
Cheap Homes for Rent in Downtown Wakefield Neighborhood of Wakefield, MA from $2,500 (4 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Wakefield area of Wakefield.


272 Albion St
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
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20 Bennett St

554 Main St
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.
Downtown Wakefield, Wakefield, MA Local Guide

How much does it cost to rent a home in Downtown Wakefield?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Downtown Wakefield 2 Bedroom Homes for Rent | $2,750 | $2,500 | $3,000 |
| Downtown Wakefield 4 Bedroom Homes for Rent | $5,725 | $3,800 | $7,650 |
Browse Homes for Rent in this Neighborhood
There are currently 4 rentals with your search options within a 1 mile radius of the Downtown Wakefield Neighborhood of Wakefield, MA.
Explore Wakefield
Best Value Apartments for Rent in Downtown Wakefield, MA
As of February 01, 2026 the best value apartment in the Downtown Wakefield area is the $2.90 price per square foot 20 Pleasant St Model at 20 Pleasant St, Unit 2nd floor in the in the Greenwood neighborhood starting from $2,900. 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. |
|---|---|---|---|
| 20 Pleasant St, Unit 2nd floor | 20 Pleasant St | 2BR,1BA | $2.90 |
| The Elms | One Bed | 1BR,1BA | $3.18 |
| 10 Wakefield Ave, Unit 3R | 10 Wakefield Ave | 2BR,1BA | $3.29 |
| Grayson Lofts | S1/S1a | Studio ,1BA | $3.67 |
| 246 Salem St, Unit 4 | 246 Salem St | 2BR,1BA | $3.31 |
| 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 Downtown Wakefield
What type of rentals are currently available in Downtown Wakefield?
There are currently 64 Apartments for Rent in Downtown Wakefield, MA with pricing that ranges from $1,795 to $7,025. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Wakefield ranging from $2,500 to $7,650.
What is the current price range for Rental Homes in Downtown Wakefield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Wakefield ranges from $2,500 to $7,650 with an average monthly rent of $4,237.
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.
Helpful Local Expert Guides

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.

A Local Experts Guide to the Top Boston Neighborhoods for College Renters
Written by: Amelia Ramstead
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
Written by: Amelia Ramstead
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.

Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
Written by: Amelia Ramstead
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.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.