
Cheap Apartments for Rent in Wakefield, VA from $500 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in Wakefield.


Cavalier Apartments II

Cavalier Senior Apartments

Church Manor

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The Flats of Williamsburg

Mill Creek, Mill Pond & Park Ave Apartments

Arbors at Williamsburg

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Forest Pine Apartments
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.

Morris Creek Landing Apartments

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W.R. Cropper Apartments

Liberty Pointe

Jesse Lee Apartments

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Olde Jamestowne Apartments

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Longhill Grove

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Founders Village

Meadowridge Apartments
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.

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Addison Crater Woods

1200 Acqua Luxury Lifestyle Apartments

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Quarterpath Place

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Country Club Apartments

Bradford Mews Apartments - Tax Credit

District at Williamsburg

Hillpoint Woods Apartments

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Steeplechase Apartments
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.

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Port 58 Apartments @ Hillpoint

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Manor on the Green

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Branchester Lakes

Eagle Harbor Apartments

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The Regency at Longhill

Attain at Quarterpath

Nest on 17 Apartment Homes

Pretlow Homes
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.

Chuckatuck Square

15713 S Crater Rd

Pinetree

214 Belvidere St

207 Chestnut St

1203 Jamestown Rd

153 Albemarle Dr

1101 London Company Way
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.
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 | $947 | $915 | $1,079 |
| Wakefield 1 Bedroom Apartments | $1,710 | $731 | $3,732 |
| Wakefield 2 Bedroom Apartments | $1,860 | $979 | $4,934 |
| Wakefield 3 Bedroom Apartments | $2,194 | $1,065 | $6,375 |
| Wakefield 4 Bedroom Apartments | $1,202 | $1,190 | $1,235 |
Browse Top Apartments in Wakefield
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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 in the Petersburg neighborhood priced from $731. The Flats of Williamsburg in the Stonegate neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $915. 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 |
| The Flats of Williamsburg | Studio I | Studio,1BA | $915 |
| Mill Creek, Mill Pond & Park Ave Apartments | Mill Creek 1 Bed | 1BR,1BA | $950 |
| Liberty Pointe | 2 Bdrm | 2BR,1BA | $1,087 |
| Forest Pine Apartments | 2b | 2BR,1BA | $1,090 |
| Cavalier Senior Apartments | 2 Beds, 2 baths | 2BR,2BA | $1,129 |
| Pinetree | B2 | 2BR,2BA | $1,185 |
| Jesse Lee Apartments | 3BR | 3BR,2BA | $1,222 |
| Longhill Grove | Two Bedroom | 2BR,2BA | $1,261 |
| Addison Crater Woods | Willow | 2BR,2BA | $1,321 |
Best Value Apartments for Rent in Wakefield, VA and Nearby
As of August 16, 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 in the Petersburg neighborhood starting from $1,285. The second greatest value Wakefield apartment is the B2 Model at Pinetree starting at $1,185 with a $1.10 price per square foot in the Petersburg 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 |
| Pinetree | B2 | 2BR,2BA | $1.10 |
| Jesse Lee Apartments | 3BR | 3BR,2BA | $1.19 |
| Longhill Grove | Two Bedroom | 2BR,2BA | $1.26 |
| Mill Creek, Mill Pond & Park Ave Apartments | Park Ave 2 Bed | 2BR,1BA | $1.28 |
| Cavalier Senior Apartments | 2 Beds, 2 baths | 2BR,2BA | $1.19 |
| Current Midtown | 2BR/2BA - B4 | 2BR,2BA | $1.58 |
| Morris Creek Landing Apartments | Two Bed Two Bath with W/D | 2BR,2BA | $1.59 |
| Liberty Pointe | 2 Bdrm | 2BR,1BA | $1.23 |
| Forest Pine Apartments | 2b | 2BR,1BA | $1.31 |
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 $915.
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 Forest Pine Apartments and starts from $1,165.
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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.