
Cheap Homes for Rent in Waterfront Neighborhood of Asbury Park, NJ from $1,500 (22 Rentals)
Search the lowest-cost Homes available for rent right now in the Waterfront area of Asbury Park.


35 Ocean Pathway

65 Mt Hermon Way

25 Surf Ave

87 Cookman Ave

124 Broadway

303 7th 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.

301 8th Ave

109 Mt Tabor Way

132 Heck Ave

100 Mt Tabor Way

124 Main Ave

315-317 8th Ave

113 Central 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.

147 Broadway

77 Abbott Ave

119 Pilgrim Pathway

148 Heck Ave

26 Atlantic Ave

22 Atlantic Ave

133 Mt Tabor Way
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.

59 Kingsley Pl
Waterfront, Asbury Park, NJ Local Guide

How much does it cost to rent a home in Waterfront?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Waterfront 2 Bedroom Homes for Rent | $4,413 | $1,900 | $10,000+ |
| Waterfront 3 Bedroom Homes for Rent | $6,057 | $2,200 | $10,000+ |
| Waterfront 4 Bedroom Homes for Rent | $8,250 | $2,500 | $10,000+ |
| Waterfront 5 Bedroom Homes for Rent | $10,279 | $2,500 | $10,000+ |
| Waterfront 6 Bedroom Homes for Rent | $5,675 | $3,700 | $7,500 |
| Waterfront 7 Bedroom Homes for Rent | $8,733 | $7,200 | $9,700 |
Browse Homes for Rent in this Neighborhood
There are currently 22 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 |
| Munroe Towers | Floorplan N | 1BR,1BA | $1,954 |
| Surfhouse Asbury Park | A1M1 - Balcony | 1BR,1BA | $3,250 |
| 42 Pilgrim Pathway | 2/2 | 2BR,2BA | $3,350 |
Best Value Apartments for Rent in Waterfront, NJ
As of June 06, 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 2/2 Model at 42 Pilgrim Pathway starting at $3,350 with a $4.19 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 |
| 42 Pilgrim Pathway | 2/2 | 2BR,2BA | $4.19 |
| Surfhouse Asbury Park | A1M2 - Juliet Balcony | 1BR,1BA | $5.28 |
| Munroe Towers | Floorplan L | 1BR,1BA | $2.97 |
| 200 Deal Lake Drive | 1 Bed / 1 Bath | 1BR,1BA | $3.00 |
| 45 Pilgrim Pathway, Unit APT#3 | 45 Pilgrim Pathway | 2BR,1BA | $4.10 |
| 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 ArticleReal 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.
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 Waterfront
What type of rentals are currently available in Waterfront?
There are currently 308 Apartments for Rent in Waterfront, NJ with pricing that ranges from $1,437 to $10,155. There are also 112 Single Family Homes for rent, Condos, and Townhome rentals currently available in Waterfront ranging from $1,500 to $45,000.
What is the current price range for Rental Homes in Waterfront?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Waterfront ranges from $1,500 to $45,000 with an average monthly rent of $7,456.
How much are larger Three and Four Bedroom Rentals in Waterfront?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Waterfront range from $3,500 to $6,075, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,200 to $35,000. Four Bedroom Single-Family rentals are also available starting from $2,500 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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.