
Cheap Apartments for Rent in Madison, NJ from $1,400 (26 Rentals)
Search the lowest-cost Apartments available for rent right now in Madison.


General Wayne and Ridgedale Gardens

Madison Apartments

Rose Hall

Rosedale Manor

36 Main St
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.

89 Main St

Total Monthly Price
1 S Passaic Ave, Unit B

300 Main St, Unit 2

37 Lafayette Ave, Unit 1

Cardinal Hill

Franklin Manor Apartments
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.

201 Pitney Pl

Park Avenue At Florham Park

320 South St

Chatham on Main

Chatham Hill Apartments

555 Main St
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.

500 Main St

Lindsley Arms Apartments

Chatham Arms

Cornerstone at Chatham

64 Maple Ave

25 Canterbury Rd
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.

320 South St

Alister Morristown
Madison, NJ Local Guide

How much does it cost to rent an apartment in Madison?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Madison Studio Apartments | $2,330 | $2,235 | $2,425 |
| Cheap Madison 1 Bedroom Apartments | $2,815 | $1,600 | $4,068 |
| Cheap Madison 2 Bedroom Apartments | $3,799 | $2,500 | $7,205 |
| Cheap Madison 3 Bedroom Apartments | $4,177 | $3,475 | $5,999 |
Browse Top Apartments in Madison
See all Apartments in MadisonExplore Madison
Madison, NJ Local Guide
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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 $1,490. Cardinal Hill in the Benders Corner neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,065. Here is today’s list of the most affordable Madison apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chatham Arms | 1 Bedroom | 1BR,1BA | $1,490 |
| Cardinal Hill | 1 Bedroom, 1 Bathroom | 1BR,1BA | $2,065 |
| Franklin Manor Apartments | 1BR/1BA | 1BR,1BA | $2,150 |
| Madison Apartments | A01 | 1BR,1BA | $2,150 |
| Park Avenue At Florham Park | 1 Bedroom | 1BR,1BA | $2,250 |
| Rosedale Manor | One Bedroom | 1BR,1BA | $2,295 |
Best Value Apartments for Rent in Madison, NJ
As of March 05, 2026 the best value apartment in the Madison area is the $2.72 price per square foot Ridgedale Model at Sun Valley at Florham Park in the starting from $3,625. The second greatest value Madison apartment is the CHATHAM Model at RIVER BEND DEVELOPERS, LLC starting at $3,179 with a $3.03 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. |
|---|---|---|---|
| Sun Valley at Florham Park | Ridgedale | 3BR,2.5BA | $2.72 |
| RIVER BEND DEVELOPERS, LLC | CHATHAM | 2BR,2BA | $3.03 |
| Spring Brook At Chatham | The Hamilton | 2BR,1BA | $2.95 |
| 45 Main St, Unit 2L | 45 Main St | 2BR,1BA | $2.60 |
| Rose Hall | 1 Bed 1 Bath | 1BR,1BA | $3.07 |
| Madison Apartments | A01 | 1BR,1BA | $3.07 |
| 37 Lafayette Ave, Unit 1 | 37 Lafayette Ave | 1BR,1BA | $2.89 |
| 300 Main St, Unit 2 | 300 Main St | 1BR,1BA | $2.79 |
| 150 Main St | 150 Main St | 1BR,1BA | $2.85 |
| 1 S Passaic Ave, Unit B | 1 S Passaic Ave | 1BR,1BA | $2.67 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick 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.
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
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 $1,490 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 $2,500 at Park Avenue At Florham Park.
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 $3,475.
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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.