Cheap Homes for Rent in Wakefield, MA from $1,700 (21 Rentals)

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Search the lowest-cost Homes available for rent right now in Wakefield.

property at 43 Pomeworth St

$1,950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

1 Bedroom, 1 Bath Condo for Rent

Available Jun 15

43 Pomeworth St, Unit 34, Unit 34

43 Pomeworth St
StonehamMA02180
property at 20-22 Summer St

$1,950

Total Monthly Price

Total Monthly Price

Base Rent
$1,950

Total Monthly Price
$1,950

1 Bedroom, 1 Bath Townhome for Rent

Available Now

20-22 Summer St

MelroseMA02176
property at 71 Montvale Ave

$1,975 - $2,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,975

Total Monthly Price
$1,975

1 To 2 Bedroom Rentals

Available Now

71 Montvale Ave

StonehamMA02180

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property at 74 Beach St

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

2 Bedroom, 1 Bath Condo for Rent

Available Now

74 Beach St

WoburnMA01801
property at 39 Franklin St

$2,500

Total Monthly Price

Total Monthly Price

Base Rent
$2,500

Total Monthly Price
$2,500

3 Bedroom, 1 Bath Townhome for Rent

Available Now

39 Franklin St

WoburnMA01801

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 1117 Main St

$2,650

Total Monthly Price

Total Monthly Price

Base Rent
$2,650

Total Monthly Price
$2,650

2 Bedroom, 1 Bath Condo for Rent

Available Now

1117 Main St, Unit 1, Unit 1

1117 Main St
MelroseMA02176
property at 64 Main St

$2,695

Total Monthly Price

Total Monthly Price

Base Rent
$2,695

Total Monthly Price
$2,695

2 Bedroom, 1 Bath Condo for Rent

Available Now

64 Main St

StonehamMA02180
property at 5 Bancroft Ave

$2,700

Total Monthly Price

Total Monthly Price

Base Rent
$2,700

Total Monthly Price
$2,700

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

5 Bancroft Ave

ReadingMA01867
property at 16 Indian Rock Dr

$2,800

Total Monthly Price

Total Monthly Price

Base Rent
$2,800

Total Monthly Price
$2,800

1 Bedroom, 1 Bath Home for Rent

Available Now

16 Indian Rock Dr

SaugusMA01906
property at 261 Forest St

$2,800

Total Monthly Price

Total Monthly Price

Base Rent
$2,800

Total Monthly Price
$2,800

2 Bedroom, 1 Bath Townhome for Rent

Available Now

261 Forest St

MaldenMA02148
property at 16 Indian Rock Dr

$2,800

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,800

Total Monthly Price
$2,800

1 Bedroom, 1 Bath Condo for Rent

Available Now

16 Indian Rock Dr, Unit 1, Unit 1

16 Indian Rock Dr
SaugusMA01906
property at 276 Albion St

$2,800

Total Monthly Price

Total Monthly Price

Base Rent
$2,800

Total Monthly Price
$2,800

2 Bedroom Rentals

Available Now

276 Albion St

WakefieldMA01880

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

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 ListingModel NameBed/BathPriced From
Mill Street Gardens1 Bedroom, 1 Bath1BR,1BA$1,950
Wakefield one, two, and three bedrooms with heating included1BR/1.0BA1BR,1BA$2,000
27-37 Water St1 Bedroom1BR,1BA$2,100
119 West Wyoming1BR/1.0BA1BR,1BA$2,150
Towne EstatesOne Bedroom One Bathroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
452 Main St, Unit 4452 Main St1BR,1BA$0.18
Michaels LandingTOP FLOOR 2BED 2BATH2BR,2BA$2.50
Nexxus ApartmentsThe Suffolk2BR,2.5BA$2.69
159 Main St159 Main St2BR,2BA$2.67
APT Correlative Housing - The Coolidge1BR/1.0BA1BR,1BA$2.81
295 Lebanon St, Unit 2295 Lebanon St2BR,1BA$2.89
Colonial Point Apartments1 Bedroom1BR,1BA$2.55
Mill Street Gardens2 Bedroom2BR,1BA$2.65
Leisure Lane Apartments2 bedroom2BR,1BA$2.68
40 Hurd St40 Hurd St1BR,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.

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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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Top 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

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Real 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.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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.

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