Harbor Village at the Commons
1 Grand Isle Dr,
Wakefield, RI 02879
1-2 Beds | $2,755 - $3,251
Rental Market Trends in Wakefield, RI
Updated August 2026
The average rent in Wakefield, RI is $2,741/month.
Rent in Wakefield is 65% higher than the national average rent of $1,664/month, making this one of the more expensive cities statewide.
$2,741/month
Average Rent
880 Sq Ft
Average Size
+11.4%
Change / Year
13
Available Apartments
Wakefield rent varies by unit size and layout:
- Studio apartments in Wakefield average per month.
- One-bedroom apartments in Wakefield average $2,741 per month.
- Two-bedroom apartments in Wakefield average $2,992 per month.
- Three-bedroom apartments in Wakefield average or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Wakefield, RI?
In the past year, rent has increased by 11.4%, which averages out to $313 more per month.
Market Trends Over Time
August 2026
2025
2026
Rent Ranges in Wakefield, RI
August 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
What salary do I need to live comfortably in Wakefield, RI?
Because the average rent in Wakefield is $2,741, you’ll want to make about $9,136 per month or $109,632 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.
View the Wakefield Area GuideCompare Rent Trends Nearby
Get a clearer picture of the area by viewing rent trends in nearby cities.
Apartment Communities in Wakefield We Think You'll Love
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Frequently Asked Questions
What is the average rent in Wakefield?
The average rent in Wakefield is $2,741 per month, which is 64.7% higher than the national average of $1,664.
Are rents going up or down in Wakefield?
Rents in Wakefield, RI are increasing, with prices up 11.4% year-over-year and $313 more per month.
What rent range is most common in Wakefield?
In Wakefield, RI, 100% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.
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 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.