What is the average apartment size in Wakefield?

The average size for a Wakefield, MA apartment is 914 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 Jan / 2026, the average rent in Wakefield is $2,500 per month, a 6.23% decrease from last years average of $2,666.

What is the average apartment size in Wakefield?

The typical apartment in Wakefield offers about 914 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 $2,001 to $2,500 per month, with 67% of rentals in this range.

Q: Do most people rent or own in Wakefield?

In Wakefield, 30% of households rent while 70% own their homes, based on the latest U.S. Census data.

Last updated: February 21, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau

Highlights

The average rent for an apartment in Wakefield is $2,500, a 6.23% decrease compared to the previous year, when the average rent was $2,666.

One-bedroom apartments provide 825 square feet for $2,283, balancing privacy and affordability.

Two-beedroom units at $2,949 offer 1,096 square feet, perfect for roommates or small families.

Average rent in Wakefield, MA

Last updated: February 21, 2026

	Average Rent	Average Apartment Size
All Rentals	$2,500	914 sq. ft.
Studio	n/a	n/a
1 Bed	$2,283	825 sq. ft.
2 Beds	$2,949	1,096 sq. ft.
3 Beds	n/a	n/a

Wakefield, MA rent trends

Rental prices in Wakefield, MA have decreased by 6.23% over the past year. The average rent moved from $2,666 to $2,500.

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

The largest share of rentals in Wakefield, MA (67%) fall between $2,001-$2,500 per month. This suggests that most people succesfully find suitable apartments within this price.

Do most people rent or own in Wakefield, MA?

3,271 or 30% of the households in Wakefield, MA are renter-occupied while 7,795 or 70% are owner-occupied.

How Wakefield Compares to Other Cities

City	Average Rent
Wakefield	$2,500
Boston	$3,690
Fall River	$2,063
Worcester	$2,045
Cambridge	$3,706
Somerville	$3,452
Quincy	$2,778
Waltham	$3,129
New Bedford	$2,080
Weymouth Town	$2,507
Lowell	$2,266
Belmont	$2,895
Reading	$2,699
Arlington	$3,139
Burlington	$2,860
Lexington	$3,638
Lynnfield	$3,195
Swampscott	$3,267
Saugus	$2,848
Danvers	$2,772
Stoneham	$2,736

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.