
Cheap Homes for Rent in Preakness Neighborhood of Wayne, NJ from $1,600 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Preakness area of Wayne.


351 Grand St, Unit 2nd floor

29 Leonard St

256 N 4th St
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.

256 N 4th St

36 N 8th St

329 W Broadway
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

How much does it cost to rent a home in Preakness?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Preakness 2 Bedroom Homes for Rent | $2,075 | $1,600 | $2,900 |
Preakness 3 Bedroom Homes for Rent | $3,461 | $2,500 | $5,900 |
Preakness 4 Bedroom Homes for Rent | $3,225 | $2,700 | $3,750 |
Preakness 5 Bedroom Homes for Rent | $5,700 | $3,800 | $8,500 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Valley View Apartments | Type B | 1BR,1BA | $1,657 |
261 Marshall St | 203/204 | 1BR,1BA | $1,800 |
Mill Street Square - 3318 | One 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Sunset Ridge at Totowa | Two Bedroom | 2BR,2BA | $1.73 |
75 Jersey St, Unit 75 B | 75 Jersey St | 2BR,1BA | $1.64 |
Molly Brook on Belmont | Riverton | 2BR,2BA | $3.01 |
Berdan Court | 2BR/1BA | 2BR,1BA | $2.63 |
18 N 7th St, Unit 1 | 18 N 7th St | 3BR,1BA | $2.30 |
680 Belmont Ave, Unit #2 | 680 Belmont Ave | 1BR,1BA | $1.90 |
Haledon Estates Apartments | Garden Two Bedroom w/Den | 2BR,1BA | $2.76 |
Manchester Village | 1 X 1 | 1BR,1BA | $2.47 |
Valley View Apartments | Type B | 1BR,1BA | $2.12 |
261 Marshall St | 203/204 | 1BR,1BA | $2.57 |
Quick Rent Budget Calculator
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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.

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.

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.

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.

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.