Last updated
Average Rent in Wakefield 01880 & Rent Trends
Rent prices and market trends across 2 apartment communities in Wakefield 01880, Wakefield, MA. Updated daily.
Market Average
$2,878/mo
Lowest Available
$2,420/mo
cheapest unit on market
Communities
2
tracked daily
Units Listed
19
available now
Price Cuts This Week in Wakefield 01880
15 listed units across 2 buildings offering 1 bed units in Wakefield 01880 dropped their asking rent in the past 7 days, an average cut of $97/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Aster at the Summit | Unit 1 | $2,695 | $2,329 | $366 |
| The Basin Apartments | Unit 4277, B16B | $3,655 | $3,545 | $110 |
| The Basin Apartments | Unit 2111, B12P | $3,930 | $3,855 | $75 |
| The Basin Apartments | Unit 2307, B13-G2 | $4,255 | $4,180 | $75 |
| The Basin Apartments | Unit 2308, B13 | $3,825 | $3,750 | $75 |
| The Basin Apartments | Unit 2311, B12B | $4,355 | $4,280 | $75 |
| The Basin Apartments | Unit 3107, B1ap - G2 | $3,780 | $3,705 | $75 |
| The Basin Apartments | Unit 3113, B1aP | $3,955 | $3,880 | $75 |
Wakefield 01880 vs Wakefield, MA Average
Wakefield 01880 is cheaper than the Wakefield, MA average by $448/mo (13%). The citywide average is $3,326/mo across all neighborhoods.
Is Rent Going Up or Down in Wakefield 01880?
As of August 2026, the average rent in Wakefield 01880 is $2,878 per month across 2 apartment communities and 19 available units.
The most affordable option is The Basin Apartments starting at $2,420/mo. By unit type, a 1-bedroom averages $2,878/mo.
Prices range from $2,420 to $3,470 per month. The most common price point is the $2,600 range, where 6 units are currently listed.
Rent Price Distribution
Rent by Bedroom Type in Wakefield 01880
Rent Prices by Apartment in Wakefield 01880
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Basin Apartments | $2,420/mo | $2,916/mo | 17 | 4.9 |
| Aster at the Summit | $2,487/mo | $2,554/mo | 2 | 4.5 |
Frequently Asked Questions About Rent in Wakefield 01880
What is the average rent in Wakefield 01880?
Is rent going up or down in Wakefield 01880?
What is the cheapest apartment in Wakefield 01880?
How much is a 1-bedroom apartment in Wakefield 01880?
How many apartments are available in Wakefield 01880?
What salary do I need to live comfortably in Wakefield 01880?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$115,000/year
Based on the 30 percent rule, using our tracked average rent of $2,878/mo.
Comfortable income
$138,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($2,420/mo), you need to earn at least $97,000/year.
Median household income in Wakefield 01880 is $130,320 , about 6% below the comfortable-living threshold.
Cost of living in Wakefield 01880
Overall prices in Wakefield 01880 runs above the national average by about 10% (BEA Regional Price Parity index 110.4, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Wakefield 01880's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $2,878 |
| Utilities | $637 |
| Groceries | $544 |
| Transportation | $1,520 |
| Healthcare | $741 |
| Other goods and services | $1,186 |
| Estimated total | $7,506/mo |
Population
27,284
Median household income
$130,320
Census median rent
$1,872/mo
Rent as % of income
27.6%
Median age
42.9
Mean commute
32 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Google Search Trends for Wakefield 01880 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Wakefield 01880 Apartments
Browse all 2 communities with daily-updated pricing and availability.