Cheap Apartments for Rent in the Preakness Neighborhood of Wayne, NJ from $900 (15 Rentals)

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

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Redwood Village
1 Bedroom Apartments

Redwood Village

311 Redwood AvePaterson, NJ 07522
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191 Market St
1 to 2 Bedroom Apartments

191 Market St

191 Market StPaterson, NJ 07505
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Colt Arms Apartments
Studio to 1 Bedroom Apartments

Colt Arms Apartments

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

Riverview Towers

125-145 Presidential BlvdPaterson, NJ 07522
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Riverview Towers
1 to 2 Bedroom Apartments

Riverview Towers

85-105 Presidential BlvdPaterson, NJ 07522
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
324,339 and 431 Broadway339 BroadwayStudio,1BA$1,150
Valley View ApartmentsType A1BR,1BA$1,609
261 Marshall St203/2041BR,1BA$1,800
Mill Street Square - 3318One Bedroom 80%1BR,1BA$1,816
Beaver Brook GardensLinden Junior 1 Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
Hilltop Apartments of Totowa2 Bed / 2 Bath2BR,2BA$2.40
Molly Brook on BelmontRiverton2BR,2BA$2.66
Berdan Court2BR/1BA2BR,1BA$2.63
18 N 7th St, Unit 118 N 7th St3BR,1BA$2.35
680 Belmont Ave, Unit #2680 Belmont Ave1BR,1BA$2.00
Manchester Village1 X 11BR,1BA$2.47
261 Marshall St203/2041BR,1BA$2.57
Valley View ApartmentsType A1BR,1BA$2.34
324,339 and 431 Broadway339 BroadwayStudio ,1BA$2.67

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Pet Friendly Lifestyle
Preakness, Wayne, NJ

Ranked #6

Among neighborhoods in Wayne, NJ for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

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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.

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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.

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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.

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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.