Heritage Village at Oakhurst

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

Heritage Village at Manalapan for Adults 55 Plus

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

Heritage Village at Elton Corner

895 Elton Adelphia Rd.
Freehold, New Jersey
Assisted
LIHTC
$1,082-1,298
1-2 BR

Bayshore Village

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

Asbury Tower

1701 Ocean Ave
Asbury Park, New Jersey
Assisted
LIHTC
$844-1,023
Studio-1 BR
Showing Results 1-5

There are 3,045 low-income apartments in Monmouth County that offer reduced rents to eligible households. Low-income rents in Monmouth County, New Jersey can range from $844 to $1,318 depending on the number of bedrooms.

Rental assistance programs support 4,983 low-income homes in Monmouth County where households pay rent based on how much they earn. For 2023, elgible households participating in federally assisted housing pay an average of $492 towards rent each month.

Affordable rent data for some communities last confirmed on March 31st, 2023. Subdsidized rents typically change once a year based on federal guidance.

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 3,045 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 116
Total Low Income Apartments 8,458
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 $130,300

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 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.
$27,100 $31,000 $34,850 $38,700 $41,800 $44,900 $48,000 $51,100
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.
$45,150 $51,600 $58,050 $64,500 $69,700 $74,850 $80,000 $85,150
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.
$66,300 $75,750 $85,200 $94,650 $102,250 $109,800 $117,400 $124,950