Discover affordable housing in Monmouth County where there are 171+ 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.
777 West Park Avenue, Oakhurst, New Jersey 07712
payment $1098-1318/mo. switch_access_shortcut Short Wait accessibility Accessible
216 Woodward Road, Manalapan, New Jersey 07726
payment $1094-1311/mo. switch_access_shortcut Short Wait accessibility Accessible
895 Elton Adelphia Rd., Freehold, New Jersey 07728
payment $1082-1298/mo. switch_access_shortcut Short Wait accessibility Accessible
1701 Ocean Ave, Asbury Park, New Jersey 7712
bed Studio-1 payment $844-1023/mo. switch_access_shortcut Short Wait real_estate_agent Accepts Vouchers accessibility Accessible
10 Pavilion Avenue, Long Branch, New Jersey 07740
payment Subsidized
100 Beaman Blvd., Atlantic Highlands, New Jersey 07716
switch_access_shortcut Short Wait real_estate_agent Accepts Vouchers payment Income Based accessibility Accessible
500 Broad St, Keyport, New Jersey 07735
bed Studio-1 payment Subsidized
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1100 Atlantic Ave, Asbury Park, New Jersey 07712
payment Subsidized accessibility Accessible
100 Tracey Ct, Belford, New Jersey 07939
switch_access_shortcut Short Wait accessibility Accessible
48 Wood Ave, Manalapan, New Jersey 07726
switch_access_shortcut Short Wait accessibility Accessible
2101 Allenwood Rd., Wall, New Jersey 07719
bed Studio-2 payment $524-1125/mo. switch_access_shortcut Short Wait accessibility Accessible
1 Alexandria Dr, Manalapan, New Jersey 07726
switch_access_shortcut Short Wait
720 Rt, Howell, New Jersey 07731
payment Subsidized elderly Senior accessibility Accessible
40 Hudson Street, Freehold, New Jersey 07728
payment Subsidized
1 Clark St, Hazlet, New Jersey 7730
payment Subsidized
74 Scenic Dr, Howell, New Jersey 07731
payment Subsidized accessibility Accessible accessible_forward Disability
55 Wykoff Rd, Eatontown, New Jersey 07724
payment Subsidized
1086 Maxim Southard Rd, Howell, New Jersey 07306
accessibility Accessible
17 Lincoln Pl, Freehold, New Jersey 07728
accessibility Accessible
935 Broad St, Shrewsbury, New Jersey 07702
switch_access_shortcut Short WaitLook 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.
switch_access_shortcut Short Wait payment Subsidized real_estate_agent Accepts Vouchers elderly Senior payment Income Based accessibility Accessible accessible_forward Disability real_estate_agent Naturally Affordable The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Monmouth County, New Jersey$22.56 (+164%) more than New Jersey minimum wage and $29.04 (+401%) more than the Federal minimum wage.
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.The County of Monmouth County has people living in households.
There are renters living in renter households in this County. Renters make up 19.34 percent of the population living in Monmouth County.
There are an estimated housing units in the Monmouth County area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Monmouth County, New Jersey, there are 1.04 rental units.
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.
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.
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.
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:
There are a variety of federal affordable housing programs serving households in Monmouth County, New Jersey including the following:
Rental units may be funded in part by multiple federal programs.
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.
There are 3,170 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Monmouth County.
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.
