
Cheap Apartments for Rent in Wakefield, MA from $1,000 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in Wakefield.


68 Valley St

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124 Salem St, Unit D

124 Salem St

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184 Broadway St, Unit #3

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246 Salem St, Unit 4

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34 Richardson St, Unit #2
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.

27-37 Water St

39-41 Richardson Ave

598 North

Leisure Lane Apartments

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223 Essex St, Unit 4

182 Central St

21 Sanborn St
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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192 W Wyoming Ave, Unit #10

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157 Franklin St, Unit #B2

Furnished Studio-Boston - Saugus

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51 Hancock St

52 Mill St

513-517-517 Franklin St

150 Green St
Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & 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.

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40 Hurd St

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40 Hurd St, Unit 1

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40 Hurd St, Unit 1

Stoneham House

30 Howard St

7 Falmouth St

411 Main St
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.

119 West Wyoming

30 Pomeworth Street
Wakefield, MA Local Guide

How much does it cost to rent an apartment in Wakefield?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Cheap Wakefield Studio Apartments | $2,362 | $1,665 | $4,065 |
| Cheap Wakefield 1 Bedroom Apartments | $2,760 | $1,725 | $5,859 |
| Cheap Wakefield 2 Bedroom Apartments | $3,329 | $2,050 | $7,769 |
| Cheap Wakefield 3 Bedroom Apartments | $3,998 | $2,600 | $5,149 |
| Cheap Wakefield 4 Bedroom Apartments | $4,400 | $4,400 | $4,400 |
Browse Top Apartments in Wakefield
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Wakefield, MA Local Guide
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Cheapest Available Wakefield Apartments for Rent
 | Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Leisure Lane Apartments | studio | Studio,1BA | $1,665 |
| 27-37 Water St | 1 Bedroom | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Wakefield, MA
As of January 15, 2026 the best value apartment in the Wakefield area is the $1.73 price per square foot 93 Meridian St Model at 93 Meridian St, Unit 2 in the in the Hammersmith Village neighborhood starting from $2,600. The second greatest value Wakefield apartment is the 2BR/2.0BA Model at APT Correlative Housing - The Coolidge starting at $3,015 with a $2.23 price per square foot in the Hammersmith Village neighborhood. Here is today’s list of the best values for Wakefield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 93 Meridian St, Unit 2 | 93 Meridian St | 2BR,1.5BA | $1.73 |
| APT Correlative Housing - The Coolidge | 2BR/2.0BA | 2BR,2BA | $2.23 |
| 110 Crescent Ave, Unit 1 | 110 Crescent Ave | 3BR,1BA | $2.07 |
| 43 Union St, Unit #1 | 43 Union St | 3BR,1.5BA | $2.25 |
| 68 High St, Unit 2 | 68 High St | 2BR,1BA | $2.48 |
| 159 Main St | 159 Main St | 2BR,2BA | $2.67 |
| 15 Landers Rd, Unit B | 15 Landers Rd | Studio ,1BA | $2.50 |
| 47 W Wyoming Ave, Unit 7 | 47 W Wyoming Ave | 2BR,1BA | $2.46 |
| Colonial Point Apartments | Model 1A | 1BR,1BA | $2.55 |
| 34 Richardson St, Unit #2 | 34 Richardson St | 2BR,1BA | $2.63 |
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 ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleTop 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 ArticleQuick 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.
Best Local Schools in Wakefield, MA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Wakefield, MA Rentals by Map
See the most popular apartments and homes in Wakefield, MA
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 $1,665.
How much is rent for a Cheap One Bedroom Wakefield Apartment?
The lowest price for a Cheap One Bedroom Wakefield Apartment is $1,945 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
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

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.

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!

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.

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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!