104 W Emerson St, Unit 5a
104 W Emerson St
MelroseMA02176
Cheap Homes for Rent in Wakefield, MA from $1,400 (13 Rentals)
Search the lowest-cost Homes available for rent right now in Wakefield.
84 Franklin St, Unit 2
84 Franklin St
StonehamMA02180
191 W Wyoming Ave, Unit 11
191 W Wyoming Ave
MelroseMA02176
276 Albion St
WakefieldMA01880
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$2,1001 Bedroom Apartments Available Aug 1
59 Greenwood St, Unit 1
59 Greenwood StMelrose, MA 02176
340 Main St
MelroseMA02176
Top Short-Term Rental Neighborhoods in Boston: Tips from a Local Expert
Get a local expert's guide to Boston's top 5 short-term rental neighborhoods. Essential tips on Fenway, Beacon Hill, Seaport, and Allston/Brighton.
28 Sargent St
MelroseMA02176
2608 Lewis O Gray Dr
SaugusMA01906
175 W Wyoming Ave, Unit 38
175 W Wyoming Ave
MelroseMA02176
115 Upham St
MelroseMA02176
320 Fellsview Terrace
StonehamMA02180
3
11 Columbia Rd
WakefieldMA01880
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.
558 Main St
StonehamMA02180
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Wakefield, MA Local Guide
Lake Quannapowitt by Herzogbr is licensed under Internal
How much does it cost to rent a home in Wakefield?
| Bedroom | Average Price | Cheapest Price | Highest Price |
|---|---|---|---|
| Wakefield 2 Bedroom Homes for Rent | $3,164 | $2,450 | $5,650 |
| Wakefield 3 Bedroom Homes for Rent | $4,215 | $3,200 | $6,000 |
| Wakefield 4 Bedroom Homes for Rent | $4,775 | $4,750 | $4,800 |
| Wakefield 5 Bedroom Homes for Rent | $15,000 | $10,000 | $10,000+ |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
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 Rockledge Apartments in the Greenwood neighborhood priced from $2,000. 119 West Wyoming in the Greenwood neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,095. Here is today’s list of the most affordable Wakefield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rockledge Apartments | 1BR/1.0BA | 1BR,1BA | $2,000 |
| 119 West Wyoming | 1BR/1.0BA | 1BR,1BA | $2,095 |
| 27-37 Water St | 1 Bedroom | 1BR,1BA | $2,100 |
| Towne Estates | One Bedroom One Bathroom | 1BR,1BA | $2,170 |
| Colonial Point Apartments | 1 Bedroom | 1BR,1BA | $2,200 |
Best Value Apartments for Rent in Wakefield, MA
As of July 09, 2026 the best value apartment in the Wakefield area is the $1.27 price per square foot 3 Dragon Court Cir Model at 3 Dragon Court Cir, Unit 3 Dragon Court Cir in the in the Walnut Hill neighborhood starting from $3,500. The second greatest value Wakefield apartment is the 23 Rendall Pl Model at 23 Rendall Pl, Unit Unit 2 starting at $3,950 with a $2.19 price per square foot in the Hammersmith Village 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. |
|---|---|---|---|
| 3 Dragon Court Cir, Unit 3 Dragon Court Cir | 3 Dragon Court Cir | 3BR,1.5BA | $1.27 |
| 23 Rendall Pl, Unit Unit 2 | 23 Rendall Pl | 4BR,2BA | $2.19 |
| Michaels Landing | FIRST FLOOR CORNER | 2BR,2BA | $2.42 |
| 872 Main St, Unit Unit 1 | 872 Main St | 2BR,1BA | $2.86 |
| 32 Pond St, Unit A | 32 Pond St | 2BR,1BA | $2.45 |
| 159 Main St | 159 Main St | 2BR,2BA | $2.67 |
| Colonial Point Apartments | 1 Bedroom | 1BR,1BA | $2.55 |
| Washington Crossing Apartments | Charles 1B1B | 1BR,1BA | $2.92 |
| Mill Street Gardens | 2 Bedroom | 2BR,1BA | $2.65 |
| 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 Article
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.
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.
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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 230 Apartments for Rent in Wakefield, MA with pricing that ranges from $1,800 to $18,330. There are also 55 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wakefield ranging from $1,485 to $15,000.
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 $1,485 to $15,000 with an average monthly rent of $5,152.
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 $1,800 to $18,330, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,200 to $6,000. Four Bedroom Single-Family rentals are also available starting from $4,750 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 Expert's 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
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
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Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.