Updated 20 Hours Ago
Location
40 Loantaka Way #F, Madison, NJ 07940, USA
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Amenities for 40 Loantaka Way #F
Features
| Fireplace | Hardwood Floor |
Grounds
| Assigned Parking | Outdoor Space |
| Storage |
Other
| Four Rooms |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Parking Policy
Assigned Parking
Questions about this property’s policies and fees?
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About 40 Loantaka Way #F
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.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 40 Loantaka Way #F compares to other nearby properties.
Positives
- Fireplace
- Upgraded in-unit features
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
- Greater distance from high schools
- The nearest high school is farther than 1 mile away
- Greater distance from grade schools
- The nearest elementary school is farther than 0.5 mile away
- No in-unit dishwasher
- Dishwashers aren't available
Address details
| Zip code | 07940 |
|---|---|
| Type | Condo for rent |
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Rent trends in Madison
2-bedroom apartments at 40 Loantaka Way #F cost about 19% less than the average rent price for 2-bedroom apartments in Madison.
Median rents as of Jul 11 2026.
Madison
| Month | Median Rent |
|---|---|
| July 2024 | $3,950 |
| August 2024 | $3,930 |
| September 2024 | $3,950 |
| 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 | $4,200 |
Affordability calculator
Can I afford to live at 40 Loantaka Way #F?
Bedrooms
2 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$136,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $136,000 annually to afford this 2-bedrooms monthly rent price of $3,400.
For more information on rent affordability, visit our rent calculator.
Schools near 40 Loantaka Way #F
Torey J. Sabatini School
glenwild circle
madison, NJ, 7940
K-5Public
A
Central Avenue School
50 central ave
madison, NJ, 7940
PK, K-5Public
A-
Kings Road School
215 kings rd
madison, NJ, 7940
K-5Public
A
Harding Township School
34 lees hill rd
new vernon, NJ, 7976
PK, K-8Public
A
Developmental Learning Center - New Providence
330 central ave
new providence, NJ, 7974
K-9Public
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Internet available near 40 Loantaka Way #F
Neighborhood
Getting around Madison near 40 Loantaka Way #F
Walking
4/10
Some shops and stores are within a few minutes.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
3/10
There are a few mass transit options within the area.
Points of interest for 40 Loantaka Way #F, Madison
Groceries
5/10
Variety of groceries within a short drive
Shopping
4/10
Some shops within a short drive
Cafes
2/10
Some cafés within a short drive
Restaurants
5/10
Variety of restaurants within a short drive
Primary schools
5/10
At least one elementary school within a 20-minute walk
High schools
1/10
Closest high school further than a 30-minute walk
Parks
8/10
Very large amount of park space within a few minutes' walk
Nightlife
3/10
Some bars within a short drive
Explore the area around 40 Loantaka Way #F
Healthy Italia
53 Main St
Madison Market LLC
17 Greenwood Ave
Stop & Shop Supermarket
133 Main St
Buyers Edge, Inc.
667 Shunpike Rd
ShopRite of Chatham
641 Shunpike Rd
Elite Repeat LLC
16 Park Ave
Thrift Shop Independent
33 Kings Rd
Henderson Bea
4 Green Village Rd
Alfred's Sport Shop
32 Main St
D Torr
36 Main St
Madison Market LLC
17 Greenwood Ave
Starbucks
640 Shunpike Rd
Dunkin'
641 Shunpike Rd
WFM Coffee Bar
222 Main St
Dunkin'
227 Main St
54 Main Bar & Grille
54 Main St
Tavern on Main LLC
54 Main St
Prospect Tavern
14 Prospect St
Vanderbilt's Sports and Spirits
175 Park Ave
AKB A Hotel Bar Florham Park
130 Park Ave
Baba's Bakery Cafe LLC
39 Kings Rd
Crowley Cupcakes
7 Waverly Pl
Woodland Bakery
650 Shunpike Rd
Market Plate
222 Main St
Purple Grapefruit Inc
74 Dicksons Mill Rd
Zuck Arboretum
Garden
Garden
Torey J. Sabatini School Playground
Gibbons Pines Park
Legacy Piii Maple Corner LLC
7 Giralda Farms
Terraces Cafe Tenant LLC
7 Giralda Farms
Dartcort Food
1 Giralda Farms
Tony Boy's Sandwich
90 Park Ave
Grillera Mediterranean Cuisine
91 Park Ave
RT-124 AT DREW UNIVERSITY
MADISON AVE AT DODGE DR
RT-124 AT DREW UNIVERSITY
MADISON AVE AT DANFORTH RD
DANFORTH RD AT BEECH AVE#
MADISON
Morris & Essex Line
CONVENT
Morris & Essex Line
CHATHAM
Morris & Essex Line
MORRISTOWN
Morris & Essex Line
NEW PROVIDENCE
Gladstone Branch
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