About This Property
River Street Commons consists of 62 units in Red Bank, Monmouth County, featuring 8 studios and 53 one-bedroom apartments designated as low-income housing. The property has been in service since 1996 and is owned and operated by a non-profit organization. This development utilizes 9% Low-Income Housing Tax Credits to support its affordable housing mission.
Waitlist Information
Waitlist managed by Red Bank Housing Authority
To know the status of a pre-application or update information, requests must be submitted in writing and mailed to the Housing Authority. Preferences include victims of domestic violence, working families (head, spouse, cohead, or sole member working at least 20 hours per week), veterans or surviving spouses of veterans, current members of the U.S. Armed Forces, involuntary displaced local residents, residents who live and work in the RBHA's jurisdiction, residents who live in the jurisdiction of the RBHA, involuntary displaced non-local residents, and non-residents who work in the RBHA's jurisdiction.
To know the status of a pre-application or update information, requests must be submitted in writing and mailed to the Housing Authority. Preferences include victims of domestic violence, veterans or surviving spouses of veterans, current members of the U.S. Armed Forces, involuntary displaced local residents, residents who live and work in the RBHA's jurisdiction, residents who live in the jurisdiction of the RBHA, involuntary displaced non-local residents, and non-residents who work in the RBHA's jurisdiction. A preference is also offered to families terminated from the HCV program due to insufficient funding.
Waitlist data provided by section8waitlist.org
Updated June 19, 2026
Property Details
Fair Market Rent - Monmouth 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 | $1,385 |
| 1 Bedroom | $1,546 |
| 2 Bedroom | $1,916 |
| 3 Bedroom | $2,604 |
| 4 Bedroom | $2,904 |
Income Limits - Monmouth County, NJ
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $22,900
- Very Low (50%)
- $38,150
- Low (80%)
- $55,950
- Extremely Low (30%)
- $26,150
- Very Low (50%)
- $43,600
- Low (80%)
- $63,950
- Extremely Low (30%)
- $29,400
- Very Low (50%)
- $49,050
- Low (80%)
- $71,950
- Extremely Low (30%)
- $32,650
- Very Low (50%)
- $54,450
- Low (80%)
- $79,900
- Extremely Low (30%)
- $35,300
- Very Low (50%)
- $58,850
- Low (80%)
- $86,300
- Extremely Low (30%)
- $37,900
- Very Low (50%)
- $63,200
- Low (80%)
- $92,700
- Extremely Low (30%)
- $40,500
- Very Low (50%)
- $67,550
- Low (80%)
- $99,100
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $71,900
- Low (80%)
- $105,500
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $22,900 | $38,150 | $55,950 |
| 2 Persons | $26,150 | $43,600 | $63,950 |
| 3 Persons | $29,400 | $49,050 | $71,950 |
| 4 Persons | $32,650 | $54,450 | $79,900 |
| 5 Persons | $35,300 | $58,850 | $86,300 |
| 6 Persons | $37,900 | $63,200 | $92,700 |
| 7 Persons | $40,500 | $67,550 | $99,100 |
| 8 Persons | $44,660 | $71,900 | $105,500 |
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Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Red Bank, NJ?+
The Fair Market Rent (FMR) for Monmouth County, NJ is: $1385 (Studio), $1546 (1BR), $1916 (2BR), $2604 (3BR), $2904 (4BR). Actual rent at subsidized properties like River Street Commons is typically 30% of household income or less.
What size apartments are available at River Street Commons?+
River Street Commons offers the following unit types: 8 Studio, 53 One-Bedroom units, for a total of 62 units.
Who manages River Street Commons?+
River Street Commons is managed by . You can reach them at . Visit their website for more information.
How do I apply for housing at River Street Commons?+
River Street Commons is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, 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 Monmouth County, NJ?+
For a 4-person household in Monmouth County, NJ, the income limits are: Extremely Low Income (30% AMI): $32,650, Very Low Income (50% AMI): $54,450, Low Income (80% AMI): $79,900. These limits are set by HUD and updated annually.
What is the price range for apartments in Red Bank, NJ?+
Based on Fair Market Rent for Monmouth County, the estimated price range is: 1-bedroom: $1546. Actual rent at River Street Commons may be lower for income-eligible households.
Is there a waitlist for River Street Commons?+
Public Housing waitlist is currently Closed. 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.
Contact Information
Walk Score
Very Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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