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$1,800
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jan 1, 2026Total Monthly Price
Base Rent
$1,800
Total Monthly Price
$1,800
219 Albion St, Unit 3
219 Albion StWakefield, MA 01880
Cheap Apartments for Rent in the Downtown Wakefield Neighborhood of Wakefield, MA from $1,000 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Wakefield area of Wakefield.
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$2,050
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,050
Total Monthly Price
$2,050
246 Salem St, Unit 4
246 Salem 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
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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
184 Broadway St
WakefieldMA01880
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$2,150
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,150
Total Monthly Price
$2,150
286 Albion St, Unit #2
286 Albion 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
$2,197 - $7,025
Plus Fees
Studio to 2 Bedroom Apartments Available NowGrayson Lofts
168 Albion StWakefield, MA 01880
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$2,300
Total Monthly Price12 Month Lease Term
2 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$2,300
Total Monthly Price
$2,300
10 Wakefield Ave, Unit 3R
10 Wakefield AveWakefield, MA 01880
52 Valley St
WakefieldMA01880
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1 to 3 Bedroom Apartments
Wakefield one, two, and three bedrooms with heating included
11 Bartley StWakefield, MA 01880
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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 | $2,626 | $2,355 | $4,065 |
| Downtown Wakefield 1 Bedroom Apartments | $3,030 | $1,800 | $5,859 |
| Downtown Wakefield 2 Bedroom Apartments | $3,250 | $2,050 | $7,025 |
| Downtown Wakefield 3 Bedroom Apartments | $3,628 | $2,900 | $4,200 |
| Downtown Wakefield 4 Bedroom Apartments | $4,400 | $4,400 | $4,400 |
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 12 rentals with your search options within a 1 mile radius of the Downtown Wakefield Neighborhood of Wakefield, MA.
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Downtown Wakefield, Wakefield, MA Local Guide
- Nearby Wakefield neighborhoods
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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 $2,399. 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 | $2,399 |
| The Elms | Two Bed | 2BR,1BA | $2,750 |
Best Value Apartments for Rent in Downtown Wakefield, MA
As of December 09, 2025 the best value apartment in the Downtown Wakefield area is the $2.52 price per square foot 39 Gould St Model at 39 Gould St, Unit 39 Gould St. in the in the Greenwood neighborhood starting from $2,650. The second greatest value Downtown Wakefield apartment is the 286 Albion St Model at 286 Albion St, Unit #2 starting at $2,150 with a $2.46 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. |
|---|---|---|---|
| 39 Gould St, Unit 39 Gould St. | 39 Gould St | 2BR,1BA | $2.52 |
| 286 Albion St, Unit #2 | 286 Albion St | 1BR,1BA | $2.46 |
| The Elms | One Bed | 1BR,1BA | $3.18 |
| 34 Richardson St, Unit #2 | 34 Richardson St | 2BR,1BA | $2.63 |
| 10 Wakefield Ave, Unit 3R | 10 Wakefield Ave | 2BR,1BA | $3.29 |
| Grayson Lofts | S1/S1a | Studio ,1BA | $3.72 |
| 246 Salem St, Unit 4 | 246 Salem St | 2BR,1BA | $3.31 |
| 27-37 Water St | 1 Bedroom | 1BR,1BA | $3.50 |
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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The 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.
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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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Pet Friendly LifestyleDowntown Wakefield, Wakefield, MA
Ranked #4
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 $4,400.
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 $291 which is $4,109 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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The 10 Best Affordable Neighborhoods in Boston, MA
Written by: Amelia Ramstead
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Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts! We’re excited to help you find your new home, and getting to know the neighborhood is an important part of that process!
Explore Like a Local: The Insider's Guide to Boston
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Hello from Boston, Massachusetts! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, and I’m here to give you the inside scoop on this unique city.
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Hi! I’m Amelia, your ApartmentHomeLiving.com Local Expert for Boston, Massachusetts. Getting to know your new neighborhood is one of the best parts of moving, and we’re excited to help you get started.
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Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.
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.