Cheap Apartments for Rent in Wakefield, VA from $500 (40 Rentals)

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

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Birch Island I & II
1 to 3 Bedroom Apartments

Birch Island I & II

10322 Penny LnWakefield, VA 23888
  • Utilities Included
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The Flats of Williamsburg
$915 - $1,530
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $1,465
Required Monthly Fees
$65

Total Monthly Price
$915 - $1,530
Studio to 2 Bedroom Apartments Available Now

The Flats of Williamsburg

614 York StWilliamsburg, VA 23185
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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Forest Pine Apartments
Rent Specials
$1,015 - $1,400
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000 - $1,385
Required Monthly Fees
$15

Total Monthly Price
$1,015 - $1,400
1 to 3 Bedroom Apartments Available Now

Forest Pine Apartments

201 Forest Pine RdFranklin, VA 23851
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  • Customer Reviewed
  • Utilities Included

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.

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Olde Jamestowne Apartments
$1,150 - $1,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,050 - $1,300
Required Monthly Fees
$100

Total Monthly Price
$1,150 - $1,400
1 Bedroom Apartments Available Sep 16

Olde Jamestowne Apartments

117 Olde Jamestown CtWilliamsburg, VA 23185
Student Housing
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  • Utilities Included
  • 3D Tour
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Longhill Grove
$1,261 - $1,392
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,256 - $1,387
Required Monthly Fees
$5

Total Monthly Price
$1,261 - $1,392
2 to 3 Bedroom Apartments Available Now

Longhill Grove

3800 Hill Grove LnWilliamsburg, VA 23188
Affordability
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  • Customer Reviewed
  • Low Income
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Founders Village
$1,275 - $6,375
Total Monthly Price

Total Monthly Price

Base Rent
$1,275 - $6,375

Total Monthly Price
$1,275 - $6,375
1 to 3 Bedroom Apartments Available Aug 27

Founders Village

2800 Ben Franklin CirWilliamsburg, VA 23188
Affordability
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  • Customer Reviewed
  • 3D Tour

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
Rent Specials
$1,321 - $1,731
Total Monthly Price

Total Monthly Price

Base Rent
$1,313 - $1,723
Required Monthly Fees
$8

Total Monthly Price
$1,321 - $1,731
1 to 3 Bedroom Apartments Available Now

Addison Crater Woods

200 Addison WayPetersburg, VA 23805
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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Quarterpath Place
$1,350 - $1,400
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250 - $1,300
Required Monthly Fees
$100

Total Monthly Price
$1,350 - $1,400
2 Bedroom Apartments Available Sep 16

Quarterpath Place

411 York StWilliamsburg, VA 23185
Student Housing
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  • Utilities Included
  • 3D Tour
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Country Club Apartments
Rent Specials
$1,354 - $2,240
Total Monthly Price

Total Monthly Price

Base Rent
$1,349 - $2,235
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Country Club Apartments

201 Tam-O-Shanter BlvdWilliamsburg, VA 23185
Student Housing
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  • Customer Reviewed
  • Utilities Included

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
$1,491 - $2,606
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,475 - $2,590
Required Monthly Fees
$16

Total Monthly Price
$1,491 - $2,606
1 to 3 Bedroom Apartments Available Now

Port 58 Apartments @ Hillpoint

1000 Skipjack LnSuffolk, VA 23434
Pet Friendly
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  • Customer Reviewed
  • 3D Tour
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Manor on the Green
$1,538 - $2,550
Total Monthly Price

Total Monthly Price

Base Rent
$1,538 - $2,550

Total Monthly Price
$1,538 - $2,550
1 to 2 Bedroom Apartments Available Sep 18

Manor on the Green

5220 Center StWilliamsburg, VA 23188
Eco-Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
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Branchester Lakes
$1,581 - $1,886
Total Monthly Price

Total Monthly Price

Base Rent
$1,421 - $1,726
Required Monthly Fees
$160

Total Monthly Price
$1,581 - $1,886
1 to 3 Bedroom Apartments Available Sep 9

Branchester Lakes

6797 Lake RdPrince George, VA 23875
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  • Customer Reviewed
  • 3D Tour
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The Regency at Longhill
$1,680 - $2,305
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,425 - $2,050
Required Monthly Fees
$255

Total Monthly Price
$1,680 - $2,305
1 to 3 Bedroom Apartments Available Now

The Regency at Longhill

5302 Lane Place DrWilliamsburg, VA 23188
Student Housing
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  • Customer Reviewed
  • Utilities Included
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Pretlow Homes
1 to 2 Bedroom Apartments

Pretlow Homes

925 Pretlow StFranklin, VA 23851

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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Chuckatuck Square
1 to 2 Bedroom Apartments

Chuckatuck Square

5757 Godwin BlvdSuffolk, VA 23432
  • Utilities Included
property at 15713 S Crater Rd

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

15713 S Crater Rd

PetersburgVA23805
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Pinetree
1 to 3 Bedroom Apartments

Pinetree

3100 Pinetree DrPetersburg, VA 23803
  • Utilities Included
property at 214 Belvidere St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

3 Bedroom, 1 Bath Home for Rent

Available Now

214 Belvidere St

WaverlyVA23890
property at 207 Chestnut St

$1,495

Total Monthly Price7 Month Lease Term

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

3 Bedroom, 1 Bath Home for Rent

Available Now

207 Chestnut St

WaverlyVA23890
property at 1203 Jamestown Rd

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1 Bath Home for Rent

Available Sep 15

1203 Jamestown Rd

WilliamsburgVA23185
property at 153 Albemarle Dr

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1 Bath Home for Rent

Available Aug 17

153 Albemarle Dr

WilliamsburgVA23185
property at 1101 London Company Way

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

2 Bedroom, 1.5 Bath Townhome for Rent

Available Now

1101 London Company Way

WilliamsburgVA23185

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

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 ListingModel NameBed/BathPriced From
Cavalier Apartments II1 Bed, 1 bath1BR,1BA$731
The Flats of WilliamsburgStudio IStudio,1BA$915
Mill Creek, Mill Pond & Park Ave ApartmentsMill Creek 1 Bed1BR,1BA$950
Liberty Pointe2 Bdrm2BR,1BA$1,087
Forest Pine Apartments2b2BR,1BA$1,090
Cavalier Senior Apartments2 Beds, 2 baths2BR,2BA$1,129
PinetreeB22BR,2BA$1,185
Jesse Lee Apartments3BR3BR,2BA$1,222
Longhill GroveTwo Bedroom2BR,2BA$1,261
Addison Crater WoodsWillow2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Cavalier Apartments II3 Beds, 2 baths3BR,2BA$1.17
PinetreeB22BR,2BA$1.10
Jesse Lee Apartments3BR3BR,2BA$1.19
Longhill GroveTwo Bedroom2BR,2BA$1.26
Mill Creek, Mill Pond & Park Ave ApartmentsPark Ave 2 Bed2BR,1BA$1.28
Cavalier Senior Apartments2 Beds, 2 baths2BR,2BA$1.19
Current Midtown2BR/2BA - B42BR,2BA$1.58
Morris Creek Landing ApartmentsTwo Bed Two Bath with W/D2BR,2BA$1.59
Liberty Pointe2 Bdrm2BR,1BA$1.23
Forest Pine Apartments2b2BR,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.

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Real 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.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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

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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.

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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.

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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.

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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.