Average Rent in Wakefield, MA and Rent Price Trends

Last updated on May 22, 2024

Average rent in
Wakefield, MA

Last updated on May 22, 2024

Last updated on May 22, 2024

Rent price trends

Rent prices for all bedroom counts and property types in Wakefield, MA have decreased by 28% in the last month and have increased by 2% in the last year.

We analyze our inventory and calculate this information on a 30-day rolling basis.

Rent price summary for
Wakefield, MA

As of May 2024, the median rent for all bedroom counts and property types in Wakefield, MA is $2,350. This is +22% higher than the national average.

$2.76

average price per square foot

Median rent

$2,350

increased by2%
over the previous yearvs previous year

Total rentals

15

for rent on Zumper.com

As of May 2024, the median rent for all bedroom counts and property types in Wakefield, MA is $2,350. This is +22% higher than the national average.

$2.76

average price per square foot

Rent ranges

81%
19%
$1,501-$3,000$1,501 - $3,000
$3,001-$4,500$3,001 - $4,500

Households

73%
27%
Owner-occupied
Renter-occupied

Median rent and rent ranges are based on Zumper inventory in the last 30 days. Household data are provided by the US Census Bureau.

Rent comparables in
Wakefield, MA

The monthly rent for an apartment in Wakefield, MA is $2,607. A 1-bedroom apartment in Wakefield, MA costs about $2,239 on average, while a 2-bedroom apartment is $2,834. Houses for rent in Wakefield, MA are more expensive, with an average monthly cost of $3,900.

Comparables

1 bedroom

$2,209

25%

2%

2 bedroom

$2,949

3%

17%

3 bedroom

$3,148

1%

14%

4 bedroom

$4,123

3%

-

Studio

$1,820

No Change

-

Studio

Average rent

$1,820

1 bedroom

Average rent

$2,209

Last 30 days

25%

Last year

2%

2 bedroom

Average rent

$2,949

Last 30 days

3%

Last year

17%

3 bedroom

Average rent

$3,148

Last 30 days

1%

Last year

14%

4 bedroom

Average rent

$4,123

Last 30 days

3%

The table above reflects average rent prices in Wakefield, MA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

Compare rent prices in Wakefield, MA to other cities

Median rent prices in Wakefield, MA for all bedroom counts and property types compared to Bedford, MA.

Wakefield

Median rent price$2,350
increased by22%

higher than the national median

Median rent price$2,700
increased by40%

higher than the national median

Takeaway

The median rent for all rentals in Wakefield, MA is 13% lower than the median rent in Bedford, MA.

More data insights and reports

View the National Rent Report

National Rent Report

View the Canadian Rent Report

Canadian Rent Report

View the Annual Rent Report

Annual Rent Report

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

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Discover rentals in Wakefield, MA

5d+ ago

Apartment for rent in Wakefield

9 Greenwood St #B, Wakefield, MA 01880

9 Greenwood St #B, Wakefield, MA 01880

2 beds

1 bath

$2,350

Apartment for rent in Wakefield

Property Status: Pending Conveniently located, well maintained 4 room, 2 bedroom apartment in a 4 family building in the Greenwood section of Wakefield. There is one parking space and a coin operated washer and dryer in the basement. Basement is located near the commuter rail station. No smoking, no pets! Office Phone: (781) 438-7220 Copyright © 2024 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

21h ago

8.5

Very good

Gardencrest Apartments

1077 Main St, Wakefield, MA 01880

2 beds

1 bath

$2,400–$2,425

Apartment for rent in Wakefield

Dishwasher

9h ago

Verified

95 Audubon Rd #212, Wakefield, MA 01880

2 beds

2 baths

$2,800

Apartment for rent in Wakefield

Available Apr 4

2 bedroom, 2 bathroom apartment nestled within a sleek high-rise. Hardwood floors span the entirety of the space. Updated kitchen with a dishwasher, refrigerator, and electric stove. With heat, hot water, and an off-street parking spot all included, this is a great deal! As a resident, you'll have access to an indoor swimming pool! 2 MONTHS FREE FOR LEASES STARTING BEFORE 5/1/24! (Reference #179689)

12h ago

Apartment for rent in Wakefield

Welcome to 598-600 North.

600 North Ave, Wakefield, MA 01880

2 beds

2 baths

$2,900

Apartment for rent in Wakefield

3D tour

5d+ ago

Apartment for rent in Wakefield

95 Audubon Rd #508, Wakefield, MA 01880

2 beds

2 baths

$2,900

Apartment for rent in Wakefield

Situated in Wakefield, conveniently near Rt 95 and Market Street in Lynnfield, this expansive residence offers a well-designed layout featuring a spacious living room, dining area, a fully equipped kitchen with sleek stainless steel appliances, two bedrooms, and two bathrooms. The building amenities include coin-operated laundry, a compact gym, and an indoor swimming pool. The rent covers heat and hot water, and the unit comes with the added convenience of one designated parking spot. Two months free for all leases signed before 3/31.