
Cheap Homes for Rent in Preakness Neighborhood of Wayne, NJ from $1,300 (17 Rentals)
Search the lowest-cost Homes available for rent right now in the Preakness area of Wayne.


789 Black Oak Ridge Rd

76-78-78 Market St, Unit 5

27 Main Ave

25 Sherman Ave
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.

7 Crescent Ave

309 Mt Pleasant Ave

51 Traphagen Rd

131 Hinchman 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.

36 N 8th St

19 White St

1285 Valley Rd

1140 Valley Rd

759 Hamburg Tpke
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.

304-306-306 Caldwell Ave, Unit 8009

304 Caldwell Ave, Unit 306
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 | $2,306 | $2,000 | $2,900 |
Preakness 3 Bedroom Homes for Rent | $3,573 | $2,000 | $6,900 |
Preakness 4 Bedroom Homes for Rent | $4,430 | $2,650 | $6,500 |
Preakness 5 Bedroom Homes for Rent | $3,500 | $3,500 | $3,500 |
Browse Homes for Rent in this Neighborhood
There are currently 17 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
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Cheapest Available Preakness Apartments for Rent
 The cheapest available apartment rental in the Preakness area of Wayne, NJ is a 2 Beds unit found at 325 Union Blvd priced from $1,200. Mill Street Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,816. Here are the most affordable Preakness apartments for rent in Wayne, NJ:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
325 Union Blvd | 2 Bed / 2 Bath | 2BR,2BA | $1,200 |
Mill Street Square | One Bedroom (Income Minium and Maximum Apply) | 1BR,1BA | $1,816 |
Manchester Village | 1 X 1 | 1BR,1BA | $1,900 |
Kings Arms Garden Apartments | 1 bedroom | 1BR,1BA | $2,000 |
Mountain View Crossing | 1 Bed I 1 Bath - A2 - R1 | 1BR,1BA | $2,157 |
Best Value Apartments for Rent in Preakness, NJ
As of October 12, 2025 the best value apartment in the Preakness area is the $1.64 price per square foot JASON LANE Model at Belmont Estates Townhomes in the in the Preakness neighborhood starting from $4,595. The second greatest value Preakness apartment is the 52 Murray Ave Model at 52 Murray Ave, Unit 2nd Floor starting at $3,200 with a $1.78 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. |
---|---|---|---|
Belmont Estates Townhomes | JASON LANE | 3BR,2.5BA | $1.64 |
52 Murray Ave, Unit 2nd Floor | 52 Murray Ave | 5BR,2BA | $1.78 |
242 Union Ave, Unit 1st Floor | 242 Union Ave | 3BR,2BA | $1.42 |
Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
264 Union Ave, Unit 2 | 264 Union Ave | 3BR,1BA | $1.47 |
9 Manchester Ave, Unit 1 Maria | 9 Manchester Ave | 1BR,1BA | $1.25 |
Berdan Court | 2BR/1BA | 2BR,1BA | $2.43 |
232 Haledon Ave, Unit 3 | 232 Haledon Ave | 1BR,1BA | $1.45 |
261 Marshall St | 205/206 | 2BR,1BA | $2.31 |
Manchester Village | 1 X 1 | 1BR,1BA | $2.24 |
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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
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 203 Apartments for Rent in Preakness, NJ with pricing that ranges from $1,450 to $4,510. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preakness ranging from $1,300 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 $1,300 to $6,900 with an average monthly rent of $2,966.
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 $2,200 to $3,600, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,000 to $6,900. Four Bedroom Single-Family rentals are also available starting from $2,650 and Four Bedroom Apartments start at $3,100.
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.

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.

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Written by: Christine Leonard, Esq.
Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.