Apartments in 07940
23 rentals
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Use arrow keys to navigateSPECIAL OFFERPET FRIENDLY$3,295 - $3,650/mo
1-2 Beds
1-2 BathsMadison Mall on Main Luxury Apartments | 286 Main St,
Madison, NJ 07940
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Use arrow keys to navigateNEW - 1 DAY AGOPET FRIENDLY$2,135 - $3,215/mo1-2 Beds1 BathGeneral Wayne and Ridgedale Gardens | 10 Ridgedale Ave,
Madison, NJ 07940
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Apartments For Rent Near 07940
We found 29 more apartments matching your filters just outside 07940
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Average Rent Trends in 07940
Rent in 07940 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent for a apartment increased in Aug 2026 compared to the previous month. Rent for apartments peaked in Nov 2025.
| Month | Average rent |
|---|---|
| Sep 2025 | $2,567 |
| Oct 2025 | $2,881 |
| Nov 2025 | $3,514 |
| Dec 2025 | $3,244 |
| Jan 2026 | $2,642 |
| Feb 2026 | $3,042 |
| Mar 2026 | $3,031 |
| Apr 2026 | $2,804 |
| May 2026 | $2,808 |
| Jun 2026 | $2,820 |
| Jul 2026 | $2,743 |
| Aug 2026 | $3,050 |
Average Rent By Bedroom and Home Type
In August 2026, Apartments and Condos were the most affordable home type to rent compared with Houses and Townhomes.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $2,425 | $3,400 | $4,650 | $5,000 | $3,400 |
| Townhomes | — | $4,400 | $4,650 | $4,500 | $4,400 |
| Apartments and Condos | $2,150 | $2,900 | $3,794 | $5,000 | $2,800 |
| Houses | $3,100 | $2,350 | $4,000 | — | $3,100 |
Frequently Asked Questions about Apartments and Condos for rent in 07940
- What is the average rent of an apartment in 07940?The average rent of an apartment in 07940 is $3,050 per month. This is about 55% higher than the national average.
- When is the average rent for an apartment cheapest in 07940?In the last year, the average rent in 07940 was lowest in Apr 2025 when it was $2,533 per month.
- When is the average rent for an apartment most expensive in 07940?In the last year, the average rent in 07940 was highest in Nov 2025 when it was $3,514 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 07940?The average rent of a 1 bedroom apartment in 07940 is $2,615 per month. That is about $615 more than the cost of a studio apartment.
- How many apartments or condos are available to rent in 07940?There are 21 available apartments or condos to rent in 07940.
- What are some cities near 07940?Some nearby cities include: Madison, Florham Park, Chatham, Green Village, New Vernon, Summit. These cities may have more rental options to explore.
View this page in Spanish: Apartamentos en 07940 - 70 Apartamentos | Trulia
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