Cheap Homes for Rent in Preakness Neighborhood of Wayne, NJ from $1,400 (7 Rentals)

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

property at 67 Jersey St

67 Jersey St

PatersonNJ07501

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

property at 36 N 8th St

36 N 8th St

PatersonNJ07522

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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 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 ListingModel NameBed/BathPriced From
324,339 and 431 Broadway339 BroadwayStudio,1BA$1,150
Mill Street Square - 3318One Bedroom 80%1BR,1BA$1,816
Kings Arms Garden Apartments1 bedroom1BR,1BA$1,950

Best Value Apartments for Rent in Preakness, NJ

As of May 15, 2025 the best value apartment in the Preakness area is the $1.47 price per square foot 193 Temple St Model at 193 Temple St in the in the Stoney Road neighborhood starting from $2,500. 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 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.
193 Temple St193 Temple St3BR,1BA$1.47
Sunset Ridge at TotowaTwo Bedroom2BR,2BA$1.73
75 Jersey St, Unit 75 B75 Jersey St2BR,1BA$1.79
The Manor at Totowa2 Bed/ 2 Bath2BR,2BA$2.44
38 Roseland Ave1 Bed / 1 Bath1BR,1BA$2.15
230 Union Ave, Unit First Floor230 Union Ave2BR,1BA$1.55
18 N 7th St, Unit 118 N 7th St3BR,1BA$2.00
Manchester Village1 X 11BR,1BA$2.47
Haledon Estates ApartmentsGarden One Bedroom1BR,1BA$2.52
326 Grand St, Unit 1R326 Grand St2BR,1BA$2.19

Quick Rent Budget Calculator

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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Frequently Asked Questions about Preakness

What type of rentals are currently available in Preakness?

There are currently 212 Apartments for Rent in Preakness, NJ with pricing that ranges from $1,275 to $5,355. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Preakness ranging from $1,450 to $6,000.

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 $1,450 to $6,000 with an average monthly rent of $3,086.

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 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.

decorative image for Navigating the Rental Market: Tips for First-Time Renters article

Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.