Cheap Apartments for Rent in Madison, NJ
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SPECIAL OFFERPET FRIENDLY$2,820 - $3,733/mo
1-2 Beds
1-2 BathsMadison Mall on Main Luxury Apartments | 286 Main St #296-108,
Madison, NJ 07940
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NEW - 27 MIN AGO
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Apartments For Rent Near Madison, NJ
We found 14 more apartments matching your filters just outside Madison
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Average Rent Trends in Madison, NJ
Rent in Madison, NJ varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent decreased in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $2,800 |
| Jul 2025 | $4,200 |
| Aug 2025 | $3,850 |
| Sep 2025 | $3,275 |
| Oct 2025 | $4,000 |
| Nov 2025 | $3,471 |
| Dec 2025 | $3,750 |
| Jan 2026 | $3,750 |
| Feb 2026 | $3,200 |
| Mar 2026 | $2,850 |
| Apr 2026 | $3,434 |
| May 2026 | $3,195 |
Average Rent By Bedroom and Home Type
In May 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 | $2,319 | $2,924 | $4,300 | $5,995 | $3,050 |
| Townhomes | $3,300 | $4,495 | $4,999 | — | $4,495 |
| Apartments and Condos | $2,050 | $2,650 | $4,200 | $5,995 | $2,650 |
| Houses | — | — | $3,000 | $5,000 | $3,000 |
Frequently Asked Questions about Rentals in Madison, NJ
- What is the average rent in Madison, NJ?The average rent in Madison, NJ is $3,050. Rent prices range from $1,945 to as much as $7,400, depending on the type of rental.
- How does the rent in Madison, NJ compare to the national average?Average rent in Madison, NJ is about 60% higher than the national average rent of $1,910. That means it is more expensive to rent in Madison compared to the U.S. average.
- What is the average rent in Madison, NJ, by number of bedrooms?The average rent in Madison, NJ is $2,245 for a studio, $2,319 for a 1 bedroom, $2,924 for a 2 bedroom, $4,300 for a 3 bedroom, and $5,995 for a 4 bedroom.
- How have rent prices in Madison, NJ changed compared to last year?In the past year, the average rent price in Madison, NJ has increased by $200. That means the average rent is 7% higher than last year.
- How many available rental listings are in Madison, NJ?There are 32 available rental listings in Madison, NJ.
- What are some zip codes in Madison, NJ?Madison, NJ includes zip codes such as: 07940.
- What are some cities near Madison, NJ?Some nearby cities include: Florham Park, Chatham, Green Village, New Vernon, Summit. These cities may have more rental options to explore.
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