Cheap Apartments for Rent in Madison, NJ from $1,400 (26 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 320 South St

$2,300 - $2,400

1 Bedroom Rentals

Available Now

320 South St

MorristownNJ07960

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.

property at 500 Main St

$2,475 - $2,825

1 To 2 Bedroom Rentals

Available Now

500 Main St

ChathamNJ07928
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Chatham Arms
Studio to 2 Bedroom Apartments

Chatham Arms

49 S. Passaic AveChatham, NJ 07928

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.

property at 320 South St

$2,400

Total Monthly Price

Total Monthly Price

Base Rent
$2,400

Total Monthly Price
$2,400

1 Bedroom, 1 Bath Home for Rent

Available Now

320 South St

MorristownNJ07960
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Alister Morristown
1 to 2 Bedroom Apartments

Alister Morristown

1 Washington AveMorristown, NJ 07960

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 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 ListingModel NameBed/BathPriced From
Chatham Arms1 Bedroom1BR,1BA$1,490
Cardinal Hill1 Bedroom, 1 Bathroom1BR,1BA$2,065
Franklin Manor Apartments1BR/1BA1BR,1BA$2,150
Madison ApartmentsA011BR,1BA$2,150
Park Avenue At Florham Park1 Bedroom1BR,1BA$2,250
Rosedale ManorOne Bedroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Sun Valley at Florham ParkRidgedale3BR,2.5BA$2.72
RIVER BEND DEVELOPERS, LLCCHATHAM2BR,2BA$3.03
Spring Brook At ChathamThe Hamilton2BR,1BA$2.95
45 Main St, Unit 2L45 Main St2BR,1BA$2.60
Rose Hall1 Bed 1 Bath1BR,1BA$3.07
Madison ApartmentsA011BR,1BA$3.07
37 Lafayette Ave, Unit 137 Lafayette Ave1BR,1BA$2.89
300 Main St, Unit 2300 Main St1BR,1BA$2.79
150 Main St150 Main St1BR,1BA$2.85
1 S Passaic Ave, Unit B1 S Passaic Ave1BR,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.

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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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Quick Rent Budget Calculator

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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!

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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 $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

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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.

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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.