
Cheap Apartments for Rent near Wakefield, MI from $484 (46 Rentals)
Search the lowest-cost Apartments available for rent right now in Wakefield.


One Penny Place Senior Apartments

Flambeau Village

Price County Housing

7528 US-51

Greenwood Manor

1415 N Stevens St

1348 Curran St

PELICAN RIVER ESTATES
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Pinewood Estates

Gazette Apartments

N8501 Pine Rd

T Bird Country Apartments

DAVENPORT STREET ESTATES

715 E 10th St N

Cedar Pointe Apartments

1401 Elizabeth St

9748 Island Estates Pl
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Morgan Oaks Townhomes

1322 2nd Ave

8642-8644 US-51

DRISCOLL ROAD ESTATES

HIDDEN VALLEY ESTATES

109 5th St

57594 Caledonia St

Forest Edge

Eagle Trails Estates
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

221 Maple St

1431 N Stevens St

3932 Point of Vw Trl

305-315 S Eyder Ave

Greenwood Apartments

Woods Hollow

Copper Lantern

Redbrick Apartments

Anthony Street Apartments
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.

102 E Gogebic St

612 E McLeod Ave

11801 Black River Rd

720 Lindoo Ave E

Edgewood Manor

1002 Lindoo Ave E

100 S Marquette St

307 Vivian St

1110 College Ave
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.

723 Quincy St
Wakefield, MI Local Guide

How much does it cost to rent an apartment in Wakefield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wakefield Studio Apartments | $1,002 | $750 | $1,600 |
| Wakefield 1 Bedroom Apartments | $902 | $484 | $1,500 |
| Wakefield 2 Bedroom Apartments | $1,459 | $578 | $1,795 |
| Wakefield 3 Bedroom Apartments | $1,336 | $664 | $2,250 |
| Wakefield 4 Bedroom Apartments | $3,000 | $3,000 | $3,000 |
Browse Top Apartments in Wakefield
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Wakefield, MI Local Guide
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Cheapest Available Wakefield Apartments for Rent and Nearby
 The cheapest available apartment rental in Wakefield, MI is a 2 Beds unit found at Greenwood Apartments priced from $200. Price County Housing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $734. Here is today’s list of the most affordable Wakefield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Greenwood Apartments | 2 bed | 2BR,1BA | $200 |
| Price County Housing | 1 BR | 1BR,1BA | $734 |
| Greenwood Manor | Autumn | 1BR,1BA | $803 |
| Flambeau Village | Two Bedroom | 2BR,2BA | $825 |
| T Bird Country Apartments | Studio | Studio,1BA | $905 |
| Morgan Oaks Townhomes | 9894 | 2BR,1BA | $1,180 |
| DRISCOLL ROAD ESTATES | 2 Bedroom 2 Bath Split | 2BR,2BA | $1,285 |
| HIDDEN VALLEY ESTATES | 2 Bed 2 Bath Upper Corner | 2BR,2BA | $1,285 |
| 109 5th St | Furnished Studio | 1BR,1BA | $1,300 |
| The Elements | Style A | 1BR,1BA | $1,350 |
Best Value Apartments for Rent in Wakefield, MI and Nearby
As of August 27, 2026 the best value apartment in the Wakefield area is the $0.93 price per square foot Three Bedroom Model at Forest Edge in the starting from $1,354. The second greatest value Wakefield apartment is the Two Bedroom Model at Flambeau Village starting at $825 with a $0.72 price per square foot . 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. |
|---|---|---|---|
| Forest Edge | Three Bedroom | 3BR,2BA | $0.93 |
| Flambeau Village | Two Bedroom | 2BR,2BA | $0.72 |
| HIDDEN VALLEY ESTATES | 2 Bed 2 Bath Upper Corner | 2BR,2BA | $1.15 |
| DRISCOLL ROAD ESTATES | 2 Bedroom 2 Bath Split | 2BR,2BA | $1.20 |
| Eagle Trails Estates | 2 Bedroom 2 Bathroom - Lower | 2BR,2BA | $1.40 |
| TIMBER CAMP LUXURY APARTMENT HOMES | 2 BED 2 BATH LOWER | 2BR,2BA | $1.68 |
| Morgan Oaks Townhomes | 9894 | 2BR,1BA | $1.48 |
| Greenwood Apartments | 2 bed | 2BR,1BA | $0.29 |
| Greenwood Manor | Autumn | 1BR,1BA | $1.37 |
| Price County Housing | 1 BR | 1BR,1BA | $1.41 |
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 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Wakefield, MI Rentals by Map
See the most popular apartments and homes in Wakefield, MI
Frequently Asked Questions about Cheap Wakefield Apartments
What is the Cheapest Studio apartment in Wakefield?
Currently the most affordable Cheap Studio Apartment in Wakefield is at T Bird Country Apartments listed at $905.
How much is rent for a Cheap One Bedroom Wakefield Apartment?
The lowest price for a Cheap One Bedroom Wakefield Apartment is $734 at Price County Housing.
What is the lowest price for a Cheap Two Bedroom Wakefield Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Wakefield is starting from $200 at Greenwood Apartments.
What is the most affordable Wakefield Three Bedroom Apartment?
The best deal on a cheap Wakefield Three Bedroom Apartment rental is at Greenwood Manor and starts from $921.
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.