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Studio Apartments for Rent in Wakefield, MA

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  • 200-400 Quannapowitt Pkwy, Wakefield, MA 01880
    200-400 Quannapowitt Pkwy, Wakefield, MA 01880
    200-400 Quannapowitt Pkwy, Wakefield, MA 01880
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    Starting at $2,532

    Total Monthly Price

    • Studio - 3 Beds

    200-400 Quannapowitt Pkwy, Wakefield, MA 01880

    Discover the perfect blend of tranquility and connectivity at The Basin Apartments located in Wakefield, MA north of Boston. Just moments from the city yet worlds away, this lakeside retreat offers gorgeous apartment homes and amenities designed for effortless living. All set against the stunning backdrop of Lake Quannapowitt.

    The Basin

    200-400 Quannapowitt Pkwy, Wakefield, MA 01880
  • 168 Albion St, Wakefield, MA 01880
    168 Albion St, Wakefield, MA 01880
    168 Albion St, Wakefield, MA 01880
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    Starting at $2,250 Plus Fees

    • Studio - 2 Beds

    168 Albion St, Wakefield, MA 01880

    Quintessentially New England. Delightfully modern.Grayson Lofts at Wakefield Station brings an apartment community designed to meet the highest of expectations. Elegant apartments include both industrial-chic and contemporary-modern. Stunning views of Lake Quannapowitt and a full suite of thoughtfully crafted amenities combine to create a home as unique as you. Grayson Lofts is a short

    Grayson Lofts

    168 Albion St, Wakefield, MA 01880
Massachusetts Middlesex County Wakefield

Studio Homes for Rent in Wakefield, MA

Why Live in Wakefield

Wakefield, MA, is a community-oriented town located 14 miles from Boston with a population of 27,000 residents. Incorporated in 1812, Wakefield has a rich history dating back to its colonization in 1638. The town's economy is supported by industries such as Frito-Lay manufacturing, healthcare, professional services, and education. Downtown Wakefield is undergoing redevelopment, enhancing Main Street and its mixed-use buildings. The Wakefield Farmers Market, open every Saturday from mid-June through October, features local produce and live music. Dining options include Harrington's Pub, Blue Moon Grill, and Zuzu’s Cafe. Redstone Shopping Center and MarketStreet Lynnfield offer a variety of retail and dining choices. Wakefield boasts over a dozen parks, including Lake Quannapowitt, which is popular for boating and swimming. The Lucius Beebe Memorial Library serves as a community hub with various groups and activities. The town hosts the annual Festival by the Lake, featuring arts and crafts, food vendors, and live music. Housing in Wakefield includes historic colonials, Cape Cod-style homes, modern condominiums, and townhouses, with most homes built before 1940. The town is accessible via Interstates 93 and 95, Route 128, and the MBTA Commuter Rail. Wakefield Public Schools and Mystic Valley Regional Charter School are highly rated, with strong academic and college prep programs. The town has low crime rates compared to the national average and utilizes the CodeRED Alert System for emergency notifications.

Learn more about living in Wakefield

Frequently Asked Questions

How much does it cost to rent a home in Wakefield, MA?
The median rent for a home in Wakefield, MA is $2,550 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Wakefield, MA?
To comfortably afford the median rent in Wakefield, MA, a household needs to earn roughly $102,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,550 per month in Wakefield, MA, renters typically need to show $7,650 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Wakefield, MA?
In Wakefield, MA, the price-to-rent ratio is 25.8, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Wakefield, MA are best for renting a home?
The best neighborhood for renting in Wakefield, MA depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include North Woburn, Oak Grove, West Revere, Malden Center and West End, each with its own character and price range.

Rental Trends in Wakefield, MA

There are currently 2 homes available for rent in Wakefield, MA. The median rent is $2,550 per month, with single-family homes renting at $3,300, townhouses at $3,875 and condos at $2,400.

Rental Home Trends

Number of Homes for Rent
2
Median Rent
$2,550
Median Single Family Home Rent
$3,300
Median Townhouse Rent
$3,875
Median Condo Rent
$2,400
How to Rent a Home

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