Low Income Apartments and Affordable Housing For Rent in Salem, NJ

Discover affordable housing in Salem where there are 8+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Salem Historic Homes

90 Carpenter St , Salem, New Jersey 08079

Salem Senior Village Apartments

2 Hires Avenue, Salem, New Jersey 8079

Harvest Point I & II

469 Grieves Parkway, Salem, New Jersey 08079

Litc 747 Salem Senior Village

155 W Broadway, Salem, New Jersey 8079

Whispering Waters Phase II

469 Grieves Pkwy, Salem, New Jersey 08079

Fichera,Frank J

400 Pointers Auburn Road, Salem, New Jersey

Westside Court Broadway Tws

345 Keasbey St, Salem, New Jersey 08079

Home - Chdo Production

4A New Market St, Salem, New Jersey 08079

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Salem, New Jersey
$32.90/hour
$19.17 (+140%) more than New Jersey minimum wage and $25.65 (+354%) more than the Federal minimum wage.
Learn More About Salem, New Jersey Affordable Housing ↓

What HUD offices serve Salem, New Jersey?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Salem, New Jersey.
Operates the Section 8 Housing Choice Voucher (HCV), Public Housing programs for Salem, New Jersey.

Go to the New Jersey Public Housing and Low-Income Apartments Waiting Lists page for openings near Salem.

How many renters live in Salem, New Jersey?

The City of Salem has 5,285 people living in 2,172 households.

There are 3,824 renters living in 1,438 renter households in this City. Renters make up 72.36 percent of the population living in Salem.

What is the rental market like in Salem, New Jersey?

There are an estimated 2,850 housing units in the Salem area. Of these, 1,585 units are rental homes, making up 56 percent of the housing market. For every renter household in Salem, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Salem?

The rental vacancy rate in Salem is 9 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Salem for each bedroom size?

Occupied Rental Units by Size in Salem
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
69 337 613 367 39
Occupied Rental Units by Size in Salem

A large number of apartments in Salem have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Salem are overburdened by housing costs?

Among renter households in this market, 66 percent have housing cost burden. Further, 39 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Salem

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,303 to $2,422. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,303
One BR $1,451
Two BR $1,737
Three BR $2,100
Four BR $2,422
2024 Fair Market Rents in Salem, New Jersey

How many units are rented at Fair Market Rent (FMR) in Salem?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 63 91 percent
One BR 322 96 percent
Two BR 571 93 percent
Rental Units Below FMR in Salem, New Jersey

How many affordable rental units are in Salem?

There are a variety of federal affordable housing programs serving households in Salem, New Jersey including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 655
Public Housing 151
USDA Section 515 Rural Rental Housing 260
Tracked Units by Federal Program in Salem, New Jersey

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Salem, New Jersey

Salem features 440 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Salem, New Jersey

There are 133 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Salem.

Housing Choice Vouchers in Salem, New Jersey

On average, Section 8 Housing Choice vouchers pay Salem landlords $900 per month towards rent. The average voucher holder contributes $300 towards rent in Salem.

The maximum amount a voucher would pay on behalf of a low-income tenant in Salem, New Jersey for a two-bedroom apartment is between $1,563 and $1,911.

Sourced from federal housing data and AffordableHousingOnline.com research.