
Cheap Apartments for Rent in the Downtown Asbury Park Neighborhood of Asbury Park, NJ from $1,000 (9 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Asbury Park area of Asbury Park.


200 Deal Lake Drive

Stephen Manor

407 8th Ave
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Springwood Apartments

Frederick Douglas Apartments

400 3rd Ave

1609 W Lake Ave
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Seacrest Apartments
Downtown Asbury Park, Asbury Park, NJ Local Guide

How much does it cost to rent an apartment in Downtown Asbury Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Asbury Park Studio Apartments | $2,433 | $1,437 | $3,100 |
| Downtown Asbury Park 1 Bedroom Apartments | $2,562 | $1,156 | $7,000 |
| Downtown Asbury Park 2 Bedroom Apartments | $3,059 | $2,390 | $5,175 |
| Downtown Asbury Park 3 Bedroom Apartments | $3,548 | $2,950 | $4,800 |
| Downtown Asbury Park 4 Bedroom Apartments | $8,890 | $8,890 | $8,890 |
Browse Apartments in this Neighborhood
There are currently 9 rentals with your search options within a 1 mile radius of the Downtown Asbury Park Neighborhood of Asbury Park, NJ.
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Downtown Asbury Park, Asbury Park, NJ Local Guide
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Cheapest Available Downtown Asbury Park Apartments for Rent
 The cheapest available apartment rental in the Downtown Asbury Park area of Asbury Park, NJ is a Studio unit found at Holly House Apartments priced from $1,437. 400 3rd Ave has the second lowest priced unit, which is a Studio apartment currently listed from $1,700. Here are the most affordable Downtown Asbury Park apartments for rent in Asbury Park, NJ:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Holly House Apartments | Studio | Studio,1BA | $1,437 |
| 400 3rd Ave | 0BR/1.0BA | Studio,1BA | $1,700 |
| 200 Deal Lake Drive | 1 Bed / 1 Bath | 1BR,1BA | $1,800 |
Best Value Apartments for Rent in Downtown Asbury Park, NJ
As of January 10, 2026 the best value apartment in the Downtown Asbury Park area is the $2.73 price per square foot 401 Sewall Ave Model at 401 Sewall Ave, Unit 2 in the in the Waterfront neighborhood starting from $3,000. The second greatest value Downtown Asbury Park apartment is the Rear Corner Two Bedroom #202 & 302 Model at SS Adams Luxury Rentals starting at $3,375 with a $3.07 price per square foot in the Downtown Asbury Park neighborhood. Here is today’s list of the best values for Downtown Asbury Park apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 401 Sewall Ave, Unit 2 | 401 Sewall Ave | 3BR,1BA | $2.73 |
| SS Adams Luxury Rentals | Rear Corner Two Bedroom #202 & 302 | 2BR,2BA | $3.07 |
| 406 Deal Lake | 2BR/1.0BA | 2BR,1BA | $3.28 |
| Munroe Towers | Floorplan P | 1BR,1BA | $3.22 |
| 320 7th Ave | 1BR/1.0BA | 1BR,1BA | $3.25 |
| Mariner Apartments | One Bedroom | 1BR,1BA | $3.16 |
| 212 3rd Avenue | 1BR/1.0BA | 1BR,1BA | $3.49 |
| 8th Ave Condos | 1BR/1.0BA | 1BR,1BA | $3.43 |
| 200 Deal Lake Drive | 1 Bed / 1 Bath | 1BR,1BA | $3.00 |
| Holly House Apartments | Studio | Studio ,1BA | $3.33 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Downtown Asbury Park, Asbury Park, NJ
Thurgood Marshall Primary School
Dr. Martin Luther King Middle School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of neighborhoods, metropolitan areas, and rental properties across New Jersey and customized analysis for Central Asbury Park. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, family-friendly amenities, and more. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Downtown Asbury Park Apartments
What is a cheap apartment in Downtown Asbury Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Asbury Park is under $2,235.
What is the price of a cheap apartment in Downtown Asbury Park?
The cheapest apartment in Downtown Asbury Park is Holly House Apartments which is listed at $1,539, while the average apartment in Downtown Asbury Park costs $8,890.
What types of apartments are the cheapest in Downtown Asbury Park?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 2 regular apartments in Downtown Asbury Park that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Asbury Park?
Cheap apartments in Downtown Asbury Park have an average cost of $179 which is $8,711 cheaper than the average rent for all rentals in Downtown Asbury Park.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Articles, How-To's, and Tips

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!