Cheap Apartments for Rent in Wakefield, MA from $1,500 (65 Rentals)

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

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Everly
$2,195 - $11,416
Total Monthly Price

Total Monthly Price

Base Rent
$2,195 - $11,416

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Everly

14 Audubon RdWakefield, MA 01880
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 40 Central St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

2 Bedroom, 1 Bath Home for Rent

Available Now

40 Central St

WakefieldMA01880
property at 298 Main St

$2,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

298 Main St, Unit 298 Main

298 Main St
WakefieldMA01880
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Aster at the Summit
Rent Specials
$2,320 - $4,080
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,320 - $4,080

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Aster at the Summit

89 Hopkins StWakefield, MA 01880
  • Verified
  • Customer Reviewed
  • 3D Tour

Moving to Boston Without Losing Your Mind: A Renter’s Guide to a Smooth Move

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property at 7 Greenwood St

$2,450

Total Monthly Price

Total Monthly Price

Base Rent
$2,450

Total Monthly Price
$2,450

2 Bedroom, 1 Bath Home for Rent

Available Now

7 Greenwood St

WakefieldMA01880
property at 4 Wakefield Ave

$2,500

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

4 Wakefield Ave, Unit 4

4 Wakefield Ave
WakefieldMA01880
property at 206 Nahant St

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

2 Bedroom, 1 Bath Home for Rent

Available Now

206 Nahant St

WakefieldMA01880
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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
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598 North
1 to 2 Bedroom Apartments

598 North

598 North AveWakefield, MA 01880
property at 298 Main St

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

1 Bedroom, 1 Bath Condo for Rent

Available Sep 1

298 Main St

WakefieldMA01880
property at 15 W Water St

$2,400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

2 Bedroom, 1 Bath Townhome for Rent

Available Sep 1

15 W Water St

WakefieldMA01880
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600 NORTH
2 Bedroom Apartments

600 NORTH

600 North AveWakefield, MA 01880
property at 104 W Emerson St

$1,485

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,485

Total Monthly Price
$1,485

Studio, 1 Bath Townhome for Rent

Available Now

104 W Emerson St, Unit 5a

104 W Emerson St
MelroseMA02176

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 149 Hancock St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

Studio, 1 Bath Home for Rent

Available Sep 1

149 Hancock St

StonehamMA02180
property at 14 E Wyoming Ave

$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 Sep 1

14 E Wyoming Ave

MelroseMA02176
property at 6 Wildwood Ln

$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 Oct 15

6 Wildwood Ln

StonehamMA02180

What It Really Costs to Live in Boston: A Local Renter’s Guide

Thinking of moving to Boston? Discover the real cost of living in the city. Our local expert guide breaks down rent, hidden utility costs, transportation tips, and neighborhood tradeoffs to help you budget smarter.

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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
$2,170 - $2,595
1 to 2 Bedroom Apartments Available Now

Towne Estates

209 Pleasant StMelrose, MA 02176
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 150 Green St

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

150 Green St

MelroseMA02176
property at 99 W Wyoming Ave

$2,200

Total Monthly Price

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200

1 Bedroom, 1 Bath Home for Rent

Available Sep 1

99 W Wyoming Ave

MelroseMA02176
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150 Green St, Unit 2C
$2,200
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,200

Total Monthly Price
$2,200
1 Bedroom Apartment Available Sep 1

150 Green St, Unit 2C

150 Green StMelrose, MA 02176
  • Smoke Free
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Avalon Saugus
Rent Specials
$2,214 - $3,786
Total Monthly Price

Total Monthly Price

Base Rent
$2,108 - $3,680
Required Monthly Fees
$106

Total Monthly Price
$2,214 - $3,786
Studio to 2 Bedroom Apartments Available Sep 1

Avalon Saugus

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

Close to Boston, Easier to Rent: Your Guide to 5 Key Neighboring Cities

Find your perfect apartment outside Boston. We review Quincy, Braintree, Malden, Somerville, and Lynn, covering local hotspots, commute options, and available rental types.

property at 137 Lynde St

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

2 Bedroom, 1 Bath Home for Rent

Available Sep 15

137 Lynde St

MelroseMA02176
property at 295 Main St

$2,000 - $2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

1 Bedroom Rentals

Available Now

295 Main St

ReadingMA01867
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30 Haven
$2,465 - $3,220
Total Monthly Price

Total Monthly Price

Base Rent
$2,465 - $3,220

Total Monthly Price
$2,465 - $3,220
1 to 2 Bedroom Apartments Available Now

30 Haven

30 Haven StReading, MA 01867
Luxury
  • Verified
  • Customer Reviewed
  • Utilities Included
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Stonehill Towers
Rent Specials
$2,500 - $3,300
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,500 - $3,300

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Oct 1

Stonehill Towers

5 Stonehill DrStoneham, MA 02180
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 Mill Street Gardens in the Nobility Hill neighborhood priced from $1,950. 119 West Wyoming in the Greenwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,950. Here is today’s list of the most affordable Wakefield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Mill Street Gardens1 Bedroom, 1 Bath1BR,1BA$1,950
119 West Wyoming1BR/1.0BA1BR,1BA$1,950
Leisure Lane Apartmentslarge 1 bedroom1BR,1BA$1,995
Rockledge Apartments1BR/1.0BA1BR,1BA$2,000
27-37 Water St1 Bedroom1BR,1BA$2,100
Towne EstatesOne Bedroom One Bathroom1BR,1BA$2,170
EverlyStudio (632 SF)Studio,1BA$2,195
Colonial Point Apartments1 Bedroom1BR,1BA$2,200
Corey103051BR,1BA$2,375
Nexxus ApartmentsThe Peabody1BR,1BA$2,380

Best Value Apartments for Rent in Wakefield, MA

As of August 31, 2026 the best value apartment in the Wakefield area is the $2.22 price per square foot 58 Temple St Model at 58 Temple St, Unit 1 in the in the North Woburn neighborhood starting from $3,990. The second greatest value Wakefield apartment is the THIRD FLOOR CORNER Model at Michaels Landing starting at $3,150 with a $2.63 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.
58 Temple St, Unit 158 Temple St3BR,1BA$2.22
Michaels LandingTHIRD FLOOR CORNER2BR,2BA$2.63
Bell Reading CommonsB2A2BR,2BA$2.92
48 Pleasant Street2BR/1.5BA2BR,1.5BA$2.97
32 Pond St, Unit 232 Pond St2BR,1BA$2.40
Colonial Point Apartments1 Bedroom1BR,1BA$2.55
Washington Crossing ApartmentsCharles 1B1B1BR,1BA$2.90
Mill Street Gardens2 Bedroom2BR,1BA$2.65
Residences at Stevens PondThe Appleton1BR,1BA$2.93
119 West Wyoming1BR/1.0BA1BR,1BA$2.79

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.

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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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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

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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.

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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.

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

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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 Everly listed at $2,202.

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

The lowest price for a Cheap One Bedroom Wakefield Apartment is $1,950 at Mill Street Gardens.

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 Residences at Stevens Pond and starts from $3,389.

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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Moving to Boston Without Losing Your Mind: A Renter’s Guide to a Smooth Move

Written by: Amelia Ramstead

Hello! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston.

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What It Really Costs to Live in Boston: A Local Renter's Guide

Written by: Amelia Ramstead

Hello! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston.

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Close to Boston, Easier to Rent: Your Guide to 5 Key Neighboring Cities

Written by: Amelia Ramstead

Hello! I’m Amelia, your ApartmentHomeLiving.com expert for Boston!

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

Written by: Amelia Ramstead

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Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.