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Madison, NJ Condos for Rent

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  • 40 Loantaka Way Unit F, Madison, NJ 07940
    40 Loantaka Way Unit F, Madison, NJ 07940
    40 Loantaka Way Unit F, Madison, NJ 07940
    /22

    $3,400 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    40 Loantaka Way Unit F, Madison, NJ 07940

    Madison's best-kept secret is finally available! This beautifully renovated floor plan offers stylish, low-maintenance living in a serene, park-like setting just 1 mile from vibrant downtown Madison & NJ Transit train station. Originally built as faculty housing for Drew University, this exceptional residence has been thoughtfully updated w/ today's renters in mind. The bright interior features

    Scott Shuman KELLER WILLIAMS REALTY

    40 Loantaka Way Unit F, Madison, NJ 07940
  • 14 Elmer St Unit 2B, Madison, NJ 07940
    14 Elmer St Unit 2B, Madison, NJ 07940
    14 Elmer St Unit 2B, Madison, NJ 07940
    /12

    $2,950 Per Month

    • 1 Bed
    • 1.5 Baths
    • Condo for Rent

    14 Elmer St Unit 2B, Madison, NJ 07940

    Welcome to your new home in the heart of Madison! This beautifully appointed one-bedroom, one-and-a-half-bathroom apartment offers a perfect blend of modern convenience and classic charm. Step inside and be greeted by an open floor plan that bathes the living areas in natural light, highlighting the elegant hardwood floors that extend throughout the space.The kitchen features

    14 Elmer St Unit 2B, Madison, NJ 07940
  • 41 Main St Unit 1, Madison, NJ 07940
    41 Main St Unit 1, Madison, NJ 07940
    41 Main St Unit 1, Madison, NJ 07940
    /7

    $2,900 Per Month

    • 2 Beds
    • 2 Baths
    • 950 Sq Ft
    • Condo for Rent

    41 Main St Unit 1, Madison, NJ 07940

    Beautiful 2 Bed 2 Bath apt in heart of trendy Madison. Both the master suite and 2nd bedroom have beautifully exposed brick walls. Granite counter top,hardwood floors and stainless steel appliances.Walking distance to restaurants,gyms and NJ Transit trains to NYC. Rental application,NTN generated from our office,income verification and credit check reqd.One time pet fee.

    Bharat Kansara COLDWELL BANKER REALTY

    41 Main St Unit 1, Madison, NJ 07940
New Jersey Morris County

Condos for Rent in Madison, NJ

Frequently Asked Questions

How much does it cost to rent a condo in Madison, NJ?
The median rent for a condo in Madison, NJ is $3,900 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes and townhouses are currently more expensive.
How much do you need to make to afford rent in Madison, NJ?
To comfortably afford the median rent in Madison, NJ, a household needs to earn roughly $200,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $5,000 per month in Madison, NJ, renters typically need to show $15,000 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Madison, NJ?
In Madison, NJ, the price-to-rent ratio is 22.0, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Condo Rental Trends in Madison, NJ

There are currently 3 condos available for rent in Madison, NJ. The median rent is $3,900 per month, with 1-bedroom condos renting at $2,950, 2-bedroom condos at $3,900 and 3-bedroom condos at $4,950.

Rental Home Trends

Number of Condos for Rent
3
Median Condo Rent
$3,900
Median 1 Bedroom Condo Rent
$2,950
Median 2 Bedroom Condo Rent
$3,900
Median 3 Bedroom Condo Rent
$4,950
How to Rent a Home

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