Cheap Apartments for Rent in Madison, NJ from $1,895 (35 Rentals)

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Park Valley Madison
1 to 2 Bedroom Apartments

Park Valley Madison

4 Community PlMadison, NJ 07940
  • Utilities Included

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Alister Morristown
1 to 2 Bedroom Apartments

Alister Morristown

1 Washington AveMorristown, NJ 07960
property at 24B Heritage Dr
$2,600

Total Monthly Price

Base Rent$2,600
Total Monthly Price$2,600
1 Bedroom, 1 Bath Home for Rent
Available Now

24B Heritage Dr

Chatham TownshipNJ07928

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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property at 246 Main St
$2,900

Total Monthly Price

Base Rent$2,900
Total Monthly Price$2,900
1 Bedroom, 1 Bath Condo for Rent
Available Now

246 Main St, Unit 303

246 Main St
Chatham TownshipNJ07928
Showing Results 1-35, Page 1 of 1

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 Franklin Manor Apartments in the Downtown Morristown neighborhood priced from $2,375. Chatham on Main has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,400. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Franklin Manor Apartments1BR/1BA1BR,1BA$2,375
Chatham on Main1BR Standard1BR,1BA$2,400
General Wayne and Ridgedale GardensTWO BEDROOMS2BR,1BA$2,430
The M at MorristownA41BR,1BA$2,650
Tudor House at Madison1 Bed 1 Bath1BR,1BA$2,700
Rosedale ManorTwo Bedrooms2BR,1BA$2,750
Cardinal Hill2 Bedroom, 2 Bathroom2BR,2BA$2,799
Spring Brook At ChathamThe Jefferson2BR,1BA$2,899

Best Value Apartments for Rent in Madison, NJ

As of September 05, 2026 the best value apartment in the Madison area is the $2.22 price per square foot Two Bedroom-Townhouse (L shaped) Model at Towne Gardens Townhomes in the starting from $3,315. The second greatest value Madison apartment is the Columbia Model at Sun Valley at Florham Park starting at $3,675 with a $2.69 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$2.22
Sun Valley at Florham ParkColumbia3BR,2.5BA$2.69
Jackson House ApartmentsTwo Bedroom2BR,1BA$2.91
Spring Brook At ChathamThe Jefferson2BR,1BA$2.97
Chatham Hill Apartments2BR 1BA (960sf)2BR,1BA$3.35
The M at MorristownA41BR,1BA$2.76
General Wayne and Ridgedale GardensTWO BEDROOMS2BR,1BA$2.70
Cardinal Hill2 Bedroom, 2 Bathroom2BR,2BA$3.29
300 Main St, Unit 2300 Main St1BR,1BA$2.79
Chatham on Main1BR Standard1BR,1BA$3.43

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

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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 $2,375 at Franklin Manor 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 $2,430 at General Wayne and Ridgedale Gardens.

What is the most affordable Madison Three Bedroom Apartment?

The best deal on a cheap Madison Three Bedroom Apartment rental is at Sun Valley at Florham Park and starts from $3,425.

Expert Rental Resources

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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.