
Cheap Apartments for Rent in the Preakness Neighborhood of Wayne, NJ from $900 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Preakness area of Wayne.


97 Market St

23 Pompton Rd

78 Market St

78 Market St

Total Monthly Price
194 Mill St
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275 Main St

Total Monthly Price
242 Union Ave

268 McBride Ave

Redwood Village

191 Market St

Hamilton Square Residential
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Colt Arms Apartments

Riverview Towers

Valley View Apartments

Riverview Towers

Redwood Apartments Newly Constructed!

Hinchliffe Residences Senior 55
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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 | $2,230 | $1,375 | $2,375 |
| Preakness 1 Bedroom Apartments | $2,492 | $1,300 | $3,158 |
| Preakness 2 Bedroom Apartments | $3,254 | $1,700 | $4,695 |
| Preakness 3 Bedroom Apartments | $2,845 | $1,800 | $4,545 |
Browse Apartments in this Neighborhood
There are currently 18 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
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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 $1,530. 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 | $1,530 |
| Brooklawn Gardens | 1 Bed, 1 bath | 1BR,1BA | $1,720 |
| Mill Street Square | One Bedroom (Income Minium and Maximum Apply) | 1BR,1BA | $1,816 |
| Kings Arms Garden Apartments | 1 bedroom | 1BR,1BA | $1,900 |
| Berdan Court | 1BR/1BA | 1BR,1BA | $1,995 |
Best Value Apartments for Rent in Preakness, NJ
As of March 09, 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 194 Mill St Model at 194 Mill St starting at $1,700 with a $1.28 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 |
| 194 Mill St | 194 Mill St | 2BR,1BA | $1.28 |
| 23-25 Albion Ave | 23-25 Albion Ave | 3BR,1BA | $1.50 |
| 195 Preakness Ave, Unit 3 | 195 Preakness Ave | 3BR,1BA | $1.63 |
| 325 Union Blvd | 2 Bed / 1 Bath | 2BR,1BA | $2.42 |
| Berdan Court | 2BR/1BA | 2BR,1BA | $2.54 |
| Brooklawn Gardens | 2 Beds, 1 bath | 2BR,1BA | $2.18 |
| 242 Union Ave | 242 Union Ave | 1BR,1BA | $1.60 |
| 142 Maple Ave, Unit 2 | 142 Maple Ave | 2BR,1BA | $2.56 |
| Valley View Apartments | Type A | 1BR,1BA | $1.96 |
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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
Lafayette Elementary School
Wayne Valley High School
Anthony Wayne Middle School
School data provided by Great Schools
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 $1,530 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.
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

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.

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.