Nexxus Apartments
105 Hopkins St,
Wakefield, MA 01880
1-2 Beds | $2,575 - $3,075
Rental Market Trends in Wakefield, MA
What is the average rent in Wakefield, MA?
$3,065/month
Average Rent
778 Sq Ft
Average Apartment Size
+2.6%
Increase in the Last Year
As of June 2025, the average rent in Wakefield, MA is $3,065 per month. This is 88% higher than the national average rent price of $1,627/month, making Wakefield one of the most expensive cities in the US. When you rent an apartment in Wakefield, you can expect to pay about $2,363 per month for a studio, $3,065 for a one-bedroom apartment, and around $3,699 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $4,899 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Wakefield, MA?
In the past year, rent has increased by 2.6%, which averages out to $80 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Wakefield, MA
Last Updated June 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
8%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
92%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Wakefield?
Based on current rent prices, Wakefield is the most affordable neighborhood in Wakefield.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Wakefield?
Based on current rent prices, Wakefield is the most expensive neighborhood in Wakefield.
Neighborhood
Average Rent
Average Sq Ft
Which Wakefield neighborhoods have the most rentals available?
The neighborhood in Wakefield with the most apartments available is Wakefield .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Wakefield, MA?
Because the average rent in Wakefield is $3,065, you’ll want to make about $10,216 per month or $122,592 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Wakefield, MA compare to other nearby cities and neighborhoods?
Use the tool below to compare Wakefield, MA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Studio
$2,339/month
$2,339/month
One Bedroom
$3,145/month
$3,145/month
Two Bedroom
$3,874/month
$3,874/month
Three Bedroom
$5,727/month
$5,727/month
Nearby City Rent Trends
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2025.
* Percentages may not total 100 due to rounding.