12 Green St, Unit 2, Unit 2
12 Green St
ReadingMA01867
Cheap Homes for Rent in Wakefield, MA from $1,500 (20 Rentals)
Search the lowest-cost Homes available for rent right now in Wakefield.
64 Main St, Unit 47B, Unit 47B
64 Main St
StonehamMA02180
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$1,780Studio Apartments Available Now
182 Central St, Unit 1
182 Central StStoneham, MA 02180
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$1,850Studio Apartments Available Now
50 Mill St, Unit 12
50 Mill StWoburn, MA 01801
11 Walnut St, Unit 2, Unit 2
11 Walnut St
WakefieldMA01880
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$1,949Studio Apartments Available Now
Furnished Studio-Boston - Saugus
832 BroadwaySaugus, MA 01906
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.
11 Chestnut St, Unit 2R, Unit 2R
11 Chestnut St
WakefieldMA01880
191 W Wyoming Ave, Unit 15
191 W Wyoming Ave
MelroseMA02176
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$1,9501 Bedroom Apartments Available Now
45 Ash St, Unit 1
45 Ash StReading, MA 01867
71 Montvale Ave
StonehamMA02180
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$2,1951 Bedroom Apartments Available Now
68 Mill St, Unit 8
68 Mill StWoburn, MA 01801
157 Franklin St, Unit A11, Unit A11
157 Franklin St
StonehamMA02180
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.
74 Beach St
WoburnMA01801
175 W Wyoming Ave, Unit 42
175 W Wyoming Ave
MelroseMA02176
175 W Wyoming Ave, Unit 46
175 W Wyoming Ave
MelroseMA02176
124 Washington St
WoburnMA01801
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$2,4502 Bedroom Apartments Available Jul 1
50 Mill St, Unit 11
50 Mill StWoburn, MA 01801
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$2,4502 Bedroom Apartments Available Now
82 Mill St, Unit 11
82 Mill StWoburn, MA 01801
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.
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$2,5002 Bedroom Apartments Available Now
15 East St, Unit #1R
15 East StMelrose, MA 02176
5 Washington St
ReadingMA01867
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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 | $2,979 | $2,300 | $3,850 |
| Wakefield 3 Bedroom Homes for Rent | $4,292 | $3,200 | $8,000 |
| Wakefield 4 Bedroom Homes for Rent | $5,025 | $4,200 | $5,850 |
| Wakefield 5 Bedroom Homes for Rent | $25,000 | $10,000 | $10,000+ |
| Wakefield 6 Bedroom Homes for Rent | $22,500 | $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
- Nearby Cities
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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 $1,795. 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 | $1,795 |
| Mill Street Gardens | 1 Bedroom, 1 Bath | 1BR,1BA | $1,950 |
| Rockledge Apartments | 1BR/1.0BA | 1BR,1BA | $2,000 |
| Grayson Lofts | S2 | Studio,1BA | $2,095 |
| 27-37 Water St | 1 Bedroom | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Wakefield, MA
As of April 10, 2026 the best value apartment in the Wakefield area is the $0.52 price per square foot 330 Swains Pond Ave Model at 330 Swains Pond Ave, Unit 330 in the in the Hammersmith Village neighborhood starting from $5,150. The second greatest value Wakefield apartment is the 452 Main St Model at 452 Main St, Unit 4 starting at $1,850 with a $0.19 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. |
|---|---|---|---|
| 330 Swains Pond Ave, Unit 330 | 330 Swains Pond Ave | 5BR,2.5BA | $0.52 |
| 452 Main St, Unit 4 | 452 Main St | 1BR,1BA | $0.19 |
| 505 Main St, Unit 1 | 505 Main St | 3BR,1BA | $0.97 |
| 11 Linwood Ave, Unit 2 | 11 Linwood Ave | 4BR,1.5BA | $2.03 |
| 110 Crescent Ave, Unit 1 | 110 Crescent Ave | 3BR,1BA | $2.07 |
| The Coolidge Apartments | 1BR/1.0BA | 1BR,1BA | $2.30 |
| 27 W Wyoming Ave, Unit #3 | 27 W Wyoming Ave | 2BR,1BA | $2.60 |
| 8 Elm St, Unit 1 | 8 Elm St | 1BR,1BA | $2.33 |
| Colonial Point Apartments | 1 Bedroom | 1BR,1BA | $2.55 |
| 34 Richardson St, Unit #2 | 34 Richardson St | 2BR,1BA | $2.63 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 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 $1,775 to $18,340. There are also 54 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wakefield ranging from $1,500 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 $1,500 to $25,000 with an average monthly rent of $9,068.
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 $2,695 to $6,725, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,200 to $8,000. Four Bedroom Single-Family rentals are also available starting from $4,200 and Four Bedroom Apartments start at $3,650.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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.