Affordable & Low-Income Housing in Shrewsbury, NJ 07702
2 affordable buildings in 07702 · 44 more within 5 mi
Shrewsbury, NJ 07702 has 2 income-restricted buildings: 1 tax credit and 1 Section 8. 44 more are listed within 5 miles. These lists don't show openings — call to ask about vacancies and waiting lists.
In 07702
No buildings in 07702 match this filter.
Nearby
The 20 closest of 44 in nearby ZIPs. Pick a ZIP below to see all of them.
Liberty Walk at Fort Monmouth
4 Gosselin Ave, Oceanport, NJ 07757
1.2 mi away
48 units · 24 income-restricted · 1–3 BR
Fort Monmouth Historic Housing
51 Gosselin Avenue, Oceanport, NJ 07757
1.3 mi away
48 units · 5 income-restricted · 2 BR
254 Bridge Avenue
254 Bridge Avenue, Red Bank, NJ 07701
1.3 mi away
1 unit
- Affordability period may have ended — call to confirm
252 Bridge Avenue
252 Bridge Avenue, Red Bank, NJ 07701
1.3 mi away
1 unit
- Affordability period may have ended — call to confirm
295 Shrewsbury Ave
295 Shrewsbury Ave, Red Bank, NJ 07701
1.4 mi away
2 units
- Affordability period may have ended — call to confirm
Eatontown Consumer Home
65 Broad St, Eatontown, NJ 07724
1.4 mi away
4 units · People with disabilities
River Street Commons
49 Catherine St, Red Bank, NJ 07701
1.5 mi away
62 units · 61 income-restricted · Studio–1 BR
- Affordability period may have ended — call to confirm
Evergreen Terr
117 Montgomery Ter, Red Bank, NJ 07701
1.5 mi away
90 units · 1–3 BR
- Apply through Housing Authority of the Borough of Red Bank
- Residents waited about 48 months to move in (HUD, Oct 2026)
Oakland Square Apartments
76 Oakland St, Red Bank, NJ 07701
1.7 mi away
72 units · 12 income-restricted · 1–2 BR
34-36 West Street
34 West Street, Red Bank, NJ 07701
1.8 mi away
5 units
- Affordability period may have ended — call to confirm
Red Bank Consumer Home
13 Spring St., Red Bank, NJ 07701
1.8 mi away
3 units · 1 BR · People with disabilities
Eatontown Senior Citizens a/k/a The Meadowbrook
55 Wykoff Rd, Eatontown, NJ 07724
1.9 mi away
196 units · Studio–1 BR
Oceanport Senior Citizens
274 - 278 East Main St, Oceanport, NJ 07757
1.9 mi away
101 units · 100 income-restricted · 1–2 BR · People with disabilities
Woodrow Wilson Homes I
Long Branch, NJ 07740
3 mi away
17 units · 1–3 BR
- Apply through Long Branch Housing Authority
- Residents waited about 7 months to move in (HUD, Oct 2026)
Pavillion at Luftman
43 Hurley's Lane, Lincroft, NJ 07738
3.2 mi away
60 units
- Affordability period may have ended — call to confirm
No nearby buildings match this filter.
Rents and income limits in 07702
- Fair market rent, 2 bedrooms
- $3,420/mo
- Income needed to pay it at 30% of income
- $136,800/yr
- Renters in 07702 paying 30% or more of income on rent
- 86%
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 | 07702 | Wider area |
|---|---|---|
| Studio | $2,500 | $1,671 |
| 1 bedroom | $2,770 | $1,847 |
| 2 bedrooms | $3,420 | $2,283 |
| 3 bedrooms | $4,390 | $2,927 |
| 4 bedrooms | $4,860 | $3,241 |
Wider area = Monmouth-Ocean, NJ. Two-bedroom fair market rents in 12 nearby ZIPs range from $1,200 (07738) to $3,420 (07704).
Census figures for 07702 (2020–2024 average): median rent $3,472. Median household income $178,958. 14% of homes are rented. 86% of renters pay 30% or more of their income on rent, and 79% 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 07702's fair market rent.
Estimate your Section 8 rent share for 07702Frequently Asked Questions
Is there Section 8 housing in Shrewsbury, NJ 07702?
Yes — this directory lists income-restricted buildings in Shrewsbury, NJ 07702, including project-based Section 8 apartments (the subsidy stays with the unit), public housing, tax-credit, and USDA rural rentals. Housing Choice Vouchers are different: you apply with the local housing authority and can use them at a private landlord. Estimate your voucher rent share with the Section 8 calculator.
Do affordable housing buildings in Shrewsbury, NJ 07702 have openings?
These lists for Shrewsbury, NJ 07702 don't show openings. Call the property (or the housing authority, for public housing) to ask about vacancies and waiting lists.
How do I apply for affordable housing in Shrewsbury, NJ 07702?
Use the phone number on each building card in Shrewsbury, NJ 07702. Public housing is run by the local housing authority — apply with them, not at the building. USDA rural rentals can also be found through USDA's property search.
What counts as affordable housing in Shrewsbury, NJ 07702?
In Shrewsbury, NJ 07702, this directory lists income-restricted rentals from HUD tax-credit (LIHTC) records, public housing, HUD-assisted buildings (including project-based Section 8, 202, and 811), and USDA Rural Development.
How many affordable housing buildings are in ZIP 07702?
This directory lists 2 income-restricted buildings in Shrewsbury, NJ 07702. The list does not show vacancies — call each property or the housing authority to ask about openings and waiting lists.
Is there affordable housing near 07702?
Yes — this page also lists 44 income-restricted buildings in ZIP codes near Shrewsbury, NJ 07702 (within about 5 miles). Pick a nearby ZIP to see every building there.
People Also Ask
How do I qualify for affordable housing in Shrewsbury, NJ 07702?
Most income-restricted buildings in Shrewsbury, NJ 07702 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 Shrewsbury, NJ 07702?
For many programs in Shrewsbury, NJ 07702, 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 long is the waiting list for Section 8 in Shrewsbury, NJ 07702?
There is no single waiting list for Shrewsbury, NJ 07702. Public housing, project-based Section 8, and tax-credit buildings each keep their own list. Housing Choice Voucher lists at the housing authority open only sometimes and can stay closed for years. This directory does not show which lists are open — call the number on each card. Some public housing cards show HUD's reported wait in months.
What is the difference between Section 8 and public housing in Shrewsbury, NJ 07702?
Public housing is owned by a housing authority — you apply with that agency, not at the building. Project-based Section 8 is a HUD contract on a private building; the subsidy stays with the apartment. A Housing Choice Voucher is different: you apply with the housing authority and can use it at a landlord who takes it. This page lists project-based Section 8, tax-credit apartments in Shrewsbury, NJ 07702. Estimate voucher rent share with the Section 8 calculator.
How much rent do you pay for low-income housing in Shrewsbury, NJ 07702?
In public housing and most Section 8 in Shrewsbury, NJ 07702, tenants typically pay about 30% of adjusted income. HUD's 2027 fair market rent for a 2-bedroom near Shrewsbury, NJ 07702 is $3,420 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.
Can I use a Section 8 voucher at affordable apartments in Shrewsbury, NJ 07702?
A Housing Choice Voucher is not automatically accepted at every building in Shrewsbury, NJ 07702. Project-based Section 8 units already have a subsidy on the apartment — you apply there, not with a tenant voucher. For a voucher, apply with the housing authority, then ask each landlord. Estimate your share with the Section 8 calculator.
Is there senior affordable housing in Shrewsbury, NJ 07702?
This page may still list buildings in Shrewsbury, NJ 07702 that accept seniors without being senior-only. Use the filters and call to ask about age set-asides.
Nearby ZIP codes
Sources: HUD LIHTC database, 2024 (released Apr 2026); HUD Multifamily Assisted Properties, Oct 2026; HUD Public Housing Developments, Oct 2026. Not affiliated with HUD or USDA. Details can be out of date — confirm with the property before applying.
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