
Cheap Apartments for Rent in the Preakness Neighborhood of Wayne, NJ from $900 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Preakness area of Wayne.


Manchester Village

Kings Arms Garden Apartments

Summer Hill Senior (55+).Apartments

67 Jersey St, Unit Apt 3

Total Monthly Price
264 Union Ave, Unit Ground Floor

110 W Broadway, Unit 1
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.

Total Monthly Price
58 Arlington Ave, Unit Basement

40 Broadway

Total Monthly Price
242 Union Ave, Unit FIRST FLOOR FRONT

49 Haledon Ave, Unit 3

Total Monthly Price
500 W Broadway, Unit First Floor

38 Mill St

Redwood Village
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.

191 Market St

Hamilton Square Residential

Colt Arms Apartments

Riverview Towers

76-78-78 Market St, Unit 2

76-78-78 Market St, Unit 1

Redwood Apartments Newly Constructed!
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.

Hinchliffe Residences Senior 55

Valley View Apartments

102 N 3rd St, Unit 2A

262 Grand St

286 N 6th St

541 Union Ave, Unit 2

78 N 5th St
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.

97 N 4th St, Unit 2

Riverview Towers
Preakness, Wayne, NJ Local Guide

How much does it cost to rent an apartment in Preakness?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Preakness Studio Apartments | $2,412 | $2,400 | $2,425 |
| Preakness 1 Bedroom Apartments | $2,503 | $1,450 | $3,215 |
| Preakness 2 Bedroom Apartments | $3,276 | $1,600 | $4,750 |
| Preakness 3 Bedroom Apartments | $2,959 | $2,000 | $4,830 |
| Preakness 4 Bedroom Apartments | $3,600 | $3,600 | $3,600 |
Browse Apartments in this Neighborhood
There are currently 30 rentals with your search options within a 3 mile radius of the Preakness Neighborhood of Wayne, NJ.
See all Apartments in WayneExplore Wayne
Preakness, Wayne, NJ Local Guide
- Nearby Wayne neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Preakness Apartments for Rent
 The cheapest available apartment rental in the Preakness area of Wayne, NJ is a 1 Bed unit found at Valley View Apartments priced from $1,673. Brooklawn Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,720. Here are the most affordable Preakness apartments for rent in Wayne, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Valley View Apartments | Type A | 1BR,1BA | $1,673 |
| Brooklawn Gardens | 1 Bed, 1 bath | 1BR,1BA | $1,720 |
| Kings Arms Garden Apartments | 1 bedroom | 1BR,1BA | $1,900 |
| Tudor Gardens | 1 Bed, 1 bath | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Preakness, NJ
As of June 08, 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 24 Don Bosco Ave Model at 24 Don Bosco Ave, Unit #2 starting at $2,600 with a $1.89 price per square foot in the Stoney Road neighborhood. Here is today’s list of the best values for Preakness apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 24 Don Bosco Ave, Unit #2 | 24 Don Bosco Ave | 2BR,1BA | $1.89 |
| 500 W Broadway, Unit First Floor | 500 W Broadway | 2BR,1BA | $1.44 |
| 265 Fairview Ave, Unit Fairview Ave | 265 Fairview Ave | 3BR,1BA | $2.42 |
| 44 Jasper St, Unit 1 | 44 Jasper St | 3BR,1BA | $1.96 |
| 264 Union Ave, Unit Ground Floor | 264 Union Ave | 1BR,1BA | $1.36 |
| Brooklawn Gardens | 2 Beds, 1 bath | 2BR,1BA | $2.18 |
| 242 Union Ave, Unit FIRST FLOOR FRONT | 242 Union Ave | 1BR,1BA | $1.60 |
| Valley View Apartments | Type A | 1BR,1BA | $2.14 |
| 58 Arlington Ave, Unit Basement | 58 Arlington Ave | 2BR,1BA | $2.29 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
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.
Pet Friendly LifestylePreakness, Wayne, NJ
Ranked #6
Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Preakness, Wayne, NJ
Fallon Elementary School
Wayne Valley High School
Anthony Wayne Middle School
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Central Wayne, NJ. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Preakness Apartments
How much is rent for a Cheap One Bedroom Preakness Apartment?
The lowest price for a Cheap One Bedroom Preakness Apartment is $1,673 at Valley View Apartments.
What is the lowest price for a Cheap Two Bedroom Preakness Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Preakness is starting from $2,175 at Brooklawn Gardens.
What is the most affordable Preakness Three Bedroom Apartment?
The best deal on a cheap Preakness Three Bedroom Apartment rental is at Shepherds Lane Commons and starts from $3,000.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.