Rent in Wakefield, RI
Across Wakefield's 2 ZIP codes, a 2-bedroom typically rents for about $1,688 a month, with figures from $1,497–$1,879. The highest typical rent is in 02880 ($1,879) and the lowest in 02879 ($1,497). 1 ZIP has ZIP-level figures from HUD or Census; the other 1 uses the county Fair Market Rent. Owner-occupied homes in Washington County pay about 1.00% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.24% in the week of Oct 29, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $1,239 | $1,055–$1,423 | 2 |
| 1 bed | $1,201 | $893–$1,509 | 2 |
| 2 beds | $1,688 | $1,497–$1,879 | 2 |
| 3 beds | $2,302 | $2,302 | 2 |
| 4 beds | $2,615 | $2,615 | 2 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Wakefield ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Wakefield, RI?
- About $1,688 a month: the median of the typical rents in 2 ZIP codes, which range from $1,497–$1,879. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Wakefield, RI?
- About $1,201 a month: the median of the typical rents in 2 ZIP codes, which range from $893–$1,509. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Wakefield, RI?
- About $2,302 a month: the median of the typical rents in 2 ZIP codes, which range from $2,302. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Wakefield, RI?
- About $1,239 a month: the median of the typical rents in 2 ZIP codes, which range from $1,055–$1,423. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Wakefield, RI?
- About $2,615 a month: the median of the typical rents in 2 ZIP codes, which range from $2,615. Figures are gross rent (rent plus tenant-paid utilities).
- Which Wakefield ZIP code has the highest rent?
- For a 2-bedroom, 02880 has the highest typical rent at $1,879 a month, and 02879 the lowest at $1,497.
- What is the property tax rate in Wakefield, RI?
- Owner-occupied homes in Washington County pay a typical 1.00% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.24% in the week of Oct 29, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Wakefield rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).