Cheap Apartments for Rent in the Preakness Neighborhood of Wayne, NJ from $900 (18 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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194 Mill St
$1,500 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $1,700

Total Monthly Price
$1,500 - $1,700
1 to 2 Bedroom Apartment Available Now

194 Mill St

194 Mill StPaterson, NJ 07501
Cost Per Sq.Ft.

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242 Union Ave
$1,600 - $2,200
Total Monthly Price

Total Monthly Price

Base Rent
$1,600 - $2,200

Total Monthly Price
$1,600 - $2,200
1 to 3 Bedroom Apartment Available Now

242 Union Ave

242 Union AvePaterson, NJ 07502
Cost Per Sq.Ft.
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Redwood Village
1 to 2 Bedroom Apartments

Redwood Village

311 Redwood AvePaterson, NJ 07522
  • Utilities Included
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191 Market St
Studio to 2 Bedroom Apartments

191 Market St

191 Market StPaterson, NJ 07505
  • Utilities Included

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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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
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Riverview Towers
1 to 2 Bedroom Apartments

Riverview Towers

85-105 Presidential BlvdPaterson, NJ 07522
  • Utilities Included

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.

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 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 ListingModel NameBed/BathPriced From
Valley View ApartmentsType A1BR,1BA$1,530
Brooklawn Gardens1 Bed, 1 bath1BR,1BA$1,720
Mill Street SquareOne Bedroom (Income Minium and Maximum Apply)1BR,1BA$1,816
Kings Arms Garden Apartments1 bedroom1BR,1BA$1,900
Berdan Court1BR/1BA1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
194 Mill St194 Mill St2BR,1BA$1.28
23-25 Albion Ave23-25 Albion Ave3BR,1BA$1.50
195 Preakness Ave, Unit 3195 Preakness Ave3BR,1BA$1.63
325 Union Blvd2 Bed / 1 Bath2BR,1BA$2.42
Berdan Court2BR/1BA2BR,1BA$2.54
Brooklawn Gardens2 Beds, 1 bath2BR,1BA$2.18
242 Union Ave242 Union Ave1BR,1BA$1.60
142 Maple Ave, Unit 2142 Maple Ave2BR,1BA$2.56
Valley View ApartmentsType A1BR,1BA$1.96

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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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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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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Pet Friendly Lifestyle
Preakness, Wayne, NJ

Ranked #6

Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

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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.

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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.

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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.

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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.