Affordable Housing In Monmouth County
New Jersey

104 Low Income Apartment Communities In Monmouth County

Heritage Village at Oakhurst

777 West Park Avenue
Asbury Park, NJ
$952-1,143
1-2 BR
55+

Asbury Tower

1701 Ocean Avenue
Asbury Park, NJ
$828-1,032
Studio-1 BR
HCV Welcome

The Willows at Collingwood Park

2 Liron Ln
Farmingdale, NJ
Call For Rent
1-3 BR
HCV Welcome

Heritage Village at Elton Corner

895 Elton Adelphia Rd.
Freehold, NJ
Income Based
1-2 BR
HCV Welcome

Conifer Village at Middletown

100 Beaman Blvd.
Atlantic Highlands, NJ
Call For Rent
1-2 BR
HCV Welcome

Heritage Village at Manalapan for Adults 55 Plus

216 Woodward Road
Manalapan, NJ
Call For Rent
1-2 BR
HCV Welcome

Oceanpointe Towers

10 Pavilion Avenue
Long Branch, NJ
Call For Rent
1 BR
Subsidized

The Continental at Freehold

40 Jackson St
Freehold, NJ
HCV Welcome

The Willows at Glassworks

200 Glassworks Blvd
Cliffwood Beach, NJ
HCV Welcome

The Willows at Manalapan

48 Wood Ave
Manalapan, NJ
HCV Welcome

Housing Authorities that serve Monmouth County

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)

Other Housing Authorities located in Monmouth County

Housing Authority Programs
Asbury Park Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Long Branch Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Highlands Housing Authority Public Housing
Red Bank Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Neptune Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Belmar Housing Authority Public Housing
Keansburg Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Freehold Housing Authority Public Housing
Middletown Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing
Collaborative Support Programs of NJ Section 8 Housing Choice Voucher (HCV)
Community Enterprises Corporation Section 8 Housing Choice Voucher (HCV)

Guide To Affordable Housing in Monmouth County, New Jersey

According to federal housing data and AffordableHousingOnline.com research, there are 104 low income housing apartment communities offering 7,627 affordable apartments for rent in Monmouth County, New Jersey. Monmouth County features 5,114 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 2,238 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Monmouth County.

Monmouth County, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 104
Total Low Income Apartments 7,627
Total Housing Units with Rental Assistance 5,114
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.1

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 $102,300

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 Monmouth County HUD Rental Assistance in Monmouth County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,500 $24,600 $27,650 $30,700 $33,200 $35,650 $39,010 $43,430
50% of Median $35,850 $40,950 $46,050 $51,150 $55,250 $59,350 $63,450 $67,550
80% of Median $52,850 $60,400 $67,950 $75,500 $81,550 $87,600 $93,650 $99,700
Low Income Housing Tax Credits in Monmouth County

The Low-Income Housing Tax Credit (LIHTC) program aims to create affordable rental housing for low and very low income families.

From 1992 to 2012, 35 low income apartment communities containing 3,888 rental apartments have been constructed and made affordable to low income persons in Monmouth County by the Low Income Housing Tax Credit Program.

If your income is less than 60% of the Area Median Income (AMI), you should not expect to pay more than the rent value for a unit in the table below. However, Affordable apartment communities that receive funding through the Low Income Housing Tax Credit program may have rental units that are not subject to income and rent limits.

Rent limits for the LIHTC Program are determined so that a household making the maximum income for the expected household size of the unit would only pay 30% of their income for rent.

Income Qualifications for Low Income Housing Tax Credit Apartments in Monmouth County

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $35,850 $40,950 $46,050 $51,150 $55,250 $59,350 $63,450 $67,550
60% of Median $43,020 $49,140 $55,260 $61,380 $66,300 $71,220 $76,140 $81,060

For example, the expected household size for a two bedroom apartment is 3 people. Using the table above, the maximum income for a 3 person household at 60% of the AMI in Monmouth County is $55,260 a year, or $4,605 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,605 by 30% to get a maximum rent of $1,382 a month.

Rent for units in the LIHTC Program include a utility allowance which is determined by the average monthly cost of utilities paid directly by residents. This allowance has not been subtracted from the rents in the table below. These utility allowances are set on a property by property basis.

% of AMI Studio 1 Bed 2 Bed 3 Bed 4 Bed 5 Bed
50% $896 $960 $1,151 $1,330 $1,484 $1,638
60% $1,076 $1,152 $1,382 $1,596 $1,781 $1,965
Fair Market Rents in Monmouth County

Fair Market Rents, often abbreviated as FMR, can be used to better understand the average housing costs of an area. Notably, Fair Market Rents are used to establish the payment standards for the Housing Choice Voucher Program, maximum rents in HOME financed rental projects and initial rents for Section 8 project based assistance.

2020 Fair Market Rents
Studio One BR Two BR Three BR Four BR
$1,088 $1,270 $1,639 $2,251 $2,523

Cities In Monmouth County

Select A City to View its Apartment Communities and Waiting Lists.

City Listings Served By
Asbury Park 18 The HUD funded Public Housing Agencies that serve Asbury Park are the Asbury Park Housing Authority, Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Freehold 11 The HUD funded Public Housing Agencies that serve Freehold are the Freehold Housing Authority, Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Eatontown 2 The HUD funded Public Housing Agencies that serve Eatontown are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Lincroft 2 The HUD funded Public Housing Agencies that serve Lincroft are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Neptune City 1 The HUD funded Public Housing Agencies that serve Neptune City are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Oceanport 1 The HUD funded Public Housing Agencies that serve Oceanport are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Port Monmouth 1 The HUD funded Public Housing Agencies that serve Port Monmouth are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Red Bank 6 The HUD funded Public Housing Agencies that serve Red Bank are the Red Bank Housing Authority, Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Manalapan 4 The HUD funded Public Housing Agencies that serve Manalapan are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Tinton Falls 5 The HUD funded Public Housing Agencies that serve Tinton Falls are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Wall 1 The HUD funded Public Housing Agencies that serve Wall are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Fairview 0 The HUD funded Public Housing Agencies that serve Fairview are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Farmingdale 2 The HUD funded Public Housing Agencies that serve Farmingdale are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Keyport 2 The HUD funded Public Housing Agencies that serve Keyport are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Neptune 7 The HUD funded Public Housing Agencies that serve Neptune are the Neptune Housing Authority, Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Neptune Township 0 The HUD funded Public Housing Agencies that serve Neptune Township are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Hazlet 2 The HUD funded Public Housing Agencies that serve Hazlet are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Long Branch 14 The HUD funded Public Housing Agencies that serve Long Branch are the Long Branch Housing Authority, Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Roosevelt 1 The HUD funded Public Housing Agencies that serve Roosevelt are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Howell 5 The HUD funded Public Housing Agencies that serve Howell are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Shrewsbury 1 The HUD funded Public Housing Agencies that serve Shrewsbury are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Atlantic Highlands 2 The HUD funded Public Housing Agencies that serve Atlantic Highlands are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Matawan 1 The HUD funded Public Housing Agencies that serve Matawan are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Middletown 3 The HUD funded Public Housing Agencies that serve Middletown are the Middletown Housing Authority, Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Keansburg 5 The HUD funded Public Housing Agencies that serve Keansburg are the Keansburg Housing Authority, Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
West Long Branch 1 The HUD funded Public Housing Agencies that serve West Long Branch are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Atlantic Highland 0 The HUD funded Public Housing Agencies that serve Atlantic Highland are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Ocean 0 The HUD funded Public Housing Agencies that serve Ocean are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Howell Township 0 The HUD funded Public Housing Agencies that serve Howell Township are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Oakhurst 0 The HUD funded Public Housing Agencies that serve Oakhurst are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Middletown Township 1 The HUD funded Public Housing Agencies that serve Middletown Township are the Monmouth County Public Housing Agency and State of New Jersey Department of Community Affairs.
Aberdeen 0
Allenhurst 0
Allentown 0
Allenwood 0
Avon by the Sea 0
Belford 1
Belmar 2
Bradley Beach 0
Brielle 0
Cliffwood Beach 1
Colts Neck 0
Deal 0
East Freehold 0
Englishtown 0
Fair Haven 0
Freeholdship 0
Hazletship 0
Highlands 2
Holmdel 0
Howellship 0
Interlaken 0
Lake Como 0
Leonardo 0
Little Silver 0
Loch Arbour 0
Manalapanship 0
Manasquan 0
Marlboro 0
Middletownship 0
Millstone 0
Monmouth Beach 0
Morganville 0
Navesink 0
Neptuneship 0
North Middletown 0
Oceanship 0
Ocean Grove 0
Ramtown 0
Robertsville 0
Rumson 0
Sea Bright 0
Sea Girt 0
Shark River Hills 0
Shrewsburyship 0
Spring Lake 0
Spring Lake Heights 0
Strathmore 0
Union Beach 0
Upper Freehold 0
Wallship 1
Wanamassa 0
West Belmar 0
West Freehold 0
Yorketown 0
Avon-by-the-Sea 0