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

Discover affordable housing in Belmar where there are 2+ 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.

Allaire Crossing

2011 New Bedford Rd, Belmar, New Jersey 07719

Belmar Plaza Apartments

710 8th Ave, Belmar, New Jersey 07719

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

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

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

How many renters live in Belmar, New Jersey?

The City of Belmar has 5,877 people living in 2,699 households.

There are 2,674 renters living in 1,326 renter households in this City. Renters make up 45.5 percent of the population living in Belmar.

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

There are an estimated 3,831 housing units in the Belmar area. Of these, 1,459 units are rental homes, making up 38 percent of the housing market. For every renter household in Belmar, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Belmar?

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

Occupied Rental Units by Size in Belmar
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
47 615 298 292 62
Occupied Rental Units by Size in Belmar

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

Among renter households in this market, 47 percent have housing cost burden. Further, 20 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 Belmar

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 Belmar, New Jersey

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

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 36 77 percent
One BR 366 60 percent
Two BR 51 17 percent
Rental Units Below FMR in Belmar, New Jersey

How many affordable rental units are in Belmar?

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

Federal Program Unit Count
Public Housing 50
Tracked Units by Federal Program in Belmar, New Jersey

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

Income Based Apartments in Belmar, New Jersey

Belmar features 116 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 Belmar, New Jersey

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Belmar.

Housing Choice Vouchers in Belmar, New Jersey

On average, Section 8 Housing Choice vouchers pay Belmar landlords $1,000 per month towards rent. The average voucher holder contributes $600 towards rent in Belmar.

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

Sourced from federal housing data and AffordableHousingOnline.com research.