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Madison, NJ rent trends

Rental prices in Madison, NJ have increased by 11% over the past year. The average rent moved from $2,756 to $3,059.

Check out the average rent prices in Madison by neighborhood.

Compared to the national average rent of $1,740, the average rent in Madison, NJ is $3,059.

Average rent in Madison, NJ

$3,059/mo Madison, NJ average rental price, February 2026
Image Average Rent

The average monthly rent of apartments in Madison, NJ is $3,059.

    What's the typical rent budget in Madison, NJ?

    About 35% of apartment rents in Madison, NJ range between > $3,000. Around 35% of Madison’s apartments are in the $2,501-$3,000 price range. 30% of apartments are priced between $2,001-$2,500.

    The largest share of rentals in Madison, NJ (35%) fall between $2,501-$3,000 per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Madison, NJ

    81 /100
    Very Walkable
    45 /100
    Somewhat Bikeable
    Walk Score®: 81, Bike Score®: 45

    Frequently asked questions

    What type of rental buildings are in Madison, NJ?

    In Madison, 36% of the residents are renting compared to 64% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 11% of Madison's rentals, 72% are small-scale complexes with under 50 units, and 17% are single-family rentals.

    Living in Madison, NJ

    Madison, New Jersey, positioned about 25 miles west of New York City, offers convenient access to major urban centers while maintaining a small-town charm. The city’s proximity to Newark allows residents to enjoy the tranquility of suburban life with easy access to urban amenities. Madison is known for attracting professionals from various industries, notably pharmaceuticals, technology, and education, largely due to the presence of Drew University and Fairleigh Dickinson University.

    The city boasts several parks and recreational areas, such as the expansive Drew University Arboretum and the active Madison Recreation Complex, providing ample opportunities for outdoor activities. Madison's arts scene is enriched by institutions like the Shakespeare Theatre of New Jersey and the Madison Arts and Culture Alliance, which promote local arts events throughout the year. The historic downtown area accents the city's rich architectural heritage.

    When it comes to cuisine, Madison features a diverse array of dining options. From upscale contemporary American restaurants to casual international eateries, the city caters to various palates with Italian, Mexican, and Asian cuisine being particularly popular among locals. The quality of public education is another draw for renters, with the Madison Public School District consistently receiving high ratings.

    Renting in Madison, NJ

    In Madison, renters can find a mix of modern apartments, charming Victorian homes, and mid-century houses for rent. The downtown area is ideal for those who appreciate historic architecture and proximity to local businesses and eateries. For families, the neighborhoods around Madison High School are highly sought after due to their tranquility and proximity to top-rated educational institutions.

    Rental properties range from one-bedroom apartments in renovated buildings to spacious four-bedroom homes, catering to singles, young professionals, and families alike. The Hill and the Highlands are two neighborhoods that offer scenic views and quieter living arrangements, attractive to those who prefer a more subdued environment.

    Things for renting

    Shopping in Madison, NJ

    Madison's main shopping hub is its historic downtown area, where one can find a variety of boutiques, specialty stores, and essential services. This district is renowned for its charming local crafts and unique small businesses, including independent bookstores and family-owned jewelry shops. The Madison Farmers Market is a popular destination from spring to fall, offering fresh local produce and artisan goods.

    For more conventional shopping needs, residents typically visit the nearby Short Hills Mall, which houses a range of high-end fashion brands and department stores. Common grocery chains like Whole Foods and Trader Joe's are also readily available in and around Madison.

    Transportation in Madison, NJ

    Madison is well-served by public transportation. The NJ Transit’s Morris & Essex Line connects Madison to New York Penn Station, ideal for commuters heading to Manhattan. This line also connects to other major towns and cities, facilitating regional travel. Local bus services provide additional connectivity within Madison and to neighboring communities.

    For those who prefer to drive, Madison is conveniently located near major highways like Interstate 287, providing easy access to the broader New Jersey area. The closest airports are Newark Liberty International Airport and Morristown Municipal Airport, supporting both domestic and international travel. Additionally, the Madison Shuttle Service offers an alternative local travel option, particularly useful during peak commuting hours.

    Look for apartments near me

    Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

    Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!