Cheap Apartments for Rent in Madison, NJ from $1,400 (17 Rentals)

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Madison Apartments
2 Bedroom Apartments

Madison Apartments

255 Main StMadison, NJ 07940
  • Utilities Included

Madison, NJ Local Guide

Cheapest Neighborhoods for Apartments in Madison, NJ

Pricing Updated: 03/21/2025

Current apartment rentals in the Madison, NJ area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Madison Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units

Cheapest Available Madison Apartments for Rent and Nearby

 

The cheapest available apartment rental in Madison, NJ is a 2 Beds unit found at Cornerstone at Chatham priced from $1,664. Chatham Arms has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,850. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cornerstone at Chatham2BR/1BA2BR,1BA$1,664
Chatham ArmsFully Renovated 1 bdrm / 1 bath1BR,1BA$1,850
Cardinal Hill1 Bedroom, 1 Bathroom1BR,1BA$2,195
Chatham Hill1BR 1BA (820sf)1BR,1BA$2,380
Chatham on Main1BR Standard1BR,1BA$2,400

Best Value Apartments for Rent in Madison, NJ and Nearby

As of March 21, 2025 the best value apartment in the Madison area is the $2.97 price per square foot Addington Model at The Promenade at Summit in the starting from $3,650. The second greatest value Madison apartment is the 100 Main St Model at 100 Main St, Unit 1 starting at $3,025 with a $2.88 price per square foot . Here is today’s list of the best values for Madison apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Promenade at SummitAddington2BR,2BA$2.97
100 Main St, Unit 1100 Main St2BR,1BA$2.88
Jackson House ApartmentsTwo Bedroom2BR,1BA$2.69
Spring Brook At ChathamThe Hamilton2BR,1BA$2.90
The M at MorristownA51BR,1BA$3.10
147 Columbia$3.12/sq.ft. - Residence 1-1A1BR,1BA$3.21
Cornerstone at Chatham2BR/1BA2BR,1BA$1.83
Chatham ArmsFully Renovated 1 bdrm / 1 bath1BR,1BA$2.11
Chatham Hill1BR 1BA (780sf)1BR,1BA$3.05
Chatham on Main1BR Standard1BR,1BA$3.43

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Madison, NJ Rentals by Map

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Getting Around Madison, NJ

Walk Score®

78 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

46 / 100

Somewhat Bikeable

Minimal bike infrastructure

Frequently Asked Questions about Cheap Madison Apartments

How much is rent for a Cheap One Bedroom Madison Apartment?

The lowest price for a Cheap One Bedroom Madison Apartment is $1,850 at Chatham Arms.

What is the lowest price for a Cheap Two Bedroom Madison Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Madison is starting from $1,664 at Cornerstone at Chatham.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Cornerstone at Chatham and starts from $1,917.

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.

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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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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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.

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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.