Low Income Apartments and Affordable Housing For Rent in Ocean City, NJ

Discover affordable housing in Ocean City where there are 3+ 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.

Wesley by the Bay

2419 Bay Ave, Ocean City, New Jersey 08226

payment Subsidized

1142 Simpson Ave Unit 2

1142 Simpson Ave Unit 2, Ocean City, New Jersey 08226

bed 3
payment $1800/mo.

Bay View Manor

635 West Ave, Ocean City, New Jersey 08226

payment Subsidized

How To Identify Affordable Housing in Ocean City, New Jersey

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Ocean City, New Jersey
$29.72/hour
$15.99 (+116%) more than New Jersey minimum wage and $22.47 (+310%) more than the Federal minimum wage.
Learn More About Ocean City, New Jersey Affordable Housing ↓

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

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

How many renters live in Ocean City, New Jersey?

The City of Ocean City has people living in households.

There are renters living in renter households in this City. Renters make up 26.56 percent of the population living in Ocean City.

What is the rental market like in Ocean City, New Jersey?

There are an estimated housing units in the Ocean City area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Ocean City, New Jersey, there are 1.82 rental units.

What is the vacancy rate for rentals in Ocean City?

The rental vacancy rate in Ocean City is 44 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Ocean City for each bedroom size?

Occupied Rental Units by Size in Ocean City
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
131 304 601 357 98
Occupied Rental Units by Size in Ocean City

A large number of apartments in Ocean City have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Ocean City

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,107 to $2,090. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,107
One BR $1,194
Two BR $1,569
Three BR $1,973
Four BR $2,090
2024 Fair Market Rents in Ocean City, New Jersey

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

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 105 80 percent
One BR 234 77 percent
Two BR 239 40 percent
Rental Units Below FMR in Ocean City, New Jersey

How many affordable rental units are in Ocean City?

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

Federal Program Unit Count
Public Housing
Section 8 Project-Based Rental Assistance
Tracked Units by Federal Program in Ocean City, New Jersey

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

Income Based Apartments in Ocean City, New Jersey

Ocean City features 181 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 Ocean City, New Jersey

There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ocean City.

Housing Choice Vouchers in Ocean City, New Jersey

On average, Section 8 Housing Choice vouchers pay Ocean City landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Ocean City.

The maximum amount a voucher would pay on behalf of a low-income tenant in Ocean City, New Jersey for a two-bedroom apartment is between $1,412 and $1,726.

Sourced from federal housing data and AffordableHousingOnline.com research.

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