Cheap Apartments for Rent in Wakefield, VA from $500 (20 Rentals)

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Birch Island I & II
1 to 3 Bedroom Apartments

Birch Island I & II

10322 Penny LnWakefield, VA 23888
  • Utilities Included

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.

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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.

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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.

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Pinetree
1 to 3 Bedroom Apartments

Pinetree

3100 Pinetree DrPetersburg, VA 23803
  • Utilities Included
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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 Pretlow Homes priced from $526. Cavalier Apartments II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $731. Here is today’s list of the most affordable Wakefield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Pretlow Homes1 Bed, 1 bath1BR,1BA$526
Cavalier Apartments II1 Bed, 1 bath1BR,1BA$731
The Flats of WilliamsburgStudio IStudio,1BA$900
Olde Jamestowne ApartmentsOne Bedroom1BR,1BA$1,050
Jesse Lee Apartments2BR2BR,2BA$1,090

Best Value Apartments for Rent in Wakefield, VA and Nearby

As of December 16, 2025 the best value apartment in the Wakefield area is the $1.68 price per square foot Coastline Model at Hillpoint Preserve Townhome Apartments in the starting from $2,278. The second greatest value Wakefield apartment is the Billings Model at The Pointe At New Town starting at $1,842 with a $1.61 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Hillpoint Preserve Townhome ApartmentsCoastline2BR,2.5BA$1.68
The Pointe At New TownBillings2BR,2.5BA$1.61
Cavalier Apartments II3 Beds, 2 baths3BR,2BA$1.17
The Westerly at Benn’s GrantCommodore - Patio*1BR,1BA$1.58
PinetreeB12BR,2BA$1.19
Cavalier Senior Apartments2 Beds, 2 baths2BR,2BA$1.19
Morris Creek Landing ApartmentsTwo Bed Two Bath with W/D2BR,2BA$1.59
Jesse Lee Apartments2BR2BR,2BA$1.31
Meadowridge ApartmentsGarden- 1 Bedroom, 1 Bath- Upstairs1BR,1BA$1.67
Olde Jamestowne ApartmentsOne Bedroom1BR,1BA$1.43

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Quick 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.

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Pet Friendly Lifestyle
Wakefield, VA

Ranked #203

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Wakefield, VA Rentals by Map

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See the most popular apartments and homes in Wakefield, VA

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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 $900.

How much is rent for a Cheap One Bedroom Wakefield Apartment?

The lowest price for a Cheap One Bedroom Wakefield Apartment is $526 at Pretlow Homes.

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 $597 at Pretlow Homes.

What is the most affordable Wakefield Three Bedroom Apartment?

The best deal on a cheap Wakefield Three Bedroom Apartment rental is at Jesse Lee Apartments and starts from $1,222.

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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.