Cheap Apartments for Rent in the Preakness Neighborhood of Wayne, NJ from $900 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Preakness area of Wayne.

324,339 and 431 Broadway
Preakness, Wayne, NJ Local Guide

How much does it cost to rent an apartment in Preakness?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Preakness Studio Apartments | $1,275 | $1,275 | $1,275 |
Preakness 1 Bedroom Apartments | $2,436 | $1,435 | $3,109 |
Preakness 2 Bedroom Apartments | $3,624 | $2,000 | $4,805 |
Preakness 3 Bedroom Apartments | $4,269 | $2,000 | $5,255 |
Browse Apartments 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
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Cheapest Available Preakness Apartments for Rent
 The cheapest available apartment rental in the Preakness area of Wayne, NJ is a Studio unit found at 324,339 and 431 Broadway priced from $1,150. Mill Street Square - 3318 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 |
---|---|---|---|
324,339 and 431 Broadway | 339 Broadway | Studio,1BA | $1,150 |
Mill Street Square - 3318 | One Bedroom 80% | 1BR,1BA | $1,816 |
Kings Arms Garden Apartments | 1 bedroom | 1BR,1BA | $1,895 |
Tudor Gardens | 1 Bed, 1 bath | 1BR,1BA | $1,975 |
Manchester Village | 1 X 1 | 1BR,1BA | $2,100 |
Best Value Apartments for Rent in Preakness, NJ
As of March 28, 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 Stoney Road neighborhood starting from $2,850. The second greatest value Preakness apartment is the 2 Bed / 2 Bath Model at 38 Roseland Ave starting at $3,150 with a $2.10 price per square foot in the Preakness 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 |
38 Roseland Ave | 2 Bed / 2 Bath | 2BR,2BA | $2.10 |
75 Jersey St, Unit 75 B | 75 Jersey St | 2BR,1BA | $1.79 |
The Manor at Totowa | 2 Bed/ 2 Bath | 2BR,2BA | $2.52 |
517 Union Blvd, Unit A.1 | 517 Union Blvd | 2BR,2BA | $2.73 |
Berdan Court | 1BR/1BA | 1BR,1BA | $2.54 |
Haledon Estates Apartments | Low Rise One Bedroom | 1BR,1BA | $2.55 |
Manchester Village | 1 X 1 | 1BR,1BA | $2.47 |
Tudor Gardens | 1 Bed, 1 bath | 1BR,1BA | $2.47 |
324,339 and 431 Broadway | 339 Broadway | Studio ,1BA | $2.67 |
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Pet Friendly LifestylePreakness, Wayne, NJ
Ranked #6
Among neighborhoods in Wayne, NJ 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
Best Local Schools in Preakness, Wayne, NJ
Lafayette Elementary School
Wayne Valley High School
Anthony Wayne Middle School
School data provided by Great Schools
Lifestyle Ratings
Our team of engineers and researchers compiles millions of data points to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities across the United States and customized analysis for Central Wayne, NJ. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for the best proximity to parks and outdoor amenities, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Preakness Apartments
How much is rent for a Cheap One Bedroom Preakness Apartment?
The lowest price for a Cheap One Bedroom Preakness Apartment is $1,400 at 324,339 and 431 Broadway.
What is the lowest price for a Cheap Two Bedroom Preakness Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Preakness is starting from $2,170 at Mill Street Square - 3318.
What is the most affordable Preakness Three Bedroom Apartment?
The best deal on a cheap Preakness Three Bedroom Apartment rental is at and starts from $2,000.
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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.