193 W Main St
MadisonNJ07940
Cheap Apartments for Rent in Madison, NJ from $1,400 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison.
close
View Me
$2,130 - $2,7601 to 2 Bedroom Apartments Contact Us For Availability
Rosedale Manor
171 Main StMadison, NJ 07940
close
View Me
$2,325 - $5,999Studio to 3 Bedroom Apartments Contact Us For Availability
Rose Hall
10 Kings RdMadison, NJ 07940
close
View Me
close
View Me
$1,664 - $1,9172 to 3 Bedroom Apartments Contact Us For Availability
Cornerstone at Chatham
522 Southern BlvdChatham, NJ 07928
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.
close
View Me
close
View Me
$2,250 - $2,8001 to 2 Bedroom Apartments Contact Us For Availability
Park Avenue At Florham Park
804 Ward PlFlorham Park, NJ 07932
close
View Me
close
View Me
Rent Specials
$2,295 - $3,7251 to 3 Bedroom Apartments Available Now
Sun Valley at Florham Park
6200 Darling DrFlorham Park, NJ 07932
close
View Me
Rent Specials
$2,350 - $3,0001 to 2 Bedroom Apartments Available Now
Chatham on Main
555 Main StChatham, NJ 07928
close
View Me
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
445 Morris Ave
SpringfieldNJ07081
26 Hillside Ave
ChathamNJ07928
Showing Results 1-13, Page 1 of 1
Madison, NJ Local Guide
Madison downtown by Leif Knutsen is licensed under Internal
How much does it cost to rent an apartment in Madison?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Madison Studio Apartments | $2,325 | $2,325 | $2,325 |
| Cheap Madison 1 Bedroom Apartments | $3,074 | $1,950 | $5,380 |
| Cheap Madison 2 Bedroom Apartments | $3,878 | $1,664 | $10,000+ |
| Cheap Madison 3 Bedroom Apartments | $4,334 | $1,917 | $7,895 |
Browse Top Apartments in Madison
See all Apartments in MadisonExplore Madison
Madison, NJ Local Guide
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $2,425. Chatham Hill has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,449. Here is today’s list of the most affordable Madison apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Franklin Manor Apartments | 1BR/1BA | 1BR,1BA | $2,425 |
| Chatham Hill | 1BR 1BA (820sf) | 1BR,1BA | $2,449 |
| Chatham on Main | 1BR Large | 1BR,1BA | $2,450 |
| Sun Valley at Florham Park | Caldwell | 1BR,1BA | $2,495 |
| Spring Brook At Chatham | The Jefferson | 2BR,1BA | $2,725 |
Best Value Apartments for Rent in Madison, NJ
As of July 30, 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 $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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Promenade at Summit | Addington | 2BR,2BA | $2.97 |
| 147 Columbia | $3.11/sq.ft. - Residence 1-1J | 1BR,1BA | $3.11 |
| 100 Main St, Unit 1 | 100 Main St | 2BR,1BA | $2.79 |
| Jackson House Apartments | Two Bedroom | 2BR,1BA | $2.72 |
| Spring Brook At Chatham | The Hamilton | 2BR,1BA | $3.30 |
| Avalon at Florham Park | A1T-Rear | 1BR,1BA | $3.60 |
| Chatham on Main | 2BR Standard | 2BR,1BA | $3.22 |
| Chatham Hill | 1BR 1BA (780sf) | 1BR,1BA | $3.18 |
| 17 Greenwood Ave, Unit Apt207 | 17 Greenwood Ave | 1BR,1BA | $3.42 |
| 300 Main St, Unit 2 | 300 Main St | 1BR,1BA | $2.79 |
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.
Let everyone know!
Do you know the Madison area?
If you’re an expert on all things Madison, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Madison, NJ Rentals by Map
See the most popular apartments and homes in Madison, NJ
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 $2,295 at Sun Valley at Florham Park.
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 $2,683 at Chatham on Main.
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 $3,575.
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.
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
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.