Homes & Apartments for Rent in Wakefield, MA

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What to Know About

Life in Wakefield & Beyond

Wakefield shares many of the great qualities that make Massachusetts a desirable place to live.

Massachusetts is rich in American history and renowned for its beautiful cities and breathtaking natural landscapes. Visit historical sites such as the Freedom Trail and USS Constitution Museum to experience the birthplace of America. In addition, it's the home to world-class universities such as Harvard University, Massachusetts Institute of Technology (MIT), and Boston College, adding to the state's innovation and education. Massachusetts also has a strong job market and a thriving economy.

For sports fans, Massachusetts is home to the New England Patriots (NFL), Boston Bruins (NFL), Boston Red Sox (MLB), Boston Celtics (NBA), and iconic venues such as Fenway Park and Gillette Stadium. In addition, the state offers a diverse range of outdoor experiences for those seeking adventure, from whale watching on the Cape Cod coast to hiking in the scenic Berkshire Mountains. See famous attractions like the Salem Witch Trials Memorial, the New England Aquarium, and the charming Martha's Vineyard.

With its warm and welcoming atmosphere, rich historical heritage, and endless opportunities, embrace the Bay State and discover why Massachusetts is the ideal place to call home.

Rental Market Trends

Wakefield, MA

As of June 2026, Wakefield's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Wakefield's average rent is 2.3% ($64) lower than the Massachusetts average of $2,761 and 50.1% ($900) higher than the U.S. average of $1,797.

Average Rent
$2,697
Monthly ChangeMonth Over Month Change
Decreased3.1% ($86)
Yearly ChangeYear Over Year Change
Increased6.3% ($160)
Avg. Days on MarketAverage Days on Market
22
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $2,404 Increased6.5% ($146) Increased11.7% ($251)
2 Beds $2,984 Increased2.1% ($61) Decreased0.2% ($6)
3 Beds $3,780 Increased1.1% ($42) Increased2.5% ($91)
Nearby Cities Average Rent Avg. Rent vs. WakefieldAverage Rent vs. Wakefield Avg. Days on MarketAverage Days on Market
Stoneham $3,094 Increased14.7% ($397) 24 days
Reading $3,126 Increased15.9% ($429) 26 days
Melrose $2,968 Increased10% ($271) 27 days
Lynnfield $3,292 Increased22.1% ($595) 26 days
Saugus $2,528 Decreased6.3% ($169) 26 days
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Wakefield Rental Market FAQs

Explore rental prices, market trends, and availability in Wakefield, MA.

The average rent in Wakefield, MA is $2,697 per month.
Homes in Wakefield typically rent for between $1,683 and $4,914 per month, with an average of $2,697 per month.
In Wakefield, the average rent for a 1-bedroom home is $2,404 per month, for a 2-bedroom home, $2,984 per month, and a 3-bedroom home is $3,780 per month.
The average rent in Wakefield is 50.1% ($900) higher than the national average of $1,797 per month.
The average rent in Wakefield has decreased by 3.1% ($86) in the last month and increased by 6.3% ($160) over the past year.
The rental market in Wakefield, MA, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Wakefield, MA, the average rental stays on the market for approximately 22 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 11 rental properties available in Wakefield, MA.
Based on the current averages, a household would need an annual income of $119,360 to comfortably afford a 2-bedroom home in Wakefield.
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