Nearby rentals
Property management
Features
| Fireplace | Hardwood Floor |
Grounds
| Assigned Parking | Outdoor Space |
| Storage |
Other
| Four Rooms |
One-time.
One-time. Refundable.
Assigned Parking
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Property Status: Active Madison's best-kept secret is finally available! This beautifully renovated floor plan offers stylish, low-maintenance living in a serene, park-like setting just 1 mile from vibrant downtown Madison & NJ Transit train station. Originally built as faculty housing for Drew University, this exceptional residence has been thoughtfully updated w/ today's renters in mind. The bright interior features luxury vinyl plank flooring throughout, offering the warmth of hardwood w/ durability & pet-friendly appeal. The recently renovated Kitchen showcases new Samsung & GE SS appliances, new cabinetry, & a classic tile backsplash. The spacious Living Room is anchored by a charming wood-burning fireplace, creating a warm & inviting space for relaxing or entertaining. A generously sized Basement storage area provides exceptional flexibility for seasonal items, hobbies, or additional storage needs. Additional highlights include an assigned parking space with ample additional lot parking for a second vehicle or guests. Ideally situated directly across from the scenic Giralda Farms trails, residents enjoy immediate access to miles of preserved open space while being just moments from Madison's renowned restaurants, shops, schools, & commuter conveniences. Offering an unbeatable combination of location, updates, & value, this is a rare opportunity to rent one of Madison's most desirable hidden gems. Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
How 40 Loantaka Way #F compares to other nearby properties.
Positives
Considerations
| Zip code | 07940 |
|---|---|
| Type | Condo for rent |
2-bedroom apartments at 40 Loantaka Way #F cost about 3% less than the average rent price for 2-bedroom apartments in Madison.
| Month | Median Rent |
|---|---|
| September 2024 | $3,966 |
| October 2024 | $3,875 |
| November 2024 | $3,990 |
| December 2024 | $3,568 |
| January 2025 | $3,987 |
| February 2025 | $2,862 |
| March 2025 | $2,710 |
| April 2025 | $2,650 |
| May 2025 | $2,590 |
| June 2025 | $2,525 |
| July 2025 | $2,525 |
| August 2025 | $3,079 |
| September 2025 | $3,127 |
| October 2025 | $3,185 |
| November 2025 | $3,630 |
| December 2025 | $3,775 |
| January 2026 | $3,757 |
| February 2026 | $3,817 |
| March 2026 | $4,100 |
| April 2026 | $4,012 |
| May 2026 | $3,715 |
| June 2026 | $3,425 |
| July 2026 | $3,781 |
| August 2026 | $3,233 |
Can I afford to live at 40 Loantaka Way #F?
Bedrooms
2 bedroomsRent-to-income ratio
30%
$124,000/yr
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1–2 Beds
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1–2 Beds
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