38 Mill St
PatersonNJ07501
Cheap Homes for Rent in Preakness Neighborhood of Wayne, NJ from $1,200 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Preakness area of Wayne.
76-78-78 Market St, Unit 1, Unit 1
76-78-78 Market St
PatersonNJ07505
207 Redwood Ave
PatersonNJ07522
275 Main St
PatersonNJ07505
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$1,6501 Bedroom Apartments Available Now
173 Sherman Ave, Unit 22
173 Sherman AvePaterson, NJ 07502
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$1,6501 Bedroom Apartments Available Now
23 Pompton Rd, Unit BE
23 Pompton RdHaledon, NJ 07508
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.
95 Norwood St
HaledonNJ07508
541 Union Ave, Unit 2, Unit 2
541 Union Ave
PatersonNJ07522
286 N 6th St
Prospect ParkNJ07508
105 Newark Pompton Tpke, Unit A15, Unit A15
105 Newark Pompton Tpke
PequannockNJ07440
30 Garden Ave
Woodland ParkNJ07424
19 White St
PatersonNJ07522
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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$2,0002 Bedroom Apartments Available Now
115 Dixon Ave, Unit 1
115 Dixon AvePaterson, NJ 07501
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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 | $2,262 | $1,800 | $3,100 |
| Preakness 3 Bedroom Homes for Rent | $2,633 | $2,000 | $3,500 |
| Preakness 4 Bedroom Homes for Rent | $3,600 | $3,600 | $3,600 |
| Preakness 5 Bedroom Homes for Rent | $3,300 | $3,100 | $3,500 |
| Preakness 6 Bedroom Homes for Rent | $4,800 | $4,800 | $4,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 13 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
- 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 $1,593. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Valley View Apartments | Type A | 1BR,1BA | $1,593 |
| Brooklawn Gardens | 1 Bed, 1 bath | 1BR,1BA | $1,720 |
| Kings Arms Garden Apartments | 1 bedroom | 1BR,1BA | $1,900 |
| Haledon Estates Apartments | Low Rise One Bedroom | 1BR,1BA | $1,949 |
| Tudor Gardens | 1 Bed, 1 bath | 1BR,1BA | $2,000 |
Best Value Apartments for Rent in Preakness, NJ
As of April 13, 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 #2 starting at $2,700 with a $1.96 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 24 Don Bosco Ave, Unit #2 | 24 Don Bosco Ave | 2BR,1BA | $1.96 |
| 194 Mill St, Unit 1 | 194 Mill St | 1BR,1BA | $1.30 |
| 325 Union Blvd | 1 Bed / 2 Bath with a Den | 2BR,2BA | $2.59 |
| 680 Belmont Ave, Unit #2 | 680 Belmont Ave | 1BR,1BA | $1.90 |
| Brooklawn Gardens | 2 Beds, 1 bath | 2BR,1BA | $2.18 |
| 242 Union Ave, Unit FIRST FLOOR FRONT | 242 Union Ave | 1BR,1BA | $1.60 |
| Tudor Gardens | 2 Beds, 2 baths | 2BR,2BA | $2.70 |
| 33 Cliff St, Unit 2 | 33 Cliff St | 2BR,2BA | $2.44 |
| Valley View Apartments | Type A | 1BR,1BA | $2.04 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe 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.
Read ArticleCash 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.
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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.
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Pet Friendly LifestylePreakness, Wayne, NJ
Ranked #6
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 (373)
6 out of 10
Wayne Valley High School
Wayne Township Public School District
Public School - Grades 9-12 (1241)
5 out of 10
Anthony Wayne Middle School
Wayne Township Public School District
Public School - Grades 6-8 (665)
7 out of 10
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 $1,250 to $4,830. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preakness ranging from $1,250 to $4,800.
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 $1,250 to $4,800 with an average monthly rent of $2,926.
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 $2,000 to $4,565, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $3,500. Four Bedroom Single-Family rentals are also available starting from $3,600 and Four Bedroom Apartments start at $3,600.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.
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.
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.