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

Discover affordable housing in Bellmawr where there are 1+ 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.

Litc 716 - Bellmawr Senior Housing

255 W Browning Rd, Bellmawr, New Jersey 08031

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Bellmawr, 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 Bellmawr, New Jersey Affordable Housing ↓

What HUD offices serve Bellmawr, 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 Bellmawr, New Jersey.

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

How many renters live in Bellmawr, New Jersey?

The City of Bellmawr has 11,677 people living in 4,834 households.

There are 4,050 renters living in 1,858 renter households in this City. Renters make up 34.68 percent of the population living in Bellmawr.

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

There are an estimated 5,154 housing units in the Bellmawr area. Of these, 1,934 units are rental homes, making up 38 percent of the housing market. For every renter household in Bellmawr, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Bellmawr?

The rental vacancy rate in Bellmawr is 4 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 Bellmawr for each bedroom size?

Occupied Rental Units by Size in Bellmawr
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
10 815 619 378 28
Occupied Rental Units by Size in Bellmawr

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

Among renter households in this market, 37 percent have housing cost burden. Further, 13 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 Bellmawr

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 Bellmawr, New Jersey

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

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 10 100 percent
One BR 728 89 percent
Two BR 500 81 percent
Rental Units Below FMR in Bellmawr, New Jersey

How many affordable rental units are in Bellmawr?

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

Federal Program Unit Count
Low Income Housing Tax Credit 260
Section 811 Supportive Housing for Persons with Disabilities 6
Tracked Units by Federal Program in Bellmawr, New Jersey

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

Income Based Apartments in Bellmawr, New Jersey

Bellmawr features 0 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 Bellmawr, New Jersey

There are 130 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bellmawr.

Housing Choice Vouchers in Bellmawr, New Jersey

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.