Monmouth County, NJ

2022 Fair Market Rents

Tags: 2022 SAFMRS Monmouth-Ocean, NJ HUD Metro FMR Area

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 ($1,558) has a 0.8% higher FMR for 2-Bedroom housing than the average of New Jersey ($1,545) and therefore a higher 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)

$1,092
studio
$1,230
1-Bedroom
$1,558
2-Bedroom
$2,142
3-Bedroom
$2,374
4-Bedroom

Median Rent (50th Percentile)

$1,175
studio
$1,323
1-Bedroom
$1,676
2-Bedroom
$2,304
3-Bedroom
$2,554
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 $1,160 $1,310 $1,660 $2,280 $2,530
07702 $1,640 $1,850 $2,340 $3,220 $3,570
07703 $1,420 $1,600 $2,020 $2,780 $3,080
07704 $1,640 $1,850 $2,340 $3,220 $3,570
07710 $1,080 $1,220 $1,540 $2,120 $2,350
07711 $970 $1,090 $1,380 $1,900 $2,100
07712 $1,100 $1,240 $1,570 $2,160 $2,390
07716 $930 $1,050 $1,330 $1,830 $2,030
07717 $1,160 $1,300 $1,650 $2,270 $2,510
07718 $1,300 $1,460 $1,860 $2,560 $2,840
07719 $1,130 $1,270 $1,610 $2,210 $2,450
07720 $1,020 $1,150 $1,460 $2,010 $2,220
07722 $1,610 $1,820 $2,300 $3,160 $3,500
07723 $950 $1,080 $1,390 $1,910 $2,120
07724 $970 $1,090 $1,380 $1,900 $2,100
07727 $810 $920 $1,160 $1,590 $1,770
07728 $1,280 $1,440 $1,840 $2,530 $2,810
07730 $930 $1,040 $1,320 $1,810 $2,010
07731 $1,100 $1,240 $1,570 $2,160 $2,390
07732 $930 $1,050 $1,330 $1,830 $2,030
07733 $1,610 $1,810 $2,290 $3,150 $3,490
07734 $1,070 $1,200 $1,520 $2,090 $2,320
07737 $950 $1,070 $1,360 $1,870 $2,070
07738 $690 $810 $1,060 $1,440 $1,630
07739 $1,640 $1,850 $2,340 $3,220 $3,570
07740 $1,130 $1,270 $1,610 $2,210 $2,450
07746 $1,640 $1,850 $2,340 $3,220 $3,570
07748 $1,180 $1,330 $1,680 $2,310 $2,560
07750 $1,640 $1,850 $2,340 $3,220 $3,570
07752 $1,080 $1,220 $1,540 $2,120 $2,350
07753 $1,150 $1,290 $1,640 $2,250 $2,500
07754 $1,080 $1,220 $1,540 $2,120 $2,350
07755 $1,240 $1,400 $1,770 $2,430 $2,700
07756 $900 $1,010 $1,280 $1,760 $1,950
07757 $1,640 $1,850 $2,340 $3,220 $3,570
07758 $1,640 $1,850 $2,340 $3,220 $3,570
07760 $1,450 $1,630 $2,070 $2,850 $3,150
07762 $1,130 $1,270 $1,610 $2,210 $2,450
07763 $1,080 $1,220 $1,540 $2,120 $2,350
07764 $1,440 $1,620 $2,050 $2,820 $3,120
07765 $1,080 $1,220 $1,540 $2,120 $2,350
08510 $1,540 $1,730 $2,190 $3,010 $3,340
08514 $970 $1,100 $1,390 $1,910 $2,120
08527 $1,070 $1,200 $1,520 $2,090 $2,320
08535 $1,130 $1,270 $1,610 $2,210 $2,450
08555 $1,350 $1,520 $1,920 $2,640 $2,930
08720 $1,060 $1,200 $1,520 $2,090 $2,310
08724 $1,160 $1,310 $1,660 $2,280 $2,530
08730 $1,640 $1,850 $2,340 $3,220 $3,570
08736 $1,020 $1,150 $1,460 $2,010 $2,220
08750 $890 $1,000 $1,270 $1,750 $1,940
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
07701 $1,044 $1,179 $1,494 $2,052 $2,277
07702 $1,476 $1,665 $2,106 $2,898 $3,213
07703 $1,278 $1,440 $1,818 $2,502 $2,772
07704 $1,476 $1,665 $2,106 $2,898 $3,213
07710 $972 $1,098 $1,386 $1,908 $2,115
07711 $873 $981 $1,242 $1,710 $1,890
07712 $990 $1,116 $1,413 $1,944 $2,151
07716 $837 $945 $1,197 $1,647 $1,827
07717 $1,044 $1,170 $1,485 $2,043 $2,259
07718 $1,170 $1,314 $1,674 $2,304 $2,556
07719 $1,017 $1,143 $1,449 $1,989 $2,205
07720 $918 $1,035 $1,314 $1,809 $1,998
07722 $1,449 $1,638 $2,070 $2,844 $3,150
07723 $855 $972 $1,251 $1,719 $1,908
07724 $873 $981 $1,242 $1,710 $1,890
07727 $729 $828 $1,044 $1,431 $1,593
07728 $1,152 $1,296 $1,656 $2,277 $2,529
07730 $837 $936 $1,188 $1,629 $1,809
07731 $990 $1,116 $1,413 $1,944 $2,151
07732 $837 $945 $1,197 $1,647 $1,827
07733 $1,449 $1,629 $2,061 $2,835 $3,141
07734 $963 $1,080 $1,368 $1,881 $2,088
07737 $855 $963 $1,224 $1,683 $1,863
07738 $621 $729 $954 $1,296 $1,467
07739 $1,476 $1,665 $2,106 $2,898 $3,213
07740 $1,017 $1,143 $1,449 $1,989 $2,205
07746 $1,476 $1,665 $2,106 $2,898 $3,213
07748 $1,062 $1,197 $1,512 $2,079 $2,304
07750 $1,476 $1,665 $2,106 $2,898 $3,213
07752 $972 $1,098 $1,386 $1,908 $2,115
07753 $1,035 $1,161 $1,476 $2,025 $2,250
07754 $972 $1,098 $1,386 $1,908 $2,115
07755 $1,116 $1,260 $1,593 $2,187 $2,430
07756 $810 $909 $1,152 $1,584 $1,755
07757 $1,476 $1,665 $2,106 $2,898 $3,213
07758 $1,476 $1,665 $2,106 $2,898 $3,213
07760 $1,305 $1,467 $1,863 $2,565 $2,835
07762 $1,017 $1,143 $1,449 $1,989 $2,205
07763 $972 $1,098 $1,386 $1,908 $2,115
07764 $1,296 $1,458 $1,845 $2,538 $2,808
07765 $972 $1,098 $1,386 $1,908 $2,115
08510 $1,386 $1,557 $1,971 $2,709 $3,006
08514 $873 $990 $1,251 $1,719 $1,908
08527 $963 $1,080 $1,368 $1,881 $2,088
08535 $1,017 $1,143 $1,449 $1,989 $2,205
08555 $1,215 $1,368 $1,728 $2,376 $2,637
08720 $954 $1,080 $1,368 $1,881 $2,079
08724 $1,044 $1,179 $1,494 $2,052 $2,277
08730 $1,476 $1,665 $2,106 $2,898 $3,213
08736 $918 $1,035 $1,314 $1,809 $1,998
08750 $801 $900 $1,143 $1,575 $1,746
ZipCode Studio 1-Bed 2-Bed 3-Bed 4-Bed
07701 $1,276 $1,441 $1,826 $2,508 $2,783
07702 $1,804 $2,035 $2,574 $3,542 $3,927
07703 $1,562 $1,760 $2,222 $3,058 $3,388
07704 $1,804 $2,035 $2,574 $3,542 $3,927
07710 $1,188 $1,342 $1,694 $2,332 $2,585
07711 $1,067 $1,199 $1,518 $2,090 $2,310
07712 $1,210 $1,364 $1,727 $2,376 $2,629
07716 $1,023 $1,155 $1,463 $2,013 $2,233
07717 $1,276 $1,430 $1,815 $2,497 $2,761
07718 $1,430 $1,606 $2,046 $2,816 $3,124
07719 $1,243 $1,397 $1,771 $2,431 $2,695
07720 $1,122 $1,265 $1,606 $2,211 $2,442
07722 $1,771 $2,002 $2,530 $3,476 $3,850
07723 $1,045 $1,188 $1,529 $2,101 $2,332
07724 $1,067 $1,199 $1,518 $2,090 $2,310
07727 $891 $1,012 $1,276 $1,749 $1,947
07728 $1,408 $1,584 $2,024 $2,783 $3,091
07730 $1,023 $1,144 $1,452 $1,991 $2,211
07731 $1,210 $1,364 $1,727 $2,376 $2,629
07732 $1,023 $1,155 $1,463 $2,013 $2,233
07733 $1,771 $1,991 $2,519 $3,465 $3,839
07734 $1,177 $1,320 $1,672 $2,299 $2,552
07737 $1,045 $1,177 $1,496 $2,057 $2,277
07738 $759 $891 $1,166 $1,584 $1,793
07739 $1,804 $2,035 $2,574 $3,542 $3,927
07740 $1,243 $1,397 $1,771 $2,431 $2,695
07746 $1,804 $2,035 $2,574 $3,542 $3,927
07748 $1,298 $1,463 $1,848 $2,541 $2,816
07750 $1,804 $2,035 $2,574 $3,542 $3,927
07752 $1,188 $1,342 $1,694 $2,332 $2,585
07753 $1,265 $1,419 $1,804 $2,475 $2,750
07754 $1,188 $1,342 $1,694 $2,332 $2,585
07755 $1,364 $1,540 $1,947 $2,673 $2,970
07756 $990 $1,111 $1,408 $1,936 $2,145
07757 $1,804 $2,035 $2,574 $3,542 $3,927
07758 $1,804 $2,035 $2,574 $3,542 $3,927
07760 $1,595 $1,793 $2,277 $3,135 $3,465
07762 $1,243 $1,397 $1,771 $2,431 $2,695
07763 $1,188 $1,342 $1,694 $2,332 $2,585
07764 $1,584 $1,782 $2,255 $3,102 $3,432
07765 $1,188 $1,342 $1,694 $2,332 $2,585
08510 $1,694 $1,903 $2,409 $3,311 $3,674
08514 $1,067 $1,210 $1,529 $2,101 $2,332
08527 $1,177 $1,320 $1,672 $2,299 $2,552
08535 $1,243 $1,397 $1,771 $2,431 $2,695
08555 $1,485 $1,672 $2,112 $2,904 $3,223
08720 $1,166 $1,320 $1,672 $2,299 $2,541
08724 $1,276 $1,441 $1,826 $2,508 $2,783
08730 $1,804 $2,035 $2,574 $3,542 $3,927
08736 $1,122 $1,265 $1,606 $2,211 $2,442
08750 $979 $1,100 $1,397 $1,925 $2,134

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

HUD Seal

Fair Market Rents are published by the Department of Housing And Urban Development.