Cheap Homes for Rent in Wakefield Neighborhood of Baltimore, MD from $500 (39 Rentals)

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Search the lowest-cost Homes available for rent right now in the Wakefield area of Baltimore.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 1615 N Ellamont St

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650
Total Monthly Price
$650

1 Bedroom, 2 Bath Home for Rent

Available Now

1615 N Ellamont St

BaltimoreMD21216

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 2536 Loyola Southway

$1,200 - $1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $1,600
Total Monthly Price
$1,200 - $1,600

2 To 4 Bedroom Homes for Rent

Available Now

2536 Loyola Southway

BaltimoreMD21215
property at 2917 Rockrose Ave

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Total Monthly Price
$1,225

1 Bedroom, 1 Bath Townhome for Rent

Available Now

2917 Rockrose Ave

BaltimoreMD21215

Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers

Explore the best places to live in Baltimore, from Charles Village to Fells Point, with a guide for employees of the city's major employers.

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Showing Results 1-39, Page 1 of 1

Cheapest Available Wakefield Apartments for Rent

 

The cheapest available apartment rental in the Wakefield area of Baltimore, MD is a 1 Bed unit found at North Avenue Gateway II priced from $745. Cold Spring Lane has the second lowest priced unit, which is a 2 Beds apartment currently listed from $775. Here are the most affordable Wakefield apartments for rent in Baltimore, MD:

Apartment ListingModel NameBed/BathPriced From
North Avenue Gateway II1 Bedroom/1 Bath C1BR,1BA$745
Cold Spring LaneTwo Bedroom2BR,1BA$775
Ashburton Woods ApartmentsOne Bedroom/1 Bath1BR,1BA$875
Ten Hills0BR 1BA (380)Studio,1BA$925
Woodington West ApartmentsThe Edgewood1BR,1BA$961
Rock Glen ApartmentsStudioStudio,1BA$1,085
Gwynn Oaks Landing Apartments and TownhomesOne Bedroom - 605 sqft1BR,1BA$1,120
Nottingham Gardens2BR2BR,1BA$1,150
Wabash Manor Apartments2BR/1BA Standard2BR,1BA$1,200

Best Value Apartments for Rent in Wakefield, MD

As of April 26, 2026 the best value apartment in the Wakefield area is the $1.00 price per square foot 3404 Alto Rd Model at 3404 Alto Rd, Unit 2nd floor in the in the Burleith-Leighton neighborhood starting from $1,400. The second greatest value Wakefield apartment is the 3b_r Model at Ashburton starting at $1,399 with a $1.37 price per square foot in the Burleith-Leighton neighborhood. Here is today’s list of the best values for Wakefield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3404 Alto Rd, Unit 2nd floor3404 Alto Rd2BR,1BA$1.00
Ashburton3b_r3BR,1BA$1.37
Elgin Townhomes2BR/1.0BA2BR,1BA$1.25
3615 Mohawk Ave2 bed / 1 bath2BR,1BA$1.60
Catons Villas North Townhomes2 bd/ 1.5 ba Townhome2BR,1.5BA$1.47
5312 Gwynn Oak Ave, Unit Apt. 35312 Gwynn Oak Ave2BR,1BA$1.33
Ashburton Woods ApartmentsOne Bedroom/1 Bath1BR,1BA$0.99
Cold Spring LaneOne Bedroom1BR,1BA$1.35
North Avenue Gateway II1 Bedroom/1 Bath D1BR,1BA$1.36
Woodington West ApartmentsThe Edgewood1BR,1BA$1.55

Frequently Asked Questions about Wakefield

What type of rentals are currently available in Wakefield?

There are currently 233 Apartments for Rent in Wakefield, MD with pricing that ranges from $650 to $2,500. There are also 151 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wakefield ranging from $550 to $3,424.

What is the current price range for Rental Homes in Wakefield?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wakefield ranges from $550 to $3,424 with an average monthly rent of $1,498.

Expert Rental Resources

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.

Helpful Local Expert Guides

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A Baltimore Local Expert’s Guide To 10 Budget-Friendly Neighborhoods to Rent

Written by: Sarah Bregel

There are few cities more eclectic and diverse than Baltimore, Maryland. I should know. I've lived in various parts of Baltimore for most of my life.

decorative image for Beyond the Classroom: Discovering Baltimores Best Student Friendly Neighborhoods article

Beyond the Classroom: Discovering Baltimores Best Student Friendly Neighborhoods

Written by: Sarah Bregel

Baltimore, Maryland is an incredibly vibrant town known for some amazing colleges. I had the pleasure of growing up sandwiched between a few of them.

decorative image for Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers article

Charm City Commute: The Best Baltimore Neighborhoods for Renting Near Top Employers

Written by: Sarah Bregel

Baltimore, Maryland may have a reputation for being crime-ridden and dirty (you really hurt us, The Wire). But honestly, as a longtime resident, I have to let you in on something: that couldn't be further from the truth.

Articles, How-To's, and Tips

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.