Rentometer, Inc. | Data as of 10/23/2025
Madison, New Jersey offers a vibrant rental market that balances historic charm with modern convenience, making it a sought‑after destination for both young professionals and families. Nestled in Morris County, the city boasts a walkable downtown lined with boutique shops, celebrated eateries, and cultural venues such as the Madison Community Center. Excellent commuter options—including a direct NJ Transit line to Manhattan—provide easy access to the city while maintaining a suburban atmosphere. The area’s top‑rated schools and lush parks, like Frelinghuysen Park, add to its appeal for renters seeking a well‑rounded lifestyle.
The rental inventory in Madison features a blend of apartments and single‑family homes, catering to a range of preferences. One‑bedroom apartments commonly fall within the $3,000 range, offering contemporary finishes and proximity to the train station. Two‑bedroom units are typically priced in the $4,000 range, providing additional space for roommates or small families. Larger three‑bedroom apartments command a premium, often situated in the $5,000‑$6,000 bracket, and are ideal for those needing more room or a home‑office setup. While houses represent a smaller segment of the market, they contribute to the city’s diverse housing options and reflect Madison’s residential character.
Beyond housing, Madison’s attractions enhance its rental desirability. The historic train depot, the annual Madison Arts & Culture Festival, and nearby outdoor recreation at the Great Swamp National Wildlife Refuge create a lively community backdrop. With its combination of convenient transportation, quality education, and a thriving local scene, Madison remains a compelling choice for renters looking to enjoy the best of New Jersey living.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $3,091 | $3,152 | $2,130 - $4,450 | $2,460 - $3,650 |
| Apartment | 2 Bedroom | $4,214 | $4,100 | $1,200 - $6,950 | $3,145 - $4,950 |
| Apartment | 3 Bedroom | $5,082 | $5,975 | $1,600 - $6,950 | $4,890 - $5,999 |
In the current period, the average rent in Madison was
$3,092 for 1 Bedroom,
$4,143 for 2 Bedroom, and
$4,711 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.