
Cheap Apartments for Rent in Wakefield, MA from $1,000 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in Wakefield.

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 one, two, and three bedrooms

Hanover Stoneham

Leisure Lane Apartments
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Stonehill Towers

119 West Wyoming
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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30 Pomeworth Street

288 Main St
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Wakefield, MA Local Guide

How much does it cost to rent an apartment in Wakefield?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Cheap Wakefield Studio Apartments | $2,728 | $1,750 | $5,190 |
Cheap Wakefield 1 Bedroom Apartments | $3,130 | $1,725 | $10,000+ |
Cheap Wakefield 2 Bedroom Apartments | $3,933 | $2,150 | $10,000+ |
Cheap Wakefield 3 Bedroom Apartments | $4,573 | $2,500 | $7,259 |
Cheap Wakefield 4 Bedroom Apartments | $7,930 | $3,000 | $10,000+ |
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Wakefield, MA Local Guide
- Wakefield Neighborhoods
- Nearby Cities
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Cheapest Available Wakefield Apartments for Rent
 The cheapest available apartment rental in Wakefield, MA is a 1 Bed unit found at Hanover Stoneham in the Wyoming neighborhood priced from $1,700. Leisure Lane Apartments in the West Side 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Hanover Stoneham | Ca | 1BR,1BA | $1,700 |
Leisure Lane Apartments | studio | Studio,1BA | $1,750 |
Mill Street Gardens | 1 Bedroom, 1 Bath | 1BR,1BA | $1,950 |
Wakefield one, two, and three bedrooms | One bedroom | 1BR,1BA | $2,100 |
27-37 Water St | 1 Bedroom | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Wakefield, MA
As of August 08, 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 2BED 2BATH (JUL-SEP 2025) Model at Michaels Landing starting at $2,700 with a $2.25 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
330 Swains Pond Ave, Unit 330 | 330 Swains Pond Ave | 5BR,2.5BA | $0.52 |
Michaels Landing | 2BED 2BATH (JUL-SEP 2025) | 2BR,2BA | $2.25 |
10 Richardson St, Unit 1 | 10 Richardson St | 2BR,1BA | $2.46 |
The Residences at Stevens Pond | The Belmont | 2BR,2BA | $2.54 |
52 Lynde St, Unit #1 | 52 Lynde St | 2BR,1BA | $2.28 |
159 Franklin St, Unit #D3 | 159 Franklin St | 2BR,1BA | $2.27 |
541 Main St, Unit #4 | 541 Main St | 1BR,1BA | $2.30 |
3 Stonehill Dr, Unit #1H | 3 Stonehill Dr | 1BR,1BA | $2.48 |
13 Radcliffe Rd, Unit #1 | 13 Radcliffe Rd | 1BR,1BA | $2.22 |
137 W Emerson St, Unit #9 | 137 W Emerson St | 1BR,1BA | $2.50 |
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Best Local Schools in Wakefield, MA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
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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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,700 at Hanover Stoneham.
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 Mill Street Gardens.
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.