Cheap Apartments for Rent in Madison, NJ from $1,400 (38 Rentals)

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

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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Park Valley Madison
1 to 2 Bedroom Apartments

Park Valley Madison

4 Community PlMadison, NJ 07940
  • Utilities Included

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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Alister Morristown
1 to 2 Bedroom Apartments

Alister Morristown

1 Washington AveMorristown, NJ 07960

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.

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Showing Results 1-38, 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 Park Avenue At Florham Park priced from $2,250. Franklin Manor Apartments in the Downtown Morristown neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $2,350. Here is today’s list of the most affordable Madison apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Park Avenue At Florham Park1 Bedroom1BR,1BA$2,250
Franklin Manor Apartments1BR/1BA1BR,1BA$2,350
Chatham on Main1BR Standard1BR,1BA$2,400
Chatham Hill Apartments1BR 1BA (820sf)1BR,1BA$2,478
Spring Brook At ChathamThe Jefferson2BR,1BA$2,595
Tudor House at Madison1 Bed 1 Bath1BR,1BA$2,700
Madison Mall on Main Luxury ApartmentsThe Sutton Luxury1BR,1BA$2,820

Best Value Apartments for Rent in Madison, NJ

As of April 22, 2026 the best value apartment in the Madison area is the $2.69 price per square foot Columbia Model at Sun Valley at Florham Park in the starting from $3,675. The second greatest value Madison apartment is the 21 Central Ave Model at 21 Central Ave, Unit 4C starting at $2,950 with a $2.57 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.
Sun Valley at Florham ParkColumbia3BR,2.5BA$2.69
21 Central Ave, Unit 4C21 Central Ave2BR,1BA$2.57
147 Columbia$3.35/sq.ft. - Residence 2-1B1BR,1BA$3.07
Spring Brook At ChathamThe Hamilton2BR,1BA$2.90
45 Main St, Unit 2L45 Main St2BR,1BA$2.60
The M at MorristownA41BR,1BA$3.08
Madison Mall on Main Luxury ApartmentsThe Sutton Luxury1BR,1BA$3.32
Chatham Hill Apartments1BR 1BA (820sf)1BR,1BA$3.02
150 Main St150 Main St1BR,1BA$2.85
300 Main St, Unit 2300 Main St1BR,1BA$2.79

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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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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.

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

Explore Madison, NJ Rentals by Map

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See the most popular apartments and homes in Madison, NJ

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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 $2,250 at Park Avenue 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 $2,500 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 $3,525.

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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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.

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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.