Tags: 2023 SAFMRS Monmouth-Ocean, NJ HUD Metro FMR Area
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Return to the state page to see where New Jersey ranks nationally and to view information on other counties. Click on the map to view a different county.
The top 4 largest cities in Monmouth County are Jackson, Freehold, Brick, and Howell. Fair Market Rents on this page may apply depending on whether the county uses SAFMRs or county level FMRs. Cities in multiple SAFMR areas will have different SAFMRS based on ZIP code.
What type of FMR does Monmouth County use?
Monmouth County is determined by the HUD to use Small Area Fair Market Rents. 40th percentile FMRs still exist for this county but they are not used.
To learn more about the criteria the HUD uses to determine if a Metro FMR Area requires Small Area Fair Market Rents click here.
How does Monmouth County compare?
Monmouth County ($1,602) has a 3.6% lower FMR for 2-Bedroom housing than the average of New Jersey ($1,661) and therefore has a lower gross rent.
Monmouth County is rank 7th out of 21 counties. This means the FMRs, or in other words, the gross rent is higher than 14 other counties. Monmouth County is the 7th most expensive county in terms of FMRs.
Rent Tables Monmouth County, NJ
Fair Market Rent (40th Percentile)
studio
1-Bedroom
2-Bedroom
3-Bedroom
4-Bedroom
Median Rent (50th Percentile)
studio
1-Bedroom
2-Bedroom
3-Bedroom
4-Bedroom
Small Market Areas (By Zip Code)
The 90% and 110% SAFMRs represent the minimum and maximum payment standards that can be set by the local Public Housing Authority under regular conditions. The payment standard is the actual value used in Section 8. For more on payment standards click here.
FMRs and SAFMRs are set by the HUD. The local PHA takes these FMR/SAFMR values and may decide to use any value that is within +-10% of the FMR/SAFMR as the payment standard for the areas under their jurisdiction.
For a more in-depth explaination return to the overview page.
| ZipCode | Studio | 1-Bed | 2-Bed | 3-Bed | 4-Bed |
|---|---|---|---|---|---|
| 07701 | $1,290 | $1,440 | $1,800 | $2,460 | $2,740 |
| 07702 | $1,720 | $1,920 | $2,400 | $3,290 | $3,660 |
| 07703 | $1,490 | $1,660 | $2,080 | $2,840 | $3,160 |
| 07704 | $1,480 | $1,670 | $2,110 | $2,900 | $3,220 |
| 07710 | $1,140 | $1,270 | $1,590 | $2,180 | $2,420 |
| 07711 | $1,020 | $1,140 | $1,430 | $1,960 | $2,180 |
| 07712 | $1,160 | $1,290 | $1,620 | $2,220 | $2,470 |
| 07716 | $1,000 | $1,120 | $1,400 | $1,920 | $2,130 |
| 07717 | $1,160 | $1,290 | $1,620 | $2,220 | $2,470 |
| 07718 | $1,320 | $1,480 | $1,850 | $2,530 | $2,820 |
| 07719 | $1,180 | $1,320 | $1,650 | $2,260 | $2,510 |
| 07720 | $1,080 | $1,210 | $1,510 | $2,070 | $2,300 |
| 07722 | $1,670 | $1,860 | $2,330 | $3,190 | $3,550 |
| 07723 | $930 | $1,040 | $1,300 | $1,780 | $1,980 |
| 07724 | $1,020 | $1,130 | $1,420 | $1,940 | $2,160 |
| 07727 | $860 | $960 | $1,200 | $1,640 | $1,830 |
| 07728 | $1,330 | $1,480 | $1,860 | $2,550 | $2,830 |
| 07730 | $920 | $1,030 | $1,290 | $1,770 | $1,970 |
| 07731 | $1,200 | $1,340 | $1,680 | $2,300 | $2,560 |
| 07732 | $1,000 | $1,120 | $1,400 | $1,920 | $2,130 |
| 07733 | $1,690 | $1,880 | $2,360 | $3,230 | $3,600 |
| 07734 | $1,140 | $1,270 | $1,590 | $2,180 | $2,420 |
| 07737 | $1,010 | $1,130 | $1,410 | $1,930 | $2,150 |
| 07738 | $630 | $730 | $960 | $1,300 | $1,470 |
| 07739 | $1,720 | $1,920 | $2,400 | $3,290 | $3,660 |
| 07740 | $1,190 | $1,330 | $1,660 | $2,270 | $2,530 |
| 07746 | $1,720 | $1,920 | $2,400 | $3,290 | $3,660 |
| 07748 | $1,190 | $1,330 | $1,670 | $2,290 | $2,540 |
| 07750 | $1,720 | $1,920 | $2,400 | $3,290 | $3,660 |
| 07752 | $1,140 | $1,270 | $1,590 | $2,180 | $2,420 |
| 07753 | $1,190 | $1,330 | $1,670 | $2,290 | $2,540 |
| 07754 | $1,140 | $1,270 | $1,590 | $2,180 | $2,420 |
| 07755 | $1,330 | $1,480 | $1,860 | $2,550 | $2,830 |
| 07756 | $970 | $1,080 | $1,350 | $1,850 | $2,060 |
| 07757 | $1,720 | $1,920 | $2,400 | $3,290 | $3,660 |
| 07758 | $1,480 | $1,670 | $2,110 | $2,900 | $3,220 |
| 07760 | $1,440 | $1,600 | $2,010 | $2,750 | $3,060 |
| 07762 | $1,180 | $1,320 | $1,650 | $2,260 | $2,510 |
| 07763 | $1,140 | $1,270 | $1,590 | $2,180 | $2,420 |
| 07764 | $1,570 | $1,760 | $2,200 | $3,010 | $3,350 |
| 07765 | $1,140 | $1,270 | $1,590 | $2,180 | $2,420 |
| 08510 | $1,610 | $1,800 | $2,250 | $3,080 | $3,430 |
| 08514 | $1,090 | $1,220 | $1,530 | $2,090 | $2,330 |
| 08527 | $1,150 | $1,290 | $1,610 | $2,200 | $2,450 |
| 08535 | $1,210 | $1,350 | $1,690 | $2,310 | $2,570 |
| 08555 | $1,490 | $1,670 | $2,090 | $2,860 | $3,180 |
| 08720 | $1,120 | $1,250 | $1,570 | $2,150 | $2,390 |
| 08724 | $1,240 | $1,380 | $1,730 | $2,370 | $2,640 |
| 08730 | $1,720 | $1,920 | $2,400 | $3,290 | $3,660 |
| 08736 | $1,060 | $1,180 | $1,480 | $2,030 | $2,250 |
| 08750 | $1,120 | $1,250 | $1,570 | $2,150 | $2,390 |
| ZipCode | Studio | 1-Bed | 2-Bed | 3-Bed | 4-Bed |
|---|---|---|---|---|---|
| 07701 | $1,161 | $1,296 | $1,620 | $2,214 | $2,466 |
| 07702 | $1,548 | $1,728 | $2,160 | $2,961 | $3,294 |
| 07703 | $1,341 | $1,494 | $1,872 | $2,556 | $2,844 |
| 07704 | $1,332 | $1,503 | $1,899 | $2,610 | $2,898 |
| 07710 | $1,026 | $1,143 | $1,431 | $1,962 | $2,178 |
| 07711 | $918 | $1,026 | $1,287 | $1,764 | $1,962 |
| 07712 | $1,044 | $1,161 | $1,458 | $1,998 | $2,223 |
| 07716 | $900 | $1,008 | $1,260 | $1,728 | $1,917 |
| 07717 | $1,044 | $1,161 | $1,458 | $1,998 | $2,223 |
| 07718 | $1,188 | $1,332 | $1,665 | $2,277 | $2,538 |
| 07719 | $1,062 | $1,188 | $1,485 | $2,034 | $2,259 |
| 07720 | $972 | $1,089 | $1,359 | $1,863 | $2,070 |
| 07722 | $1,503 | $1,674 | $2,097 | $2,871 | $3,195 |
| 07723 | $837 | $936 | $1,170 | $1,602 | $1,782 |
| 07724 | $918 | $1,017 | $1,278 | $1,746 | $1,944 |
| 07727 | $774 | $864 | $1,080 | $1,476 | $1,647 |
| 07728 | $1,197 | $1,332 | $1,674 | $2,295 | $2,547 |
| 07730 | $828 | $927 | $1,161 | $1,593 | $1,773 |
| 07731 | $1,080 | $1,206 | $1,512 | $2,070 | $2,304 |
| 07732 | $900 | $1,008 | $1,260 | $1,728 | $1,917 |
| 07733 | $1,521 | $1,692 | $2,124 | $2,907 | $3,240 |
| 07734 | $1,026 | $1,143 | $1,431 | $1,962 | $2,178 |
| 07737 | $909 | $1,017 | $1,269 | $1,737 | $1,935 |
| 07738 | $567 | $657 | $864 | $1,170 | $1,323 |
| 07739 | $1,548 | $1,728 | $2,160 | $2,961 | $3,294 |
| 07740 | $1,071 | $1,197 | $1,494 | $2,043 | $2,277 |
| 07746 | $1,548 | $1,728 | $2,160 | $2,961 | $3,294 |
| 07748 | $1,071 | $1,197 | $1,503 | $2,061 | $2,286 |
| 07750 | $1,548 | $1,728 | $2,160 | $2,961 | $3,294 |
| 07752 | $1,026 | $1,143 | $1,431 | $1,962 | $2,178 |
| 07753 | $1,071 | $1,197 | $1,503 | $2,061 | $2,286 |
| 07754 | $1,026 | $1,143 | $1,431 | $1,962 | $2,178 |
| 07755 | $1,197 | $1,332 | $1,674 | $2,295 | $2,547 |
| 07756 | $873 | $972 | $1,215 | $1,665 | $1,854 |
| 07757 | $1,548 | $1,728 | $2,160 | $2,961 | $3,294 |
| 07758 | $1,332 | $1,503 | $1,899 | $2,610 | $2,898 |
| 07760 | $1,296 | $1,440 | $1,809 | $2,475 | $2,754 |
| 07762 | $1,062 | $1,188 | $1,485 | $2,034 | $2,259 |
| 07763 | $1,026 | $1,143 | $1,431 | $1,962 | $2,178 |
| 07764 | $1,413 | $1,584 | $1,980 | $2,709 | $3,015 |
| 07765 | $1,026 | $1,143 | $1,431 | $1,962 | $2,178 |
| 08510 | $1,449 | $1,620 | $2,025 | $2,772 | $3,087 |
| 08514 | $981 | $1,098 | $1,377 | $1,881 | $2,097 |
| 08527 | $1,035 | $1,161 | $1,449 | $1,980 | $2,205 |
| 08535 | $1,089 | $1,215 | $1,521 | $2,079 | $2,313 |
| 08555 | $1,341 | $1,503 | $1,881 | $2,574 | $2,862 |
| 08720 | $1,008 | $1,125 | $1,413 | $1,935 | $2,151 |
| 08724 | $1,116 | $1,242 | $1,557 | $2,133 | $2,376 |
| 08730 | $1,548 | $1,728 | $2,160 | $2,961 | $3,294 |
| 08736 | $954 | $1,062 | $1,332 | $1,827 | $2,025 |
| 08750 | $1,008 | $1,125 | $1,413 | $1,935 | $2,151 |
| ZipCode | Studio | 1-Bed | 2-Bed | 3-Bed | 4-Bed |
|---|---|---|---|---|---|
| 07701 | $1,419 | $1,584 | $1,980 | $2,706 | $3,014 |
| 07702 | $1,892 | $2,112 | $2,640 | $3,619 | $4,026 |
| 07703 | $1,639 | $1,826 | $2,288 | $3,124 | $3,476 |
| 07704 | $1,628 | $1,837 | $2,321 | $3,190 | $3,542 |
| 07710 | $1,254 | $1,397 | $1,749 | $2,398 | $2,662 |
| 07711 | $1,122 | $1,254 | $1,573 | $2,156 | $2,398 |
| 07712 | $1,276 | $1,419 | $1,782 | $2,442 | $2,717 |
| 07716 | $1,100 | $1,232 | $1,540 | $2,112 | $2,343 |
| 07717 | $1,276 | $1,419 | $1,782 | $2,442 | $2,717 |
| 07718 | $1,452 | $1,628 | $2,035 | $2,783 | $3,102 |
| 07719 | $1,298 | $1,452 | $1,815 | $2,486 | $2,761 |
| 07720 | $1,188 | $1,331 | $1,661 | $2,277 | $2,530 |
| 07722 | $1,837 | $2,046 | $2,563 | $3,509 | $3,905 |
| 07723 | $1,023 | $1,144 | $1,430 | $1,958 | $2,178 |
| 07724 | $1,122 | $1,243 | $1,562 | $2,134 | $2,376 |
| 07727 | $946 | $1,056 | $1,320 | $1,804 | $2,013 |
| 07728 | $1,463 | $1,628 | $2,046 | $2,805 | $3,113 |
| 07730 | $1,012 | $1,133 | $1,419 | $1,947 | $2,167 |
| 07731 | $1,320 | $1,474 | $1,848 | $2,530 | $2,816 |
| 07732 | $1,100 | $1,232 | $1,540 | $2,112 | $2,343 |
| 07733 | $1,859 | $2,068 | $2,596 | $3,553 | $3,960 |
| 07734 | $1,254 | $1,397 | $1,749 | $2,398 | $2,662 |
| 07737 | $1,111 | $1,243 | $1,551 | $2,123 | $2,365 |
| 07738 | $693 | $803 | $1,056 | $1,430 | $1,617 |
| 07739 | $1,892 | $2,112 | $2,640 | $3,619 | $4,026 |
| 07740 | $1,309 | $1,463 | $1,826 | $2,497 | $2,783 |
| 07746 | $1,892 | $2,112 | $2,640 | $3,619 | $4,026 |
| 07748 | $1,309 | $1,463 | $1,837 | $2,519 | $2,794 |
| 07750 | $1,892 | $2,112 | $2,640 | $3,619 | $4,026 |
| 07752 | $1,254 | $1,397 | $1,749 | $2,398 | $2,662 |
| 07753 | $1,309 | $1,463 | $1,837 | $2,519 | $2,794 |
| 07754 | $1,254 | $1,397 | $1,749 | $2,398 | $2,662 |
| 07755 | $1,463 | $1,628 | $2,046 | $2,805 | $3,113 |
| 07756 | $1,067 | $1,188 | $1,485 | $2,035 | $2,266 |
| 07757 | $1,892 | $2,112 | $2,640 | $3,619 | $4,026 |
| 07758 | $1,628 | $1,837 | $2,321 | $3,190 | $3,542 |
| 07760 | $1,584 | $1,760 | $2,211 | $3,025 | $3,366 |
| 07762 | $1,298 | $1,452 | $1,815 | $2,486 | $2,761 |
| 07763 | $1,254 | $1,397 | $1,749 | $2,398 | $2,662 |
| 07764 | $1,727 | $1,936 | $2,420 | $3,311 | $3,685 |
| 07765 | $1,254 | $1,397 | $1,749 | $2,398 | $2,662 |
| 08510 | $1,771 | $1,980 | $2,475 | $3,388 | $3,773 |
| 08514 | $1,199 | $1,342 | $1,683 | $2,299 | $2,563 |
| 08527 | $1,265 | $1,419 | $1,771 | $2,420 | $2,695 |
| 08535 | $1,331 | $1,485 | $1,859 | $2,541 | $2,827 |
| 08555 | $1,639 | $1,837 | $2,299 | $3,146 | $3,498 |
| 08720 | $1,232 | $1,375 | $1,727 | $2,365 | $2,629 |
| 08724 | $1,364 | $1,518 | $1,903 | $2,607 | $2,904 |
| 08730 | $1,892 | $2,112 | $2,640 | $3,619 | $4,026 |
| 08736 | $1,166 | $1,298 | $1,628 | $2,233 | $2,475 |
| 08750 | $1,232 | $1,375 | $1,727 | $2,365 | $2,629 |
Related Areas
Fair Market Rents on this page apply to the following cities in Monmouth County, New Jersey: Jackson, Freehold, Brick, Howell, Asbury Park, Neptune, Middletown, Long Branch, Red Bank, Eatontown, Belmar, Marlboro, Holmdel, Hazlet, Manasquan, Keansburg, Colts Neck, Rumson, Spring Lake, and Atlantic Highlands.
These Fair Market Rents also apply to the following ZIP codes in Monmouth County, New Jersey: 08527, 07728, 08724, 07731, 07712, 07753, 07748, 07740, 07701, 07724, 07719, 07746, 07733, 07730, 08736, 07734, 07722, 07760, 07762, and 07716.
Monmouth County, NJ is considered part of the following metro FMR area: MONMOUTH-OCEAN, NJ HUD METRO FMR AREA.
Other counties in the same metro FMR area are: Ocean County, NJ.
More on Monmouth County, NJ
Want to learn more about Monmouth County, NJ? See Loan Limits in Monmouth County, NJ to view maximum loan amounts or click here to find a Public Housing Authority near Monmouth County, NJ who can help with finding affordable housing near you.
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Data Source
Fair Market Rents are published by the Department of Housing And Urban Development.