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

Discover affordable housing in Bordentown 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.

Clare Court at The Clare Estate, A 55+ apartment community

201 Crosswicks Street, Bordentown, New Jersey 08505

Waterfront Village

100 Maud Booth Court, Bordentown, New Jersey 08505

The Monastery

201 Crosswicks St, Bordentown, New Jersey 08505

Union Eagle Senior Apartments

1 Spring Street, Bordentown, New Jersey 08505

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

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

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

How many renters live in Bordentown, New Jersey?

The City of Bordentown has 3,989 people living in 1,849 households.

There are 1,586 renters living in 890 renter households in this City. Renters make up 39.76 percent of the population living in Bordentown.

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

There are an estimated 2,076 housing units in the Bordentown area. Of these, 1,014 units are rental homes, making up 49 percent of the housing market. For every renter household in Bordentown, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Bordentown?

The rental vacancy rate in Bordentown is 12 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 Bordentown for each bedroom size?

Occupied Rental Units by Size in Bordentown
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
8 453 339 90 0
Occupied Rental Units by Size in Bordentown

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

Among renter households in this market, 37 percent have housing cost burden. Further, 10 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 Bordentown

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 Bordentown, New Jersey

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

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 5 63 percent
One BR 298 66 percent
Two BR 151 45 percent
Rental Units Below FMR in Bordentown, New Jersey

How many affordable rental units are in Bordentown?

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

Federal Program Unit Count
Low Income Housing Tax Credit 90
Tracked Units by Federal Program in Bordentown, New Jersey

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

Income Based Apartments in Bordentown, New Jersey

Bordentown 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 Bordentown, New Jersey

There are 344 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Bordentown.

Housing Choice Vouchers in Bordentown, New Jersey

On average, Section 8 Housing Choice vouchers pay Bordentown landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Bordentown.

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

Sourced from federal housing data and AffordableHousingOnline.com research.