Cheap Homes for Rent in Asbury Park, NJ from $1,500 (32 Rentals)

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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.

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.

Cash 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.

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.

Asbury Park, NJ Local Guide

Cheapest Neighborhoods for Apartments in Asbury Park, NJ

Pricing Updated: 05/21/2026

Current apartment rentals in the Asbury Park, NJ area range in price from $1,156 to $12,750 with an overall median price of $8,500. The three Asbury Park neighborhoods with the lowest median rent pricing are Downtown Asbury Park at $1,156, Northeast Asbury Park at $1,437, and Northwest Asbury Park at $1,156. Here is today’s list of the top 7 neighborhoods with the lowest median pricing for Asbury Park Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Asbury Park$8,500$1,15644
Northeast Asbury Park$8,500$1,43736
Northwest Asbury Park$8,500$1,15637
Southeast Asbury Park$8,500$1,15644
Southwest Asbury Park$8,500$1,15642
Waterfront$8,500$1,43738
Westside$8,500$1,15643

Cheapest Available Asbury Park Apartments for Rent

 

The cheapest available apartment rental in Asbury Park, NJ is a Studio unit found at Holly House Apartments in the Waterfront neighborhood priced from $1,437. Middlebrook at Monmouth in the Wanamassa neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,695. Here is today’s list of the most affordable Asbury Park apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Holly House ApartmentsStudioStudio,1BA$1,437
Middlebrook at Monmouth$2.20/sq.ft. - One Bedroom1BR,1BA$1,695
510 5th Ave0BR/1.0BAStudio,1BA$1,725
Twinbrook Village1BR/1BA1BR,1BA$1,725
200 Deal Lake Drive1 Bed / 1 Bath1BR,1BA$1,800
Oxford HeightsSpring Special 50% off second month! Spacious F...1BR,1BA$1,899
Munroe TowersFloorplan P1BR,1BA$2,037
Gables ApartmentsOne Bedroom w/ Dining Area1BR,1BA$2,135

Best Value Apartments for Rent in Asbury Park, NJ

As of May 21, 2026 the best value apartment in the Asbury Park area is the $2.05 price per square foot 2BR/1BA Model at Twinbrook Village in the in the Wanamassa neighborhood starting from $2,250. The second greatest value Asbury Park apartment is the 2BR/1.0BA Model at 501-511 Lake Ter starting at $2,300 with a $2.63 price per square foot in the Downtown Asbury Park neighborhood. Here is today’s list of the best values for Asbury Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Twinbrook Village2BR/1BA2BR,1BA$2.05
501-511 Lake Ter2BR/1.0BA2BR,1BA$2.63
8th Ave Condos3BR/1.0BA3BR,1BA$3.22
Gables ApartmentsOne Bedroom w/ Dining Area1BR,1BA$2.73
Middlebrook at Monmouth$2.20/sq.ft. - One Bedroom1BR,1BA$2.20
200 6th Ave, Unit 2200 6th Ave1BR,1BA$2.93
Oxford HeightsSpring Special 50% off second month! Spacious F...1BR,1BA$2.71
Munroe TowersFloorplan N1BR,1BA$2.96
200 Deal Lake Drive1 Bed / 1 Bath1BR,1BA$3.00
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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Asbury Park

What type of rentals are currently available in Asbury Park?

There are currently 419 Apartments for Rent in Asbury Park, NJ with pricing that ranges from $1,156 to $50,000. There are also 232 Single Family Homes for rent, Condos, and Townhome rentals currently available in Asbury Park ranging from $1,500 to $95,000.

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

Today's rental pricing for Homes for Rent, Condos and Townhomes in Asbury Park ranges from $1,500 to $95,000 with an average monthly rent of $10,158.

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

For those who are looking for larger living arrangements, Three Bedroom Apartments in Asbury Park range from $3,200 to $6,075, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $55,000. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $8,310.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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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.

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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.