Low Income Apartments For Rent in Beverly, NJ

Rental assistance programs support 71 low-income homes in Beverly where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $433 towards rent each month.

Affordable rent data for some communities last confirmed on October 30th, 2019. Subdsidized rents typically change once a year based on federal guidance.

Public Housing Agencies Serving Beverly, 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.

Housing Authority	Programs
Burlington County Board of Social Services	Section 8 Housing Choice Voucher (HCV)
State of New Jersey Department of Community Affairs	Section 8 Housing Choice Voucher (HCV)

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

Beverly, New Jersey Affordable Housing Data

Income Based Apartments in Beverly, New Jersey

Beverly features 71 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 Beverly, New Jersey

There are 5 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Beverly.

Housing Choice Vouchers in Beverly, New Jersey

On average, Section 8 Housing Choice vouchers pay Beverly landlords $1,000 per month towards rent. The average voucher holder contributes $400 towards rent in Beverly.

The maximum amount a voucher would pay on behalf of a low-income tenant in Beverly, New Jersey for a two-bedroom apartment is between $1,563 and $1,911.

2024 Beverly, New Jersey Fair Market Rents and Housing Choice Voucher Payment Standards

Fair Market Rents can be used to better understand the average housing costs of an area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program.

	Studio	One BR	Two BR	Three BR	Four BR
Beverly, New Jersey Fair Market Rent	$1,303	$1,451	$1,737	$2,100	$2,422
Beverly, New Jersey Payment Standard Range	$1,173 to $1,433	$1,306 to $1,596	$1,563 to $1,911	$1,890 to $2,310	$2,180 to $2,664

Sourced from federal housing data and AffordableHousingOnline.com research.

Beverly, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 76

Total Housing Units with Rental Assistance 71

Percentage of Housing Units Occupied By Renters 31.35%

Average Renter Household Size 2.66

Average Household Size 2.68

Median Household Income $50,880 ±$4,516

Median Rent $1,033 ±$167

Percentage Of Renters Overburdened 74.75% ± 20.12pp

Total Population 2,569

Total Affordable Apartment Properties	2
Total Low Income Apartments	76
Total Housing Units with Rental Assistance	71
Percentage of Housing Units Occupied By Renters	31.35%
Average Renter Household Size	2.66
Average Household Size	2.68
Median Household Income	$50,880 ±$4,516
Median Rent	$1,033 ±$167
Percentage Of Renters Overburdened	74.75% ± 20.12pp
Total Population	2,569

Population and Household Demographics

Beverly is a city in Burlington County, New Jersey with a population of 2,569. There are 960 households in the city with an average household size of 2.68 persons. 31.35% of households in Beverly are renters.

Income and Rent Overburden in Beverly

The median gross income for households in Beverly is $50,880 a year, or $4,240 a month. The median rent for the city is $1,033 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Beverly, a household making less than $3,443 a month would be considered overburdened when renting an apartment at or above the median rent. 74.75% of households who rent are overburdened in Beverly.

Area Median Income In Beverly

Affordable housing program eligibility is always determined by one's income. Each household's income is compared to the incomes of all other households in the area. This is accomplished through a statistic established by the government called the Area Median Income, most often referred to as AMI. The AMI is calculated and published each year by HUD.

HUD often uses an area larger than a city to determine the AMI because HUD anticipates those searching for housing will look beyond individual cities during their housing search. For Beverly, the AMI is calculated from all households within Burlington County.

In Beverly, HUD calculates the Area Median Income for a family of four as $114,400

Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811.

Rental Assistance in Beverly

Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households.

Income Qualifications for HUD Rental Assistance in Beverly

	1 Person	2 Person	3 Person	4 Person	5 Person	6 Person	7 Person	8 Person
30% AMI Income Limits Renters earning up to 30% of the Beverly AMI may qualify for rental assistance programs that target Extremely Low Income households.	$23,450	$26,800	$30,150	$33,500	$36,200	$40,280	$45,420	$50,560
50% AMI Income Limits Renters earning up to 50% of the Beverly AMI may qualify for rental assistance programs that target Very Low Income households.	$39,100	$44,650	$50,250	$55,800	$60,300	$64,750	$69,200	$73,700
80% AMI Income Limits Renters earning up to 80% of the Beverly AMI may qualify for rental assistance programs that target Low Income households.	$62,500	$71,400	$80,350	$89,250	$96,400	$103,550	$110,700	$117,850