38 Mill St
PatersonNJ07501
Cheap Homes for Rent in Preakness Neighborhood of Wayne, NJ from $1,200 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Preakness area of Wayne.
76-78-78 Market St, Unit 1
76-78-78 Market St
PatersonNJ07505
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$1,6001 Bedroom Apartments Available Jun 1
67 Jersey St
67 Jersey StPaterson, NJ 07501
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$1,6501 Bedroom Apartments Available Now
173 Sherman Ave
173 Sherman AvePaterson, NJ 07502
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$1,6501 Bedroom Apartments Available Jun 1
49 Haledon Ave
49 Haledon AvePaterson, NJ 07522
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.
102 N 3rd St, Unit 2A
102 N 3rd St
PatersonNJ07522
262 Grand St
PatersonNJ07501
78 N 5th St
PatersonNJ07522
286 N 6th St
Prospect ParkNJ07508
541 Union Ave, Unit 2
541 Union Ave
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.
97 N 4th St, Unit 2
97 N 4th St
PatersonNJ07522
Showing Results 1-11, Page 1 of 1
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 | $2,554 | $1,800 | $3,500 |
| Preakness 3 Bedroom Homes for Rent | $2,703 | $1,700 | $4,600 |
| Preakness 5 Bedroom Homes for Rent | $3,250 | $3,250 | $3,250 |
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 11 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 $1,606. 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 | $1,606 |
| Brooklawn Gardens | 1 Bed, 1 bath | 1BR,1BA | $1,720 |
| Kings Arms Garden Apartments | 1 bedroom | 1BR,1BA | $1,900 |
| Tudor Gardens | 1 Bed, 1 bath | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Preakness, NJ
As of May 28, 2026 the best value apartment in the Preakness area is the $1.06 price per square foot 173 Slater St Model at 173 Slater St, Unit 2nd 3rd fl duplex apt in the in the Stoney Road neighborhood starting from $1,980. 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. |
|---|---|---|---|
| 173 Slater St, Unit 2nd 3rd fl duplex apt | 173 Slater St | 3BR,1BA | $1.06 |
| Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
| 33 Glover Ave, Unit Paterson NJ | 33 Glover Ave | 3BR,1BA | $1.64 |
| 24 Don Bosco Ave, Unit #2 | 24 Don Bosco Ave | 2BR,1BA | $1.89 |
| 500 W Broadway, Unit First Floor | 500 W Broadway | 2BR,1BA | $1.44 |
| 44 Jasper St, Unit 1 | 44 Jasper St | 3BR,1BA | $1.96 |
| 207 Kearney St, Unit 1 | 207 Kearney St | 3BR,1BA | $1.91 |
| 264 Union Ave, Unit Ground Floor | 264 Union Ave | 1BR,1BA | $1.36 |
| 242 Union Ave, Unit FIRST FLOOR FRONT | 242 Union Ave | 1BR,1BA | $1.60 |
| Valley View Apartments | Type A | 1BR,1BA | $2.05 |
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 Article
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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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 227 Apartments for Rent in Preakness, NJ with pricing that ranges from $1,500 to $4,830. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preakness ranging from $1,250 to $4,600.
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 $4,600 with an average monthly rent of $2,506.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.