Affordable Housing In Newark
Essex County, New Jersey

171 Low Income Apartment Communities In Newark

Bradley Court

46 N. Munn Ave
Newark, NJ

Stephen Crane Elderly NJ2-22C

900 Franklin Ave
Newark, NJ
62+
Accessible

Otto E. Kretchmer Elderly NJ2-21A

991 Frelinghuysen Ave
Newark, NJ
62+
Accessible

Century 21

724 Hunterdon St
Newark, NJ

Bradley Court I

46 N. Munn Ave
Newark, NJ

Chadwick Avenue Village

201 Chadwick Ave
Newark, NJ

Claremont

553 S 17th St
Newark, NJ

Janice Cromer Village

289 Broadway
Newark, NJ

Millennium Way

69 Elizabeth Ave
Newark, NJ

Oak Brook Square

239 W Bigelow St
Newark, NJ

Housing Authorities that serve Newark

Housing Authority Programs
Newark Housing Authority Section 8 Housing Choice Voucher (HCV); Public Housing

Guide To Affordable Housing in Newark, New Jersey

There are 171 low income housing apartment communities offering 19,713 affordable apartments for rent in Newark, New Jersey. Newark features 15,507 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. Additionally, there are 4,116 other low income apartments that don't provide direct rental assistance but remain affordable to low income households in Newark.

Sourced from federal housing data and AffordableHousingOnline.com research.

Newark, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 171
Total Low Income Apartments 19,713
Total Housing Units with Rental Assistance 15,507
Percentage of Housing Units Occupied By Renters 78.33%
Average Renter Household Size 2.75
Average Household Size 2.87
Median Household Income $33,139 ±$917
Median Rent $973 ±$10
Percentage Of Renters Overburdened 57.34% ± 1.35pp
Total Population 279,793

Population and Household Demographics

Newark is a City in Essex County, New Jersey with a population of 279,793. There are 92,675 households in the city with an average household size of 2.87 persons. 78.33% of households in Newark are renters.

Income and Rent Overburden in Newark

The median gross income for households in Newark is $33,139 a year, or $2,762 a month. The median rent for the city is $973 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Newark, a household making less than $3,243 a month would be considered overburdened when renting an apartment at or above the median rent. 57.34% of households who rent are overburdened in Newark.1

Area Median Income In Newark

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.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Newark, the AMI is calculated from all households within Essex County.

In Newark, HUD calculates the Area Median Income for a family of four as $100,600

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 Newark

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 Newark HUD Rental Assistance in Newark

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
30% of Median $21,150 $24,200 $27,200 $30,200 $32,650 $35,050 $39,010 $43,430
50% of Median $35,250 $40,250 $45,300 $50,300 $54,350 $58,350 $62,400 $66,400
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 Newark

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

From 1991 to 2012, 57 low income apartment communities containing 5,468 rental apartments have been constructed and made affordable to low income persons in Newark 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 Newark

Income 1 Person 2 Person 3 Person 4 Person 5 Person 6 Person 7 Person 8 Person
50% of Median $35,250 $40,250 $45,300 $50,300 $54,350 $58,350 $62,400 $66,400
60% of Median $42,300 $48,300 $54,360 $60,360 $65,220 $70,020 $74,880 $79,680

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 Newark is $54,360 a year, or $4,530 a month. To determine the maximum rent in the table below we multiply the monthly maximum income, $4,530 by 30% to get a maximum rent of $1,359 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% $881 $944 $1,133 $1,308 $1,459 $1,610
60% $1,058 $1,133 $1,359 $1,570 $1,751 $1,932
Fair Market Rents in Newark

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
$1,034 $1,218 $1,483 $1,891 $2,236