Cheap Homes for Rent in the Preakness Neighborhood of Wayne, NJ from $1,800 (19 Rentals)

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

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.

property at 203 Brittany Dr

$1,940

Total Monthly Price

Total Monthly Price

Base Rent
$1,940

Total Monthly Price
$1,940

1 Bedroom, 1 Bath Condo for Rent

Available Now

203 Brittany Dr, Unit 203

203 Brittany Dr
WayneNJ07470
property at 90 Rossiter Ave

$2,000

Total Monthly Price

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

90 Rossiter Ave

PatersonNJ07502

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.

property at 42 Newby Ave

$2,300

Total Monthly Price

Total Monthly Price

Base Rent
$2,300

Total Monthly Price
$2,300

2 Bedroom, 1 Bath Home for Rent

Available Now

42 Newby Ave

Woodland ParkNJ07424

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

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 ListingModel NameBed/BathPriced From
Valley View ApartmentsType A1BR,1BA$1,673
Brooklawn Gardens1 Bed, 1 bath1BR,1BA$1,820
Kings Arms Garden Apartments1 bedroom1BR,1BA$1,900
Manchester Village1 X 11BR,1BA$1,960
Tudor Gardens1 Bed, 1 bath1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
71 Mill St, Unit 2 floor71 Mill St2BR,1BA$0.19
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
4 Brown Ave, Unit Brown Ave4 Brown Ave4BR,1.5BA$2.08
Hilltop Apartments of Totowa2 Bed / 1 Bath2BR,1BA$2.32
325 Union Blvd2 Bed / 1 Bath2BR,1BA$2.50
Manchester Village2 X 12BR,1BA$2.38
Brooklawn Gardens2 Beds, 1 bath2BR,1BA$2.18
Haledon Estates ApartmentsGarden Two Bedroom w/Den2BR,1BA$2.50
Valley View ApartmentsType A1BR,1BA$2.14
58 Arlington Ave, Unit Basement Apartment in Hillcrest Paterson58 Arlington Ave2BR,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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Real 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

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 Lifestyle
Preakness, Wayne, NJ

Ranked #1

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 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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.