Affordable Housing In Monmouth County
New Jersey

Affordable Housing programs support 4,983 income based apartments in Monmouth County where households pay rent based on how much they earn.

There are 2,960 affordable apartments in Monmouth County that offer reduced rents to low-income households.

Waiting Lists in Monmouth County, New Jersey

There are no open Section 8 Housing Choice Voucher waiting lists in Monmouth County. Go to the New Jersey Section 8 Waiting Lists page for openings near Monmouth County.

Valley Brook Village

100 Tracey Ct
Belford, New Jersey
Call For Rent
1-2 BR
Affordable

Asbury Tower

1701 Ocean Ave
Asbury Park, New Jersey
$844-1,023
Studio-1 BR
Affordable

Oceanport Gardens

274 E Main St
Oceanport, New Jersey
Call For Rent
1-2 BR
Rent Assisted
Affordable

Heritage Village at Manalapan for Adults 55 Plus

216 Woodward Road
Manalapan, New Jersey
$1,094-1,311
1-2 BR
Affordable

The Willows at Collingwood Park

2 Liron Ln
Farmingdale, New Jersey
Call For Rent
1-3 BR
Affordable

Heritage Village at Oakhurst

777 West Park Avenue
Oakhurst, New Jersey
$1,098-1,318
1-2 BR
55+

Bayshore Village

100 Shoal Harbor Court
Port Monmouth, New Jersey
$901-1,311
1-2 BR
Affordable

Wemrock Senior Living

1 Arbor Terrace
Freehold, New Jersey
Call For Rent
1-2 BR
Affordable

Conifer Village at Middletown

100 Beaman Blvd.
Atlantic Highlands, New Jersey
Call For Rent
1-2 BR
Affordable

Silver Vista/ Sebastian Villa

2305 W Bangs Ave
Neptune, New Jersey
Income Based
1 BR
Rent Assisted
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Affordable Housing In Monmouth County

View affordable apartments and waiting lists in cities near Monmouth County

City Apartments
Affordable Housing In Aberdeen, NJ Affordable Housing programs support 2 apartment communities in Aberdeen.
Affordable Housing In Asbury Park, NJ Affordable Housing programs support 18 apartment communities in Asbury Park.
Affordable Housing In Atlantic Highlands, NJ Affordable Housing programs support 2 apartment communities in Atlantic Highlands.
Affordable Housing In Belford, NJ Affordable Housing programs support 1 apartment communities in Belford.
Affordable Housing In Belmar, NJ Affordable Housing programs support 2 apartment communities in Belmar.
Affordable Housing In Cliffwood Beach, NJ Affordable Housing programs support 1 apartment communities in Cliffwood Beach.
Affordable Housing In Eatontown, NJ Affordable Housing programs support 2 apartment communities in Eatontown.
Affordable Housing In Farmingdale, NJ Affordable Housing programs support 2 apartment communities in Farmingdale.
Affordable Housing In Freehold, NJ Affordable Housing programs support 13 apartment communities in Freehold.
Affordable Housing In Hazlet, NJ Affordable Housing programs support 2 apartment communities in Hazlet.
Affordable Housing In Highlands, NJ Affordable Housing programs support 2 apartment communities in Highlands.
Affordable Housing In Howell, NJ Affordable Housing programs support 5 apartment communities in Howell.
Affordable Housing In Keansburg, NJ Affordable Housing programs support 6 apartment communities in Keansburg.
Affordable Housing In Keyport, NJ Affordable Housing programs support 2 apartment communities in Keyport.
Affordable Housing In Lincroft, NJ Affordable Housing programs support 2 apartment communities in Lincroft.
Affordable Housing In Long Branch, NJ Affordable Housing programs support 14 apartment communities in Long Branch.
Affordable Housing In Manalapan, NJ Affordable Housing programs support 4 apartment communities in Manalapan.
Affordable Housing In Matawan, NJ Affordable Housing programs support 1 apartment communities in Matawan.
Affordable Housing In Middletown, NJ Affordable Housing programs support 3 apartment communities in Middletown.
Affordable Housing In Middletown Township, NJ Affordable Housing programs support 1 apartment communities in Middletown Township.
Affordable Housing In Millstone, NJ Affordable Housing programs support 1 apartment communities in Millstone.
Affordable Housing In Neptune, NJ Affordable Housing programs support 8 apartment communities in Neptune.
Affordable Housing In Neptune City, NJ Affordable Housing programs support 1 apartment communities in Neptune City.
Affordable Housing In Oakhurst, NJ Affordable Housing programs support 1 apartment communities in Oakhurst.
Affordable Housing In Oceanport, NJ Affordable Housing programs support 2 apartment communities in Oceanport.
Affordable Housing In Port Monmouth, NJ Affordable Housing programs support 1 apartment communities in Port Monmouth.
Affordable Housing In Red Bank, NJ Affordable Housing programs support 6 apartment communities in Red Bank.
Affordable Housing In Roosevelt, NJ Affordable Housing programs support 1 apartment communities in Roosevelt.
Affordable Housing In Shrewsbury, NJ Affordable Housing programs support 1 apartment communities in Shrewsbury.
Affordable Housing In Tinton Falls, NJ Affordable Housing programs support 6 apartment communities in Tinton Falls.
Affordable Housing In West Long Branch, NJ Affordable Housing programs support 1 apartment communities in West Long Branch.

Public Housing Agencies Serving Monmouth County, 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.

Housing Authority Programs
Monmouth County Public Housing Agency Section 8 Housing Choice Voucher (HCV)
State of New Jersey Department of Community Affairs Section 8 Housing Choice Voucher (HCV)
Go to the New Jersey Public Housing and Low-Income Apartments Waiting Lists page for openings near Monmouth County.

Monmouth County, New Jersey Affordable Housing Data

Income Based Apartments in Monmouth County, New Jersey

Monmouth County features 4,983 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 Monmouth County, New Jersey

There are 2,960 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monmouth County.

Housing Choice Vouchers in Monmouth County, New Jersey

On average, Section 8 Housing Choice vouchers pay Monmouth County landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in Monmouth County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Monmouth County, New Jersey for a two-bedroom apartment is between $1,442 and $1,762.

2023 Monmouth County, New Jersey Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

Studio One BR Two BR Three BR Four BR
Monmouth County, New Jersey Fair Market Rent $1,146 $1,279 $1,602 $2,193 $2,441
Monmouth County, New Jersey Payment Standard Range $1,031 to $1,261 $1,151 to $1,407 $1,442 to $1,762 $1,974 to $2,412 $2,197 to $2,685

Sourced from federal housing data and AffordableHousingOnline.com research.

Monmouth County, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 115
Total Low Income Apartments 8,373
Total Housing Units with Rental Assistance 4,983
Percentage of Housing Units Occupied By Renters 25.62%
Average Renter Household Size 2.26
Average Household Size 2.67
Median Household Income $85,242 ±$1,177
Median Rent $1,238 ±$17
Percentage Of Renters Overburdened 54.01% ± 1.66pp
Total Population 629,185

Population and Household Demographics

Monmouth County is a county in New Jersey with a population of 629,185. There are 233,105 households in the county with an average household size of 2.67 persons. 25.62% of households in Monmouth County are renters.

Income and Rent Overburden in Monmouth County

The median gross income for households in Monmouth County is $85,242 a year, or $7,104 a month. The median rent for the county is $1,238 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Monmouth County, a household making less than $4,127 a month would be considered overburdened when renting an apartment at or above the median rent. 54.01% of households who rent are overburdened in Monmouth County.

Area Median Income In Monmouth County

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

In Monmouth County, HUD calculates the Area Median Income for a family of four as $123,600

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Monmouth County

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Monmouth County

1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% AMI Income Limits
Renters earning up to 30% of the Monmouth County AMI may qualify for rental assistance programs that target Extremely Low Income households.
$25,600 $29,250 $32,900 $36,550 $39,500 $42,400 $45,350 $48,250
50% AMI Income Limits
Renters earning up to 50% of the Monmouth County AMI may qualify for rental assistance programs that target Very Low Income households.
$42,650 $48,750 $54,850 $60,900 $65,800 $70,650 $75,550 $80,400
80% AMI Income Limits
Renters earning up to 80% of the Monmouth County AMI may qualify for rental assistance programs that target Low Income households.
$62,600 $71,550 $80,500 $89,400 $96,600 $103,750 $110,900 $118,050