Harbor Village at the Commons
1 Grand Isle Dr,
Wakefield, RI 02879
$2,325 - $3,678
1-2 Beds
Rental Market Trends in Wakefield, RI
What is the average rent in Wakefield, RI?
$2,521/month
Average Rent
880 Sq Ft
Average Apartment Size
+6.4%
Increase in the Last Year
As of March 2026, the average rent in Wakefield, RI is $2,521 per month. This is 55% 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 per month for a studio, $2,521 for a one-bedroom apartment, and around $2,788 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.
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Floor Plan Type
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How much has average rent changed in Wakefield, RI?
In the past year, rent has increased by 6.4%, which averages out to $161 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 March 2026
Legend
2025
2026
Rent Ranges in Wakefield, RI
Last Updated March 2026
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
0%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
100%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Wakefield?
Based on current rent prices, The Preserve at South County Commons 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, The Preserve at South County Commons 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 The Preserve at South County Commons .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Wakefield, RI?
Because the average rent in Wakefield is $2,521, you’ll want to make about $8,403 per month or $100,836 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, RI compare to other nearby cities and neighborhoods?
Use the tool below to compare Wakefield, RI 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.
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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 February 2026.
* Percentages may not total 100 due to rounding.