Low Income Apartments and Affordable Housing For Rent in Wakefield, MA

Discover affordable housing in Wakefield where there are 5+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Colonial Point

95 Audubon Rd, Wakefield, Massachusetts 01880


26 Crescent St, Wakefield, Massachusetts 01880

Arbor at Wakefield

40 Court St, Wakefield, Massachusetts 01880

Crystal View Apartments

101 Broadway St, Wakefield, Massachusetts 01880

Wakefield Senior Housing

50 Harts Hill Rd, Wakefield, Massachusetts 01880

Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

calendar_today Opened: Jan 6
Open Until Further Notice

Reported On February 23rd, 2024 by Nathan Brunet

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Wakefield, Massachusetts
$38.54 (+257%) more than Massachusetts minimum wage and $46.29 (+639%) more than the Federal minimum wage.
Learn More About Wakefield, Massachusetts Affordable Housing ↓

What HUD offices serve Wakefield, Massachusetts?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Wakefield, Massachusetts.
Operates the Section 8 Housing Choice Voucher (HCV), Moving to Work programs for Wakefield, Massachusetts.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Wakefield, Massachusetts.

Go to the Massachusetts Public Housing and Low-Income Apartments Waiting Lists page for openings near Wakefield.

How many renters live in Wakefield, Massachusetts?

The City of Wakefield has 27,054 people living in 10,888 households.

There are 5,802 renters living in 3,114 renter households in this City. Renters make up 21.45 percent of the population living in Wakefield.

What is the rental market like in Wakefield, Massachusetts?

There are an estimated 11,335 housing units in the Wakefield area. Of these, 3,184 units are rental homes, making up 28 percent of the housing market. For every renter household in Wakefield, Massachusetts, there are 1 rental units.

What is the vacancy rate for rentals in Wakefield?

The rental vacancy rate in Wakefield is 1 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Wakefield for each bedroom size?

Occupied Rental Units by Size in Wakefield
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
146 1,195 1,266 471 25
Occupied Rental Units by Size in Wakefield

A large number of apartments in Wakefield have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Wakefield are overburdened by housing costs?

Among renter households in this market, 45 percent have housing cost burden. Further, 23 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Wakefield

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $2,212 to $3,765. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $2,212
One BR $2,377
Two BR $2,827
Three BR $3,418
Four BR $3,765
2024 Fair Market Rents in Wakefield, Massachusetts

How many units are rented at Fair Market Rent (FMR) in Wakefield?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 123 84 percent
One BR 676 57 percent
Two BR 180 14 percent
Rental Units Below FMR in Wakefield, Massachusetts

How many affordable rental units are in Wakefield?

There are a variety of federal affordable housing programs serving households in Wakefield, Massachusetts including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 50
Public Housing 40
Section 8 Project-Based Rental Assistance 69
Section 202 Supportive Housing for the Elderly 22
Tracked Units by Federal Program in Wakefield, Massachusetts

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Wakefield, Massachusetts

Wakefield features 264 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Wakefield, Massachusetts

There are 90 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Wakefield.

Housing Choice Vouchers in Wakefield, Massachusetts

On average, Section 8 Housing Choice vouchers pay Wakefield landlords $1,100 per month towards rent. The average voucher holder contributes $500 towards rent in Wakefield.

The maximum amount a voucher would pay on behalf of a low-income tenant in Wakefield, Massachusetts for a two-bedroom apartment is between $2,544 and $3,110.

Sourced from federal housing data and AffordableHousingOnline.com research.