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

Discover affordable housing in Old Tappan where there are 1+ 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.

Old Tappan Commons

32 RUSSELL AVE, Old Tappan, New Jersey 7675

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Old Tappan, New Jersey
$35.83/hour
$22.10 (+161%) more than New Jersey minimum wage and $28.58 (+394%) more than the Federal minimum wage.
Learn More About Old Tappan, New Jersey Affordable Housing ↓

What HUD offices serve Old Tappan, 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, Housing Opportunities for Persons with AIDS (HOPWA) programs for Old Tappan, New Jersey.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Old Tappan, New Jersey.

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

How many renters live in Old Tappan, New Jersey?

The City of Old Tappan has 5,863 people living in 1,930 households.

There are 764 renters living in 265 renter households in this City. Renters make up 13.03 percent of the population living in Old Tappan.

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

There are an estimated 2,030 housing units in the Old Tappan area. Of these, 265 units are rental homes, making up 13 percent of the housing market. For every renter household in Old Tappan, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Old Tappan?

The rental vacancy rate in Old Tappan is 0 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 Tappan for each bedroom size?

Occupied Rental Units by Size in Old Tappan
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
0 34 84 61 86
Occupied Rental Units by Size in Old Tappan

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

Among renter households in this market, 8 percent have housing cost burden. Further, 3 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 Tappan

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,400 to $2,946. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,400
One BR $1,645
Two BR $1,892
Three BR $2,342
Four BR $2,946
2024 Fair Market Rents in Old Tappan, New Jersey

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

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
One BR 34 100 percent
Two BR 0 100 percent
Rental Units Below FMR in Old Tappan, New Jersey

How many affordable rental units are in Old Tappan?

Income Based Apartments in Old Tappan, New Jersey

Old Tappan features 15 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 Tappan, New Jersey

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

Housing Choice Vouchers in Old Tappan, New Jersey

On average, Section 8 Housing Choice vouchers pay Old Tappan landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Old Tappan.

The maximum amount a voucher would pay on behalf of a low-income tenant in Old Tappan, New Jersey for a two-bedroom apartment is between $1,703 and $2,081.

Sourced from federal housing data and AffordableHousingOnline.com research.