Cheap Apartments for Rent in the Downtown Wakefield Neighborhood of Wakefield, MA from $1,000 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Wakefield area of Wakefield.

Wakefield one, two, and three bedrooms
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34 Richardson St, Unit #2

Grayson Lofts

Colonial Point Apartments
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Nexxus Apartments

15 W Water St
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Downtown Wakefield, Wakefield, MA Local Guide

How much does it cost to rent an apartment in Downtown Wakefield?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Downtown Wakefield Studio Apartments | $3,056 | $2,292 | $5,426 |
Downtown Wakefield 1 Bedroom Apartments | $3,172 | $2,000 | $6,864 |
Downtown Wakefield 2 Bedroom Apartments | $4,119 | $2,100 | $10,000+ |
Downtown Wakefield 3 Bedroom Apartments | $4,731 | $3,300 | $5,294 |
Browse Apartments in this Neighborhood
There are currently 17 rentals with your search options within a 1 mile radius of the Downtown Wakefield Neighborhood of Wakefield, MA.
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Downtown Wakefield, Wakefield, MA Local Guide
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Cheapest Available Downtown Wakefield Apartments for Rent
 The cheapest available apartment rental in the Downtown Wakefield area of Boston, MA is a 1 Bed unit found at Wakefield one, two, and three bedrooms priced from $2,100. Colonial Point Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,200. Here are the most affordable Downtown Wakefield apartments for rent in Boston, MA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Wakefield one, two, and three bedrooms | 1BR/1.0BA | 1BR,1BA | $2,100 |
Colonial Point Apartments | Model 1A | 1BR,1BA | $2,200 |
Hanover Stoneham | A | Studio,1BA | $2,445 |
Nexxus Apartments | The Peabody | 1BR,1BA | $2,575 |
Grayson Lofts | A7 | 1BR,1BA | $2,648 |
Best Value Apartments for Rent in Downtown Wakefield, MA
As of May 10, 2025 the best value apartment in the Downtown Wakefield area is the $1.75 price per square foot 39-41 Crescent St Model at 39-41 Crescent St, Unit #1 in the in the Greenwood neighborhood starting from $3,500. The second greatest value Downtown Wakefield apartment is the 315 Albion St Model at 315 Albion St, Unit #1 starting at $2,800 with a $2.55 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
39-41 Crescent St, Unit #1 | 39-41 Crescent St | 2BR,2.5BA | $1.75 |
315 Albion St, Unit #1 | 315 Albion St | 2BR,1BA | $2.55 |
407 Lowell St, Unit #3 | 407 Lowell St | 2BR,2BA | $2.78 |
271 Albion St, Unit #11 | 271 Albion St | 2BR,1BA | $2.44 |
269 Albion St, Unit #11 | 269 Albion St | 2BR,1BA | $2.44 |
286 Albion St, Unit #2 | 286 Albion St | 1BR,1BA | $2.46 |
Colonial Point Apartments | Model 1A | 1BR,1BA | $2.55 |
34 Richardson St, Unit #2 | 34 Richardson St | 2BR,1BA | $2.63 |
34 Salem St, Unit #2 | 34 Salem St | 1BR,1BA | $2.94 |
99 Water St, Unit #1 | 99 Water St | 1BR,1BA | $3.33 |
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Pet Friendly LifestyleDowntown Wakefield, Wakefield, MA
Ranked #2
Among neighborhoods in Wakefield, MA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Cheap Downtown Wakefield Apartments
What is a cheap apartment in Downtown Wakefield?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Wakefield is under $2,648.
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 $2,100, while the average apartment in Downtown Wakefield costs $4,674.
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 4 regular apartments in Downtown Wakefield that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Wakefield?
Cheap apartments in Downtown Wakefield have an average cost of $150 which is $4,524 cheaper than the average rent for all rentals in Downtown Wakefield.
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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