
Cheap Homes for Rent in the Preakness Neighborhood of Wayne, NJ from $1,800 (19 Rentals)
Search the lowest-cost Homes available for rent right now in the Preakness area of Wayne.


148 Clinton St, Unit 2

49 Haledon Ave, Unit 3

78 N 5th St

7 Belmont Ave

86 N 7th St, Unit 1
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.

203 Brittany Dr, Unit 203

19 Linda Vista Ave

944 Hamburg Tpke

19 White St

90 Rossiter Ave

67 Market St, Unit 303
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.

334 Redwood Ave, Unit 1st Floor

59 Broadway

359 Belmont Ave

17 Manchester Ct

194 Sherman Ave

42 Newby Ave
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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.

1267B Valley Rd, Unit Manchester Village II
Preakness, Wayne, NJ Local Guide

How much does it cost to rent a home in Preakness?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Preakness 2 Bedroom Homes for Rent | $2,450 | $1,800 | $3,250 |
| Preakness 3 Bedroom Homes for Rent | $2,957 | $1,800 | $4,850 |
| Preakness 5 Bedroom Homes for Rent | $3,000 | $3,000 | $3,000 |
Browse Homes for Rent in this Neighborhood
There are currently 19 rentals with your search options within a 3 mile radius of the Preakness Neighborhood of Wayne, NJ.
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Preakness, Wayne, NJ Local Guide
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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 $1,673. Brooklawn Gardens has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,820. 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 | $1,673 |
| 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 |
| Tudor Gardens | 1 Bed, 1 bath | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Preakness, NJ
As of July 12, 2026 the best value apartment in the Preakness area is the $0.19 price per square foot 71 Mill St Model at 71 Mill St, Unit 2 floor in the in the Stoney Road neighborhood starting from $1,900. 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. |
|---|---|---|---|
| 71 Mill St, Unit 2 floor | 71 Mill St | 2BR,1BA | $0.19 |
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 4 Brown Ave, Unit Brown Ave | 4 Brown Ave | 4BR,1.5BA | $2.08 |
| Hilltop Apartments of Totowa | 2 Bed / 1 Bath | 2BR,1BA | $2.32 |
| 325 Union Blvd | 2 Bed / 1 Bath | 2BR,1BA | $2.50 |
| Manchester Village | 2 X 1 | 2BR,1BA | $2.38 |
| Brooklawn Gardens | 2 Beds, 1 bath | 2BR,1BA | $2.18 |
| Haledon Estates Apartments | Garden Two Bedroom w/Den | 2BR,1BA | $2.50 |
| Valley View Apartments | Type A | 1BR,1BA | $2.14 |
| 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.
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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestylePreakness, Wayne, NJ
Ranked #1
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 Valley High School
Anthony Wayne Middle School
School data provided by Great Schools
Frequently Asked Questions about Preakness
What type of rentals are currently available in Preakness?
There are currently 216 Apartments for Rent in Preakness, NJ with pricing that ranges from $1,450 to $5,110. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preakness ranging from $1,800 to $4,850.
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 $1,800 to $4,850 with an average monthly rent of $2,703.
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

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.

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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.