Cheap Apartments for Rent near Shrewsbury, NJ from $1,540 (37 Rentals)

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Search the lowest-cost Apartments available for rent right now in Shrewsbury.

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56 Spring St, Unit 56 B
$1,800

Total Monthly Price

Base Rent$1,800

Total Monthly Price$1,800
1 Bedroom Apartment Available Oct 15

56 Spring St, Unit 56 B

56 Spring StRed Bank, NJ 07701
Affordability
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Greentree Apartments
Studio to 2 Bedroom Apartments

Greentree Apartments

239 Spring StRed Bank, NJ 07701
  • Utilities Included
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Lido Village
1 to 2 Bedroom Apartments

Lido Village

111 Victor AveEatontown, NJ 07724
  • Utilities Included

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From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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83 Monmouth St
Studio to 1 Bedroom Apartments

83 Monmouth St

83 Monmouth StRed Bank, NJ 07701
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Grandville Towers
1 to 2 Bedroom Apartments

Grandville Towers

19 Morford PlRed Bank, NJ 07701
  • Utilities Included
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Victoria Gardens
1 to 2 Bedroom Apartments

Victoria Gardens

117 Victoria DrEatontown, NJ 07724
  • Utilities Included
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Sutton Commons
1 Bedroom Apartments

Sutton Commons

165 Branch AveRed Bank, NJ 07701
  • Utilities Included
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Westside Lofts
1 to 2 Bedroom Apartments

Westside Lofts

1 Bridge AveRed Bank, NJ 07701
  • Utilities Included
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57 Peters Place
Studio to 2 Bedroom Apartments

57 Peters Place

57 Peters PlRed Bank, NJ 07701
  • Utilities Included

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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The Red Bank Standard
1 to 2 Bedroom Apartments

The Red Bank Standard

170 Monmouth StRed Bank, NJ 07701
  • Utilities Included

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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Liberty Walk
3 Bedroom Apartments

Liberty Walk

4 Gosselin AveOceanport, NJ 07757

Shrewsbury, NJ Local Guide

Cheapest Available Shrewsbury Apartments for Rent and Nearby

 

The cheapest available apartment rental in Shrewsbury, NJ is a 1 Bed unit found at Oceanport Gardens in the Jockey Club neighborhood priced from $1,540. Lakeview Terrace Apartment Homes in the Greenbriar Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,990. Here is today’s list of the most affordable Shrewsbury apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Oceanport Gardens1 BD / 1 BA1BR, 1BA$1,540
Lakeview Terrace Apartment HomesOne Bedroom - 750 sqft1BR, 1BA$1,990
Southbrook Gardens1 Bedroom1BR, 1BA$2,049
Eatoncrest Apartment HomesOne Bedroom - 648 sqft1BR, 1BA$2,085
Garrison ApartmentsOne Bedroom1BR, 1BA$2,100
Wedgewood Gardens1 Bedroom FM1BR, 1BA$2,257
Station Place Apartments1BR/1BA1BR, 1BA$3,100
Fortune SquareFortune2BR, 2BA$3,300
Colony House ApartmentsE1BR, 1BA$3,350

Best Value Apartments for Rent in Shrewsbury, NJ and Nearby

As of September 25, 2026 the best value apartment in the Shrewsbury area is the $2.14 price per square foot 1 Bedroom Model at Victoria Gardens in the Eatontown neighborhood starting from $1,930. The second greatest value Shrewsbury apartment is the 1 Bedroom FM Model at Wedgewood Gardens in the Eatontown neighborhood starting at $2,257 with a $2.66 price per square foot. Here is today’s list of the best values for Shrewsbury apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Victoria Gardens1 Bedroom1BR, 1BA$2.14
Wedgewood Gardens1 Bedroom FM1BR, 1BA$2.66
Colony House ApartmentsE1BR, 1BA$4.00
Station Place Apartments1BR/1BA1BR, 1BA$4.01
Garrison ApartmentsOne Bedroom1BR, 1BA$2.74
Lakeview Terrace Apartment HomesOne Bedroom - 750 sqft1BR, 1BA$2.65
Southbrook Gardens1 Bedroom1BR, 1BA$2.83
Eatoncrest Apartment HomesOne Bedroom - 648 sqft1BR, 1BA$3.22
Oceanport Gardens1 BD / 1 BA1BR, 1BA$2.57

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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Navigating the Rental Market: Tips for First-Time Renters

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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.

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Frequently Asked Questions about Cheap Shrewsbury Apartments

How much is rent for a Cheap One Bedroom Shrewsbury Apartment?

The lowest price for a Cheap One Bedroom Shrewsbury Apartment is $1,540 at Oceanport Gardens.

What is the lowest price for a Cheap Two Bedroom Shrewsbury Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Shrewsbury is starting from $1,882 at Oceanport Gardens.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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How Commercial-to-Residential Property Conversions Help the Housing Crisis

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Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

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Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

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Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.