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

Discover affordable housing in Boonton 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.

New Bridge Independent Housing

411 Birch St, Boonton, New Jersey 07005

40 Rock Ln

40 Rock Ln, Boonton, New Jersey 07005

bed 3
payment $2250/mo.

Jewish Service for Developmentally Disabled

5 Pleasant Ter, Boonton, New Jersey 07005

Riverview Apartments Chestnut Cottages

122 Plane St, Boonton, New Jersey 07005

How To Identify Affordable Housing in Boonton, New Jersey

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Boonton, New Jersey
$22.56 (+164%) more than New Jersey minimum wage and $29.04 (+401%) more than the Federal minimum wage.
Learn More About Boonton, New Jersey Affordable Housing ↓

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

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

How many renters live in Boonton, New Jersey?

The City of Boonton has 8,781 people living in 3,414 households.

There are 3,742 renters living in 1,494 renter households in this City. Renters make up 42.61 percent of the population living in Boonton.

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

There are an estimated 3,639 housing units in the Boonton area. Of these, 1,551 units are rental homes, making up 43 percent of the housing market. For every renter household in Boonton, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Boonton?

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

Occupied Rental Units by Size in Boonton
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
35 385 445 498 41
Occupied Rental Units by Size in Boonton

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

Among renter households in this market, 50 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 Boonton

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,379 to $2,800. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,379
One BR $1,590
Two BR $1,916
Three BR $2,424
Four BR $2,800
2024 Fair Market Rents in Boonton, New Jersey

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

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 27 77 percent
One BR 300 78 percent
Two BR 149 33 percent
Rental Units Below FMR in Boonton, New Jersey

How many affordable rental units are in Boonton?

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

Federal Program Unit Count
Section 811 Supportive Housing for Persons with Disabilities 4
Tracked Units by Federal Program in Boonton, New Jersey

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

Income Based Apartments in Boonton, New Jersey

Boonton features 84 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 Boonton, New Jersey

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

Housing Choice Vouchers in Boonton, New Jersey

On average, Section 8 Housing Choice vouchers pay Boonton landlords $900 per month towards rent. The average voucher holder contributes $600 towards rent in Boonton.

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

Sourced from federal housing data and AffordableHousingOnline.com research.