
Cheap Homes for Rent in Preakness Neighborhood of Wayne, NJ from $1,400 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Preakness area of Wayne.


300 Brown Ave

110 Rockland Ave
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.

25 Sherman Ave

22 Norwood St

309 Mt Pleasant Ave

32 Whippany Ave

76 Planten Ave
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.

1298 Valley Rd

5 Traphagen Rd

19 White St

1140 Valley Rd

759 Hamburg Tpke
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.
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 | $2,320 | $1,900 | $2,900 |
| Preakness 3 Bedroom Homes for Rent | $3,461 | $2,000 | $6,900 |
| Preakness 4 Bedroom Homes for Rent | $2,600 | $2,600 | $2,600 |
| Preakness 5 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 15 rentals with your search options within a 3 mile radius of the Preakness Neighborhood of Wayne, NJ.
Explore 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 Mill Street Square priced from $1,816. Kings Arms Garden Apartments 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mill Street Square | One Bedroom (Income Minium and Maximum Apply) | 1BR,1BA | $1,816 |
| Kings Arms Garden Apartments | 1 bedroom | 1BR,1BA | $1,900 |
| Haledon Estates Apartments | Garden One Bedroom | 1BR,1BA | $1,999 |
| Mountain View Crossing | 1 Bed I 1 Bath - A2 - R1 | 1BR,1BA | $2,033 |
| Molly Brook on Belmont | Tidings | 1BR,1BA | $2,134 |
Best Value Apartments for Rent in Preakness, NJ
As of November 27, 2025 the best value apartment in the Preakness area is the $1.61 price per square foot 251 Silleck St Model at 251 Silleck St, Unit 2 in the in the Garret Mountain neighborhood starting from $2,900. 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. |
|---|---|---|---|
| 251 Silleck St, Unit 2 | 251 Silleck St | 2BR,2BA | $1.61 |
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 232 Haledon Ave, Unit 3 | 232 Haledon Ave | 1BR,1BA | $1.45 |
| 64 Hudson Ave, Unit #1 | 64 Hudson Ave | 2BR,1BA | $2.65 |
| 261 Marshall St | 205/206 | 2BR,1BA | $2.41 |
| Haledon Estates Apartments | Low Rise One Bedroom | 1BR,1BA | $2.70 |
| Kings Arms Garden Apartments | 2 bedroom | 2BR,1.5BA | $2.82 |
| Berdan Court | 1BR/1BA | 1BR,1BA | $2.73 |
| 325 Union Blvd | 1 Bed / 1 Bath | 1BR,1BA | $3.01 |
| Molly Brook on Belmont | Oceana | 1BR,1BA | $2.98 |
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 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 #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
Lafayette 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 206 Apartments for Rent in Preakness, NJ with pricing that ranges from $1,450 to $4,425. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preakness ranging from $1,450 to $6,900.
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 $1,450 to $6,900 with an average monthly rent of $2,788.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Written by: Christine Leonard, Esq.
For many people, obstacles can arise during the rental application process for a variety of issues.

