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

Discover affordable housing in Cresskill 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.

Cresskill Mews

3 Tenakill Park E, Cresskill, New Jersey 07626

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cresskill, New Jersey
$35.83/hour
$22.10 (+161%) more than New Jersey minimum wage and $28.58 (+394%) more than the Federal minimum wage.
Learn More About Cresskill, New Jersey Affordable Housing ↓

What HUD offices serve Cresskill, 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, Housing Opportunities for Persons with AIDS (HOPWA) programs for Cresskill, New Jersey.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Cresskill, New Jersey.

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

How many renters live in Cresskill, New Jersey?

The City of Cresskill has 9,105 people living in 3,060 households.

There are 1,548 renters living in 599 renter households in this City. Renters make up 17 percent of the population living in Cresskill.

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

There are an estimated 3,136 housing units in the Cresskill area. Of these, 660 units are rental homes, making up 21 percent of the housing market. For every renter household in Cresskill, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Cresskill?

The rental vacancy rate in Cresskill 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 Cresskill for each bedroom size?

Occupied Rental Units by Size in Cresskill
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
81 131 131 193 40
Occupied Rental Units by Size in Cresskill

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

Among renter households in this market, 57 percent have housing cost burden. Further, 34 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 Cresskill

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,400 to $2,946. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,400
One BR $1,645
Two BR $1,892
Three BR $2,342
Four BR $2,946
2024 Fair Market Rents in Cresskill, New Jersey

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

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 65 80 percent
One BR 15 11 percent
Two BR 47 36 percent
Rental Units Below FMR in Cresskill, New Jersey

How many affordable rental units are in Cresskill?

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

Federal Program Unit Count
Low Income Housing Tax Credit 18
Tracked Units by Federal Program in Cresskill, New Jersey

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

Income Based Apartments in Cresskill, New Jersey

Cresskill 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 Cresskill, New Jersey

There are 75 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cresskill.

Housing Choice Vouchers in Cresskill, New Jersey

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Cresskill, New Jersey for a two-bedroom apartment is between $1,703 and $2,081.

Sourced from federal housing data and AffordableHousingOnline.com research.