Cheap Apartments for Rent near Preakness, NJ from $1,275 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in Preakness.

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Showing Results 1-21, Page 1 of 1

Cheapest Available Preakness Apartments for Rent and Nearby

 

The cheapest available apartment rental in Preakness, NJ is a Studio unit found at 324,339 and 431 Broadway in the Stoney Road neighborhood priced from $1,275. Mill Street Square in the Stoney Road neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,626. Here is today’s list of the most affordable Preakness apartments for rent:

Apartment ListingModel NameBed/BathPriced From
324,339 and 431 Broadway431 BroadwayStudio,1BA$1,275
Mill Street SquareOne Bedroom/1 bath (Grandparents Raising Grandchil1BR,1BA$1,626
Brooklawn Gardens1 Bed, 1 bath1BR,1BA$1,820
Brownstone and Main Union Apartments1x1 7201BR,1BA$1,875
Kings Arms Garden Apartments1 bedroom1BR,1BA$1,900

Best Value Apartments for Rent in Preakness, NJ and Nearby

As of August 22, 2026 the best value apartment in the Preakness area is the $1.73 price per square foot Two Bedroom Model at Sunset Ridge at Totowa in the in the Totowa neighborhood starting from $2,850. The second greatest value Preakness apartment is the 2 Bed / 1 Bath Model at Hilltop Apartments of Totowa starting at $2,650 with a $2.32 price per square foot in the Montclair Heights neighborhood. Here is today’s list of the best values for Preakness apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
Hilltop Apartments of Totowa2 Bed / 1 Bath2BR,1BA$2.32
325 Union Blvd2 Bed / 1 Bath2BR,1BA$2.50
Manchester Village2 X 12BR,1BA$2.38
Brooklawn Gardens2 Beds, 1 bath2BR,1BA$2.18
Brownstone and Main Union Apartments2x1 9102BR,1BA$2.64
Berdan Court1BR/1BA1BR,1BA$2.73
Tudor Gardens1 Bed, 1 bath1BR,1BA$2.63
Westmount Village$2.76/sq.ft. - One Bedroom1BR,1BA$2.76
Mill Street SquareOne Bedroom/1 bath (Grandparents Raising Grandchil1BR,1BA$2.70

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.