
Cheap Homes for Rent in Wakefield, VA from $1,500 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Wakefield.


153 Albemarle Dr

3890 Staffordshire Ln

3837 Staffordshire Ln

4049 Midlands Rd
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.

MIDLANDS Rd

1101 London Company Way

11826 Colonial Trail W

158 Albemarle Dr

922 Pocahontas Ct
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.

2426 Liverman Dr

9431 Jenkins Ln

11900 Wilcox Neck Rd

212 Middle St

523 Petty St
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.

9800 Golf Course Dr

318 Jasper Ln
Wakefield, VA Local Guide

How much does it cost to rent a home in Wakefield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Wakefield 2 Bedroom Homes for Rent | $1,840 | $1,500 | $3,300 |
| Wakefield 3 Bedroom Homes for Rent | $2,255 | $1,795 | $3,300 |
| Wakefield 4 Bedroom Homes for Rent | $2,956 | $2,550 | $3,400 |
| Wakefield 5 Bedroom Homes for Rent | $2,900 | $2,600 | $3,100 |
Browse Top Homes for Rent in Wakefield
Explore 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 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 $900. 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 | $900 |
| Mill Creek, Mill Pond & Park Ave Apartments | Mill Creek 1 Bed | 1BR,1BA | $950 |
| Forest Pine Apartments | 2b | 2BR,1BA | $1,075 |
| Liberty Pointe | 2 Bdrm | 2BR,1BA | $1,087 |
Best Value Apartments for Rent in Wakefield, VA and Nearby
As of July 02, 2026 the best value apartment in the Wakefield area is the $1.09 price per square foot Three Bedroom Model at Longhill Grove in the in the Regency at Longhill neighborhood starting from $1,392. The second greatest value Wakefield apartment is the 3 Beds, 2 baths Model at Cavalier Apartments II starting at $1,285 with a $1.17 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. |
|---|---|---|---|
| Longhill Grove | Three Bedroom | 3BR,2BA | $1.09 |
| Cavalier Apartments II | 3 Beds, 2 baths | 3BR,2BA | $1.17 |
| Pinetree | B2 | 2BR,2BA | $1.10 |
| Bradford Mews Apartments - Tax Credit | Two Bedroom | 2BR,2BA | $1.36 |
| 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 |
| Liberty Pointe | 2 Bdrm | 2BR,1BA | $1.23 |
| Jesse Lee Apartments | 2BR | 2BR,2BA | $1.31 |
| Forest Pine Apartments | 2b | 2BR,1BA | $1.29 |
| 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 Wakefield
What type of rentals are currently available in Wakefield?
There are currently 47 Apartments for Rent in Wakefield, VA with pricing that ranges from $731 to $5,156. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wakefield ranging from $1,500 to $3,400.
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 $1,500 to $3,400 with an average monthly rent of $2,487.
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 $1,065 to $3,846, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,795 to $3,300. Four Bedroom Single-Family rentals are also available starting from $2,550 and Four Bedroom Apartments start at $1,190.
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

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.