
Cheap Apartments for Rent in Madison, NJ from $1,400 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison.


General Wayne and Ridgedale Gardens

26 Cook Ave

Madison Mall Apartments

Cornerstone at Chatham

Park Avenue At Florham Park

Cardinal Hill

Franklin Manor Apartments

Chatham on Main

Chatham Hill

19 King St

73 Madison St
Madison, NJ Local Guide

How much does it cost to rent an apartment in Madison?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Madison Studio Apartments | $2,162 | $2,000 | $2,325 |
Madison 1 Bedroom Apartments | $3,119 | $1,850 | $5,620 |
Madison 2 Bedroom Apartments | $3,969 | $1,664 | $10,000+ |
Madison 3 Bedroom Apartments | $4,482 | $1,917 | $5,999 |
Madison 4 Bedroom Apartments | $4,350 | $3,200 | $5,500 |
Browse Top Apartments in Madison
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Madison, NJ Local Guide
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Cheapest Neighborhoods for Apartments in Madison, NJ
Pricing Updated: 03/21/2025Current 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:
Neighborhood | Median Price | Min Price | Available Units |
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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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Cornerstone at Chatham | 2BR/1BA | 2BR,1BA | $1,664 |
Chatham Arms | Fully Renovated 1 bdrm / 1 bath | 1BR,1BA | $1,850 |
Cardinal Hill | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2,195 |
Chatham Hill | 1BR 1BA (820sf) | 1BR,1BA | $2,380 |
Chatham on Main | 1BR Standard | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
The Promenade at Summit | Addington | 2BR,2BA | $2.97 |
100 Main St, Unit 1 | 100 Main St | 2BR,1BA | $2.88 |
Jackson House Apartments | Two Bedroom | 2BR,1BA | $2.69 |
Spring Brook At Chatham | The Hamilton | 2BR,1BA | $2.90 |
The M at Morristown | A5 | 1BR,1BA | $3.10 |
147 Columbia | $3.12/sq.ft. - Residence 1-1A | 1BR,1BA | $3.21 |
Cornerstone at Chatham | 2BR/1BA | 2BR,1BA | $1.83 |
Chatham Arms | Fully Renovated 1 bdrm / 1 bath | 1BR,1BA | $2.11 |
Chatham Hill | 1BR 1BA (780sf) | 1BR,1BA | $3.05 |
Chatham on Main | 1BR Standard | 1BR,1BA | $3.43 |
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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 $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.

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.

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.

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.

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.