Cheap Apartments for Rent in Madison, NJ from $1,400 (20 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in Madison.

Showing Results 1-20, Page 1 of 1

Madison, NJ Local Guide

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, NJ is a 2 Beds unit found at Cornerstone at Chatham priced from $1,664. Cardinal Hill in the Benders Corner neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,195. 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
Cardinal Hill1 Bedroom, 1 Bathroom1BR,1BA$2,195
Chatham ArmsFully Renovated 2 bdrm / 1 bath2BR,1BA$2,250
Chatham Hill1BR 1BA (780sf)1BR,1BA$2,307
Chatham on Main1BR Medium1BR,1BA$2,450

Best Value Apartments for Rent in Madison, NJ

As of February 18, 2025 the best value apartment in the Madison area is the $2.11 price per square foot Two Bedroom-Townhouse (L shaped) Model at Towne Gardens Townhomes in the starting from $3,145. The second greatest value Madison apartment is the Addington Model at The Promenade at Summit starting at $3,650 with a $2.97 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.
Towne Gardens TownhomesTwo Bedroom-Townhouse (L shaped)2BR,1BA$2.11
The Promenade at SummitAddington2BR,2BA$2.97
Chatham Hill3BR 2BA (1190sf)3BR,2BA$3.05
100 Main St, Unit 1100 Main St2BR,1BA$2.88
The M at MorristownA51BR,1BA$3.10
40 Main St, Unit 140 Main St2BR,2BA$2.74
147 Columbia$3.12/sq.ft. - Residence 1-1A1BR,1BA$3.21
Cornerstone at Chatham2BR/1BA2BR,1BA$1.83
Chatham ArmsFully Renovated 2 bdrm / 1 bath2BR,1BA$2.50
Chatham on Main1BR Medium1BR,1BA$3.11

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.

decorative image of people with a giant lease agreement

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

Explore Madison, NJ Rentals by Map

Decorative image of map

See the most popular apartments and homes in Madison, NJ

View MapMadison, NJ Apartments MapView MapMadison, NJ Rental Homes Map

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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $2,195 at Cardinal Hill.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

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.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

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.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.