Cheap Homes for Rent in the Downtown Asbury Park Neighborhood of Asbury Park, NJ from $1,500 (34 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Asbury Park area of Asbury Park.

property at 1700 Webb St

$1,850 - $3,400

Studio To 3 Bedroom Rentals

Available Now

1700 Webb St

Asbury ParkNJ07712

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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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.

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property at 402 4th Ave

$2,400

1 Bedroom Rentals

Available Now

402 4th Ave

Asbury ParkNJ07712
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Downtown Asbury Park, Asbury Park, NJ Local Guide

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 ListingModel NameBed/BathPriced From
Holly House ApartmentsStudioStudio,1BA$1,437
200 Deal Lake DriveStudioStudio,1BA$1,700
Munroe TowersFloorplan N1BR,1BA$2,011
Mariner ApartmentsOne Bedroom1BR,1BA$2,165
501-511 Lake Ter2BR/1.0BA2BR,1BA$2,300
201 LaReine1 BD (renovated)1BR,1BA$2,300
211 First Ave2BR/1.0BA2BR,1BA$2,725
Surfside CrossingModel G1BR,1BA$2,950

Best Value Apartments for Rent in Downtown Asbury Park, NJ

As of August 03, 2026 the best value apartment in the Downtown Asbury Park area is the $1.40 price per square foot 705 Brinley Ave Model at 705 Brinley Ave, Unit 705 Brinley Avenue, Apt. 2 in the in the Downtown Asbury Park neighborhood starting from $2,100. 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 ListingModel NameBed/BathPrice Per Sq.Ft.
705 Brinley Ave, Unit 705 Brinley Avenue, Apt. 2705 Brinley Ave2BR,1BA$1.40
302 5th Avenue, Unit Apt 5302 5th Avenue1BR,1BA$3.33
501-511 Lake Ter2BR/1.0BA2BR,1BA$2.63
Surfside CrossingModel E1BR,1BA$3.50
211 First Ave2BR/1.0BA2BR,1BA$3.53
Munroe TowersFloorplan N1BR,1BA$2.92
Mariner ApartmentsOne Bedroom1BR,1BA$3.25
200 Deal Lake Drive1 Bed / 1 Bath1BR,1BA$3.00
45 Pilgrim Pathway, Unit APT#345 Pilgrim Pathway2BR,1BA$4.10
Holly House ApartmentsStudioStudio ,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.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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.

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Best Local Schools in
Downtown Asbury Park, Asbury Park, NJ

School data provided by Great Schools

Frequently Asked Questions about Downtown Asbury Park

What type of rentals are currently available in Downtown Asbury Park?

There are currently 355 Apartments for Rent in Downtown Asbury Park, NJ with pricing that ranges from $1,350 to $12,500. There are also 166 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Asbury Park ranging from $1,500 to $35,000.

What is the current price range for Rental Homes in Downtown Asbury Park?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Asbury Park ranges from $1,500 to $35,000 with an average monthly rent of $5,023.

How much are larger Three and Four Bedroom Rentals in Downtown Asbury Park?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Asbury Park range from $3,100 to $12,500, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,100 to $35,000. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $7,750.

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

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.