Cheap Homes for Rent in Wakefield, RI from $1,400 (10 Rentals)

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

property at 901 Stonington Rd

901 Stonington Rd

StoningtonCT06378
property at 120 Liberty St

120 Liberty St

StoningtonCT06379
property at 65 Beach Pond Rd

65 Beach Pond Rd

VoluntownCT06384
property at 7 Stillman Ave

7 Stillman Ave

StoningtonCT06379
property at 20 Prentice Williams Rd

20 Prentice Williams Rd

StoningtonCT06378
property at 252 N Water St

252 N Water St

StoningtonCT06378
property at 66 Girard Ave

66 Girard Ave

NewportRI02840
property at 50 Perkins Farm Dr

50 Perkins Farm Dr

StoningtonCT06355

Wakefield, RI Local Guide

Cheapest Available Wakefield Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wakefield, RI is a 1 Bed unit found at Gristmill Apartments in the Warwick West Warwick neighborhood priced from $1,595. Bayside Village in the Middletown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,606. Here is today’s list of the most affordable Wakefield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Gristmill Apartments1 Bedroom1BR,1BA$1,595
Bayside Village1 Bed, 1 bath1BR,1BA$1,606
Royal Crest WarwickExeterStudio,1BA$1,660

Best Value Apartments for Rent in Wakefield, RI and Nearby

As of October 27, 2025 the best value apartment in the Wakefield area is the $0.97 price per square foot 3 Bed 2 Bath Model at Harris Mill Lofts in the in the Warwick West Warwick neighborhood starting from $2,780. The second greatest value Wakefield apartment is the 3 Bedroom Summer Model at The URI Townhouses starting at $860 with a $0.62 price per square foot . 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.
Harris Mill Lofts3 Bed 2 Bath3BR,2BA$0.97
The URI Townhouses3 Bedroom Summer3BR,2.5BA$0.62
Fort Adams at NAVSTA Newport Family Homes3 Bed Townhouse Utilities Included3BR,2.5BA$2.25
GrandeVille at GreenwichCharleston (C1.2)2BR,2BA$2.20
Lofts at Anthony Mill2 Bed 1.5 Bath2BR,1.5BA$2.34
Gristmill Apartments3 Bedroom3BR,1BA$1.91
Saw Mill Square Apartments2 Bedroom2BR,2BA$2.32
Arctic Mill LoftsOne-Bedroom1BR,1BA$1.75
Bay View Estates2 BR - Terrace2BR,1BA$2.35
Bayside Village1 Bed, 1 bath1BR,1BA$2.14

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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 61 Apartments for Rent in Wakefield, RI with pricing that ranges from $1,107 to $3,980. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wakefield ranging from $1,400 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 $1,400 to $15,000 with an average monthly rent of $3,608.

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 $1,890 to $3,705, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,600 to $7,500. Four Bedroom Single-Family rentals are also available starting from $2,000 and Four Bedroom Apartments start at $2,245.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.