Cheap Apartments for Rent in Wakefield, MA from $1,000 (48 Rentals)

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

Boston's Best Affordable Neighborhoods

Learn about Boston and the best places to live around the area with original content written by our Boston, MA Local Expert Amelia Ramstead

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39-41 Richardson Ave
Studio to 1 Bedroom Apartments

39-41 Richardson Ave

39-41 Richardson AveWakefield, MA 01880
  • Utilities Included
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598 North
1 to 2 Bedroom Apartments

598 North

598 North AveWakefield, MA 01880
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27-37 Water St
1 to 2 Bedroom Apartments

27-37 Water St

27-37 Water StWakefield, MA 01880
property at 22 Howard St

22 Howard St

MelroseMA02176
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Stoneham House
1 to 2 Bedroom Apartments

Stoneham House

180-222 Central StStoneham, MA 02180
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7 Falmouth St
1 Bedroom Apartments

7 Falmouth St

7 Falmouth StSaugus, MA 01906
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  • Smoke Free
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411 Main St
1 to 2 Bedroom Apartments

411 Main St

411 Main StStoneham, MA 02180
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Showing Results 1-48, Page 1 of 1

Wakefield, MA Local Guide

Cheapest Available Wakefield Apartments for Rent

 

The cheapest available apartment rental in Wakefield, MA is a 1 Bed unit found at 30 Howard St in the Hammersmith Village neighborhood priced from $1,600. 7 Falmouth St in the Hammersmith Village neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,600. Here is today’s list of the most affordable Wakefield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
30 Howard St7H Falmouth1BR,1BA$1,600
7 Falmouth St7H1BR,1BA$1,600
Leisure Lane ApartmentsstudioStudio,1BA$1,795

Best Value Apartments for Rent in Wakefield, MA

As of April 13, 2025 the best value apartment in the Wakefield area is the $0.18 price per square foot 119 Myrtle St Model at 119 Myrtle St, Unit #1 in the in the Hammersmith Village neighborhood starting from $1,750. The second greatest value Wakefield apartment is the 22 Linden Rd Model at 22 Linden Rd starting at $2,450 with a $0.25 price per square foot in the Hammersmith Village 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.
119 Myrtle St, Unit #1119 Myrtle St1BR,1BA$0.18
22 Linden Rd22 Linden Rd2BR,1BA$0.25
37 Sylvan Ave37 Sylvan Ave4BR,2BA$1.82
39-41 Crescent St, Unit #139-41 Crescent St2BR,2.5BA$1.75
9 Arlington St, Unit 19 Arlington St2BR,1BA$2.08
28 Salem St, Unit #128 Salem St3BR,1BA$2.14
33 Salem St, Unit #133 Salem St3BR,1BA$2.14
Michaels LandingAffordable Waitlist (income restricted)2BR,2BA$2.04
23 Rendall Pl, Unit #2323 Rendall Pl2BR,1BA$2.09
2 Fremont St, Unit 12 Fremont St2BR,1BA$1.84

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Wakefield, MA

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See the most popular apartments and homes in Wakefield, MA

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Getting Around Wakefield, MA

Walk Score®

69 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

27 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Leisure Lane Apartments listed at $1,795.

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

The lowest price for a Cheap One Bedroom Wakefield Apartment is $1,600 at 30 Howard St.

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 $2,195 at Leisure Lane Apartments.

What is the most affordable Wakefield Three Bedroom Apartment?

The best deal on a cheap Wakefield Three Bedroom Apartment rental is at The Residences at Stevens Pond and starts from $3,584.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The 10 Best Affordable Neighborhoods in Boston, MA

Written by: Amelia Ramstead

Boston is known for its exciting combination of early American history and modern high-tech universities and employers.

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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.