Cheap Homes for Rent in Neptune, NJ from $1,500 (34 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Neptune.

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.

Neptune, NJ Local Guide

Cheapest Neighborhoods for Apartments in Neptune, NJ

Pricing Updated: 06/04/2026

Current apartment rentals in the Neptune, NJ area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Neptune Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Neptune City$8,405$1,43756

Cheapest Available Neptune Apartments for Rent and Nearby

 

The cheapest available apartment rental in Neptune, NJ is a 1 Bed unit found at Wayside Oaks priced from $1,230. Allenwood Terrace Apartments in the Wall Township neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,237. Here is today’s list of the most affordable Neptune apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Wayside OaksTHE CHESTNUT1BR,1BA$1,230
Allenwood Terrace ApartmentsOne Bedroom1BR,1BA$1,237
Holly House ApartmentsStudioStudio,1BA$1,437
Heritage Village at Ocean, A 55+ Community1 BEDROOM1BR,1BA$1,440
Middlebrook at Monmouth$2.20/sq.ft. - One Bedroom1BR,1BA$1,695
200 Deal Lake DriveStudioStudio,1BA$1,700
Oxford HeightsSpring Special 50% off second month! Spacious F...1BR,1BA$1,825
Munroe TowersFloorplan N1BR,1BA$1,944
The Manor at Spring Lake, LLC1 Bedroom/1Bath1BR,1BA$1,985
West Park Manor1 Bedroom1BR,1BA$1,999

Best Value Apartments for Rent in Neptune, NJ and Nearby

As of June 04, 2026 the best value apartment in the Neptune area is the $2.22 price per square foot 227 16th Ave Model at 227 16th Ave, Unit B in the in the Downtown Neptune City neighborhood starting from $3,275. The second greatest value Neptune apartment is the One Bedroom Model at Surfside Crossing starting at $2,900 with a $2.64 price per square foot in the Downtown Asbury Park neighborhood. Here is today’s list of the best values for Neptune apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
227 16th Ave, Unit B227 16th Ave4BR,1.5BA$2.22
Surfside CrossingOne Bedroom1BR,1BA$2.64
Mi Place at Wayside1BR/1BA1BR,1BA$2.31
501-511 Lake Ter2BR/1.0BA2BR,1BA$2.63
The Manor at Spring Lake, LLC1 Bedroom/1Bath1BR,1BA$2.36
Middlebrook at Monmouth$2.20/sq.ft. - One Bedroom1BR,1BA$2.20
Allenwood Terrace ApartmentsOne Bedroom1BR,1BA$1.64
Heritage Village at Ocean, A 55+ Community1 BEDROOM1BR,1BA$2.00
Oxford HeightsSpring Special 50% off second month! Spacious F...1BR,1BA$2.61
Wayside OaksTHE CHESTNUT1BR,1BA$1.79

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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Neptune, NJ Rentals by Map

View Map
Neptune, NJ Apartments Map
View Map
Neptune, NJ Rental Homes Map

Frequently Asked Questions about Neptune

What type of rentals are currently available in Neptune?

There are currently 482 Apartments for Rent in Neptune, NJ with pricing that ranges from $1,437 to $50,000. There are also 322 Single Family Homes for rent, Condos, and Townhome rentals currently available in Neptune ranging from $1,500 to $59,000.

What is the current price range for Rental Homes in Neptune?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Neptune ranges from $1,500 to $59,000 with an average monthly rent of $9,302.

How much are larger Three and Four Bedroom Rentals in Neptune?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Neptune range from $3,025 to $6,075, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $55,000. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $3,275.

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 Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.

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.

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

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.