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Home/NJ/Monmouth County

Monmouth County, NJ

CountySAFMR
Found 61 ZIPs
Zillow

County Median Investment Score

42Below average

095130300
BRFMR
Eff. Rent
0 BR$880 – $2,500$970 – $2,720
1 BR$970 – $2,770$1,070 – $2,800
2 BR$1,200 – $3,420$1,320 – $3,760
3 BR$1,540 – $4,390$1,690 – $4,690
4 BR$1,700 – $4,860$1,870 – $5,350
5 BR$3,887Not available
6 BR$4,470Not available
7 BR$5,141Not available
8 BR$5,912Not available

Public Housing Authority

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Rolodex

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Market Alignment

Studio
16
0.40-1.40
1 BR
10
0.35-1.50
2 BR
9
0.41-1.48
3 BR
9
0.35-1.60
4 BR
11
0.34-1.44
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

Monmouth County, NJ fair market rent, FY 2027

For FY 2027, HUD's two-bedroom Small Area Fair Market Rent across the 61 ZIP codes in Monmouth County, NJ ranges from $1,200 to $3,420 a month, with a median of $2,380. That is up 0.8% from $2,360 in FY 2026. Monmouth County is in the Monmouth-Ocean, NJ HUD Metro FMR Area, where HUD requires housing authorities to set voucher payment standards by ZIP code using Small Area FMRs. The median county two-bedroom FMR in New Jersey is $2,233, so Monmouth County is 7% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for Monmouth County, NJ
BedroomsFY 2027Change90–110% range
Studio$1,740+2.4%$1,566–$1,914
1BR$1,930+1.0%$1,737–$2,123
2BR$2,380+0.8%$2,142–$2,618
3BR$3,050−1.3%$2,745–$3,355
4BR$3,380−1.2%$3,042–$3,718

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for Monmouth County, NJ
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,740$1,930$2,380$3,050$3,380
FY 2026$1,700$1,910$2,360$3,090$3,420
FY 2025$1,480$1,660$2,050$2,730$3,040
FY 2024$1,400$1,560$1,930$2,615$2,920
FY 2023$1,180$1,320$1,650$2,260$2,505

Two-bedroom rent by ZIP code

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. median
07702$3,420+43.7%
07704$3,420+43.7%
07722$3,420+43.7%
07733$3,420+43.7%
07746$3,420+43.7%
08555$3,400+42.9%
08730$3,380+42.0%
07751$3,330+39.9%
07755$3,250+36.6%
07731$3,210+34.9%
07739$3,030+27.3%
08535$2,980+25.2%
08691$2,820+18.5%
07760$2,810+18.1%
07750$2,800+17.6%
08510$2,660+11.8%
07701$2,620+10.1%
08750$2,580+8.4%
07730$2,560+7.6%
07716$2,540+6.7%
07747$2,540+6.7%
07764$2,540+6.7%
07757$2,490+4.6%
07721$2,480+4.2%

Showing the 24 highest of 60 ZIP codes.

Questions about Monmouth County, NJ rents

How much will Section 8 pay for a two-bedroom in Monmouth County, NJ?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With a two-bedroom FMR of $2,380, that basic range is $2,142 to $2,618 a month. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.

Which HUD fair market rent area is Monmouth County, NJ in?

Monmouth County, NJ is in the Monmouth-Ocean, NJ HUD Metro FMR Area. HUD requires Small Area FMRs in this area, so payment standards are set by ZIP code.

How much did fair market rent change in Monmouth County, NJ for FY 2027?

The two-bedroom FMR rose 0.8%, from $2,360 in FY 2026 to $2,380 in FY 2027. Since FY 2023 it has risen 44.2%.

When do FY 2027 fair market rents take effect?

HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.

Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set

NJ statewide rentsWhat is SAFMR?Data sources