Cheap Apartments for Rent in Wakefield, MA from $1,000 (90 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Wakefield.

property at 7 Greenwood St

$1,975 - $2,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,975

Total Monthly Price
$1,975

1 To 2 Bedroom Rentals

Available Now

7 Greenwood St

WakefieldMA01880
property at 41 Richardson Ave

$1,995

Total Monthly Price

Total Monthly Price

Base Rent
$1,995

Total Monthly Price
$1,995

1 Bedroom, 1 Bath Home for Rent

Available Now

41 Richardson Ave

WakefieldMA01880
property at 580 Salem St

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

1 Bedroom, 1 Bath Home for Rent

Available Now

580 Salem St

WakefieldMA01880
close
View Me
Melrose Terrace
$2,200 - $2,300
Total Monthly Price

Total Monthly Price

Base Rent
$2,200 - $2,300

Total Monthly Price
Varies
1 Bedroom Apartments Contact Us For Availability

Melrose Terrace

12 Melrose TerWakefield, MA 01880
Family Friendly
  • Verified
  • Utilities Included
  • 3D Tour
close
View Me
Aster at the Summit
Rent Specials
$2,320 - $4,105
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,320 - $4,105

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Aster at the Summit

89 Hopkins StWakefield, MA 01880
Luxury
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
63 Cedar St, Unit Wakefield
$2,395
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,395

Total Monthly Price
$2,395
2 Bedroom Apartment Available Jun 5

63 Cedar St, Unit Wakefield

63 Cedar StWakefield, MA 01880
Cost Per Sq.Ft.

Top Short-Term Rental Neighborhoods in Boston: Tips from a Local Expert

Get a local expert's guide to Boston's top 5 short-term rental neighborhoods. Essential tips on Fenway, Beacon Hill, Seaport, and Allston/Brighton.

close
View Me
Everly
$2,397 - $13,326
Total Monthly Price

Total Monthly Price

Base Rent
$2,397 - $13,326

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Everly

14 Audubon RdWakefield, MA 01880
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
The Basin
Rent Specials
$2,563 - $6,918
Total Monthly Price

Total Monthly Price

Base Rent
$2,480 - $6,835
Required Monthly Fees
$83

Total Monthly Price
$2,563 - $6,918
Studio to 3 Bedroom Apartments Available Now

The Basin

200-400 Quannapowitt PkyWakefield, MA 01880
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
21 Wakefield Ave, Unit Luxury Loft
$2,700
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,700

Total Monthly Price
$2,700
2 Bedroom Apartment Available Aug 1

21 Wakefield Ave, Unit Luxury Loft

21 Wakefield AveWakefield, MA 01880
Cost Per Sq.Ft.
  • Smoke Free
property at 7 North St

$2,727

Total Monthly Price

Total Monthly Price

Base Rent
$2,727

Total Monthly Price
$2,727

1 Bedroom, 1 Bath Home for Rent

Available Now

7 North St

WakefieldMA01880
close
View Me
39-41 Richardson Ave
Studio to 1 Bedroom Apartments

39-41 Richardson Ave

39-41 Richardson AveWakefield, MA 01880
  • Utilities Included
close
View Me
598 North
1 to 2 Bedroom Apartments

598 North

598 North AveWakefield, MA 01880

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.

close
View Me
600 NORTH
2 Bedroom Apartments

600 NORTH

600 North AveWakefield, MA 01880
close
View Me
301 North Ave
1 Bedroom Apartments

301 North Ave

301 North AveWakefield, MA 01880
  • Utilities Included
close
View Me
259 Water St
2 Bedroom Apartments

259 Water St

259 Water StWakefield, MA 01880
  • Utilities Included
property at 276 Albion St

$2,800

Total Monthly Price

Total Monthly Price

Base Rent
$2,800

Total Monthly Price
$2,800

2 Bedroom Rentals

Available Now

276 Albion St

WakefieldMA01880
close
View Me
452 Main St, Unit 4
$1,800
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800
1 Bedroom Apartment Available Now

452 Main St, Unit 4

452 Main StMelrose, MA 02176
Cost Per Sq.Ft.
  • Smoke Free

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.

property at 43 Pomeworth St

$1,950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

1 Bedroom, 1 Bath Condo for Rent

Available Jun 15

43 Pomeworth St, Unit 34

43 Pomeworth St
StonehamMA02180
property at 12 Gould St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

Studio, 1 Bath Home for Rent

Available Now

12 Gould St

StonehamMA02180
property at 340 Main St

$1,750 - $2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

Studio To 1 Bedroom Rentals

Available Now

340 Main St

MelroseMA02176
property at 184 Chestnut St

$2,050

Total Monthly Price

Total Monthly Price

Base Rent
$2,050

Total Monthly Price
$2,050

3 Bedroom, 1 Bath Home for Rent

Available Now

184 Chestnut St

LynnMA01902

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

property at 295 Main St

$2,100

Total Monthly Price

Total Monthly Price

Base Rent
$2,100

Total Monthly Price
$2,100

1 Bedroom, 1 Bath Home for Rent

Available Now

295 Main St

ReadingMA01867
close
View Me
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
property at 53 Pearl St

$2,150

Total Monthly Price

Total Monthly Price

Base Rent
$2,150

Total Monthly Price
$2,150

2 Bedroom, 1 Bath Home for Rent

Available Now

53 Pearl St

MelroseMA02176
close
View Me
Towne Estates
Rent Specials
$2,170 - $2,595
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,170 - $2,595

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Towne Estates

209 Pleasant StMelrose, MA 02176
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 836 Main St

$2,275

Total Monthly Price

Total Monthly Price

Base Rent
$2,275

Total Monthly Price
$2,275

2 Bedroom, 1 Bath Home for Rent

Available Now

836 Main St

MelroseMA02176
close
View Me
Avalon Saugus
Rent Specials
$2,365 - $3,986
Total Monthly Price

Total Monthly Price

Base Rent
$2,259 - $3,880
Required Monthly Fees
$106

Total Monthly Price
$2,365 - $3,986
Studio to 2 Bedroom Apartments Available Now

Avalon Saugus

861 BroadwaySaugus, MA 01906
Furnished
  • Verified
  • Customer Reviewed
  • Smoke Free

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.

Wakefield, MA Local Guide

Cheapest Available Wakefield Apartments for Rent

 

The cheapest available apartment rental in Wakefield, MA is a 1 Bed unit found at Wakefield one, two, and three bedrooms with heating included in the Greenwood neighborhood priced from $2,000. 27-37 Water St in the Greenwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,100. Here is today’s list of the most affordable Wakefield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wakefield one, two, and three bedrooms with heating included1BR/1.0BA1BR,1BA$2,000
27-37 Water St1 Bedroom1BR,1BA$2,100
119 West Wyoming1BR/1.0BA1BR,1BA$2,150
Towne EstatesOne Bedroom One Bathroom1BR,1BA$2,170
Colonial Point Apartments1 Bedroom1BR,1BA$2,200
Mill Street Gardens2 Bedroom2BR,1BA$2,250
Leisure Lane Apartments2 bedroom2BR,1BA$2,250
Aster at the SummitS1AStudio,1BA$2,320

Best Value Apartments for Rent in Wakefield, MA

As of May 31, 2026 the best value apartment in the Wakefield area is the $0.18 price per square foot 452 Main St Model at 452 Main St, Unit 4 in the in the Hammersmith Village neighborhood starting from $1,800. The second greatest value Wakefield apartment is the TOP FLOOR 2BED 2BATH Model at Michaels Landing starting at $3,000 with a $2.50 price per square foot in the West Peabody 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.
452 Main St, Unit 4452 Main St1BR,1BA$0.18
Michaels LandingTOP FLOOR 2BED 2BATH2BR,2BA$2.50
159 Main St159 Main St2BR,2BA$2.67
APT Correlative Housing - The Coolidge1BR/1.0BA1BR,1BA$2.81
295 Lebanon St, Unit 2295 Lebanon St2BR,1BA$2.89
Colonial Point Apartments1 Bedroom1BR,1BA$2.55
Mill Street Gardens2 Bedroom2BR,1BA$2.65
Leisure Lane Apartments2 bedroom2BR,1BA$2.68
The Residences at Stevens PondThe Appleton1BR,1BA$3.07
40 Hurd St40 Hurd St1BR,1BA$2.80

Boston Neighborhood Guide: Living Near UMass, MGH, and State Street

Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.

Read Article
Decorative image

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.

Read Article
Decorative image

Top Neighborhoods Near Boston Colleges and Universities

Learn About the Best Neighborhoods to Rent Near College Campuses in Boston, MA | Find Boston Off-Campus Student Housing at ApartmentHomeLiving.com

Read Article
Decorative image

Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

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

Explore Wakefield, MA Rentals by Map

View Map
Wakefield, MA Apartments Map
View Map
Wakefield, MA Rental Homes Map

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 Aster at the Summit listed at $2,320.

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

The lowest price for a Cheap One Bedroom Wakefield Apartment is $2,000 at Wakefield one, two, and three bedrooms with heating included.

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 $2,250 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

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

decorative image for The 10 Best Affordable Neighborhoods in Boston, MA article

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.

decorative image for A Local Experts Guide to the Top Boston Neighborhoods for College Renters article

A Local Experts Guide to the Top Boston Neighborhoods for College Renters

Written by: Amelia Ramstead

Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts! We’re excited to help you find your new home, and getting to know the neighborhood is an important part of that process!

decorative image for Explore Like a Local: The Insider's Guide to Boston article

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

Written by: Amelia Ramstead

Hello from Boston, Massachusetts! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, and I’m here to give you the inside scoop on this unique city.

decorative image for Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street article

Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street

Written by: Amelia Ramstead

Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.

Articles, How-To's, and Tips

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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.