Low Income Apartments and Affordable Housing For Rent in Monmouth County, NJ

Discover affordable housing in Monmouth County where there are 118+ 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.

Heritage Village at Oakhurst

777 West Park Avenue, Oakhurst, New Jersey 07712

Heritage Village at Manalapan for Adults 55 Plus

216 Woodward Road, Manalapan, New Jersey 07726

Heritage Village at Elton Corner

895 Elton Adelphia Rd., Freehold, New Jersey 07728

Asbury Tower

1701 Ocean Ave, Asbury Park, New Jersey 7712

Oceanpointe Towers

10 Pavilion Avenue, Long Branch, New Jersey 07740

Conifer Village at Middletown

100 Beaman Blvd., Atlantic Highlands, New Jersey 07716

Bethany Manor

500 Broad St, Keyport, New Jersey 07735

Stephen Manor

1100 Atlantic Ave, Asbury Park, New Jersey 07712

Valley Brook Village

100 Tracey Ct, Belford, New Jersey 07939

The Willows at Manalapan

48 Wood Ave, Manalapan, New Jersey 07726

Allenwood Terrace

2101 Allenwood Rd., Wall, New Jersey 07719

The Willows at Collingwood Park

2 Liron Ln, Farmingdale, New Jersey 07727

Alexandria Group Home

1 Alexandria Dr, Manalapan, New Jersey 07726

Howell Township Senior Citizens Housing

720 Rt, Howell, New Jersey 07731

Hudson Manor

40 Hudson Street, Freehold, New Jersey 07728

Bethany Towers

1 Clark St, Hazlet, New Jersey 7730

Community Options Eleanor

74 Scenic Dr, Howell, New Jersey 07731

Eatontown Senior Citizewns Aka the Meadowbrook

55 Wykoff Rd, Eatontown, New Jersey 07724

The Continental at Freehold

40 Jackson St, Freehold, New Jersey 07728

The Continental at Freehold Senior

30 Jackson St, Freehold, New Jersey 07728

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Monmouth County, New Jersey
$36.29/hour
$22.56 (+164%) more than New Jersey minimum wage and $29.04 (+401%) more than the Federal minimum wage.
Learn More About Monmouth County, New Jersey Affordable Housing ↓

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

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

How many renters live in Monmouth County, New Jersey?

The County of Monmouth County has 644,098 people living in 253,767 households.

There are 124,555 renters living in 60,416 renter households in this County. Renters make up 19.34 percent of the population living in Monmouth County.

What is the rental market like in Monmouth County, New Jersey?

There are an estimated 270,187 housing units in the Monmouth County area. Of these, 62,757 units are rental homes, making up 23 percent of the housing market. For every renter household in Monmouth County, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Monmouth County?

The rental vacancy rate in Monmouth County is 3 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 Monmouth County for each bedroom size?

Occupied Rental Units by Size in Monmouth County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3,043 26,316 19,240 8,897 2,399
Occupied Rental Units by Size in Monmouth County

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

Among renter households in this market, 49 percent have housing cost burden. Further, 26 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 Monmouth County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,385 to $2,904. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,385
One BR $1,546
Two BR $1,916
Three BR $2,604
Four BR $2,904
2024 Fair Market Rents in Monmouth County, New Jersey

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

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 1,774 58 percent
One BR 15,335 58 percent
Two BR 5,947 31 percent
Rental Units Below FMR in Monmouth County, New Jersey

How many affordable rental units are in Monmouth County?

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

Federal Program Unit Count
Low Income Housing Tax Credit 5,796
Public Housing 1,482
Section 8 Project-Based Rental Assistance 3,143
Section 236 Rental Assistance 350
Section 202 Supportive Housing for the Elderly 206
Section 811 Supportive Housing for Persons with Disabilities 69
USDA Section 515 Rural Rental Housing 20
Tracked Units by Federal Program in Monmouth County, New Jersey

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

Income Based Apartments in Monmouth County, New Jersey

Monmouth County features 4,559 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 Monmouth County, New Jersey

There are 3,170 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monmouth County.

Housing Choice Vouchers in Monmouth County, New Jersey

On average, Section 8 Housing Choice vouchers pay Monmouth County landlords $1,000 per month towards rent. The average voucher holder contributes $500 towards rent in Monmouth County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Monmouth County, New Jersey for a two-bedroom apartment is between $1,724 and $2,108.

Sourced from federal housing data and AffordableHousingOnline.com research.