Cheap Apartments for Rent in Wakefield, MA from $1,000 (63 Rentals)

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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.

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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

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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598 North
1 to 2 Bedroom Apartments

598 North

598 North AveWakefield, MA 01880

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Boston's Best Affordable Neighborhoods

Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead

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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 Leisure Lane Apartments in the West Side neighborhood priced from $1,925. Mill Street Gardens in the Nobility Hill 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
Leisure Lane Apartmentssmall 1 bedroom1BR,1BA$1,925
Mill Street Gardens1 Bedroom, 1 Bath1BR,1BA$1,950
30 Pomeworth Street1BR/1.0BA1BR,1BA$1,975

Best Value Apartments for Rent in Wakefield, MA

As of June 23, 2025 the best value apartment in the Wakefield area is the $0.35 price per square foot 716 Franklin St Model at 716 Franklin St, Unit 1 in the in the Hammersmith Village neighborhood starting from $3,500. The second greatest value Wakefield apartment is the 51 Mount Vernon St Model at 51 Mount Vernon St, Unit #5 starting at $2,800 with a $0.28 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 ListingModel NameBed/BathPrice Per Sq.Ft.
716 Franklin St, Unit 1716 Franklin St4BR,2BA$0.35
51 Mount Vernon St, Unit #551 Mount Vernon St2BR,1.5BA$0.28
22 Linden Rd22 Linden Rd2BR,1BA$0.25
1 Greenleaf Pl1 Greenleaf Pl2BR,1.5BA$1.54
33 Salem St, Unit #133 Salem St3BR,1BA$2.14
110 W Wyoming Ave, Unit #2110 W Wyoming Ave2BR,1BA$2.19
23 Rendall Pl, Unit #2323 Rendall Pl2BR,1BA$2.09
159 Franklin St, Unit #D3159 Franklin St2BR,1BA$2.27
79 Pleasant St, Unit 379 Pleasant St1BR,1BA$2.00
APT Correlative Housing - The Coolidge1BR/1.0BA1BR,1BA$2.21

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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!

Explore Wakefield, MA Rentals by Map

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See the most popular apartments and homes in Wakefield, MA

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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 Windsor Radio Factory listed at $2,420.

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

The lowest price for a Cheap One Bedroom Wakefield Apartment is $1,925 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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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.