15 W Water St
WakefieldMA01880
Cheap Homes for Rent in Downtown Wakefield Neighborhood of Wakefield, MA from $1,800 (5 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Wakefield area of Wakefield.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
57 Pleasant St
WakefieldMA01880
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
69 Foundry St
WakefieldMA01880
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
68 Preston St
WakefieldMA01880
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
20 Lawrence St
WakefieldMA01880
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Downtown Wakefield, Wakefield, MA Local Guide
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How much does it cost to rent a home in Downtown Wakefield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Wakefield 2 Bedroom Homes for Rent | $3,416 | $2,700 | $4,800 |
| Downtown Wakefield 3 Bedroom Homes for Rent | $5,800 | $5,800 | $5,800 |
| Downtown Wakefield 4 Bedroom Homes for Rent | $6,750 | $6,750 | $6,750 |
Browse Homes for Rent in this Neighborhood
There are currently 5 rentals with your search options within a 1 mile radius of the Downtown Wakefield Neighborhood of Wakefield, MA.
Explore Wakefield
Downtown Wakefield, Wakefield, MA Local Guide
- Nearby Wakefield neighborhoods
- Nearby Cities
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Cheapest Available Downtown Wakefield Apartments for Rent
| 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 |
Best Value Apartments for Rent in Downtown Wakefield, MA
As of May 12, 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 28 Salem St Model at 28 Salem St, Unit #1 starting at $2,700 with a $2.14 price per square foot in the Montrose 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 |
| 28 Salem St, Unit #1 | 28 Salem St | 3BR,1BA | $2.14 |
| 33 Salem St, Unit #1 | 33 Salem St | 3BR,1BA | $2.14 |
| 404 Lowell St, Unit #3 | 404 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 |
| 287 Albion St, Unit #2 | 287 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 |
Quick Rent Budget Calculator
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Frequently Asked Questions about Downtown Wakefield
What type of rentals are currently available in Downtown Wakefield?
There are currently 74 Apartments for Rent in Downtown Wakefield, MA with pricing that ranges from $2,000 to $11,109. There are also 7 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Wakefield ranging from $1,800 to $6,750.
What is the current price range for Rental Homes in Downtown Wakefield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Wakefield ranges from $1,800 to $6,750 with an average monthly rent of $4,554.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.