0 |
| Essex Street Lofts | 1-Bedroom | $1,685 | $50,550 | 80% | 4 | 1 Unit built out for Households with Mobility Impairments |
| Lux | 1-Bedroom | $1,981 | $59,430 | 80% | 1 | 0 |
| Lux | 2-Bedroom | $2,361 | $70,830 | 80% | 2 | 0 |
| 7Ink | Single Room Occupancy (SRO) | $1,214 | $36,420 | 70% | 1 | 0 |
| 525 Linc | Single Room Occupancy (SRO) | $1,138 | $34,140 | 70% | 3 | 0 |
| Oxbow Wayland | 1-Bedroom (Age-Restricted 55+) | $2,150 | $64,500 | 80% | 1 (Age-Restricted 55+) | 0 |
| The Aven at Newton Highlands | 1-Bedroom | $2,245 | $67,350 | 80% | 1 | 0 |
| Helix | Studio | $2,050 | $54,120 | 80% | 1 | 0 |
| Essex Landing | 1-Bedroom | $2,100 | $63,000 | 80% | 2 | 0 |
| Tidewater | 1-Bedroom | $2,377 | $71,310 | 80% | 1 | 0 |
| 16 Laurel | 2-Bedroom (ADA-M Unit) | $2,746 | $82,380 | 80% | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
| 1180 Great Plain | 1-Bedroom | $2,321 | $69,630 | 80% | 1 | 0 |
| Prospect Union Square | 1-Bedroom | starting at $2,211 | $91,201 | 110% | 1 | 0 |
| Village Green | 2-Bedroom | $2,591 | $77,730 | 80% | 1 | 0 |
| Heritage at Bedford Sprints | 1-Bedroom | $1,410 | $42,300 | 80% | 1 | 0 |
| The Charley | 1-Bedroom (ADA-M Unit) | $2,107 | $63,210 | 90% | 1 (ADA-M Unit) | 1 Unit built out for Households with Mobility Impairments |
| Oriole Landing | 1 - Bedroom | 80% | 2 | 0 |
2025 HUD Income Limits
| Household Size | 50% | 80% | 120% |
|---|---|---|---|
| 1 Person | $57,900 | $92,650 | $135,156 |
| 2 Person | $66,200 | $105,850 | $154,464 |
| 3 Person | $74,450 | $119,100 | $173,772 |
| 4 Person | $82,700 | $132,300 | $193,080 |
| 5 Person | $89,350 | $142,900 | $208,526 |
| 6 Person | $95,950 | $153,500 | $223,973 |
NEXT STEPS
INCOME & ELIGIBILITY QUESTIONS / FAQ
How is my income calculated?
The household income is calculated based on the gross income of the household. Commissions, bonuses and other regular payments are included and considered part of the gross annual income.
I didn’t file taxes last year. What do I need to provide?
Individuals or households who did not file taxes must provide a verification of non-filing from the IRS in lieu of a tax return. To obtain the verification of non-filing, applicants should fill out a 4506-T form and file it by mail or hand-deliver it to an IRS office. The IRS will mail back a letter of verification which must be provided with the income materials given to the marketing agent. See the IRS website to download a 4506-T form.
I received a pay raise between the time I picked up an application and the time I was income certified and now I am over the income limit. What do I do?
Income is calculated at the time the applicant submits an application to the lottery agent, not during the application process or at the time of the lottery. Eligibility must be maintained from the time of the application pick up until after income certification verification. Unfortunately, if an applicant’s income is over the income limit, the applicant will not be eligible for the particular unit for which they applied.
I have children in school/college, how does this affect my application?
Income from children in school/college under the age of 18 is not considered towards the income of the household.
Are student loans considered income?
Student loans are not considered income and may not be used to income qualify.
I am separated from my spouse, does this affect my application?
Legally married couples shall both be considered part of the household, even if separated. Applicants with additional questions regarding this policy must speak with the marketing agent/seller.
I would like to appeal a decision regarding income eligibility. How do I appeal? Applicants who are rejected will receive a rejection letter in writing and will be given 7 days for the opportunity to appeal the decision.
PROPERTY & COMMUNITY QUESTIONS / FAQ
What are the move-in fees? First, last and security. All one month’s rent
What utilities are included in the rent? Heat, hot water, gas
Is the stove electric or gas? Electric
Is the washer/dryer included? Yes – in unit
Is parking available? Yes – garage
Is storage available? No storage available
What is the pet policy? Pets allowed – breed restrictions apply. $50 pet fee
If you have questions about this property, please contact us.
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