Cheap Homes for Rent in Preakness Neighborhood of Wayne, NJ from $1,600 (8 Rentals)

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

property at 256 N 4th St

256 N 4th St

PatersonNJ07522

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.

property at 256 N 4th St

256 N 4th St

PatersonNJ07522
property at 36 N 8th St

36 N 8th St

PatersonNJ07522

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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 $1,657. 261 Marshall St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,800. Here are the most affordable Preakness apartments for rent in Wayne, NJ:

Apartment ListingModel NameBed/BathPriced From
Valley View ApartmentsType B1BR,1BA$1,657
261 Marshall St203/2041BR,1BA$1,800
Mill Street Square - 3318One Bedroom 80%1BR,1BA$1,816

Best Value Apartments for Rent in Preakness, NJ

As of July 12, 2025 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 75 Jersey St Model at 75 Jersey St, Unit 75 B starting at $2,300 with a $1.64 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
75 Jersey St, Unit 75 B75 Jersey St2BR,1BA$1.64
Molly Brook on BelmontRiverton2BR,2BA$3.01
Berdan Court2BR/1BA2BR,1BA$2.63
18 N 7th St, Unit 118 N 7th St3BR,1BA$2.30
680 Belmont Ave, Unit #2680 Belmont Ave1BR,1BA$1.90
Haledon Estates ApartmentsGarden Two Bedroom w/Den2BR,1BA$2.76
Manchester Village1 X 11BR,1BA$2.47
Valley View ApartmentsType B1BR,1BA$2.12
261 Marshall St203/2041BR,1BA$2.57

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Frequently Asked Questions about Preakness

What type of rentals are currently available in Preakness?

There are currently 200 Apartments for Rent in Preakness, NJ with pricing that ranges from $1,600 to $5,560. There are also 28 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preakness ranging from $1,600 to $8,500.

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 $1,600 to $8,500 with an average monthly rent of $3,181.

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 $2,300 to $5,560, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,500 to $5,900. Four Bedroom Single-Family rentals are also available starting from $2,700 and Four Bedroom Apartments start at $2,250.

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.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

decorative image for Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.