Average Rent in Wakefield, MA
2 apartment buildings, 67 units. Real asking prices, refreshed daily.
Avg Rent
$3,538/mo
Cheapest
$2,320/mo
Properties
2
Units
67
Analysis
Rent Price Breakdown
Compare pricing across all 2 properties in Wakefield, MA.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Wakefield, MA Rent Prices
All 2 properties ranked by lowest available rent.
Aster at the Summit
89 Hopkins St, Wakefield, MA 01880, USA
The Basin Apartments
200 Quannapowitt Pkwy, Wakefield, MA 01880, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | Aster at the Summit 89 Hopkins St, Wakefield, MA 01880, USA | $2,320 | $3,252 | $3.47 | 4.5 (47) | 6 |
| 2 | The Basin Apartments 200 Quannapowitt Pkwy, Wakefield, MA 01880, USA | $2,480 | $3,566 | $3.97 | 4.9 (49) | 61 |
Explore Each Property
Wakefield, MA Average Rent Prices 2026
The average rent in Wakefield, MA is $3,538 per month, based on 67 units across 2 apartment communities. Prices range from $2,320 at Aster at the Summit to $2,480 at The Basin Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $2,491/mo | $2,320/mo | 4 |
| 1 Bed | $2,984/mo | $2,480/mo | 39 |
| 2 Bed | $4,545/mo | $3,390/mo | 18 |
| 3 Bed | $4,822/mo | $4,080/mo | 6 |
Every price comes directly from each property's leasing system, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Market Context
Who rents in Wakefield, MA, and what they pay
Tracked one-bedroom rent in Wakefield, MA averages $2,984/mo, with two-bedroom units averaging $4,545/mo. At the local median household income of $130,320, that works out to 33% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Wakefield, MA at $1,872/mo. The current tracked market average runs 89% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Wakefield, MA while the tracked market average covers units currently listed in larger apartment communities.
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
$142,000/year
30 percent rule -- using our average rent of $3,538/mo.
Comfortable income
$170,000/year
25 percent rule -- leaves more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,320/mo), you need to earn at least $93,000/year.
Median household income in Wakefield, MA is $130,320 , about 23% 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) | $3,538 |
| Utilities | $637 |
| Groceries | $544 |
| Transportation | $1,520 |
| Healthcare | $741 |
| Other goods and services | $1,186 |
| Estimated total | $8,166/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.
Compare
Nearby cities in Massachusetts
How Wakefield, MA rent compares to other markets in the state.
| City | Avg Rent | vs Wakefield, MA | Properties |
|---|---|---|---|
| Boston, MA | $4,643 | +31% | 25 |
| Lynn, MA | $3,105 | -12% | 15 |
| Springfield, MA | $1,625 | -54% | 12 |
| Lawrence, MA | $2,935 | -17% | 11 |
| Quincy, MA | $2,805 | -21% | 8 |
| Lowell, MA | $1,578 | -55% | 8 |
Frequently asked questions
What is the average rent in Wakefield, MA?
The average rent in Wakefield, MA is $3,538 per month, based on 67 units across 2 apartment buildings tracked by Average Rent. Prices are updated every morning through our proprietary data sourcing.
What is the cheapest apartment rent in Wakefield, MA?
The lowest available rent in Wakefield, MA starts at $2,320 per month. Availability changes daily as leasing data is refreshed each morning.
How much is a 1-bedroom apartment in Wakefield, MA?
1-bedroom apartments in Wakefield, MA average $2,984/mo. The lowest listed 1-bedroom starts at $2,480/mo across 39 units tracked.
How much is a 2-bedroom apartment in Wakefield, MA?
2-bedroom apartments in Wakefield, MA average $4,545/mo. Units start from $3,390/mo across 18 units currently listed.
Rent Trends in Wakefield, MA
Track how apartment prices are changing over time.
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