Cheap Apartments for Rent in Madison, NJ from $1,400 (17 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.

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.

property at 380 Main St

380 Main St, Unit 36

380 Main St
ChathamNJ07928

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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 Sun Valley at Florham Park priced from $2,295. Chatham on Main 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
Sun Valley at Florham ParkCaldwell1BR,1BA$2,295
Chatham on Main1BR Medium1BR,1BA$2,350
Franklin Manor Apartments1BR/1BA1BR,1BA$2,350
Madison ApartmentsA011BR,1BA$2,400
Chatham Hill1BR 1BA (820sf)1BR,1BA$2,475

Best Value Apartments for Rent in Madison, NJ

As of September 14, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Promenade at SummitAddington2BR,2BA$2.97
147 Columbia$3.11/sq.ft. - Residence 1-1J1BR,1BA$3.11
28 Green Ave, Unit 28 Green Ave #128 Green Ave2BR,1BA$2.55
100 Main St, Unit 1100 Main St2BR,1BA$2.79
Jackson House ApartmentsTwo Bedroom2BR,1BA$2.73
Spring Brook At ChathamThe Hamilton2BR,1BA$3.30
General Wayne and Ridgedale GardensTWO BEDROOMS2BR,1BA$2.94
Chatham on Main1BR Large1BR,1BA$3.01
Chatham Hill1BR 1BA (780sf)1BR,1BA$3.18
300 Main St, Unit 2300 Main St1BR,1BA$2.79

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

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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

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 $2,650 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 $3,475.

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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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.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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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.