Cheap Homes for Rent in Wakefield, MA from $1,600 (11 Rentals)

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

property at 120 Tremont St

120 Tremont St

EverettMA02149
property at 447 Pleasant St

447 Pleasant St

MelroseMA02176

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

Wakefield, MA Local Guide

Cheapest Available Wakefield Apartments for Rent

 
Apartment ListingModel NameBed/BathPriced From
Leisure Lane ApartmentsstudioStudio,1BA$1,705
Mill Street Gardens1 Bedroom, 1 Bath1BR,1BA$1,800

Best Value Apartments for Rent in Wakefield, MA

As of March 25, 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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Frequently Asked Questions about Wakefield

What type of rentals are currently available in Wakefield?

There are currently 262 Apartments for Rent in Wakefield, MA with pricing that ranges from $1,600 to $17,659. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Wakefield ranging from $1,680 to $5,150.

What is the current price range for Rental Homes in Wakefield?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Wakefield ranges from $1,680 to $5,150 with an average monthly rent of $3,118.

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.