Cheap Apartments for Rent in Wayne, NJ from $900 (60 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 20 N 7th St

$2,000

3 Bedroom Rentals

Available Now

20 N 7th St

PatersonNJ07522
property at 54 Avenue C

$2,050

1 Bedroom, 1 Bath Home for Rent

Available Now

54 Avenue C

HaledonNJ07508
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Redwood Village
1 to 2 Bedroom Apartments

Redwood Village

311 Redwood AvePaterson, NJ 07522
  • Utilities Included
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Colt Arms Apartments
Studio to 1 Bedroom Apartments

Colt Arms Apartments

18-56 Godwin StPaterson, NJ 07501
Senior Living
  • Utilities Included
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Riverview Towers
1 to 2 Bedroom Apartments

Riverview Towers

125-145 Presidential BlvdPaterson, NJ 07522

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Pompton Lakes
1 to 2 Bedroom Apartments

Pompton Lakes

15 Broad StPompton Lakes, NJ 07442
  • Utilities Included
property at 58 Westervelt Ave

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

2 Bedroom, 1 Bath Home for Rent

Available Now

58 Westervelt Ave

HawthorneNJ07506
property at 58 Westervelt Ave

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700
Total Monthly Price
$1,700

2 Bedroom, 1 Bath Home for Rent

Available Now

58 Westervelt Ave

HawthorneNJ07506

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-50, Page 1 of 2

Wayne, NJ Local Guide

Cheapest Neighborhoods for Apartments in Wayne, NJ

Pricing Updated: 04/24/2026

Current apartment rentals in the Wayne, NJ area range in price from $1,250 to $10,000 with an overall median price of $4,387. The three Wayne neighborhoods with the lowest median rent pricing are Preakness at $1,250, Lionshead Lake at $1,650, and Packanack Lake at $1,720. Here is today’s list of the top 6 neighborhoods with the lowest median pricing for Wayne Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Preakness$3,600$1,25081
Lionshead Lake$4,545$1,65018
Packanack Lake$4,545$1,72077
Pines Lake$4,545$1,65027
Pompton Lake$4,545$1,65015
Toms Lake$4,545$1,65044

Cheapest Available Wayne Apartments for Rent

 

The cheapest available apartment rental in Wayne, NJ is a 1 Bed unit found at Valley View Apartments in the Stoney Road neighborhood priced from $1,606. Brooklawn Gardens in the Preakness neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,720. Here is today’s list of the most affordable Wayne apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Valley View ApartmentsType A1BR,1BA$1,606
Brooklawn Gardens1 Bed, 1 bath1BR,1BA$1,720
Mill Street SquareOne Bedroom (Income Minium and Maximum Apply)1BR,1BA$1,816
Brownstone and Main Union Apartments1x1 7201BR,1BA$1,875
Kings Arms Garden Apartments1 bedroom1BR,1BA$1,900
The VIEW at Fairfield55+ StudioStudio,1BA$2,000
Tudor Gardens1 Bed, 1 bath1BR,1BA$2,100

Best Value Apartments for Rent in Wayne, NJ

As of April 24, 2026 the best value apartment in the Wayne 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 Wayne apartment is the 230 Union Ave Model at 230 Union Ave, Unit 2nd Floor starting at $2,500 with a $1.59 price per square foot in the Stoney Road neighborhood. Here is today’s list of the best values for Wayne apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
230 Union Ave, Unit 2nd Floor230 Union Ave3BR,1BA$1.59
24 Don Bosco Ave, Unit Unit #224 Don Bosco Ave2BR,1BA$1.89
Berdan Court2BR/1BA2BR,1BA$2.54
680 Belmont Ave, Unit #2680 Belmont Ave1BR,1BA$1.90
242 Union Ave, Unit FIRST FLOOR FRONT242 Union Ave1BR,1BA$1.60
Brooklawn Gardens2 Beds, 1 bath2BR,1BA$2.18
25 Oxford St25 Oxford St3BR,1BA$2.33
33 Cliff St, Unit 233 Cliff St2BR,2BA$2.44
Valley View ApartmentsType A1BR,1BA$2.05

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Wayne, NJ

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Frequently Asked Questions about Cheap Wayne Apartments

What is the price of a cheap apartment in Wayne?

The cheapest apartment in Wayne is Valley View Apartments which is listed at $1,606, while the average apartment in Wayne costs $4,387.

What types of apartments are the cheapest in Wayne?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 3 regular apartments in Wayne that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Wayne?

Cheap apartments in Wayne have an average cost of $1,666 which is $2,721 cheaper than the average rent for all rentals in Wayne.

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 Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.