• Renter Tools
    • Favorites
    • Saved Searches
  • Manage Rentals
  • Apartments For Rent
    • Colonial Heights Apartments For Rent
    • East Highland Park Apartments For Rent
    • Glen Allen Apartments For Rent
    • Henrico Apartments For Rent
    • Innsbrook Apartments For Rent
    • Midlothian Apartments For Rent
    • Montrose Apartments For Rent
    • North Chesterfield Apartments For Rent
    • Petersburg Apartments For Rent
    • Richmond Apartments For Rent
  • Houses For Rent
    • Chester Houses For Rent
    • Chesterfield Houses For Rent
    • Colonial Heights Houses For Rent
    • Dinwiddie Houses For Rent
    • East Highland Park Houses For Rent
    • Glen Allen Houses For Rent
    • Hopewell Houses For Rent
    • Midlothian Houses For Rent
    • North Chesterfield Houses For Rent
    • Petersburg Houses For Rent
  • Condos For Rent
    • Bellwood Condos For Rent
    • East Highland Park Condos For Rent
    • Glen Allen Condos For Rent
    • Henrico Condos For Rent
    • Hopewell Condos For Rent
    • Lakeside Condos For Rent
    • Laurel Condos For Rent
    • Lawrenceville Condos For Rent
    • Meadowbrook Condos For Rent
    • Midlothian Condos For Rent
  • Townhomes For Rent
    • Bon Air Townhomes For Rent
    • Brandermill Townhomes For Rent
    • Chesterfield Townhomes For Rent
    • Glen Allen Townhomes For Rent
    • Henrico Townhomes For Rent
    • Innsbrook Townhomes For Rent
    • Midlothian Townhomes For Rent
    • North Chesterfield Townhomes For Rent
    • Richmond Townhomes For Rent
    • Short Pump Townhomes For Rent
  • Help Center
  • Rent Calculator

Language

Apartments.com Logo
Manage Rentals      Sign Up / Sign In
Add a Property

Rental Market Trends in Wakefield, VA

What is the average rent in Wakefield, VA?

$636/month

Average Rent

601 Sq Ft

Average Apartment Size

+1.4%

Increase in the Last Year

As of June 2025, the average rent in Wakefield, VA is $636 per month. This is 61% lower than the national average rent of $1,626/month, making renting in Wakefield more affordable than most cities in the US. When you rent an apartment in Wakefield, you can expect to pay about per month for a studio, $636 for a one-bedroom apartment, and around $687 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $793 or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$636/month
601 Sq Ft
Two Bedroom
$687/month
780 Sq Ft
Three Bedroom
$793/month
1,034 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, VA?

In the past year, rent has increased by 1.4%, which averages out to $9 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
Market Trends Over Time
Rent Ranges in Wakefield, VA
Last Updated June 2025
Below $701
Most rental prices fall within this range
Rent Ranges in Wakefield, VA
Percentage*
Rent Range
100% Below $700/month
0% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Wakefield, VA?

Because the average rent in Wakefield is $636, you’ll want to make about $2,120 per month or $25,440 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.

City

Wakefield, VA

2 Available Apartments for Rent

Search for Nearby Apartments

How does Wakefield, VA compare to other nearby cities and neighborhoods?

Use the tool below to compare Wakefield, VA 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.

Apartment Averages

Apartment communities in Wakefield we think you'll love

9125 Braeburn Dr

9125 Braeburn Dr

9125 Braeburn Dr,
Wakefield, VA 22003

5 Beds | $3,900

518 Clay St

518 Clay St

518 Clay St,
Wakefield, VA 23888

3 Beds | $1,495

Forest Pine Apartments

Forest Pine Apartments

201 Forest Pine Rd,
Franklin, VA 23851

1-3 Beds | $1,000 - $1,275

Church Manor

Church Manor

513 Main St,
Smithfield, VA 23430

1-3 Beds | $782 - $984

Learn More with Helpful Articles

9 Money Saving Tips for Relocating

Save money and start fresh using these tips and tricks.

The Benefits of Renters Insurance

Better safe than sorry! Protect yourself(and your stuff) with renters insurance.

Non-Monetary Factors to Consider When Renting or Buying a Home

Money isn't the only matter.

How to Choose an Apartment Community You’ll Love

Avoid renter's remorse - know what to look for in your next apartment.

Explore the Renterverse

Rental management, simplified

Our all-in-one suite of property manangement software makes the rental process easy. Screen tenants, manage payments, and more – all on Apartments.com

Start managing your rentals
United States Virginia Wakefield Rental Trends

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.

  • About Us
  • Advertise
  • Legal Notices
  • Privacy Notice
  • Avoid Scams
  • Accessibility
  • Blog
  • Long Island Apartments
  • Sitemap
apartments.com
© 2025 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2025 CoStar Group, Inc.

Equal Housing Opportunity