Cheap Apartments for Rent in Wakefield, MA from $1,000 (35 Rentals)

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39-41 Richardson Ave
Studio to 1 Bedroom Apartments

39-41 Richardson Ave

39-41 Richardson AveWakefield, MA 01880
  • Utilities Included

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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598 North
1 to 2 Bedroom Apartments

598 North

598 North AveWakefield, MA 01880

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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283 Vinton St, Unit A
$1,900
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900
1 Bedroom Apartment Available Now

283 Vinton St, Unit A

283 Vinton StMelrose, MA 02176
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40 Hurd St
$2,100
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100
1 Bedroom Apartment Available Now

40 Hurd St

40 Hurd StMelrose, MA 02176
Affordability

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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27 North St, Unit 3B
$2,300
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300
2 Bedroom Apartment Available Oct 1

27 North St, Unit 3B

27 North StStoneham, MA 02180

Explore Like a Local: The Insider's Guide to Boston

Explore Boston like a local with our guide to neighborhoods, history, and hidden gems. Discover the city's best apartments, from historic brownstones to modern high-rises, and find your perfect Boston home.

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Stoneham House
Studio to 2 Bedroom Apartments

Stoneham House

180-222 Central StStoneham, MA 02180
  • Utilities Included
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30 Howard St
1 to 2 Bedroom Apartments

30 Howard St

30 Howard StSaugus, MA 01906
  • Utilities Included
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7 Falmouth St
1 Bedroom Apartments

7 Falmouth St

7 Falmouth StSaugus, MA 01906
  • Utilities Included
  • Smoke Free
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411 Main St
1 to 2 Bedroom Apartments

411 Main St

411 Main StStoneham, MA 02180
  • Utilities Included
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30 Pomeworth Street
Studio to 1 Bedroom Apartments

30 Pomeworth Street

30 Pomeworth StStoneham, MA 02180
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32 Tappan St.
Studio to 2 Bedroom Apartments

32 Tappan St.

32 Tappan StMelrose, MA 02176

Wakefield, MA Local Guide

Cheapest Available Wakefield Apartments for Rent

 

The cheapest available apartment rental in Wakefield, MA is a Studio unit found at Leisure Lane Apartments in the West Side neighborhood priced from $1,750. 119 West Wyoming in the Greenwood neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,750. Here is today’s list of the most affordable Wakefield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Leisure Lane ApartmentsstudioStudio,1BA$1,750
119 West Wyoming0BR/1.0BAStudio,1BA$1,750
Mill Street Gardens1 Bedroom, 1 Bath1BR,1BA$1,950
Wakefield one, two, and three bedroomsOne bedroom1BR,1BA$2,100
27-37 Water St1 Bedroom1BR,1BA$2,100

Best Value Apartments for Rent in Wakefield, MA

As of September 23, 2025 the best value apartment in the Wakefield area is the $0.52 price per square foot 330 Swains Pond Ave Model at 330 Swains Pond Ave, Unit 330 in the in the Hammersmith Village neighborhood starting from $5,150. The second greatest value Wakefield apartment is the 18 Union St Model at 18 Union St, Unit 2 starting at $3,300 with a $2.09 price per square foot in the Downtown Reading 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.
330 Swains Pond Ave, Unit 330330 Swains Pond Ave5BR,2.5BA$0.52
18 Union St, Unit 218 Union St4BR,1BA$2.09
121 Myrtle St, Unit 2121 Myrtle St3BR,1BA$2.00
APT Correlative Housing - The Coolidge2BR/2.0BA2BR,2BA$2.51
30 Haven2x1 BA2BR,1BA$2.67
27 W Wyoming Ave, Unit #327 W Wyoming Ave2BR,1BA$2.60
159 Main St159 Main St2BR,2BA$2.67
181 Green St, Unit #413181 Green St2BR,2BA$2.49
Colonial Point ApartmentsModel 1A1BR,1BA$2.55
Mill Street Gardens2 Bedroom2BR,1BA$2.65

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Wakefield, MA Rentals by Map

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Getting Around Wakefield, MA

Walk Score®

69 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

27 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Wakefield Apartments

What is the Cheapest Studio apartment in Wakefield?

Currently the most affordable Cheap Studio Apartment in Wakefield is at Leisure Lane Apartments listed at $1,750.

How much is rent for a Cheap One Bedroom Wakefield Apartment?

The lowest price for a Cheap One Bedroom Wakefield Apartment is $1,850 at Leisure Lane Apartments.

What is the lowest price for a Cheap Two Bedroom Wakefield Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Wakefield is starting from $2,195 at Leisure Lane Apartments.

What is the most affordable Wakefield Three Bedroom Apartment?

The best deal on a cheap Wakefield Three Bedroom Apartment rental is at The Elms and starts from $3,066.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The 10 Best Affordable Neighborhoods in Boston, MA

Written by: Amelia Ramstead

Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.