34 Chestnut St
WakefieldMA01880
Cheap Apartments for Rent in the Downtown Wakefield Neighborhood of Wakefield, MA from $1,000 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Wakefield area of Wakefield.
close
View Me
$1,975 - $2,000
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Nov 17Wakefield one, two, and three bedrooms
11 Bartley StWakefield, MA 01880
close
View Me
$2,000
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,000
Total Monthly Price
$2,000
1 Railroad Ave, Unit Apt1 1st Floor
1 Railroad AveWakefield, MA 01880
close
View Me
$2,000
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Nov 1Total Monthly Price
Base Rent
$2,000
Total Monthly Price
$2,000
34 Armory St, Unit BUNGALOW
34 Armory StWakefield, MA 01880
close
View Me
$2,100 - $2,700
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Now27-37 Water St
27-37 Water StWakefield, MA 01880
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.
close
View Me
$2,197 - $7,368
Plus Fees
Studio to 2 Bedroom Apartments Available NowGrayson Lofts
168 Albion StWakefield, MA 01880
close
View Me
15 W Water St
WakefieldMA01880
close
View Me
276 Albion St
WakefieldMA01880
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.
276 Albion St
WakefieldMA01880
Showing Results 1-11, Page 1 of 1
Downtown Wakefield, Wakefield, MA Local Guide
Lake Quannapowitt by Herzogbr is licensed under Internal
How much does it cost to rent an apartment in Downtown Wakefield?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Wakefield Studio Apartments | $2,725 | $1,800 | $4,065 |
| Downtown Wakefield 1 Bedroom Apartments | $2,980 | $1,975 | $5,859 |
| Downtown Wakefield 2 Bedroom Apartments | $3,846 | $2,400 | $7,368 |
| Downtown Wakefield 3 Bedroom Apartments | $4,625 | $4,200 | $5,900 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 1 mile radius of the Downtown Wakefield Neighborhood of Wakefield, MA.
See all Apartments in WakefieldExplore Wakefield
Downtown Wakefield, Wakefield, MA Local Guide
- Nearby Wakefield neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Wakefield Apartments for Rent
The cheapest available apartment rental in the Downtown Wakefield area of Boston, MA is a 1 Bed unit found at 27-37 Water St priced from $2,100. The Elms has the second lowest priced unit, which is a 2 Beds apartment currently listed from $2,750. Here are the most affordable Downtown Wakefield apartments for rent in Boston, MA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 27-37 Water St | 1 Bedroom | 1BR,1BA | $2,100 |
| The Elms | Two Bed | 2BR,1BA | $2,750 |
| Grayson Lofts | B1/B1a | 2BR,2BA | $3,290 |
Best Value Apartments for Rent in Downtown Wakefield, MA
As of October 24, 2025 the best value apartment in the Downtown Wakefield area is the $3.55 price per square foot B1/B1a Model at Grayson Lofts in the in the Greenwood neighborhood starting from $3,290. The second greatest value Downtown Wakefield apartment is the One Bed Model at The Elms starting at $2,750 with a $3.18 price per square foot in the West Side neighborhood. Here is today’s list of the best values for Downtown Wakefield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Grayson Lofts | B1/B1a | 2BR,2BA | $3.55 |
| The Elms | One Bed | 1BR,1BA | $3.18 |
| 1 Railroad Ave, Unit Apt1 1st Floor | 1 Railroad Ave | 1BR,1BA | $2.35 |
| 27-37 Water St | 1 Bedroom | 1BR,1BA | $3.50 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
Read Article
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.
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 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.
Let everyone know!
Do you know the Downtown Wakefield area?
If you’re an expert on all things Downtown Wakefield, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Pet Friendly LifestyleDowntown Wakefield, Wakefield, MA
Ranked #2
Among cities in Massachusetts for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap Downtown Wakefield Apartments
What is the price of a cheap apartment in Downtown Wakefield?
The cheapest apartment in Downtown Wakefield is 27-37 Water St which is listed at $2,100, while the average apartment in Downtown Wakefield costs $4,200.
What types of apartments are the cheapest in Downtown Wakefield?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Downtown Wakefield that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Wakefield?
Cheap apartments in Downtown Wakefield have an average cost of $258 which is $3,942 cheaper than the average rent for all rentals in Downtown Wakefield.
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.
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!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.