Cheap Apartments for Rent in the Downtown Wakefield Neighborhood of Wakefield, MA from $1,000 (20 Rentals)

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

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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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27-37 Water St
1 to 2 Bedroom Apartments

27-37 Water St

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

598 North

598 North AveWakefield, MA 01880

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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Downtown Wakefield, Wakefield, MA Local Guide

Cheapest Available Downtown Wakefield Apartments for Rent

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

Best Value Apartments for Rent in Downtown Wakefield, MA

As of April 18, 2025 the best value apartment in the Downtown Wakefield area is the $1.82 price per square foot 37 Sylvan Ave Model at 37 Sylvan Ave in the in the Greenwood neighborhood starting from $4,200. The second greatest value Downtown Wakefield apartment is the 39-41 Crescent St Model at 39-41 Crescent St, Unit #1 starting at $3,500 with a $1.75 price per square foot in the Greenwood neighborhood. Here is today’s list of the best values for Downtown Wakefield apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
37 Sylvan Ave37 Sylvan Ave4BR,2BA$1.82
39-41 Crescent St, Unit #139-41 Crescent St2BR,2.5BA$1.75
28 Salem St, Unit #128 Salem St3BR,1BA$2.14
33 Salem St, Unit #133 Salem St3BR,1BA$2.14
315 Albion St, Unit #1315 Albion St2BR,1BA$2.55
269 Albion St, Unit #11269 Albion St2BR,1BA$2.44
271 Albion St, Unit #11271 Albion St2BR,1BA$2.44
287 Albion St, Unit #2287 Albion St1BR,1BA$2.46
68 Valley St, Unit #368 Valley St2BR,1BA$2.53
70 Valley St, Unit #370 Valley St2BR,1BA$2.53

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Pet Friendly Lifestyle
Downtown Wakefield, Wakefield, MA

Ranked #2

Among neighborhoods in Wakefield, MA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap Downtown Wakefield Apartments

What is the price of a cheap apartment in Downtown Wakefield?

The cheapest apartment in Downtown Wakefield is Wakefield one, two, and three bedrooms which is listed at $2,025, while the average apartment in Downtown Wakefield costs $4,860.

What types of apartments are the cheapest in Downtown Wakefield?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 5 regular apartments in Downtown Wakefield that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.