Cheap Apartments for Rent in Wakefield, MA from $1,000 (29 Rentals)

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

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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

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Stoneham House
1 to 2 Bedroom Apartments

Stoneham House

180-222 Central StStoneham, MA 02180
  • Utilities Included
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30 Howard St
1 to 2 Bedroom Apartments

30 Howard St

30 Howard StSaugus, MA 01906
  • Utilities Included
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7 Falmouth St
1 Bedroom Apartments

7 Falmouth St

7 Falmouth StSaugus, MA 01906
  • Utilities Included
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411 Main St
1 to 2 Bedroom Apartments

411 Main St

411 Main StStoneham, MA 02180
  • Utilities Included

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 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 ListingModel NameBed/BathPriced From
Hanover StonehamCa1BR,1BA$1,700
Leisure Lane ApartmentsstudioStudio,1BA$1,750
Mill Street Gardens1 Bedroom, 1 Bath1BR,1BA$1,950
Wakefield one, two, and three bedroomsOne bedroom1BR,1BA$2,100
27-37 Water St1 Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
330 Swains Pond Ave, Unit 330330 Swains Pond Ave5BR,2.5BA$0.52
Michaels Landing2BED 2BATH (JUL-SEP 2025)2BR,2BA$2.25
10 Richardson St, Unit 110 Richardson St2BR,1BA$2.46
The Residences at Stevens PondThe Belmont2BR,2BA$2.54
52 Lynde St, Unit #152 Lynde St2BR,1BA$2.28
159 Franklin St, Unit #D3159 Franklin St2BR,1BA$2.27
541 Main St, Unit #4541 Main St1BR,1BA$2.30
3 Stonehill Dr, Unit #1H3 Stonehill Dr1BR,1BA$2.48
13 Radcliffe Rd, Unit #113 Radcliffe Rd1BR,1BA$2.22
137 W Emerson St, Unit #9137 W Emerson St1BR,1BA$2.50

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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

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.

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