Ranked Among 25 Best U.S. Small Towns to Live In by Livability.com. Offering a stimulating atmosphere and university town energy, Madison Borough creates a distinctive small-town lifestyle. The area's strong research base fueled a business explosion in the last two decades of the 20th century. Madison's lovely tree-lined streets, and ornate homes create an enchanting setting. Drew University and Fairleigh Dickinson University influences enriches the community and sets exceptionally high educational standards. NJ Transit Train with direct lines to NYC. It is a great commuter town! Recreational amenities include active YMCA , athletic fields, tennis courts, swimming pools, and lush parks with trails. Also nearby are forested wildlife reservations, such as the South Mountain Reservation. Encircling the borough, Madison Township provides a more suburban atmosphere with immediate access to the borough's amenities. Also close proximity to major highways.