Cheap Apartments for Rent in Wakefield, MI from $500 (7 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Read Article

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.

Read Article

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.

Read Article
Showing Results 1-7, Page 1 of 1

Wakefield, MI Local Guide

Cheapest Available Wakefield Apartments for Rent and Nearby

 

The cheapest available apartment rental in Wakefield, MI is a 1 Bed unit found at Flambeau Village Apartments priced from $580. Gazette Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here is today’s list of the most affordable Wakefield apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Flambeau Village ApartmentsStudio1BR,1BA$580
Gazette Apartments1 Bed Unit1BR,1BA$750
Forest EdgeTwo Bedroom2BR,2BA$886

Best Value Apartments for Rent in Wakefield, MI and Nearby

As of May 12, 2025 the best value apartment in the Wakefield area is the $0.86 price per square foot Three Bedroom Model at Forest Edge in the starting from $1,255. The second greatest value Wakefield apartment is the Two Bedroom / One Bath Apartment Model at Lindoo School Apartments starting at $925 with a $0.76 price per square foot . 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.
Forest EdgeThree Bedroom3BR,2BA$0.86
Lindoo School ApartmentsTwo Bedroom / One Bath Apartment2BR,1BA$0.76
491 Flambeau Ave, Unit 491491 Flambeau Ave2BR,1BA$1.12
High Gate ApartmentsEfficiency2BR,1BA$1.09
Eagle Trails Estates2 Bedroom 2 Bathroom - Split2BR,2BA$1.26
HIDDEN VALLEY ESTATES2 Bed 2 Bath Lower2BR,2BA$1.19
1515 Beaser Ave, Unit 1251515 Beaser Ave3BR,1BA$1.53
122 N Lake Ave, Unit 0122 N Lake Ave1BR,1.5BA$1.57
300 Ashland St, Unit 4300 Ashland St1BR,1BA$1.67
Flambeau Village ApartmentsStudio1BR,1BA$1.16

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

decorative image of people with a giant lease agreement

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

Explore Wakefield, MI Rentals by Map

Decorative image of map

See the most popular apartments and homes in Wakefield, MI

View MapWakefield, MI Apartments MapView MapWakefield, MI Rental Homes Map

Getting Around Wakefield, MI

Walk Score®

25 / 100

Car-Dependent

Most errands require a car

Bike Score®

29 / 100

Somewhat Bikeable

Minimal bike infrastructure

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Wakefield Apartments

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

The lowest price for a Cheap One Bedroom Wakefield Apartment is $580 at Flambeau Village Apartments.

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 $886 at Forest Edge.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

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.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.