Rentometer, Inc. | Data as of 12/05/2025
Located in the heart of New Jersey, the Preakness area offers a vibrant city lifestyle with easy access to cultural attractions, dining hotspots, and green spaces. Residents enjoy proximity to the historic Preakness Race Track, the bustling downtown district, and convenient transit options that connect commuters to nearby Manhattan and other regional centers. The neighborhood’s blend of classic architecture and modern developments creates a welcoming environment for professionals, students, and families alike.
The rental market in Preakness is dominated by apartments, reflecting the area’s urban character. One‑bedroom units typically rent in the $1900s, with a median price hovering around $2000, while two‑bedroom apartments trend toward the $2400 range, averaging close to $2500 and a median near $2600. These price points support a variety of lifestyle needs, from compact studios perfect for singles to spacious two‑bedroom layouts suited for roommates or small families. Many properties feature contemporary finishes, on‑site amenities, and easy access to local parks, cafes, and retail corridors.
Beyond housing, Preakness boasts notable neighborhoods such as the historic Montclair‑style streets near the train station, as well as newer mixed‑use developments that integrate residential, commercial, and recreational spaces. Residents benefit from the area’s commitment to community events, farmers’ markets, and cultural festivals, all contributing to a lively, inclusive atmosphere. Whether you’re seeking convenient city living or a close‑knit community vibe, Preakness presents a well‑rounded rental experience in New Jersey.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,916 | $1,987 | $925 - $2,285 | $1,920 - $2,230 |
| Apartment | 2 Bedroom | $2,436 | $2,600 | $1,100 - $2,895 | $2,475 - $2,720 |
In the current period, the average rent in Preakness was $1,917 for 1 Bedroom, and $2,437 for 2 Bedroom.
Data provided by Rentometer, Inc.