What is the average apartment size in Wakefield?

The average size for a Wakefield, MA apartment is 906 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

What is the average rent in Wakefield?

As of Aug / 2026, the average rent in Wakefield is $2,898 per month, a 7.35% increase from last years average of $2,700.

What is the average apartment size in Wakefield?

The typical apartment in Wakefield offers about 906 sq. ft. square feet of living space, though actual sizes vary depending on layout and amenities.

Wakefield, MA Rental Market Trends

Q: What's the typical rent budget in Wakefield?

The typical rent budget in Wakefield ranges from $2,501 to $3,000 per month, with 53% of rentals in this range.

Q: Do most people rent or own in Wakefield?

In Wakefield, 29% of households rent while 71% own their homes, based on the latest U.S. Census data.

Last updated: October 01, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Wakefield is $2,898, a 7.35% increase compared to the previous year, when the average rent was $2,700.

One-bedroom apartments provide 783 square feet for $2,628, balancing privacy and affordability.

Two-bedroom units at $3,245 offer 1,093 square feet, perfect for roommates or small families.

Average rent in Wakefield, MA

Last updated: October 01, 2026

	Average Rent	Average Apartment Size
All Rentals	$2,898	906 sq. ft.
Studio	n/a	n/a
1 Bed	$2,628	783 sq. ft.
2 Beds	$3,245	1,093 sq. ft.
3 Beds	n/a	n/a

Wakefield, MA rent trends

Rental prices in Wakefield, MA have increased by 7.35% over the past year. The average rent moved from $2,700 to $2,898.

What's the typical rent budget in Wakefield, MA?

The largest share of rentals in Wakefield, MA (53%) fall between $2,501-$3,000 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Wakefield, MA?

3,302 or 29% of the households in Wakefield, MA are renter-occupied while 7,968 or 71% are owner-occupied.

How Wakefield Compares to Other Cities

City	Average Rent
Wakefield	$2,898
Boston	$3,743
Cambridge	$3,626
Worcester	$2,047
Lowell	$2,285
Fall River	$2,109
Quincy	$2,788
Somerville	$3,289
Cape Cod	$2,521
New Bedford	$2,178
Newton	$3,835
Arlington	$3,125
Danvers	$2,851
Saugus	$2,906
Lexington	$3,610
Stoneham	$2,834
Burlington	$2,917
Wilmington	$3,076

Where this data comes from

The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.

Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Wakefield apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.

Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.