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

Discover affordable housing in Absecon where there are 4+ 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.

Visions at Absecon-Family & Senior Apartments

3 School View Drive (Affordable) & 13 Stoneybrook Drive (Senior), Absecon, New Jersey 08201

Clayton Mill Run

600 Rose Hill Dr, Absecon, New Jersey 08201

Caringhomes 2010

805 Seaside Ave, Absecon, New Jersey 08201

Caringhomes 2008 - Atlantic City

610 Seminole Ave, Absecon, New Jersey 08201

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Absecon, New Jersey
$31.63/hour
$17.90 (+130%) more than New Jersey minimum wage and $24.38 (+336%) more than the Federal minimum wage.
Learn More About Absecon, New Jersey Affordable Housing ↓

What HUD offices serve Absecon, 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) programs for Absecon, New Jersey.

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

How many renters live in Absecon, New Jersey?

The City of Absecon has 9,086 people living in 3,564 households.

There are 1,851 renters living in 939 renter households in this City. Renters make up 20.37 percent of the population living in Absecon.

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

There are an estimated 3,755 housing units in the Absecon area. Of these, 939 units are rental homes, making up 25 percent of the housing market. For every renter household in Absecon, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Absecon?

The rental vacancy rate in Absecon is 0 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

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

Occupied Rental Units by Size in Absecon
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 272 462 160 45
Occupied Rental Units by Size in Absecon

A large number of apartments in Absecon 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 Absecon are overburdened by housing costs?

Among renter households in this market, 73 percent have housing cost burden. Further, 40 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 Absecon

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,172 to $2,584. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,172
One BR $1,340
Two BR $1,670
Three BR $2,353
Four BR $2,584
2024 Fair Market Rents in Absecon, New Jersey

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

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
One BR 109 40 percent
Two BR 118 26 percent
Rental Units Below FMR in Absecon, New Jersey

How many affordable rental units are in Absecon?

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

Federal Program Unit Count
Low Income Housing Tax Credit 191
Section 8 Project-Based Rental Assistance 1
Section 811 Supportive Housing for Persons with Disabilities 16
Tracked Units by Federal Program in Absecon, New Jersey

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

Income Based Apartments in Absecon, New Jersey

Absecon features 16 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 Absecon, New Jersey

There are 103 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Absecon.

Housing Choice Vouchers in Absecon, New Jersey

On average, Section 8 Housing Choice vouchers pay Absecon landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Absecon.

The maximum amount a voucher would pay on behalf of a low-income tenant in Absecon, New Jersey for a two-bedroom apartment is between $1,503 and $1,837.

Sourced from federal housing data and AffordableHousingOnline.com research.