Cheap Apartments for Rent in Madison, NJ from $1,400 (18 Rentals)

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

property at 26 Cook Ave

26 Cook Ave

MadisonNJ07940

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.

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Madison Apartments
2 Bedroom Apartments

Madison Apartments

255 Main StMadison, NJ 07940
  • Utilities Included

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.

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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.

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Madison, NJ Local Guide

Cheapest Available Madison Apartments for Rent

 

The cheapest available apartment rental in Madison, NJ is a 1 Bed unit found at Chatham Arms priced from $2,100. Cardinal Hill in the Benders Corner neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,245. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Chatham ArmsFully Renovated 1 bdrm / 1 bath1BR,1BA$2,100
Cardinal Hill1 Bedroom, 1 Bathroom1BR,1BA$2,245
Chatham on Main1BR Medium1BR,1BA$2,287
Spring Brook At ChathamThe Madison1BR,1BA$2,295
Franklin Manor Apartments1BR/1BA1BR,1BA$2,425

Best Value Apartments for Rent in Madison, NJ

As of May 18, 2025 the best value apartment in the Madison area is the $2.88 price per square foot Devonshire Model at The Promenade at Summit in the starting from $4,050. The second greatest value Madison apartment is the 100 Main St Model at 100 Main St, Unit 1 starting at $2,925 with a $2.79 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 SummitDevonshire2BR,2BA$2.88
100 Main St, Unit 1100 Main St2BR,1BA$2.79
Jackson House ApartmentsTwo Bedroom2BR,1BA$2.69
The M at MorristownA51BR,1BA$3.10
Spring Brook At ChathamThe Jefferson2BR,1BA$3.23
40 Main St, Unit 140 Main St2BR,2BA$2.74
Rose Hall1 Bed 1 Bath1BR,1BA$3.20
Chatham ArmsFully Renovated 1 bdrm / 1 bath1BR,1BA$2.33
Chatham Hill1BR 1BA (780sf)1BR,1BA$3.17
300 Main St, Unit 2300 Main St1BR,1BA$2.79

Quick Rent Budget Calculator

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

Explore Madison, NJ Rentals by Map

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See the most popular apartments and homes in Madison, NJ

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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

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 $2,100 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 $2,765 at Jackson House Apartments.

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.

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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.

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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.

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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.