5

Madison, NJ Condos for Rent

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  • 10 Elmer St Unit H, Madison, NJ 07940
    10 Elmer St Unit H, Madison, NJ 07940
    10 Elmer St Unit H, Madison, NJ 07940
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    $2,500 Per Month

    • 1 Bed
    • 1.5 Baths
    • 734 Sq Ft
    • Condo for Rent

    10 Elmer St Unit H, Madison, NJ 07940

    Luxury apt in elevator building in heart of downtown Madison just 1 blk to Manhattan Direct train, shops & restaurants. Available Aug 1. Includes parking for 1 car & in unit laundry. High ceilings, wood floors, SS appliances, granite counters, master suite with private bath & walk-in closet, guest lavatory, parking lot with rear foyer entrance to elevator. Tenant pays utilities. Photos from prior

    VALARIE ELLIS-FRIEDMAN RE/MAX ACHIEVERS

    10 Elmer St Unit H, Madison, NJ 07940
  • 17 Greenwood Ave Unit 303, Madison, NJ 07940
    17 Greenwood Ave Unit 303, Madison, NJ 07940
    17 Greenwood Ave Unit 303, Madison, NJ 07940
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    $2,700

    Total Monthly Price

    • 1 Bed
    • 1 Bath
    • 800 Sq Ft
    • Condo for Rent

    17 Greenwood Ave Unit 303, Madison, NJ 07940

    1 BEDROOM APARTMENT - 2,700.00 DOWNTOWN MADISON. 18 Unit Apartment Building. 1 BEDROOM -AVAILABLE - JUNE 1, 2026. 1 designated parking space. NO FEE. Secure Building. Resident access only. Open Floor Plan with Island sink overlooking living room. Kitchen w/Microwave, Dishwasher, Refrigerator, Washer/Dryer in unit, Wood Floors (LVT), Large Closets, Off Street Parking with

    17 Greenwood Ave Unit 303, Madison, NJ 07940
  • 12 Cook Ave, Madison, NJ 07940
    12 Cook Ave, Madison, NJ 07940
    12 Cook Ave, Madison, NJ 07940
    /9

    $2,650 Per Month

    • 2 Beds
    • 1 Bath
    • Condo for Rent

    12 Cook Ave, Madison, NJ 07940

    Two bedroom newly renovated first floor unit close to downtown, NYC Trains and restaurants. Central Air, laundry in unit. Two parking spaces in building parking lot included.

    DAVID CHIAROLANZIO HOWARD HANNA RAND REALTY

    12 Cook Ave, Madison, NJ 07940
  • 10 Elmer St Unit J, Madison, NJ 07940
    10 Elmer St Unit J, Madison, NJ 07940
    10 Elmer St Unit J, Madison, NJ 07940
    /14

    $2,675 Per Month

    • 1 Bed
    • 1.5 Baths
    • 960 Sq Ft
    • Condo for Rent

    10 Elmer St Unit J, Madison, NJ 07940

    Luxury apt in elevator building in downtown Madison includes parking just 1 blk to Manhattan Direct train, shops & restaurants. Laundry in unit too! High ceilings, wood floors, SS appliances, granite counters, master suite with private bath & walk-in closet, guest lavatory, parking lot with rear foyer entrance. Tenant pays utilities. Available July 1. Photos from prior to current tenant's

    VALARIE ELLIS-FRIEDMAN RE/MAX ACHIEVERS

    10 Elmer St Unit J, Madison, NJ 07940
  • 140 Kingston Ct Unit O4, Madison, NJ 07940
    140 Kingston Ct Unit O4, Madison, NJ 07940
    140 Kingston Ct Unit O4, Madison, NJ 07940
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    $4,200 Per Month

    • 2 Beds
    • 2.5 Baths
    • Condo for Rent

    140 Kingston Ct Unit O4, Madison, NJ 07940

    Enjoy this fabulous residence in Madison's finest townhome community with amazing amenities and top-rated schools. Enter through the front or via your one-car attached garage to the eat-in kitchen overlooking the open living room with a woodburning fireplace connected to your private patio area and a powder room. The top floor provides two spacious bedrooms each with walk-in closets and a private

    Simon Westfall-Kwong EXP REALTY, LLC

    140 Kingston Ct Unit O4, Madison, NJ 07940
New Jersey Morris County Madison

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 $4,575 per month, though prices vary by neighborhood, size, and property type. As of June 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 $199,960 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 $4,999 per month in Madison, NJ, renters typically need to show $14,997 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 22.4, 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.

Rental Home Trends in Madison, NJ

There are currently 5 condos available for rent in Madison, NJ. The median rent is $4,575 per month, with 1-bedroom condos renting at $3,700, 2-bedroom condos at $4,200 and 3-bedroom condos at $4,975.

Rental Home Trends

Number of Condos for Rent
5
Median Condo Rent
$4,575
Median 1 Bedroom Condo Rent
$3,700
Median 2 Bedroom Condo Rent
$4,200
Median 3 Bedroom Condo Rent
$4,975
How to Rent a Home

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