The Madison at Elizabeth
310 Madison Ave,
Elizabeth, NJ 07201
$1,950 - $2,900
1-2 Beds
Situated on the west side of Newark Bay, flowing into the Atlantic Ocean, Downtown Elizabeth is a diverse neighborhood in the heart of Elizabeth, New Jersey. This quaint commercial district offers various businesses and retailers, as well as local restaurants, banks, hospitals, and historic buildings.
Downtown Elizabeth is a great place to put down roots for those looking to commute to New York. This neighborhood is about 15 miles southwest of New York City and is easily accessible by road or public transit. The Elizabeth train station with New Jersey Transit will take you all the way north to Midtown Manhattan and all the way south to Bay Head, New Jersey. If you’re a frequent flyer, proximity to Newark Liberty International Airport is a surefire perk!
A commuter-friendly neighborhood, Downtown Elizabeth offers more affordable rent for apartments and condos than neighboring areas, which is a pleasant surprise considering its close proximity to the hustle and bustle of New York’s lively boroughs!
As of March 2026, the average apartment rent in Downtown Elizabeth is $1,517 for a studio, $1,817 for one bedroom, $2,411 for two bedrooms, and $1,826 for three bedrooms. Apartment rent in Downtown Elizabeth has decreased by -0.5% in the past year.
Studio
471 sq ft
Average Sq Ft
$1,517/month
Average Rent
1 BR
710 sq ft
Average Sq Ft
$1,817/month
Average Rent
2 BR
972 sq ft
Average Sq Ft
$2,411/month
Average Rent
3 BR
957 sq ft
Average Sq Ft
$1,826/month
Average Rent
Explore how walkable, bikeable, drivable, and transit-friendly Downtown Elizabeth - Elizabeth, NJ is for everyday living.
Walker's Paradise
Lace up your walking shoes because this area is considered a walker’s paradise.
Good Transit
The area around this property has good transit with many nearby transportation options.
Bikeable
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.