
Cheap Apartments for Rent in the Downtown Asbury Park Neighborhood of Asbury Park, NJ from $1,000 (62 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Asbury Park area of Asbury Park.


200 Deal Lake Drive

702-704-704 Fifth Ave, Unit D1

644 Church St

1004 Fifth Ave

Munroe Towers

309 2nd Ave

817 Drummond Ave

406 Deal Lake

Total Monthly Price
200 6th Ave, Unit 2, Unit 2
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

308 7th Ave

406 4th Ave

922 4th Ave

Stephen Manor

407 8th Ave

Springwood Apartments

Frederick Douglas Apartments

320 7th Ave

510 5th Ave

610 1/2 Fifth 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.

1266 Washington Ave

413 Ridge Ave

212 3rd Avenue

400 3rd Ave

319 7th Ave

211 First Ave

8th Ave Condos

527 Bangs Ave

1609 W Lake Ave

35 1/2 Olin St
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.

201 LaReine

19 Webb Ave

43 Webb Ave

Terrace Lake Apartments, LLC

45 Pilgrim Pathway, Unit APT#3, Unit APT#3

Mariner Apartments

501-511 Lake Ter

91 Main Ave, Unit 5

89 Main Ave, Unit 5

Seacrest Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

78 New York Ave

35 Ocean Pathway

114 Heck Ave

77 Abbott Ave

506 Brinley Ave

23 Abbott Ave

87 Cookman Ave

1225 7th Ave

65 Mt Hermon Way

124 Broadway
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $2,437 | $1,437 | $3,800 |
| Downtown Asbury Park 1 Bedroom Apartments | $2,544 | $1,156 | $4,100 |
| Downtown Asbury Park 2 Bedroom Apartments | $3,598 | $2,050 | $7,000 |
| Downtown Asbury Park 3 Bedroom Apartments | $12,056 | $2,800 | $10,000+ |
| Downtown Asbury Park 4 Bedroom Apartments | $11,542 | $9,235 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 62 rentals with your search options within a 1 mile radius of the Downtown Asbury Park Neighborhood of Asbury Park, NJ.
See all Apartments in Asbury ParkExplore Asbury Park
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. 200 Deal Lake Drive 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 |
| 200 Deal Lake Drive | Studio | Studio,1BA | $1,700 |
| 201 LaReine | Studio (renovated) | Studio,1BA | $1,700 |
| 320 7th Ave | 0BR/1.0BA | Studio,1BA | $1,725 |
| 510 5th Ave | 1BR/1.0BA | 1BR,1BA | $1,800 |
| Munroe Towers | Floorplan N | 1BR,1BA | $1,923 |
| 406 Deal Lake | 1BR/1.0BA | 1BR,1BA | $2,075 |
| 212 3rd Avenue | 1BR/1.0BA | 1BR,1BA | $2,150 |
| 400 3rd Ave | 1BR/1.0BA | 1BR,1BA | $2,175 |
Best Value Apartments for Rent in Downtown Asbury Park, NJ
As of April 15, 2026 the best value apartment in the Downtown Asbury Park area is the $2.67 price per square foot InteriorTwo Bedroom #406 Model at SS Adams Luxury Rentals in the in the Downtown Asbury Park neighborhood starting from $2,800. The second greatest value Downtown Asbury Park apartment is the 302 5th Avenue Model at 302 5th Avenue, Unit Apt 5 starting at $3,000 with a $3.33 price per square foot in the Waterfront 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. |
|---|---|---|---|
| SS Adams Luxury Rentals | InteriorTwo Bedroom #406 | 2BR,2BA | $2.67 |
| 302 5th Avenue, Unit Apt 5 | 302 5th Avenue | 1BR,1BA | $3.33 |
| 501-511 Lake Ter | 2BR/1.0BA | 2BR,1BA | $2.63 |
| 406 Deal Lake | 1BR/1.0BA | 1BR,1BA | $2.77 |
| Munroe Towers | Floorplan D | 1BR,1BA | $3.12 |
| 212 3rd Avenue | 1BR/1.0BA | 1BR,1BA | $3.45 |
| 400 3rd Ave | 1BR/1.0BA | 1BR,1BA | $3.57 |
| 200 Deal Lake Drive | 1 Bed / 1 Bath | 1BR,1BA | $3.00 |
| 510 5th Ave | 1BR/1.0BA | 1BR,1BA | $3.70 |
| Holly House Apartments | Studio | Studio ,1BA | $3.33 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 the Cheapest Studio apartment in Downtown Asbury Park?
Currently the most affordable Cheap Studio Apartment in Downtown Asbury Park is at Holly House Apartments listed at $1,437.
How much is rent for a Cheap One Bedroom Downtown Asbury Park Apartment?
The lowest price for a Cheap One Bedroom Downtown Asbury Park Apartment is $1,539 at Holly House Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Asbury Park Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Asbury Park is starting from $2,300 at 501-511 Lake Ter.
What is the most affordable Downtown Asbury Park Three Bedroom Apartment?
The best deal on a cheap Downtown Asbury Park Three Bedroom Apartment rental is at Surfhouse Asbury Park and starts from $5,400.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.