
Cheap Homes for Rent in Wakefield, MA from $1,700 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Wakefield.


22 W Wyoming Ave, Unit 26

182 Central St, Unit 1

43 Pomeworth St, Unit 34, Unit 34

189 W Wyoming Ave, Unit 24

20-22 Summer St

71 Montvale Ave
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191 W Wyoming Ave, Unit 15

68 Mill St, Unit 8

74 Beach St

50 Mill St, Unit 11

82 Mill St, Unit 12

39 Franklin St

3 Mt Vernon St
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1117 Main St, Unit 1, Unit 1

64 Main St

5 Bancroft Ave

16 Indian Rock Dr

261 Forest St

16 Indian Rock Dr, Unit 1, Unit 1

276 Albion St
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.
Wakefield, MA Local Guide

How much does it cost to rent a home in Wakefield?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Wakefield 2 Bedroom Homes for Rent | $3,277 | $2,400 | $5,650 |
| Wakefield 3 Bedroom Homes for Rent | $4,422 | $2,500 | $8,000 |
| Wakefield 4 Bedroom Homes for Rent | $4,318 | $3,000 | $5,200 |
| Wakefield 5 Bedroom Homes for Rent | $17,000 | $9,000 | $10,000+ |
| Wakefield 6 Bedroom Homes for Rent | $20,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Wakefield
Explore Wakefield
Wakefield, MA Local Guide
- Wakefield Neighborhoods
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Cheapest Available Wakefield Apartments for Rent
 The cheapest available apartment rental in Wakefield, MA is a 1 Bed unit found at Mill Street Gardens in the Nobility Hill neighborhood priced from $1,950. Wakefield one, two, and three bedrooms with heating included in the Greenwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,000. Here is today’s list of the most affordable Wakefield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mill Street Gardens | 1 Bedroom, 1 Bath | 1BR,1BA | $1,950 |
| Wakefield one, two, and three bedrooms with heating included | 1BR/1.0BA | 1BR,1BA | $2,000 |
| 27-37 Water St | 1 Bedroom | 1BR,1BA | $2,100 |
| 119 West Wyoming | 1BR/1.0BA | 1BR,1BA | $2,150 |
| Towne Estates | One Bedroom One Bathroom | 1BR,1BA | $2,170 |
Best Value Apartments for Rent in Wakefield, MA
As of May 25, 2026 the best value apartment in the Wakefield area is the $0.18 price per square foot 452 Main St Model at 452 Main St, Unit 4 in the in the Hammersmith Village neighborhood starting from $1,800. The second greatest value Wakefield apartment is the TOP FLOOR 2BED 2BATH Model at Michaels Landing starting at $3,000 with a $2.50 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 452 Main St, Unit 4 | 452 Main St | 1BR,1BA | $0.18 |
| Michaels Landing | TOP FLOOR 2BED 2BATH | 2BR,2BA | $2.50 |
| Nexxus Apartments | The Suffolk | 2BR,2.5BA | $2.69 |
| 159 Main St | 159 Main St | 2BR,2BA | $2.67 |
| APT Correlative Housing - The Coolidge | 1BR/1.0BA | 1BR,1BA | $2.81 |
| 295 Lebanon St, Unit 2 | 295 Lebanon St | 2BR,1BA | $2.89 |
| Colonial Point Apartments | 1 Bedroom | 1BR,1BA | $2.55 |
| Mill Street Gardens | 2 Bedroom | 2BR,1BA | $2.65 |
| Leisure Lane Apartments | 2 bedroom | 2BR,1BA | $2.68 |
| 40 Hurd St | 40 Hurd St | 1BR,1BA | $2.80 |
Boston Neighborhood Guide: Living Near UMass, MGH, and State Street
Get the local scoop! ApartmentHomeLiving's Boston Expert reveals the best neighborhoods to rent for employees of UMass Boston, Mass General Hospital, State Street, and more.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleTop Neighborhoods Near Boston Colleges and Universities
Learn About the Best Neighborhoods to Rent Near College Campuses in Boston, MA | Find Boston Off-Campus Student Housing at ApartmentHomeLiving.com
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Best Local Schools in Wakefield, MA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Wakefield, MA Rentals by Map
See the most popular apartments and homes in Wakefield, MA
Frequently Asked Questions about Wakefield
What type of rentals are currently available in Wakefield?
There are currently 226 Apartments for Rent in Wakefield, MA with pricing that ranges from $1,780 to $13,218. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wakefield ranging from $1,725 to $25,000.
What is the current price range for Rental Homes in Wakefield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Wakefield ranges from $1,725 to $25,000 with an average monthly rent of $8,534.
How much are larger Three and Four Bedroom Rentals in Wakefield?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Wakefield range from $2,050 to $5,707, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $8,000. Four Bedroom Single-Family rentals are also available starting from $3,000 and Four Bedroom Apartments start at $3,950.
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
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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.

Boston Major Employer Neighborhood Guide: Living Near UMass, MGH, & State Street
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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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