Cheap Apartments for Rent in the Preakness Neighborhood of Wayne, NJ from $900 (50 Rentals)

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

property at 203 Brittany Dr

$1,940

Total Monthly Price

Total Monthly Price

Base Rent
$1,940
Total Monthly Price
$1,940

1 Bedroom, 1 Bath Condo for Rent

Available Now

203 Brittany Dr, Unit 203

203 Brittany Dr
WayneNJ07470

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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property at 38 Mill St

$1,650 - $1,850

1 To 2 Bedroom Rentals

Available Now

38 Mill St

PatersonNJ07501
property at 90 Rossiter Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000
Total Monthly Price
$2,000

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

90 Rossiter Ave

PatersonNJ07502

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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
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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

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.

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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
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339 Union Blvd
1 to 2 Bedroom Apartments

339 Union Blvd

339 Union BlvdTotowa, NJ 07512
  • Utilities Included

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.

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Showing Results 1-50, Page 1 of 1

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 Mill Street Square priced from $1,626. Valley View Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,673. Here are the most affordable Preakness apartments for rent in Wayne, NJ:

Apartment ListingModel NameBed/BathPriced From
Mill Street SquareOne Bedroom/1 bath (Grandparents Raising Grandchil1BR,1BA$1,626
Valley View ApartmentsType A1BR,1BA$1,673
Brooklawn Gardens1 Bed, 1 bath1BR,1BA$1,820
Kings Arms Garden Apartments1 bedroom1BR,1BA$1,900
Manchester Village1 X 11BR,1BA$1,960
Tudor Gardens1 Bed, 1 bath1BR,1BA$2,100
Berdan Court1BR/1BA1BR,1BA$2,195
Shepherds Lane CommonsThe Union1BR,1BA$2,215
Mountain View Crossing1 Bed I 1 Bath - A2 - R11BR,1BA$2,256

Best Value Apartments for Rent in Preakness, NJ

As of July 23, 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 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
24 Don Bosco Ave, Unit Unit #224 Don Bosco Ave2BR,1BA$1.89
4 Brown Ave, Unit Brown Ave4 Brown Ave4BR,1.5BA$2.08
Hilltop Apartments of Totowa2 Bed / 1 Bath2BR,1BA$2.32
325 Union Blvd2 Bed / 1 Bath2BR,1BA$2.50
Manchester Village2 X 12BR,1BA$2.38
Brooklawn Gardens2 Beds, 1 bath2BR,1BA$2.18
Haledon Estates ApartmentsGarden Two Bedroom w/Den2BR,1BA$2.51
Valley View ApartmentsType A1BR,1BA$2.14
58 Arlington Ave, Unit Basement Apartment in Hillcrest Paterson58 Arlington Ave2BR,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.

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Real 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.

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Pet Friendly Lifestyle
Preakness, Wayne, NJ

Ranked #1

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Preakness, Wayne, NJ

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 $1,626 at Mill Street Square.

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.

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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.