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

Discover affordable housing in Newark where there are 186+ 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.

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

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

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

How many renters live in Newark, New Jersey?

The City of Newark has 305,339 people living in 112,713 households.

There are 206,265 renters living in 79,339 renter households in this City. Renters make up 67.55 percent of the population living in Newark.

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

There are an estimated 121,773 housing units in the Newark area. Of these, 88,956 units are rental homes, making up 73 percent of the housing market. For every renter household in Newark, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Newark?

The rental vacancy rate in Newark is 3 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 Newark for each bedroom size?

Occupied Rental Units by Size in Newark
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
6,557 19,513 26,360 23,951 2,669
Occupied Rental Units by Size in Newark

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

Among renter households in this market, 56 percent have housing cost burden. Further, 34 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 Newark

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,379 to $2,800. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,379
One BR $1,590
Two BR $1,916
Three BR $2,424
Four BR $2,800
2024 Fair Market Rents in Newark, New Jersey

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

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 4,605 70 percent
One BR 15,874 81 percent
Two BR 18,821 71 percent
Rental Units Below FMR in Newark, New Jersey

How many affordable rental units are in Newark?

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

Federal Program Unit Count
Low Income Housing Tax Credit 13,286
Public Housing 5,338
Section 8 Project-Based Rental Assistance 7,798
Mod Rehab Project-Based Rental Assistance 30
Section 236 Rental Assistance 91
Section 811 Supportive Housing for Persons with Disabilities 38
Tracked Units by Federal Program in Newark, New Jersey

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

Income Based Apartments in Newark, New Jersey

Newark features 18,050 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 Newark, New Jersey

There are 5,324 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Newark.

Housing Choice Vouchers in Newark, New Jersey

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.