Low Income Apartments and Affordable Housing For Rent in Asbury Park, NJ

Discover affordable housing in Asbury Park where there are 18+ 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.

Asbury Tower

1701 Ocean Ave, Asbury Park, New Jersey 7712

Stephen Manor

1100 Atlantic Ave, Asbury Park, New Jersey 07712

Phillips Seaview Towers

206 1st Avenue, Asbury Park, New Jersey 07712

Vita Gardens Apartments

120 Monmouth Ave, Asbury Park, New Jersey 07712

Asbury Park Consumer Home

1711 3rd Ave, Asbury Park, New Jersey 07712

Holly House Apartments

100 Drury Ln, Asbury Park, New Jersey 07712

Boston Way Village

1100 Boston Way, Asbury Park, New Jersey 07712

The Renaissance at Asbury Park

1012 Springwood Ave, Asbury Park, New Jersey 7712

Center House

806 3rd Ave, Asbury Park, New Jersey 07712

Parkcrest Apartments

602 5th Ave, Asbury Park, New Jersey 07712

1503 Sewall Avenue 332

1503 Sewall Ave, Asbury Park, New Jersey 07712

Dr E a Robinson Towers

1000 3rd Ave, Asbury Park, New Jersey 07712

Charles Lumley Homes

1004 Comstock St, Asbury Park, New Jersey 07712

Washington Village

1259 Washington Ave, Asbury Park, New Jersey 07712

Comstock Court

1018 1st Ave, Asbury Park, New Jersey 07712

Mattison Arms

1019 Mattison Ave, Asbury Park, New Jersey 07712

Luther Haven

309 1st Ave, Asbury Park, New Jersey 07712

705 4th Avenue 293

705 4th Ave, Asbury Park, New Jersey 07712

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Asbury Park, New Jersey
$36.29/hour
$22.56 (+164%) more than New Jersey minimum wage and $29.04 (+401%) more than the Federal minimum wage.
Learn More About Asbury Park, New Jersey Affordable Housing ↓

What HUD offices serve Asbury Park, 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 Asbury Park, New Jersey.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Asbury Park, New Jersey.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Asbury Park, New Jersey.

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

How many renters live in Asbury Park, New Jersey?

The City of Asbury Park has 15,245 people living in 7,477 households.

There are 10,293 renters living in 5,176 renter households in this City. Renters make up 67.52 percent of the population living in Asbury Park.

What is the rental market like in Asbury Park, New Jersey?

There are an estimated 8,629 housing units in the Asbury Park area. Of these, 5,566 units are rental homes, making up 65 percent of the housing market. For every renter household in Asbury Park, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Asbury Park?

The rental vacancy rate in Asbury Park is 5 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 Asbury Park for each bedroom size?

Occupied Rental Units by Size in Asbury Park
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
583 2,488 1,194 743 152
Occupied Rental Units by Size in Asbury Park

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

Among renter households in this market, 54 percent have housing cost burden. Further, 31 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 Asbury Park

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,385 to $2,904. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,385
One BR $1,546
Two BR $1,916
Three BR $2,604
Four BR $2,904
2024 Fair Market Rents in Asbury Park, New Jersey

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

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 305 52 percent
One BR 1,387 56 percent
Two BR 455 38 percent
Rental Units Below FMR in Asbury Park, New Jersey

How many affordable rental units are in Asbury Park?

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

Federal Program Unit Count
Low Income Housing Tax Credit 945
Public Housing 274
Section 8 Project-Based Rental Assistance 427
Section 236 Rental Assistance 350
Section 811 Supportive Housing for Persons with Disabilities 11
Tracked Units by Federal Program in Asbury Park, New Jersey

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

Income Based Apartments in Asbury Park, New Jersey

Asbury Park features 721 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 Asbury Park, New Jersey

There are 565 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Asbury Park.

Housing Choice Vouchers in Asbury Park, New Jersey

On average, Section 8 Housing Choice vouchers pay Asbury Park landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Asbury Park.

The maximum amount a voucher would pay on behalf of a low-income tenant in Asbury Park, New Jersey for a two-bedroom apartment is between $1,724 and $2,108.

Sourced from federal housing data and AffordableHousingOnline.com research.