Low Income Apartments and Affordable Housing For Rent in Old Bridge, NJ

Find 7 low-income apartments and rental assistance options in Old Bridge, NJ – including subsidized, public, senior, HUD, and other government housing programs.

Chuck Costello Complex

1998 Route 18 North, Old Bridge, New Jersey 8857

Maher Manor Senior Living

2000 State Route 18 North, Old Bridge, New Jersey 08857

Community House

124 Bentley Ave, Old Bridge, New Jersey 08857

Community Options, Middlesex

154 Princeton Rd, Old Bridge, New Jersey 0

Old Bridge Senior Apartments 513

100 Mimi Rd, Old Bridge, New Jersey 08857

Carriage Pointe 402

12 Highpointe Way, Old Bridge, New Jersey 08858

Old Bridge Rotary Senior Citizens

100 Ticetown Rd, Old Bridge, New Jersey 8857

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Old Bridge, New Jersey
$43.11/hour
$29.38 (+214%) more than New Jersey minimum wage and $35.86 (+495%) more than the Federal minimum wage.
Learn More About Old Bridge, New Jersey Affordable Housing ↓

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

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

How many renters live in Old Bridge, New Jersey?

The City of Old Bridge has 28,094 people living in 10,469 households.

There are 5,566 renters living in 2,825 renter households in this City. Renters make up 19.81 percent of the population living in Old Bridge.

What is the rental market like in Old Bridge, New Jersey?

There are an estimated 10,674 housing units in the Old Bridge area. Of these, 2,888 units are rental homes, making up 27 percent of the housing market. For every renter household in Old Bridge, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Old Bridge?

The rental vacancy rate in Old Bridge is 2 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 Old Bridge for each bedroom size?

Occupied Rental Units by Size in Old Bridge
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
383 1,528 714 144 44
Occupied Rental Units by Size in Old Bridge

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

Among renter households in this market, 44 percent have housing cost burden. Further, 20 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 Old Bridge

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,608 to $3,031. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,608
One BR $1,807
Two BR $2,276
Three BR $2,756
Four BR $3,031
2024 Fair Market Rents in Old Bridge, New Jersey

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

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 332 87 percent
One BR 1,237 81 percent
Two BR 111 16 percent
Rental Units Below FMR in Old Bridge, New Jersey

How many affordable rental units are in Old Bridge?

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

Federal Program Unit Count
Low Income Housing Tax Credit 656
Section 8 Project-Based Rental Assistance 204
Section 811 Supportive Housing for Persons with Disabilities 8
Tracked Units by Federal Program in Old Bridge, New Jersey

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

Income Based Apartments in Old Bridge, New Jersey

Old Bridge features 212 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 Old Bridge, New Jersey

There are 177 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Old Bridge.

Housing Choice Vouchers in Old Bridge, New Jersey

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

The maximum amount a voucher would pay on behalf of a low-income tenant in Old Bridge, New Jersey for a two-bedroom apartment is between $2,048 and $2,504.

Sourced from federal housing data and AffordableHousingOnline.com research.