Seventy-one affordable apartments are for rent at a residential complex under construction in Wayne.

The project was approved after lengthy negotiations between the Virginia-based builder and township.

WAYNE — Apartments at a housing complex on Valley Road are renting for as low as $511 per month, but interested lessees must enter a lottery for a chance to live in one of the new dwellings.

Seventy-one affordable units are available at the housing complex, which is under construction by Virginia-based AvalonBay Communities Inc. The project has 473 apartments and town houses at the 17-acre site of the former Valley National Bank headquarters , at 1445 Valley Road and at 1455 Valley Road.

There are seven two-bedroom apartments leasing for $511. Some affordable units are renting for

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