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

Discover affordable housing in Carteret where there are 13+ 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.

River Run Apartments

Roosevelt and Union Aves, Carteret, New Jersey 07008

Roosevelt Village

100 Roosevelt Ave, Carteret, New Jersey 07008

payment Subsidized

Gateway at Carteret

101 Roosevelt Ave, Carteret, New Jersey 07008

bed 2
payment $2275/mo.

28 N Whittier St Unit 3B

28 N Whittier St Unit 3B, Carteret, New Jersey 07008

bed 3
payment $2700/mo.

86 Edgar St Unit B

86 Edgar St Unit B, Carteret, New Jersey 07008

bed 2
payment $2000/mo.

16 Somerset St Unit 1

16 Somerset St Unit 1, Carteret, New Jersey 07008

bed 3
payment $2600/mo.

9 Pulaski Ave Unit 2

9 Pulaski Ave Unit 2, Carteret, New Jersey 07008

bed 3
payment $2650/mo.

Cleveland Arms

100 Pershing Ave, Carteret, New Jersey 07008

switch_access_shortcut Short Wait
accessibility Accessible

Edw J Dolan Hms

A1 Union St, Carteret, New Jersey 07008

payment Subsidized

Raia and Sirignano - Home

563 Roosevelt Ave, Carteret, New Jersey 07008

Jeanette Smith Village

A1 Edwin St, Carteret, New Jersey 07008

Middlesex County

253 Romanowski St, Carteret, New Jersey 07008

Middlesex County

541 Roosevelt Ave, Carteret, New Jersey 7008

How To Identify Affordable Housing in Carteret, 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.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Carteret, New Jersey
$43.11/hour
$29.38 (+214%) more than New Jersey minimum wage and $35.86 (+495%) more than the Federal minimum wage.
Learn More About Carteret, New Jersey Affordable Housing ↓

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

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

How many renters live in Carteret, New Jersey?

The City of Carteret has people living in households.

There are renters living in renter households in this City. Renters make up 42.95 percent of the population living in Carteret.

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

There are an estimated housing units in the Carteret area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Carteret, New Jersey, there are 1.05 rental units.

What is the vacancy rate for rentals in Carteret?

The rental vacancy rate in Carteret is 2 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 Carteret for each bedroom size?

Occupied Rental Units by Size in Carteret
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
98 913 1,381 888 422
Occupied Rental Units by Size in Carteret

A large number of apartments in Carteret have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Carteret

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,608 to $3,031. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,608
One BR $1,807
Two BR $2,276
Three BR $2,756
Four BR $3,031
2024 Fair Market Rents in Carteret, New Jersey

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

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 98 100 percent
One BR 427 47 percent
Two BR 257 19 percent
Rental Units Below FMR in Carteret, New Jersey

How many affordable rental units are in Carteret?

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

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Carteret, New Jersey

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

Income Based Apartments in Carteret, New Jersey

Carteret features 338 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 Carteret, New Jersey

There are 61 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Carteret.

Housing Choice Vouchers in Carteret, New Jersey

On average, Section 8 Housing Choice vouchers pay Carteret landlords $1,200 per month towards rent. The average voucher holder contributes $400 towards rent in Carteret.

The maximum amount a voucher would pay on behalf of a low-income tenant in Carteret, New Jersey for a two-bedroom apartment is between $2,048 and $2,504.

Sourced from federal housing data and AffordableHousingOnline.com research.

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