Cheap Apartments for Rent near Shrewsbury, NJ from $900 (42 Rentals)

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

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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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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Greentree Apartments
Studio to 2 Bedroom Apartments

Greentree Apartments

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

Lido Village

111 Victor AveEatontown, NJ 07724
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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
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Sutton Commons
1 Bedroom Apartments

Sutton Commons

165 Branch AveRed Bank, NJ 07701
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Victoria Gardens
1 to 2 Bedroom Apartments

Victoria Gardens

117 Victoria DrEatontown, NJ 07724
  • 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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Westside Lofts
1 to 2 Bedroom Apartments

Westside Lofts

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

57 Peters Place

57 Peters PlRed 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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The Red Bank Standard
1 to 2 Bedroom Apartments

The Red Bank Standard

170 Monmouth StRed Bank, NJ 07701
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Liberty Walk
3 Bedroom Apartments

Liberty Walk

4 Gosselin AveOceanport, NJ 07757

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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Showing Results 1-42, Page 1 of 1

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. Country Club Apartments in the Greenbriar Falls neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,845. 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
Country Club Apartments1 Bedroom 1 Bathroom1BR,1BA$1,845
Lakeview Terrace Apartment HomesOne Bedroom - 750 sqft1BR,1BA$1,965
Eatoncrest Apartment HomesOne Bedroom - 648 sqft1BR,1BA$2,085
Garrison ApartmentsOne Bedroom1BR,1BA$2,100
Wedgewood Gardens1 Bedroom FM1BR,1BA$2,128
Colony House ApartmentsSTUDIO - DDStudio,1BA$2,350
57 Peters Place1 Bedroom1BR,1BA$2,500
Fortune SquareParker1BR,1BA$2,850
Molly Pitcher Village Apartments2 Bedroom2BR,1BA$2,880

Best Value Apartments for Rent in Shrewsbury, NJ and Nearby

As of August 08, 2026 the best value apartment in the Shrewsbury area is the $1.79 price per square foot 40 McLaren St Model at 40 McLaren St, Unit A in the in the Greenbriar Falls neighborhood starting from $3,500. The second greatest value Shrewsbury apartment is the 2 Bed, 2 Bth Model at The Forum starting at $4,250 with a $2.66 price per square foot in the Greenbriar Falls neighborhood. 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.
40 McLaren St, Unit A40 McLaren St3BR,1BA$1.79
The Forum2 Bed, 2 Bth2BR,2BA$2.66
The Rail at Red BankRB2B2BR,2BA$3.83
Lakeview Terrace Apartment HomesTwo Bedroom- 950 sqft2BR,1BA$2.69
Wedgewood Gardens1 Bedroom FM1BR,1BA$2.36
Country Club Apartments2 Bedroom 1 Bathroom2BR,1BA$2.82
Garrison ApartmentsOne Bedroom1BR,1BA$2.74
57 Peters Place1 Bedroom1BR,1BA$3.33
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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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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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Shrewsbury, NJ Rentals by Map

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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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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.