New Jersey · FIPS 34025 · HUD FY 2027
Monmouth County, New Jersey Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Monmouth County is $2,283 a month (rent plus utilities), 1% above the New Jersey average of $2,268 and 30% above the U.S. average of $1,761. That is down $45 (1.9%) from FY 2026. At 30% of income, a household needs about $91,320 a year to afford it.
- $2,2832-bedroom FMR−$45 (−1.9%) vs FY 2026
- $1,8471-bedroom FMRNew Jersey: $1,891 · U.S.: $1,478
- $91,320Income for a 2-bedroom$44/hour full-time
- 5 of 212BR rank in New Jersey1 = highest rent
| Unit | Monmouth County FY 2027 | FY 2026 | Change | New Jersey avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,671 | $1,676 | −$5 (−0.3%) | $1,725 | $1,379 | $66,840 |
| 1 bedroom | $1,847 | $1,889 | −$42 (−2.2%) | $1,891 | $1,478 | $73,880 |
| 2 bedrooms | $2,283 | $2,328 | −$45 (−1.9%) | $2,268 | $1,761 | $91,320 |
| 3 bedrooms | $2,927 | $3,043 | −$116 (−3.8%) | $2,793 | $2,266 | $117,080 |
| 4 bedrooms | $3,241 | $3,371 | −$130 (−3.9%) | $3,206 | $2,607 | $129,640 |
How Monmouth County compares
- HUD sets this rent for the Monmouth-Ocean, NJ metro FMR area, which covers 1,299,715 residents in 2 counties.
- Across New Jersey, 2-bedroom FMRs run from $1,704 (Cumberland County) to $2,792 (Hudson County).
- Studio to 4-bedroom: $1,671, $1,847, $2,283, $2,927, $3,241. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 49 ZIP codes mostly in Monmouth County (by land area), the 2-bedroom figure ranges from $1,200 to $3,420.
Small Area FMRs by ZIP code in Monmouth County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 07701 | $1,920 | $2,120 | $2,620 | $3,360 | $3,720 | −$40 (−1.5%) | 15% above |
| 07702 | $2,500 | $2,770 | $3,420 | $4,390 | $4,860 | −$70 (−2.0%) | 50% above |
| 07703 | $2,000 | $2,220 | $2,740 | $3,510 | $3,890 | −$50 (−1.8%) | 20% above |
| 07704 | $2,500 | $2,770 | $3,420 | $4,390 | $4,860 | +$730 (+27.1%) | 50% above |
| 07711 | $1,780 | $1,970 | $2,430 | $3,120 | $3,450 | +$80 (+3.4%) | 6% above |
| 07712 | $1,690 | $1,870 | $2,310 | $2,960 | $3,280 | −$40 (−1.7%) | 1% above |
| 07716 | $1,860 | $2,050 | $2,540 | $3,260 | $3,610 | +$110 (+4.5%) | 11% above |
| 07717 | $1,740 | $1,930 | $2,380 | $3,050 | $3,380 | +$120 (+5.3%) | 4% above |
| 07718 | $1,530 | $1,690 | $2,090 | $2,710 | $3,000 | −$210 (−9.1%) | 8% below |
| 07719 | $1,650 | $1,830 | $2,260 | $2,900 | $3,210 | −$70 (−3.0%) | 1% below |
| 07720 | $1,620 | $1,800 | $2,220 | $2,850 | $3,150 | −$70 (−3.1%) | 3% below |
| 07721 | $1,810 | $2,000 | $2,480 | $3,170 | $3,510 | −$90 (−3.5%) | 9% above |
| 07722 | $2,500 | $2,770 | $3,420 | $4,390 | $4,860 | −$70 (−2.0%) | 50% above |
| 07723 | $1,520 | $1,670 | $2,070 | $2,650 | $2,940 | +$210 (+11.3%) | 9% below |
| 07724 | $1,540 | $1,700 | $2,100 | $2,690 | $2,980 | −$30 (−1.4%) | 8% below |
| 07726 | $1,810 | $2,000 | $2,470 | $3,170 | $3,510 | no change | 8% above |
| 07727 | $1,600 | $1,760 | $2,180 | $2,800 | $3,090 | +$110 (+5.3%) | 5% below |
| 07728 | $1,780 | $1,970 | $2,430 | $3,120 | $3,450 | −$90 (−3.6%) | 6% above |
| 07730 | $1,880 | $2,070 | $2,560 | $3,270 | $3,620 | +$820 (+47.1%) | 12% above |
| 07731 | $2,350 | $2,600 | $3,210 | $4,120 | $4,560 | +$200 (+6.6%) | 41% above |
| 07732 | $1,800 | $1,990 | $2,460 | $3,150 | $3,490 | −$70 (−2.8%) | 8% above |
| 07733 | $2,500 | $2,770 | $3,420 | $4,390 | $4,860 | −$70 (−2.0%) | 50% above |
| 07734 | $1,560 | $1,720 | $2,130 | $2,730 | $3,020 | −$120 (−5.3%) | 7% below |
| 07735 | $1,580 | $1,730 | $2,150 | $2,720 | $3,020 | +$100 (+4.9%) | 6% below |
| 07737 | $1,410 | $1,550 | $1,920 | $2,460 | $2,730 | −$50 (−2.5%) | 16% below |
| 07738 | $880 | $970 | $1,200 | $1,540 | $1,700 | −$30 (−2.4%) | 47% below |
| 07739 | $2,210 | $2,450 | $3,030 | $3,880 | $4,300 | +$60 (+2.0%) | 33% above |
| 07740 | $1,760 | $1,950 | $2,410 | $3,090 | $3,420 | +$50 (+2.1%) | 6% above |
| 07746 | $2,500 | $2,770 | $3,420 | $4,390 | $4,860 | −$70 (−2.0%) | 50% above |
| 07748 | $1,540 | $1,710 | $2,110 | $2,710 | $3,000 | +$10 (+0.5%) | 8% below |
| 07750 | $2,050 | $2,260 | $2,800 | $3,590 | $3,980 | −$120 (−4.1%) | 23% above |
| 07751 | $2,440 | $2,690 | $3,330 | $4,270 | $4,730 | −$50 (−1.5%) | 46% above |
| 07753 | $1,740 | $1,930 | $2,380 | $3,050 | $3,380 | no change | 4% above |
| 07755 | $2,380 | $2,630 | $3,250 | $4,170 | $4,610 | +$50 (+1.6%) | 42% above |
| 07756 | $1,250 | $1,380 | $1,710 | $2,190 | $2,430 | −$20 (−1.2%) | 25% below |
| 07757 | $1,800 | $2,020 | $2,490 | $3,320 | $3,680 | −$270 (−9.8%) | 9% above |
| 07758 | $1,130 | $1,250 | $1,540 | $1,970 | $2,190 | −$120 (−7.2%) | 33% below |
| 07760 | $2,060 | $2,270 | $2,810 | $3,600 | $3,990 | +$80 (+2.9%) | 23% above |
| 07762 | $1,650 | $1,830 | $2,260 | $2,900 | $3,210 | −$60 (−2.6%) | 1% below |
| 07764 | $1,860 | $2,050 | $2,540 | $3,260 | $3,610 | −$190 (−7.0%) | 11% above |
| 08501 | $1,420 | $1,570 | $1,940 | $2,470 | $2,730 | −$60 (−3.0%) | 15% below |
| 08510 | $1,950 | $2,150 | $2,660 | $3,410 | $3,780 | −$110 (−4.0%) | 17% above |
| 08514 | $1,510 | $1,660 | $2,060 | $2,630 | $2,910 | no change | 10% below |
| 08535 | $2,180 | $2,410 | $2,980 | $3,820 | $4,230 | −$170 (−5.4%) | 31% above |
| 08555 | $2,490 | $2,750 | $3,400 | $4,360 | $4,830 | −$30 (−0.9%) | 49% above |
| 08720 | $1,730 | $1,910 | $2,370 | $3,040 | $3,360 | +$60 (+2.6%) | 4% above |
| 08730 | $2,470 | $2,730 | $3,380 | $4,330 | $4,800 | −$90 (−2.6%) | 48% above |
| 08736 | $1,720 | $1,900 | $2,350 | $3,010 | $3,340 | +$140 (+6.3%) | 3% above |
| 08750 | $1,890 | $2,090 | $2,580 | $3,310 | $3,660 | −$140 (−5.1%) | 13% above |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.