20 W Wyoming Ave
MelroseMA02176
Cheap Homes for Rent in Wakefield, MA from $1,400 (21 Rentals)
Search the lowest-cost Homes available for rent right now in Wakefield.
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1 Summit Dr
ReadingMA01867
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.
104 W Emerson St, Unit 3
104 W Emerson St
MelroseMA02176
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580 Salem St
WakefieldMA01880
282 Main St, Unit 2
282 Main St
StonehamMA02180
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51 Melrose St
MelroseMA02176
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
104 Gazebo Cir
ReadingMA01867
15 W Water St
WakefieldMA01880
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93 W Emerson St
MelroseMA02176
204 Green St
MelroseMA02176
3 Richardson St
WakefieldMA01880
159 Main St, Unit 37A
159 Main St
StonehamMA02180
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
68 Preston St
WakefieldMA01880
131 Franklin St
StonehamMA02180
66 Lincoln 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 Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wakefield 2 Bedroom Homes for Rent | $3,022 | $2,000 | $5,200 |
| Wakefield 3 Bedroom Homes for Rent | $3,795 | $2,595 | $4,800 |
| Wakefield 4 Bedroom Homes for Rent | $4,870 | $3,300 | $6,750 |
| Wakefield 5 Bedroom Homes for Rent | $6,500 | $6,000 | $7,000 |
| Wakefield 6 Bedroom Homes for Rent | $25,000 | $10,000 | $10,000+ |
Browse Top Homes for Rent in Wakefield
Explore Wakefield
Wakefield, MA Local Guide
- Wakefield Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Wakefield Apartments for Rent
The cheapest available apartment rental in Wakefield, MA is a Studio unit found at Leisure Lane Apartments in the West Side neighborhood priced from $1,750. Mill Street Gardens in the Nobility Hill neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,950. Here is today’s list of the most affordable Wakefield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Leisure Lane Apartments | studio | Studio,1BA | $1,750 |
| Mill Street Gardens | 1 Bedroom, 1 Bath | 1BR,1BA | $1,950 |
| Wakefield one, two, and three bedrooms | 1BR/1.0BA | 1BR,1BA | $2,000 |
Best Value Apartments for Rent in Wakefield, MA
As of July 26, 2025 the best value apartment in the Wakefield area is the $0.17 price per square foot 454 Main St Model at 454 Main St, Unit #1 in the in the Hammersmith Village neighborhood starting from $1,650. The second greatest value Wakefield apartment is the 24 Church St Model at 24 Church St, Unit 2 starting at $7,250 with a $2.23 price per square foot in the Greenwood 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. |
|---|---|---|---|
| 454 Main St, Unit #1 | 454 Main St | 1BR,1BA | $0.17 |
| 24 Church St, Unit 2 | 24 Church St | 4BR,3.5BA | $2.23 |
| 34 Hall Rd, Unit 2 | 34 Hall Rd | 4BR,2.5BA | $1.96 |
| 5 Charles St, Unit 2 | 5 Charles St | 3BR,2BA | $2.02 |
| 16 Montvale Ave, Unit 2 | 16 Montvale Ave | 4BR,1BA | $2.33 |
| 32 E Wyoming Ave, Unit #1 | 32 E Wyoming Ave | 2BR,2BA | $2.30 |
| 27 Salem St, Unit #1 | 27 Salem St | 3BR,1BA | $2.38 |
| 52 Lynde St, Unit #1 | 52 Lynde St | 2BR,1BA | $2.28 |
| 541 Main St, Unit #4 | 541 Main St | 1BR,1BA | $2.30 |
| 19 Chestnut St, Unit 2 | 19 Chestnut St | 1BR,1BA | $2.29 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Wakefield
What type of rentals are currently available in Wakefield?
There are currently 258 Apartments for Rent in Wakefield, MA with pricing that ranges from $1,650 to $16,683. There are also 64 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wakefield ranging from $1,450 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 $1,450 to $25,000 with an average monthly rent of $6,702.
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 $2,525 to $7,805, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,595 to $4,800. Four Bedroom Single-Family rentals are also available starting from $3,300 and Four Bedroom Apartments start at $3,000.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.