Cheap Apartments for Rent in Wakefield, MA from $1,000 (32 Rentals)

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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
property at 625 Main St

625 Main St

ReadingMA01867

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

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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411 Main St
1 to 2 Bedroom Apartments

411 Main St

411 Main StStoneham, MA 02180
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119 West Wyoming
1 Bedroom Apartments

119 West Wyoming

119 W Wyoming AveMelrose, MA 02176

Wakefield, MA Local Guide

Cheapest Available Wakefield Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Leisure Lane ApartmentsstudioStudio,1BA$1,795

Best Value Apartments for Rent in Wakefield, MA

As of March 26, 2025 the best value apartment in the Wakefield area is the $0.24 price per square foot 181 Central St Model at 181 Central St, Unit #11 in the in the Nobility Hill neighborhood starting from $2,400. The second greatest value Wakefield apartment is the 43 Union St Model at 43 Union St, Unit #1 starting at $2,600 with a $2.25 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.
181 Central St, Unit #11181 Central St2BR,1BA$0.24
43 Union St, Unit #143 Union St3BR,1.5BA$2.25
Michaels LandingAffordable Waitlist (income restricted)2BR,2BA$2.04
16 Willow St, Unit #30116 Willow St2BR,2BA$2.45
54 Lynde St, Unit #654 Lynde St2BR,1BA$2.28
179 Green St, Unit #408179 Green St2BR,2BA$2.29
2 Fremont St, Unit 12 Fremont St2BR,1BA$1.84
269 Albion St, Unit #11269 Albion St2BR,1BA$2.44
71 W Wyoming Ave, Unit #171 W Wyoming Ave1BR,1BA$2.32
104 W Emerson St, Unit 6104 W Emerson St2BR,1BA$2.29

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

Explore Wakefield, MA Rentals by Map

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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

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 $1,705.

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

The lowest price for a Cheap One Bedroom Wakefield Apartment is $1,800 at Mill Street Gardens.

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 $3,739.

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.

decorative image for The 10 Best Affordable Neighborhoods in Boston, MA article

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

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.