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$1,6001 Bedroom Apartments Available Now
789 Black Oak Ridge Rd, Unit 1
789 Black Oak Ridge RdWayne, NJ 07470
Cheap Apartments for Rent in the Preakness Neighborhood of Wayne, NJ from $998 (30 Rentals)
Search the lowest-cost Apartments available for rent right now in the Preakness area of Wayne.
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Rent Specials
$1,820 - $2,1751 to 2 Bedroom Apartments Available Now
Brooklawn Gardens
4A Traphagen RdWayne, NJ 07470
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Rent Specials
$1,900 - $2,3001 to 2 Bedroom Apartments Available Now
Kings Arms Garden Apartments
48A Byrne CtWayne, NJ 07470
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1 to 2 Bedroom Apartments
Summer Hill Senior (55+).Apartments
2100 Summer Hill RdWayne, NJ 07470
97 Jersey St
PatersonNJ07501
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$1,550
Total Monthly Price
Base Rent$1,550
Total Monthly Price$1,550
18 Church St, Unit 3
18 Church StPaterson, NJ 07505
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$1,600
Total Monthly Price
Base Rent$1,600
Total Monthly Price$1,600
58 Arlington Ave, Unit Basement Apartment in Hillcrest Paterson
58 Arlington AvePaterson, NJ 07502
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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$1,626 - $2,1701 to 3 Bedroom Apartments Available Now
Mill Street Square
9 Mill StPaterson, NJ 07505
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$1,6501 Bedroom Apartments Available Now
49 Haledon Ave, Unit 3
49 Haledon AvePaterson, NJ 07522
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$1,650 - $2,350
Total Monthly Price
Base Rent$1,650 - $2,350
Total Monthly Price$1,650 - $2,350
44 King St
44 King StHaledon, NJ 07508
38 Mill St
PatersonNJ07501
92 Aberdeen Ct, Unit Apt 2
92 Aberdeen Ct
HaledonNJ07508
55 Hopper St
Prospect ParkNJ07508
57 Hopper St
Prospect ParkNJ07508
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.
346 Union Ave
PatersonNJ07502
75 Marshall St
PatersonNJ07501
150 N 7th St
PatersonNJ07522
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$1,9001 Bedroom Apartments Available Now
86 N 7th St, Unit 1
86 N 7th StPaterson, NJ 07522
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1 to 2 Bedroom Apartments
Redwood Village
311 Redwood AvePaterson, NJ 07522
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Studio to 2 Bedroom Apartments
191 Market St
191 Market StPaterson, NJ 07505
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1 to 3 Bedroom Apartments
Hamilton Square Residential
20 Mill StPaterson, NJ 07501
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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Studio to 1 Bedroom Apartments
Colt Arms Apartments
18-56 Godwin StPaterson, NJ 07501
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1 to 2 Bedroom Apartments
Riverview Towers
125-145 Presidential BlvdPaterson, NJ 07522
76-78-78 Market St, Unit 5
76-78-78 Market St
PatersonNJ07505
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Studio to 2 Bedroom Apartments
Redwood Apartments Newly Constructed!
208 Redwood AvePaterson, NJ 07522
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1 to 2 Bedroom Apartments
Valley View Apartments
149 Katz AvePaterson, NJ 07502
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Studio to 2 Bedroom Apartments
Hinchliffe Residences Senior 55
27 Jasper StPaterson, NJ 07522
81 Savoy Pl
Prospect ParkNJ07508
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.
38 Mill St
PatersonNJ07501
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1 to 2 Bedroom Apartments
Riverview Towers
85-105 Presidential BlvdPaterson, NJ 07522
Showing Results 1-30, Page 1 of 1
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 | $2,139 | $1,550 | $2,265 |
| Preakness 1 Bedroom Apartments | $2,367 | $1,500 | $3,297 |
| Preakness 2 Bedroom Apartments | $3,051 | $1,600 | $4,400 |
| Preakness 3 Bedroom Apartments | $2,745 | $1,995 | $4,925 |
| Preakness 4 Bedroom Apartments | $2,850 | $2,850 | $2,850 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 30 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 $1,713. Mill Street Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,816. 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 | $1,713 |
| Mill Street Square | One Bedroom (Income Minium and Maximum Apply) | 1BR,1BA | $1,816 |
| Brooklawn Gardens | 1 Bed, 1 bath | 1BR,1BA | $1,820 |
| Kings Arms Garden Apartments | 1 bedroom | 1BR,1BA | $1,900 |
| Manchester Village | 1 X 1 | 1BR,1BA | $1,960 |
| Haledon Estates Apartments | Low Rise One Bedroom | 1BR,1BA | $2,050 |
| Tudor Gardens | 1 Bed, 1 bath | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Preakness, NJ
As of September 07, 2026 the best value apartment in the Preakness area is the $1.41 price per square foot 193 Temple St Model at 193 Temple St, Unit First Floor in the in the Stoney Road neighborhood starting from $2,400. The second greatest value Preakness apartment is the Two Bedroom Model at Sunset Ridge at Totowa starting at $2,850 with a $1.73 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. |
|---|---|---|---|
| 193 Temple St, Unit First Floor | 193 Temple St | 3BR,1BA | $1.41 |
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 22 Wilson Ave, Unit Second Floor | 22 Wilson Ave | 3BR,1BA | $2.00 |
| 407 Main St, Unit 3 | 407 Main St | 3BR,1BA | $2.08 |
| 250 Union Ave, Unit First Floor | 250 Union Ave | 2BR,1BA | $2.17 |
| Hilltop Apartments of Totowa | 2 Bed / 1 Bath | 2BR,1BA | $2.32 |
| Brooklawn Gardens | 2 Beds, 1 bath | 2BR,1BA | $2.18 |
| 44 King St | 44 King St | 3BR,1BA | $2.35 |
| Valley View Apartments | Type A | 1BR,1BA | $2.19 |
| 58 Arlington Ave, Unit Basement Apartment in Hillcrest Paterson | 58 Arlington Ave | 2BR,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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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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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Quick Rent Budget Calculator
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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 LifestylePreakness, Wayne, NJ
Ranked #3
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
Fallon Elementary School
Wayne Township Public School District
Public School - Grades K-5 (370)
7 out of 10
Wayne Valley High School
Wayne Township Public School District
Public School - Grades 9-12 (1201)
5 out of 10
Anthony Wayne Middle School
Wayne Township Public School District
Public School - Grades 6-8 (617)
8 out of 10
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
What is the Cheapest Studio apartment in Preakness?
Currently the most affordable Cheap Studio Apartment in Preakness is at Avalon Wayne listed at $2,240.
How much is rent for a Cheap One Bedroom Preakness Apartment?
The lowest price for a Cheap One Bedroom Preakness Apartment is $1,713 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.
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
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.