Lakewood Plaza I — Income-Restricted Housing in Lakewood, NJ 08701
202A-227A Center St., Lakewood, NJ 08701
98 units · 68 income-restricted · 1–3 BR
Management office: (732) 364-5938Directions
How to apply
- Call the management office at (732) 364-5938 to ask about applying, vacancies, and waiting lists.
- These records do not show openings — call to confirm vacancies and waiting lists.
At this building
- Opened
- 1976
- Bedrooms
- 24 1 bedroom · 29 2 bedrooms · 15 3 bedrooms
- HUD inspection
- HUD inspection score: 95/100 (Jan 2025) HUD inspects subsidized buildings on a 0–100 scale. This is a snapshot, not a pass/fail grade.
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Nearby income-restricted buildings
Lakewood Plaza II
154 a Dr. M. L. King Drive, Lakewood, NJ 08701
0.1 mi away
152 units · 151 income-restricted · 1–3 BR
Macedonia Senior Housing #524
144 John St, Lakewood, NJ 08701
0.2 mi away
50 units
- Affordability period may have ended — call to confirm
Eleanor Levovitz Senior Citizens
500 Clifton AVE, Lakewood, NJ 08701
1 mi away
151 units · 150 income-restricted · 1 BR
Residential Resources
755 Cedar Bridge Ave, Lakewood, NJ 08701
1.2 mi away
12 units · Studio–2 BR · People with disabilities
Lakewood Plaza Section II
154A Dr. Martin Luther King Drive, Lakewood, NJ 08701
1.7 mi away
151 units · 137 income-restricted
- Affordability period may have ended — call to confirm
Rents and income limits in 08701
- Fair market rent, 2 bedrooms
- $2,050/mo
- Income needed to pay it at 30% of income
- $82,000/yr
- Renters in 08701 paying 30% or more of income on rent
- 67%
Income limits (2026)
Monmouth-Ocean, NJ area · median family income $140,600. Your household's yearly income before taxes must be at or below the limit.
| People | Extremely low 30% | Very low 50% | Low 80% |
|---|---|---|---|
| 1 | $29,550 | $49,250 | $76,000 |
| 2 | $33,800 | $56,250 | $86,850 |
| 3 | $38,000 | $63,300 | $97,700 |
| 4 | $42,200 | $70,300 | $108,550 |
| 5 | $45,600 | $75,950 | $117,250 |
| 6 | $49,000 | $81,550 | $125,950 |
| 7 | $52,350 | $87,200 | $134,650 |
| 8 | $55,750 | $92,800 | $143,300 |
Section 8 vouchers: up to the 50% limit, and most go to households under 30%. Public housing: up to 80%. Tax-credit apartments: usually up to 60% of median income, between the 50% and 80% columns.
Fair market rents (2027)
HUD's estimate of rent plus utilities for a modest home. Housing authorities set Section 8 voucher limits from it.
| Size | 08701 | Wider area |
|---|---|---|
| Studio | $1,500 | $1,671 |
| 1 bedroom | $1,660 | $1,847 |
| 2 bedrooms | $2,050 | $2,283 |
| 3 bedrooms | $2,630 | $2,927 |
| 4 bedrooms | $2,910 | $3,241 |
Wider area = Monmouth-Ocean, NJ. Two-bedroom fair market rents in 12 nearby ZIPs range from $2,060 (08755) to $3,380 (08730).
Census figures for 08701 (2020–2024 average): median rent $1,774. Median household income $64,959. 48% of homes are rented. 67% of renters pay 30% or more of their income on rent, and 40% pay half or more.
Census median rent is what renters here actually pay, including long-term leases. Fair market rent is HUD's estimate for a modest apartment available now.
Sources: HUD income limits FY2026; HUD Fair Market Rents FY2027 (Small Area FMR for ZIP figures); U.S. Census Bureau American Community Survey 5-year 2020–2024. Each program and building can set its own limits — confirm with the property.
Estimate your Section 8 rent share
Project-based Section 8 is on the buildings above. A Housing Choice Voucher is different: you apply with the housing authority, then find a landlord who takes it. Your share of rent is based on income — not always 30%. The calculator uses 08701's fair market rent.
Estimate your Section 8 rent share for 08701Frequently Asked Questions
How do I apply to Lakewood Plaza I?
Call (732) 364-5938 and ask about applying, vacancies, and waiting lists at Lakewood Plaza I in Lakewood, NJ 08701. These records do not show openings.
Is Lakewood Plaza I Section 8 housing?
Lakewood Plaza I is listed with a HUD-assisted or project-based Section 8 contract. The subsidy stays with the apartment. A Housing Choice Voucher is different — you apply with the housing authority. Confirm the program when you call.
How many units are at Lakewood Plaza I?
Public records list 98 units at Lakewood Plaza I in Lakewood, NJ 08701. That is a building size, not a count of open apartments.
Are there other affordable apartments near Lakewood Plaza I?
Yes — this page lists other income-restricted buildings in 08701 and nearby ZIP codes. Open a nearby card for the address and phone. Lists still do not show vacancies.
People Also Ask
How do I get into Lakewood Plaza I?
Call the number on this page and ask about the waiting list or how to apply at Lakewood Plaza I in Lakewood, NJ 08701. Public housing is through the housing authority. Bring ID and income documents when they tell you to. This site cannot submit an application for you.
How do I qualify for affordable housing in Lakewood, NJ 08701?
Most income-restricted buildings in Lakewood, NJ 08701 serve households at or below 50% or 80% of area median income. HUD's 2026 very low-income (50%) limit for a 1-person household is $49,250, and $70,300 for a 4-person household. Public housing can go up to 80% ($76,000 for 1 person). Each building sets its own cap — call to confirm before you apply. Citizenship, household size, and local preferences can also apply.
What is the income limit for low-income housing in Lakewood, NJ 08701?
For many programs in Lakewood, NJ 08701, the 2026 HUD very low-income (50%) limit is $49,250 a year for 1 person and $70,300 for 4 people. The low-income (80%) limit is $76,000 for 1 person. Tax-credit buildings often use 60% of median income. Confirm with the property — they can be stricter.
How much rent do you pay for low-income housing in Lakewood, NJ 08701?
In public housing and most Section 8 in Lakewood, NJ 08701, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Lakewood, NJ 08701 is $2,050 a month (rent plus utilities for a modest unit). Tax-credit apartments use set rents below market, not always 30% of income. Call the building for the actual rent; this site is not a vacancy or price list.
Does Lakewood Plaza I take Section 8 vouchers?
Lakewood Plaza I is listed with project-based Section 8 or HUD assistance — the subsidy is on the unit, so you usually apply at the building rather than bringing a tenant voucher. Ask when you call whether they also accept Housing Choice Vouchers.
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying. Report a correction. To add a different building, use the suggestion rubric.