
Cheap Apartments for Rent in the Waterfront Neighborhood of Asbury Park, NJ from $1,000 (7 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Asbury Park.


200 Deal Lake Drive
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Waterfront, Asbury Park, NJ Local Guide

How much does it cost to rent an apartment in Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront Studio Apartments | $2,283 | $1,437 | $3,095 |
| Waterfront 1 Bedroom Apartments | $2,343 | $1,539 | $3,515 |
| Waterfront 2 Bedroom Apartments | $3,453 | $2,500 | $5,375 |
| Waterfront 3 Bedroom Apartments | $4,075 | $3,000 | $5,150 |
| Waterfront 4 Bedroom Apartments | $6,092 | $2,950 | $9,235 |
Browse Apartments in this Neighborhood
There are currently 7 rentals with your search options within a 1 mile radius of the Waterfront Neighborhood of Asbury Park, NJ.
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Waterfront, Asbury Park, NJ Local Guide
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Cheapest Available Waterfront Apartments for Rent
 The cheapest available apartment rental in the Waterfront 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 $1,650. Here are the most affordable Waterfront 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 | $1,650 |
| Munroe Towers | Floorplan P | 1BR,1BA | $1,864 |
Best Value Apartments for Rent in Waterfront, NJ
As of December 25, 2025 the best value apartment in the Waterfront 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 Waterfront apartment is the 2BR/1.0BA Model at 406 Deal Lake starting at $2,700 with a $3.28 price per square foot in the Waterfront neighborhood. Here is today’s list of the best values for Waterfront 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 |
| 406 Deal Lake | 2BR/1.0BA | 2BR,1BA | $3.28 |
| Munroe Towers | Floorplan P | 1BR,1BA | $2.69 |
| 320 7th Ave | 1BR/1.0BA | 1BR,1BA | $3.25 |
| 212 3rd Avenue | 1BR/1.0BA | 1BR,1BA | $3.53 |
| 8th Ave Condos | 1BR/1.0BA | 1BR,1BA | $3.17 |
| 400 3rd Ave | 1BR/1.0BA | 1BR,1BA | $3.59 |
| 200 Deal Lake Drive | 1 Bed / 1 Bath | 1BR,1BA | $2.92 |
| 211 First Ave | 1BR/1.0BA | 1BR,1BA | $3.58 |
| 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
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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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.
Pet Friendly LifestyleWaterfront, Asbury Park, NJ
Ranked #5
Among cities in New Jersey for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Waterfront, Asbury Park, NJ
Thurgood Marshall Primary School
Dr. Martin Luther King Middle School
School data provided by Great Schools
Frequently Asked Questions about Cheap Waterfront Apartments
What is a cheap apartment in Waterfront?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Waterfront is under $2,200.
What is the price of a cheap apartment in Waterfront?
The cheapest apartment in Waterfront is Holly House Apartments which is listed at $1,539, while the average apartment in Waterfront costs $6,092.
What types of apartments are the cheapest in Waterfront?
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 Waterfront that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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!




