
Cheap Apartments for Rent in Wakefield, VA from $500 (42 Rentals)
Search the lowest-cost Apartments available for rent right now in Wakefield.


Cavalier Apartments II

Cavalier Senior Apartments

Church Manor

Mill Creek, Mill Pond & Park Ave Apartments

Total Monthly Price
The Flats of Williamsburg

Forest Pine Apartments

Morris Creek Landing 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.

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W.R. Cropper Apartments

Liberty Pointe

Jesse Lee Apartments

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Olde Jamestowne Apartments

Conway Garden Apartments

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Longhill Grove

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Country Club Apartments

1200 Acqua Luxury Lifestyle Apartments
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.

Meadowridge Apartments

Bradford Mews Apartments - Tax Credit

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Quarterpath Place

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Addison Crater Woods

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Branchester Lakes

Hillpoint Woods Apartments

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Port 58 Apartments @ Hillpoint

Steeplechase Apartments
Cash 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.

Arbors at Williamsburg

Eagle Harbor Apartments

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Manor on the Green

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The Commons at Centerbrooke

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The Gallery at Godwin

Sterling Manor

Founders Village

Attain at Quarterpath
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.

Pretlow Homes

Chuckatuck Square

Pinetree

1184 -1-1A-1 Jamestown Rd

1203 Jamestown Rd

13184 Longevity Rd

4216 New Town Ave

151 Albemarle Dr
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.

2300 South St

13420 Crest Cir
Wakefield, VA Local Guide

How much does it cost to rent an apartment in Wakefield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wakefield Studio Apartments | $1,176 | $960 | $1,647 |
| Wakefield 1 Bedroom Apartments | $1,693 | $731 | $2,878 |
| Wakefield 2 Bedroom Apartments | $1,847 | $979 | $3,486 |
| Wakefield 3 Bedroom Apartments | $2,143 | $1,065 | $3,905 |
| Wakefield 4 Bedroom Apartments | $1,096 | $999 | $1,300 |
Browse Top Apartments in Wakefield
See all Apartments in WakefieldExplore Wakefield
Wakefield, VA Local Guide
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Cheapest Available Wakefield Apartments for Rent and Nearby
 The cheapest available apartment rental in Wakefield, VA is a 1 Bed unit found at Cavalier Apartments II priced from $731. Mill Creek, Mill Pond & Park Ave Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here is today’s list of the most affordable Wakefield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Cavalier Apartments II | 1 Bed, 1 bath | 1BR,1BA | $731 |
| Mill Creek, Mill Pond & Park Ave Apartments | Mill Creek 1 Bed | 1BR,1BA | $950 |
| The Flats of Williamsburg | Studio I | Studio,1BA | $960 |
| Liberty Pointe | 2 Bdrm | 2BR,1BA | $1,087 |
| Jesse Lee Apartments | 2BR | 2BR,2BA | $1,090 |
| Olde Jamestowne Apartments | One Bedroom | 1BR,1BA | $1,125 |
| Cavalier Senior Apartments | 2 Beds, 2 baths | 2BR,2BA | $1,129 |
| Current Midtown | 4BR/4BA - D12 | 4BR,4BA | $1,225 |
| Longhill Grove | Two Bedroom | 2BR,2BA | $1,261 |
| 1200 Acqua Luxury Lifestyle Apartments | Aegean | 1BR,1BA | $1,305 |
Best Value Apartments for Rent in Wakefield, VA and Nearby
As of May 17, 2026 the best value apartment in the Wakefield area is the $1.17 price per square foot 3 Beds, 2 baths Model at Cavalier Apartments II in the starting from $1,285. The second greatest value Wakefield apartment is the Two Bedroom Model at Longhill Grove starting at $1,261 with a $1.26 price per square foot in the Regency at Longhill 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. |
|---|---|---|---|
| Cavalier Apartments II | 3 Beds, 2 baths | 3BR,2BA | $1.17 |
| Longhill Grove | Two Bedroom | 2BR,2BA | $1.26 |
| Cavalier Senior Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.19 |
| Mill Creek, Mill Pond & Park Ave Apartments | Park Ave 2 Bed | 2BR,1BA | $1.28 |
| Branchester Lakes | B1 | 2BR,2BA | $1.65 |
| Meadowridge Apartments | Garden- 2 Bedroom, 2 Bath- Downstairs | 2BR,2BA | $1.46 |
| Current Midtown | 2BR/2BA - B2 | 2BR,2BA | $1.31 |
| Liberty Pointe | 2 Bdrm | 2BR,1BA | $1.23 |
| Jesse Lee Apartments | 2BR | 2BR,2BA | $1.31 |
| Olde Jamestowne Apartments | One Bedroom | 1BR,1BA | $1.53 |
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, VA Rentals by Map
See the most popular apartments and homes in Wakefield, VA
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 The Flats of Williamsburg listed at $960.
How much is rent for a Cheap One Bedroom Wakefield Apartment?
The lowest price for a Cheap One Bedroom Wakefield Apartment is $731 at Cavalier Apartments II.
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 $1,087 at Liberty Pointe.
What is the most affordable Wakefield Three Bedroom Apartment?
The best deal on a cheap Wakefield Three Bedroom Apartment rental is at Liberty Pointe and starts from $1,241.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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.