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 August 2025, the average apartment rent in Downtown Elizabeth is $1,465 for a studio, $1,796 for one bedroom, $2,439 for two bedrooms, and $1,996 for three bedrooms. Apartment rent in Downtown Elizabeth has increased by 1.0% in the past year.
Studio
471 sq ft
Average Sq Ft
$1,465/month
Average Rent
1 BR
709 sq ft
Average Sq Ft
$1,796/month
Average Rent
2 BR
972 sq ft
Average Sq Ft
$2,439/month
Average Rent
3 BR
993 sq ft
Average Sq Ft
$1,996/month
Average Rent
Walker's Paradise
out of 100 WalkScore® Rating
Lace up your walking shoes because this area is considered a walker’s paradise.
Good Transit
out of 100 TransitScore® Rating
The area around this property has good transit with many nearby transportation options.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
3,271
Communities
911,709
Units
848
Cities
689
Communities
187,022
Units
324
Cities
662
Communities
128,640
Units
260
Cities
600
Communities
101,244
Units
214
Cities
601
Communities
161,669
Units
241
Cities
522
Communities
120,393
Units
270
Cities
† 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 June 2025.