Rentometer, Inc. | Data as of 10/23/2025
Wakefield, Massachusetts, offers a vibrant blend of historic charm and modern convenience, making it a sought‑after destination for renters seeking a suburban feel with easy access to Boston. The downtown district buzzes with boutique shops, artisanal cafés, and year‑round events around the scenic Lake Quannapowitt, while neighborhoods such as Inman and the Lakeside area provide quieter, tree‑lined streets ideal for families and professionals alike. Residents enjoy excellent commuter options via the MBTA Commuter Rail, as well as convenient highway connections, all set against a backdrop of beautifully preserved New England architecture.
The local rental market is dominated by apartments, ranging from cozy studios to spacious three‑bedroom units. Studio and one‑bedroom apartments typically sit in the $2,400‑$2,600 range, offering modern finishes and proximity to downtown amenities. Larger two‑ and three‑bedroom homes command $3,200‑$4,200, appealing to those who need extra space for home offices or growing families. Across Wakefield, renters benefit from a mix of newly built complexes and well‑maintained older buildings, many of which feature on‑site fitness centers, communal lounges, and pet‑friendly policies.
Beyond housing, Wakefield’s appeal lies in its recreational assets and cultural attractions. The popular Lake Quannapowitt trail provides miles of walking, biking, and winter skating paths, while the Wakefield Town Center hosts seasonal festivals, farmers’ markets, and live performances. Quality schools, a thriving restaurant scene, and easy access to Boston’s employment hubs combine to make Wakefield an attractive choice for a diverse range of renters looking for a balanced, community‑focused lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $2,444 | $2,524 | $1,850 - $2,727 | $2,279 - $2,670 |
| Apartment | 1 Bedroom | $2,503 | $2,650 | $1,300 - $3,336 | $2,125 - $2,840 |
| Apartment | 2 Bedroom | $3,222 | $3,200 | $2,200 - $4,225 | $2,800 - $3,500 |
| Apartment | 3 Bedroom | $4,150 | $4,167 | $3,066 - $5,200 | $3,500 - $4,800 |
In the current period, the average rent in Wakefield was $2,444 for Studio, $2,503 for 1 Bedroom, $3,223 for 2 Bedroom, and $4,150 for 3 Bedroom.
Data provided by Rentometer, Inc.