Low Income Apartments For Rent in Lincroft, NJ

Rental assistance programs support 189 low-income homes in Lincroft where households pay rent based on how much they earn. For 2024, elgible households participating in federally assisted housing pay an average of $469 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 Lincroft, 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
Monmouth County Public Housing Agency	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 Lincroft.

Lincroft, New Jersey Affordable Housing Data

Income Based Apartments in Lincroft, New Jersey

Lincroft features 189 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 Lincroft, New Jersey

There are 60 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Lincroft.

Housing Choice Vouchers in Lincroft, New Jersey

On average, Section 8 Housing Choice vouchers pay Lincroft landlords $900 per month towards rent. The average voucher holder contributes $500 towards rent in Lincroft.

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

2024 Lincroft, 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
Lincroft, New Jersey Fair Market Rent	$1,385	$1,546	$1,916	$2,604	$2,904
Lincroft, New Jersey Payment Standard Range	$1,247 to $1,524	$1,391 to $1,701	$1,724 to $2,108	$2,344 to $2,864	$2,614 to $3,194

Sourced from federal housing data and AffordableHousingOnline.com research.

Lincroft, NJ Affordable Housing Snapshot

Total Affordable Apartment Properties 2

Total Low Income Apartments 249

Total Housing Units with Rental Assistance 189

Percentage of Housing Units Occupied By Renters 10.79%

Average Renter Household Size 1.15

Average Household Size 3.06

Median Household Income $130,750 ±$14,156

Median Rent $395 ±$130

Percentage Of Renters Overburdened 60.89% ± 30.09pp

Total Population 6,431

Total Affordable Apartment Properties	2
Total Low Income Apartments	249
Total Housing Units with Rental Assistance	189
Percentage of Housing Units Occupied By Renters	10.79%
Average Renter Household Size	1.15
Average Household Size	3.06
Median Household Income	$130,750 ±$14,156
Median Rent	$395 ±$130
Percentage Of Renters Overburdened	60.89% ± 30.09pp
Total Population	6,431

Population and Household Demographics

Lincroft is a city in Monmouth County, New Jersey with a population of 6,431. There are 2,085 households in the city with an average household size of 3.06 persons. 10.79% of households in Lincroft are renters.

Income and Rent Overburden in Lincroft

The median gross income for households in Lincroft is $130,750 a year, or $10,896 a month. The median rent for the city is $395 a month.

Households who pay more than thirty percent of their gross income are considered to be Rent Overburdened. In Lincroft, a household making less than $1,317 a month would be considered overburdened when renting an apartment at or above the median rent. 60.89% of households who rent are overburdened in Lincroft.

Area Median Income In Lincroft

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 Lincroft, the AMI is calculated from all households within Monmouth County.

In Lincroft, HUD calculates the Area Median Income for a family of four as $130,300

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 Lincroft

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 Lincroft

	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 Lincroft AMI may qualify for rental assistance programs that target Extremely Low Income households.	$27,100	$31,000	$34,850	$38,700	$41,800	$44,900	$48,000	$51,100
50% AMI Income Limits Renters earning up to 50% of the Lincroft AMI may qualify for rental assistance programs that target Very Low Income households.	$45,150	$51,600	$58,050	$64,500	$69,700	$74,850	$80,000	$85,150
80% AMI Income Limits Renters earning up to 80% of the Lincroft AMI may qualify for rental assistance programs that target Low Income households.	$66,300	$75,750	$85,200	$94,650	$102,250	$109,800	$117,400	$124,950