Zumper
modified
5+ Days Ago

Highlights

  • Pet Friendly
  • Keyless entry
  • Private conference room
  • Quartz countertops
  • Open concept kitchens
  • Stainless-steel appliances
  • 24-hr fitness room

Location

581 Salem St, Wakefield, MA 01880, USA
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Contact

Management

CPS Management LLC

Leasing office

(781) 779-4816

Property Overview

The Residence at 581 Salem St receives a strong Zumper expert rating of 8.8, complemented by a price rating of 10, highlighting its competitive pricing for high-quality amenities such as keyless entry and a 24-hour fitness room. With an impressive amenities rating of 10 and a location rating of 9, the property offers excellent access to transportation and essential services, all while maintaining transparency with a trustworthiness rating of 7. Additionally, the property is noted for its pet-friendly features, supported by nearby supply stores and a veterinary facility.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

8.8
Very Good
With a solid 8.8 out of 10 overall, The Residence at 581 Salem St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Residence at 581 Salem St has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • High school nearby
  • More space
  • Dishwasher

Great for

  • Pet owners

Floor plans

1BR/1.0BA1 bed1 bath800 sqft$2,850 /mo1 unit availableIf you enjoy comfort and convenience, you have found the right home. 581 Salem St is now offering newly constructed large luxury apartment homes with best in class fit and finish. The Residence at 581 Salem St offer contemporary-modern floor plans featuring open concept kitchens with quartz countertops and stainless-steel appliances, as well as in unit washer/dryer. Specifically designed with energy efficiency in mind, each apartment home will offer multizone heating and cooling with modern technology built in and around the community. Easy access to 95, Commuter Rail, Market Streeting Shopping, Trails, Golf and more.
2BR/2.0BA2 bed2 bath1,000+ sqft$3,200–$3,250 /mo2 units availableIf you enjoy comfort and convenience, you have found the right home. 581 Salem St is now offering new constructed large luxury apartment homes with best in class fit and finish. The Residence at 581 Salem St offer contemporary-modern floor plans featuring open concept kitchens with quartz countertops and stainless-steel appliances, as well as in unit washer/dryer. Specifically designed with energy efficiency in mind, each apartment home will offer multizone heating and cooling with modern technology built in and around the community. Easy access to 95, Commuter Rail, Market Streeting Shopping, Trails, Golf and more.

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Amenities for The Residence at 581 Salem St

Apartment Amenities

Energy EfficientHardwood Floor
Quartz Countertop

Appliances

DishwasherFridge
In-Unit LaundryMicrowave
RangeRefrigerator
Stainless Steel AppliancesStove
Washer and Dryer

Building

Cats OKConference Room
Dogs OKElevator
EV ChargingFitness Center
Package Room

Grounds

Off-Street Parking

Services

Multi Zone Heating and CoolingPackage Service
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Questions about this property’s policies and fees?

Building details

Property details

Units19
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About The Residence at 581 Salem St

HomeApartments in Wakefield The Residence at 581 Salem St

If you enjoy comfort and convenience, you have found the right home. The Residence at 581 Salem St is now offering large new luxury apartment homes with best in class fit and finish. The Salem St apartments offer contemporary-modern floor plans featuring open concept kitchens with quartz countertops and stainless-steel appliances. Specifically designed with energy efficiency in mind, each apartment home will offer multizone heating and cooling with modern technology built in and around the community such as keyless entry, digital intercom system and app enabled home implements. Community amenities you can look forward to include 24-hr fitness room, private conference room and package room just to name a few. Easy access to 95, Commuter Rail, Market Street Shopping Plaza, Trails, and Lake Quannapowitt.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.8
/10
Very Good
With a solid 8.8 out of 10 overall, The Residence at 581 Salem St is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Residence at 581 Salem St has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
How we rated The Residence at 581 Salem St
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
The Residence at 581 Salem St offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
The Residence at 581 Salem St stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Residence at 581 Salem St is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While The Residence at 581 Salem St does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The Residence at 581 Salem St provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

The Residence at 581 Salem St is great for:

Pet owners

  • 3 pet supply stores near the property
  • 1 pet hospital in the area

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How The Residence at 581 Salem St compares to other nearby properties.

Positives

High school nearby
There is a high school 1 mile away
More space
The 1-bedroom is 255 sqft larger than other listings nearby
Dishwasher
Dishwasher available in kitchen
Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this address
Package service
More secure storage for delivery

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Rent trends in Wakefield

1-bedroom apartments here are priced about the same as 1-bedrooms in Wakefield.

If you decide to upgrade your space, you can expect 2-bedrooms at The Residence at 581 Salem St to be 8% less than the average for similarly sized apartments in Wakefield.

Median rents as of Mar 14 2026.
Wakefield
A table of studio rental data trends in Wakefield
MonthMedian Rent
September 2025$2,645
October 2025$2,645
November 2025$2,582
December 2025$2,482
January 2026$2,375
February 2026$2,470
March 2026$2,576

Affordability calculator

Can I afford to live at 581 Salem St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$114,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $114,000 annually to afford this 1-bedroom monthly rent price of $2,850.
For more information on rent affordability, visit our rent calculator.

Schools near The Residence at 581 Salem St

Woodville School

30 farm st

wakefield, MA, 1880

PK, K-4Public
B+

Early Childhood Center at the Doyle School

11 paul ave

wakefield, MA, 1880

PKPublic

Belmonte STEAM Academy

25 dow st

saugus, MA, 1906

2-5Public
B-

Peabody Personalized Remote Education Program

210 andover st

peabody, MA, 1960

K-12Public

Early Childhood Center

90 commercial st

lynn, MA, 1905

PKPublic
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Internet available near The Residence at 581 Salem St

Getting around Wakefield near 581 Salem St

Walking

4/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Cycling

5/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

0/10
FYI, there are little to no public transit options within walking distance.

Points of interest for 581 Salem St, Wakefield

Groceries

2/10
No grocery stores within walking distance

Shopping

5/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

1/10
No high schools within a 30-minute walk

Parks

8/10
Large amount of park space nearby

Nightlife

3/10
Few or no bars within walking distance

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