About This Property
Villa Esperanza offers 43 low-income residential units in Newark, NJ, with a mix of studio, one-bedroom, two-bedroom, and three-bedroom apartments. The property has been in service since 2004 and is managed to provide affordable housing options for Essex County residents. The unit distribution includes 4 studios, 15 one-bedroom units, 21 two-bedroom units, and 4 three-bedroom units.
Waitlist Information
Waitlist managed by Newark Housing Authority
Applications are currently being accepted for all open low-income public housing waiting lists. Selection is based on date and time stamp of application, lottery position, selection preferences, development choice(s) and apartment size. The NHA may close the waiting list if it has enough applicants to fill projected vacancies for the next 24 months.
The Housing Choice Voucher Program waiting list is currently closed. No new applications are being accepted at this time.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Essex County, NJ
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $1,379 |
| 1 Bedroom | $1,590 |
| 2 Bedroom | $1,916 |
| 3 Bedroom | $2,424 |
| 4 Bedroom | $2,800 |
Income Limits - Essex County, NJ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,550
- Very Low (50%)
- $37,600
- Low (80%)
- $55,950
- Extremely Low (30%)
- $25,800
- Very Low (50%)
- $43,000
- Low (80%)
- $63,950
- Extremely Low (30%)
- $29,000
- Very Low (50%)
- $48,350
- Low (80%)
- $71,950
- Extremely Low (30%)
- $32,200
- Very Low (50%)
- $53,700
- Low (80%)
- $79,900
- Extremely Low (30%)
- $34,800
- Very Low (50%)
- $58,000
- Low (80%)
- $86,300
- Extremely Low (30%)
- $37,400
- Very Low (50%)
- $62,300
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $66,600
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $70,900
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,550 | $37,600 | $55,950 |
| 2 Persons | $25,800 | $43,000 | $63,950 |
| 3 Persons | $29,000 | $48,350 | $71,950 |
| 4 Persons | $32,200 | $53,700 | $79,900 |
| 5 Persons | $34,800 | $58,000 | $86,300 |
| 6 Persons | $37,400 | $62,300 | $92,700 |
| 7 Persons | $40,120 | $66,600 | $99,100 |
| 8 Persons | $44,660 | $70,900 | $105,500 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Newark, NJ?+
The Fair Market Rent (FMR) for Essex County, NJ is: $1379 (Studio), $1590 (1BR), $1916 (2BR), $2424 (3BR), $2800 (4BR). Actual rent at subsidized properties like Villa Esperanza is typically 30% of household income or less.
What size apartments are available at Villa Esperanza?+
Villa Esperanza offers the following unit types: 4 Studio, 15 One-Bedroom, 21 Two-Bedroom, 4 Three-Bedroom units, for a total of 43 units.
Who manages Villa Esperanza?+
Villa Esperanza is managed by . You can reach them at .
How do I apply for housing at Villa Esperanza?+
Villa Esperanza is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
What are the income limits for affordable housing in Essex County, NJ?+
For a 4-person household in Essex County, NJ, the income limits are: Extremely Low Income (30% AMI): $32,200, Very Low Income (50% AMI): $53,700, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
Is there a waitlist for Villa Esperanza?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Closed. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
What is the price range for apartments in Newark, NJ?+
Based on Fair Market Rent for Essex County, the estimated price range is: 1-bedroom: $1590, 2-bedroom: $1916, 3-bedroom: $2424. Actual rent at Villa Esperanza may be lower for income-eligible households.
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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