Cheap Apartments for Rent in Madison, NJ from $1,400 (23 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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property at 12 Prospect St

12 Prospect St

MorristownNJ07960
property at 10 N Passaic Ave

10 N Passaic Ave

ChathamNJ07928

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Alister Morristown
1 to 2 Bedroom Apartments

Alister Morristown

1 Washington AveMorristown, NJ 07960
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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 Madison Apartments priced from $2,050. Cardinal Hill in the Benders Corner neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,125. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Madison ApartmentsA011BR,1BA$2,050
Cardinal Hill1 Bedroom, 1 Bathroom1BR,1BA$2,125
General Wayne and Ridgedale GardensONE BEDROOM1BR,1BA$2,245
Madison Mall ApartmentsOne Bedroom1BR,1BA$2,260
Sun Valley at Florham ParkCaldwell1BR,1BA$2,295

Best Value Apartments for Rent in Madison, NJ

As of November 01, 2025 the best value apartment in the Madison area is the $3.22 price per square foot 2 Bed 2 Bath Model at Rose Hall in the starting from $3,950. The second greatest value Madison apartment is the $3.11/sq.ft. - Residence 1-1J Model at 147 Columbia starting at $3,550 with a $3.11 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.
Rose Hall2 Bed 2 Bath2BR,2BA$3.22
147 Columbia$3.11/sq.ft. - Residence 1-1J1BR,1BA$3.11
Avalon at Florham ParkA1T-Rear1BR,1BA$3.27
Madison Mall ApartmentsOne Bedroom1BR,1BA$2.83
Madison ApartmentsB012BR,1BA$3.00
Chatham on Main2BR Standard2BR,1BA$3.22
37 Lafayette Ave, Unit 137 Lafayette Ave1BR,1BA$2.89
300 Main St, Unit 2300 Main St1BR,1BA$2.79
150 Main St150 Main St1BR,1BA$2.85
General Wayne and Ridgedale GardensONE BEDROOM1BR,1BA$3.28

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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

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 $2,050 at Madison Apartments.

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 $2,400 at Madison Apartments.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Avalon at Florham Park and starts from $3,370.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.