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

Discover affordable housing in Freehold 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.

Heritage Village at Elton Corner

895 Elton Adelphia Rd., Freehold, New Jersey 07728

Hudson Manor

40 Hudson Street, Freehold, New Jersey 07728

The Continental at Freehold

40 Jackson St, Freehold, New Jersey 07728

The Continental at Freehold Senior

30 Jackson St, Freehold, New Jersey 07728

Monmouth County Independant Living Complex

17 Lincoln Pl, Freehold, New Jersey 07728

Freehold Consumer Home

27 Sheriff St, Freehold, New Jersey 07728

East Main Street Group Home

93 E Main St, Freehold, New Jersey 07728

Bergerville Group Home

86A Bergerville Rd, Freehold, New Jersey 7728

Wemrock Senior Living

1 Arbor Terrace, Freehold, New Jersey 07728

Kershaw Commons

6000 Applewood Dr #6100, Freehold, New Jersey 07728

Monmouth Court

107 Throckmorton St, Freehold, New Jersey 07728

The Crossroads at Howell

720 Route 9 South, Freehold, New Jersey 07728

MONMOUTH HOMES 2002

6 CRESTWOOD DR, Freehold, New Jersey 7728

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

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

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

How many renters live in Freehold, New Jersey?

The City of Freehold has 5,150 people living in 1,633 households.

There are 294 renters living in 142 renter households in this City. Renters make up 5.71 percent of the population living in Freehold.

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

There are an estimated 1,683 housing units in the Freehold area. Of these, 192 units are rental homes, making up 11 percent of the housing market. For every renter household in Freehold, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Freehold?

The rental vacancy rate in Freehold is 26 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 Freehold for each bedroom size?

Occupied Rental Units by Size in Freehold
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 93 44 0 5
Occupied Rental Units by Size in Freehold

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

Among renter households in this market, 71 percent have housing cost burden. Further, 37 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 Freehold

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 Freehold, New Jersey

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

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
One BR 53 57 percent
Two BR 0 100 percent
Rental Units Below FMR in Freehold, New Jersey

How many affordable rental units are in Freehold?

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

Federal Program Unit Count
Low Income Housing Tax Credit 75
Tracked Units by Federal Program in Freehold, New Jersey

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

Income Based Apartments in Freehold, New Jersey

Freehold features 270 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 Freehold, New Jersey

There are 458 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Freehold.

Housing Choice Vouchers in Freehold, New Jersey

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.