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

Discover affordable housing in Collingswood where there are 1+ 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.

Collingswood Arms

30 Washington Ave, Collingswood, New Jersey 08108

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

What HUD offices serve Collingswood, 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 Collingswood, New Jersey.

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

How many renters live in Collingswood, New Jersey?

The City of Collingswood has 14,135 people living in 6,698 households.

There are 5,175 renters living in 3,140 renter households in this City. Renters make up 36.61 percent of the population living in Collingswood.

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

There are an estimated 7,079 housing units in the Collingswood area. Of these, 3,344 units are rental homes, making up 47 percent of the housing market. For every renter household in Collingswood, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Collingswood?

The rental vacancy rate in Collingswood is 6 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 Collingswood for each bedroom size?

Occupied Rental Units by Size in Collingswood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
103 1,806 934 271 26
Occupied Rental Units by Size in Collingswood

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

Among renter households in this market, 56 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 Collingswood

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 Collingswood, New Jersey

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

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 79 77 percent
One BR 1,382 77 percent
Two BR 460 49 percent
Rental Units Below FMR in Collingswood, New Jersey

How many affordable rental units are in Collingswood?

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

Federal Program Unit Count
Public Housing 95
Tracked Units by Federal Program in Collingswood, New Jersey

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

Income Based Apartments in Collingswood, New Jersey

Collingswood features 95 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 Collingswood, New Jersey

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

Housing Choice Vouchers in Collingswood, New Jersey

On average, Section 8 Housing Choice vouchers pay Collingswood landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Collingswood.

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

Sourced from federal housing data and AffordableHousingOnline.com research.