Last updated
Average Rent in Wakefield, MA & Rent Trends
Rent prices and market trends across 2 apartment communities in Wakefield, MA. Updated daily.
Market Average
$3,337/mo
Lowest Available
$2,415/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
48
available now
Price Cuts This Week in Wakefield, MA
29 listed units across 2 buildings in Wakefield, MA dropped their asking rent in the past 7 days, an average cut of $144/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Aster at the Summit | Unit 16014 | $3,540 | $2,695 | $845 |
| Aster at the Summit | Unit 1 | $3,540 | $2,695 | $845 |
| The Basin Apartments | Unit 2111, B12P | $4,030 | $3,930 | $100 |
| The Basin Apartments | Unit 2113, B1ap - G2 | $3,630 | $3,530 | $100 |
| The Basin Apartments | Unit 2308, B13 | $3,925 | $3,825 | $100 |
| The Basin Apartments | Unit 3107, B1ap - G2 | $3,880 | $3,780 | $100 |
| The Basin Apartments | Unit 3113, B1aP | $4,055 | $3,955 | $100 |
| The Basin Apartments | Unit 3221, B1aB | $4,055 | $3,955 | $100 |
Is Rent Going Up or Down in Wakefield, MA?
As of July 2026, the average rent in Wakefield, MA is $3,337 per month across 2 apartment communities and 48 available units.
The most affordable option is The Basin Apartments starting at $2,415/mo. By unit type, a studio averages $2,667/mo, a 1-bedroom averages $2,814/mo, a 2-bedroom averages $3,722/mo, a 3-bedroom averages $4,213/mo.
Prices range from $2,415 to $4,575 per month. The most common price point is the $2,600 range, where 11 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Wakefield, MA
Rent Prices by Apartment in Wakefield, MA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Basin Apartments | $2,415/mo | $3,362/mo | 42 | 4.9 |
| Aster at the Summit | $2,695/mo | $3,166/mo | 6 | 4.5 |
Google Search Trends for Wakefield, MA Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Wakefield, MA
What is the average rent in Wakefield, MA?
Is rent going up or down in Wakefield, MA?
What is the cheapest apartment in Wakefield, MA?
How much is a 1-bedroom apartment in Wakefield, MA?
How many apartments are available in Wakefield, MA?
What salary do I need to live comfortably in Wakefield, MA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$133,000/year
Based on the 30 percent rule, using our tracked average rent of $3,337/mo.
Comfortable income
$160,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,415/mo), you need to earn at least $97,000/year.
Median household income in Wakefield, MA is $130,320 , about 19% below the comfortable-living threshold.
Cost of living in Wakefield, MA
Overall prices in Wakefield, MA runs above the national average by about 10% (BEA Regional Price Parity index 110.4, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Wakefield, MA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $3,337 |
| Utilities | $637 |
| Groceries | $544 |
| Transportation | $1,520 |
| Healthcare | $741 |
| Other goods and services | $1,186 |
| Estimated total | $7,965/mo |
Population
27,284
Median household income
$130,320
Census median rent
$1,872/mo
Rent as % of income
27.6%
Median age
42.9
Mean commute
32 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Explore Wakefield, MA Apartments
Browse all 2 communities with daily-updated pricing and availability.