
Cheap Apartments for Rent in the Waterfront Neighborhood of Asbury Park, NJ from $1,000 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in the Waterfront area of Asbury Park.


200 Deal Lake Drive

702-704-704 Fifth Ave, Unit D1

644 Church St

Munroe Towers

309 2nd Ave

Total Monthly Price
200 6th Ave, Unit 2, Unit 2

406 Deal Lake

308 7th Ave

406 4th Ave
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.

922 4th Ave

Stephen Manor

407 8th Ave

Springwood Apartments

Frederick Douglas Apartments

320 7th Ave

510 5th Ave

400 3rd Ave

212 3rd Avenue

319 7th 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.

211 First Ave

8th Ave Condos

527 Bangs Ave

404 5th Ave

The Steinbach Building

44 Borden Ave

35 1/2 Olin St

19 Webb Ave

43 Webb Ave

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

7 Abbott Ave

91 Main Ave, Unit 5

89 Main Ave, Unit 5

138 Broadway

78 New York Ave

35 Ocean Pathway

23 Abbott Ave

87 Cookman Ave

127 Lawrence Ave

65 Mt Hermon Way
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.

124 Broadway

65 Heck Ave

10 Seaview Ave

100 Mt Tabor Way

124 Main Ave

132 Heck Ave

73 Stockton Ave

La Pierre Condominiums

113 Central Ave

119 Pilgrim Pathway
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

How much does it cost to rent an apartment in Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront Studio Apartments | $2,474 | $1,437 | $3,800 |
| Waterfront 1 Bedroom Apartments | $2,471 | $1,450 | $4,050 |
| Waterfront 2 Bedroom Apartments | $4,014 | $2,050 | $7,000 |
| Waterfront 3 Bedroom Apartments | $9,482 | $2,800 | $10,000+ |
| Waterfront 4 Bedroom Apartments | $12,500 | $10,000 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 58 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 $1,700. 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 | $1,700 |
| 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 | $1,929 |
| 406 Deal Lake | 1BR/1.0BA | 1BR,1BA | $2,075 |
| 400 3rd Ave | 1BR/1.0BA | 1BR,1BA | $2,150 |
| 212 3rd Avenue | 1BR/1.0BA | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 302 5th Avenue, Unit Apt 5 | 302 5th Avenue | 1BR,1BA | $3.33 |
| 406 Deal Lake | 2BR/1.0BA | 2BR,1BA | $3.22 |
| 200 6th Ave, Unit 2 | 200 6th Ave | 1BR,1BA | $2.72 |
| Munroe Towers | Floorplan D | 1BR,1BA | $3.13 |
| 212 3rd Avenue | 1BR/1.0BA | 1BR,1BA | $3.45 |
| 8th Ave Condos | 1BR/1.0BA | 1BR,1BA | $3.88 |
| 400 3rd Ave | 1BR/1.0BA | 1BR,1BA | $3.52 |
| 510 5th Ave | 1BR/1.0BA | 1BR,1BA | $3.00 |
| 200 Deal Lake Drive | 1 Bed / 1 Bath | 1BR,1BA | $3.00 |
| 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
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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.
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 $2,150.
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

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.