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

Discover affordable housing in Ridgewood 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.

West Bergen Mental Healthcare Inc

234 S Broad St, Ridgewood, New Jersey 07450

Share Inc, Rehab of Single Family

104 Cottage Pl, Ridgewood, New Jersey 07450

Ridgecrest

7 Ridge Rd, Ridgewood, New Jersey 07450

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

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

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

How many renters live in Ridgewood, New Jersey?

The City of Ridgewood has 26,043 people living in 8,692 households.

There are 3,677 renters living in 1,475 renter households in this City. Renters make up 14.12 percent of the population living in Ridgewood.

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

There are an estimated 9,108 housing units in the Ridgewood area. Of these, 1,622 units are rental homes, making up 18 percent of the housing market. For every renter household in Ridgewood, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Ridgewood?

The rental vacancy rate in Ridgewood is 7 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 Ridgewood for each bedroom size?

Occupied Rental Units by Size in Ridgewood
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
37 446 581 305 85
Occupied Rental Units by Size in Ridgewood

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

Among renter households in this market, 39 percent have housing cost burden. Further, 22 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 Ridgewood

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 Ridgewood, New Jersey

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

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 14 38 percent
One BR 36 8 percent
Two BR 24 4 percent
Rental Units Below FMR in Ridgewood, New Jersey

How many affordable rental units are in Ridgewood?

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

Federal Program Unit Count
Section 8 Project-Based Rental Assistance 128
Section 811 Supportive Housing for Persons with Disabilities 10
Tracked Units by Federal Program in Ridgewood, New Jersey

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

Income Based Apartments in Ridgewood, New Jersey

Ridgewood features 140 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 Ridgewood, New Jersey

There are 14 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Ridgewood.

Housing Choice Vouchers in Ridgewood, New Jersey

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

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

Sourced from federal housing data and AffordableHousingOnline.com research.