Cheap Apartments for Rent in the Preakness Neighborhood of Wayne, NJ from $900 (15 Rentals)
Search the lowest-cost Apartments available for rent right now in the Preakness area of Wayne.

324,339 and 431 Broadway

103 Belmont Ave

139 Fairview Ave
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268 McBride Ave
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.
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.
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 | $1,687 | $1,275 | $2,450 |
Preakness 1 Bedroom Apartments | $2,481 | $1,435 | $3,095 |
Preakness 2 Bedroom Apartments | $3,465 | $1,250 | $4,950 |
Preakness 3 Bedroom Apartments | $3,967 | $2,350 | $5,560 |
Browse Apartments in this Neighborhood
There are currently 15 rentals with your search options within a 3 mile radius of the Preakness Neighborhood of Wayne, NJ.
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Preakness, Wayne, NJ Local Guide
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Cheapest Available Preakness Apartments for Rent
 The cheapest available apartment rental in the Preakness area of Wayne, NJ is a Studio unit found at 324,339 and 431 Broadway priced from $1,150. Valley View Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,609. Here are the most affordable Preakness apartments for rent in Wayne, NJ:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
324,339 and 431 Broadway | 339 Broadway | Studio,1BA | $1,150 |
Valley View Apartments | Type A | 1BR,1BA | $1,609 |
261 Marshall St | 203/204 | 1BR,1BA | $1,800 |
Mill Street Square - 3318 | One Bedroom 80% | 1BR,1BA | $1,816 |
Beaver Brook Gardens | Linden Junior 1 Bedroom | 1BR,1BA | $1,950 |
Best Value Apartments for Rent in Preakness, NJ
As of June 12, 2025 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 Stoney Road neighborhood starting from $2,850. The second greatest value Preakness apartment is the 2 Bed / 2 Bath Model at Hilltop Apartments of Totowa starting at $3,000 with a $2.40 price per square foot in the Totowa 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 |
Hilltop Apartments of Totowa | 2 Bed / 2 Bath | 2BR,2BA | $2.40 |
Molly Brook on Belmont | Riverton | 2BR,2BA | $2.66 |
Berdan Court | 2BR/1BA | 2BR,1BA | $2.63 |
18 N 7th St, Unit 1 | 18 N 7th St | 3BR,1BA | $2.35 |
680 Belmont Ave, Unit #2 | 680 Belmont Ave | 1BR,1BA | $2.00 |
Manchester Village | 1 X 1 | 1BR,1BA | $2.47 |
261 Marshall St | 203/204 | 1BR,1BA | $2.57 |
Valley View Apartments | Type A | 1BR,1BA | $2.34 |
324,339 and 431 Broadway | 339 Broadway | Studio ,1BA | $2.67 |
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Pet Friendly LifestylePreakness, Wayne, NJ
Ranked #6
Among neighborhoods in Wayne, NJ for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Preakness, Wayne, NJ
Lafayette 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 $1,609 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 $2,170 at Mill Street Square - 3318.
What is the most affordable Preakness Three Bedroom Apartment?
The best deal on a cheap Preakness Three Bedroom Apartment rental is at 261 Marshall St and starts from $2,700.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.