Cheap Homes for Rent in Preakness Neighborhood of Wayne, NJ from $1,500 (11 Rentals)

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

property at 275 Main St

275 Main St

PatersonNJ07505

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.

property at 275 Main St

275 Main St, Unit 3

275 Main St
PatersonNJ07505
property at 275 Main St

275 Main St, Unit 4

275 Main St
PatersonNJ07505
property at 275 Main St

275 Main St, Unit 5

275 Main St
PatersonNJ07505

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

property at 256 N 4th St

256 N 4th St

PatersonNJ07522
property at 256 N 4th St

256 N 4th St

PatersonNJ07522

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 - 3318 priced from $1,816. Manchester Village has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,900. Here are the most affordable Preakness apartments for rent in Wayne, NJ:

Apartment ListingModel NameBed/BathPriced From
Mill Street Square - 3318One Bedroom 80%1BR,1BA$1,816
Manchester Village1 X 11BR,1BA$1,900
Kings Arms Garden Apartments1 bedroom1BR,1BA$2,000
261 Marshall St205/2062BR,1BA$2,250
The Manor at Totowa1 Bed / 1 Bath1BR,1BA$2,300

Best Value Apartments for Rent in Preakness, NJ

As of August 26, 2025 the best value apartment in the Preakness area is the $1.71 price per square foot JASON LANE Model at Belmont Estates Townhomes in the in the Preakness neighborhood starting from $4,800. The second greatest value Preakness apartment is the BT4-D-Signature Model at Avalon Wayne starting at $4,440 with a $2.61 price per square foot in the Preakness 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.
Belmont Estates TownhomesJASON LANE3BR,2.5BA$1.71
Avalon WayneBT4-D-Signature2BR,2.5BA$2.61
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
75 Jersey St, Unit 75 B75 Jersey St2BR,1BA$1.57
112 Jackson Ave, Unit 1112 Jackson Ave1BR,1BA$1.54
232 Haledon Ave, Unit 3232 Haledon Ave1BR,1BA$1.45
294 Union Ave, Unit ground floor294 Union Ave2BR,1BA$1.90
261 Marshall St205/2062BR,1BA$2.31
142 Maple Ave, Unit 2142 Maple Ave2BR,1BA$2.67
Manchester Village1 X 11BR,1BA$2.24

Quick Rent Budget Calculator

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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 Preakness

What type of rentals are currently available in Preakness?

There are currently 200 Apartments for Rent in Preakness, NJ with pricing that ranges from $1,450 to $5,355. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preakness ranging from $1,500 to $4,900.

What is the current price range for Rental Homes in Preakness?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Preakness ranges from $1,500 to $4,900 with an average monthly rent of $2,832.

How much are larger Three and Four Bedroom Rentals in Preakness?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Preakness range from $1,800 to $5,355, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $4,900. Four Bedroom Single-Family rentals are also available starting from $3,700 and Four Bedroom Apartments start at $2,250.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.