Cheap Apartments for Rent in the Waterfront Neighborhood of Asbury Park, NJ from $1,000 (58 Rentals)

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

property at 644 Church St

$1,750 - $1,850

Studio Rentals

Available Now

644 Church St

Asbury ParkNJ07712
property at 406 4th Ave

$2,200 - $2,300

1 Bedroom Rentals

Available Now

406 4th Ave

Asbury ParkNJ07712

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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Stephen Manor
1 to 3 Bedroom Apartments

Stephen Manor

1100 Atlantic AveAsbury Park, NJ 07712
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407 8th Ave
Studio to 2 Bedroom Apartments

407 8th Ave

407 8th AveAsbury Park, NJ 07712
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320 7th Ave
Studio to 1 Bedroom Apartments

320 7th Ave

320 7th AveAsbury Park, NJ 07712
  • Utilities Included
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510 5th Ave
Studio to 1 Bedroom Apartments

510 5th Ave

510-512 5th AveAsbury Park, NJ 07712
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400 3rd Ave
Studio to 1 Bedroom Apartments

400 3rd Ave

400-402 3rd AveAsbury Park, NJ 07712
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212 3rd Avenue
1 to 2 Bedroom Apartments

212 3rd Avenue

212 3rd AveAsbury Park, NJ 07712
  • Utilities Included
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319 7th Ave
Studio to 1 Bedroom Apartments

319 7th Ave

319 7th AveAsbury Park, NJ 07712
  • Utilities Included

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.

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211 First Ave
Studio to 2 Bedroom Apartments

211 First Ave

211 1st AveAsbury Park, NJ 07712
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8th Ave Condos
Studio to 3 Bedroom Apartments

8th Ave Condos

315-317 8th AveAsbury Park, NJ 07712
Corporate Housing
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527 Bangs Ave
Studio to 2 Bedroom Apartments

527 Bangs Ave

527 Bangs AveAsbury Park, NJ 07712
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404 5th Ave
1 Bedroom Apartments

404 5th Ave

404 5th AveAsbury Park, NJ 07712
  • Utilities Included
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The Steinbach Building
Studio to 2 Bedroom Apartments

The Steinbach Building

300 Emory StAsbury Park, NJ 07712
  • Utilities Included
property at 35 1/2 Olin St

$1,350 - $1,450

1 Bedroom Rentals

Available Now

35 1/2 Olin St

Ocean GroveNJ07756
property at 19 Webb Ave

$1,750 - $3,500

1 To 4 Bedroom Rentals

Available Now

19 Webb Ave

Ocean GroveNJ07756

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.

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.

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.

Waterfront, Asbury Park, NJ Local Guide

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 $1,700. Here are the most affordable Waterfront 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
320 7th Ave0BR/1.0BAStudio,1BA$1,725
510 5th Ave1BR/1.0BA1BR,1BA$1,800
Munroe TowersFloorplan N1BR,1BA$1,929
406 Deal Lake1BR/1.0BA1BR,1BA$2,075
400 3rd Ave1BR/1.0BA1BR,1BA$2,150
212 3rd Avenue1BR/1.0BA1BR,1BA$2,150

Best Value Apartments for Rent in Waterfront, NJ

As of April 12, 2026 the best value apartment in the Waterfront area is the $3.33 price per square foot 302 5th Avenue Model at 302 5th Avenue, Unit Apt 5 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 $2,650 with a $3.22 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 ListingModel NameBed/BathPrice Per Sq.Ft.
302 5th Avenue, Unit Apt 5302 5th Avenue1BR,1BA$3.33
406 Deal Lake2BR/1.0BA2BR,1BA$3.22
200 6th Ave, Unit 2200 6th Ave1BR,1BA$2.72
Munroe TowersFloorplan D1BR,1BA$3.13
212 3rd Avenue1BR/1.0BA1BR,1BA$3.45
8th Ave Condos1BR/1.0BA1BR,1BA$3.88
400 3rd Ave1BR/1.0BA1BR,1BA$3.52
510 5th Ave1BR/1.0BA1BR,1BA$3.00
200 Deal Lake Drive1 Bed / 1 Bath1BR,1BA$3.00
Holly House ApartmentsStudioStudio ,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.

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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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The 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.

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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.

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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.

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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 $2,150.

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 $12,500.

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.

How do the prices of cheap apartments compare to the average apartment in Waterfront?

Cheap apartments in Waterfront have an average cost of $159 which is $12,341 cheaper than the average rent for all rentals in Waterfront.

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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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.

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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.

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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.