68 Valley St
WakefieldMA01880
Cheap Apartments for Rent in the Downtown Wakefield Neighborhood of Wakefield, MA from $1,000 (14 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Wakefield area of Wakefield.
124 Salem St
WakefieldMA01880
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$1,995
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$1,995
Total Monthly Price
$1,995
124 Salem St, Unit D
124 Salem StWakefield, MA 01880
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$2,100
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,100
Total Monthly Price
$2,100
34 Richardson St, Unit #2
34 Richardson StWakefield, MA 01880
14 W Water St, Unit #3
14 W Water St
WakefieldMA01880
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$2,100
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Mar 11Total Monthly Price
Base Rent
$2,100
Total Monthly Price
$2,100
74 Vernon St, Unit Unit 1
74 Vernon StWakefield, MA 01880
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$2,100 - $2,600
Plus Fees12 Month Lease Term
1 to 2 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.
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Rent Specials
$2,160 - $7,025
Plus Fees
Studio to 2 Bedroom Apartments Available NowGrayson Lofts
168 Albion StWakefield, MA 01880
34 Chestnut St
WakefieldMA01880
52 Vernon St
WakefieldMA01880
8 Wakefield Ave
WakefieldMA01880
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Studio to 1 Bedroom Apartments
39-41 Richardson Ave
39-41 Richardson AveWakefield, MA 01880
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1 to 2 Bedroom Apartments
598 North
598 North AveWakefield, MA 01880
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1 to 3 Bedroom Apartments
Wakefield one, two, and three bedrooms with heating included
11 Bartley StWakefield, MA 01880
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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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 | $2,380 | $2,160 | $3,655 |
| Downtown Wakefield 1 Bedroom Apartments | $2,885 | $1,900 | $5,859 |
| Downtown Wakefield 2 Bedroom Apartments | $3,409 | $2,100 | $7,025 |
| Downtown Wakefield 3 Bedroom Apartments | $3,790 | $2,950 | $4,200 |
| Downtown Wakefield 4 Bedroom Apartments | $3,600 | $3,600 | $3,600 |
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 14 rentals with your search options within a 1 mile radius of the Downtown Wakefield Neighborhood of Wakefield, MA.
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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. Grayson Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $2,190. 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 |
| Grayson Lofts | S1/S1a | Studio,1BA | $2,190 |
| Wakefield one, two, and three bedrooms with heating included | Two Bedroom | 2BR,1BA | $2,400 |
| The Elms | Two Bed | 2BR,1BA | $2,750 |
Best Value Apartments for Rent in Downtown Wakefield, MA
As of March 09, 2026 the best value apartment in the Downtown Wakefield area is the $2.39 price per square foot 40 Avon St Model at 40 Avon St, Unit 2 in the in the Greenwood neighborhood starting from $3,350. The second greatest value Downtown Wakefield apartment is the 554 Main St Model at 554 Main St, Unit 2 starting at $3,600 with a $2.77 price per square foot in the Greenwood 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. |
|---|---|---|---|
| 40 Avon St, Unit 2 | 40 Avon St | 2BR,2BA | $2.39 |
| 554 Main St, Unit 2 | 554 Main St | 4BR,1BA | $2.77 |
| The Elms | One Bed | 1BR,1BA | $3.18 |
| 34 Richardson St, Unit #2 | 34 Richardson St | 2BR,1BA | $2.63 |
| Wakefield one, two, and three bedrooms with heating included | Two Bedroom | 2BR,1BA | $3.04 |
| Grayson Lofts | S1/S1a | Studio ,1BA | $3.40 |
| 124 Salem St, Unit D | 124 Salem St | 1BR,1BA | $3.27 |
| 27-37 Water St | 1 Bedroom | 1BR,1BA | $3.50 |
Frequently Asked Questions about Cheap Downtown Wakefield Apartments
What is a cheap apartment in Downtown Wakefield?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Wakefield is under $2,750.
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 4 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 $360 which is $3,840 cheaper than the average rent for all rentals in Downtown Wakefield.
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.
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