The AMI is calculated and published each year by HUD. Homeowners in Merchantville have a median income of $105,781. The maximum amount a voucher would pay on behalf of a low-income tenant in Merchantville, New Jersey for a two-bedroom apartment is between $1,134 and $1,386. Let Apartment Finder guide you in the process of finding your new home and getting a great deal! Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities. Subject to change without notice. There are 34 low cost senior living communities in Merchantville, NJ. Wear a mask. Generally, households earning up to the income limit in the table below for their household size are eligible for units participating in the Low-Income Housing Tax Credit program in Merchantville but actual income limits may differ for units at Chestnut Station Apartments. All measurements are approximate. They can let you know about area public housing, subsidized housing, section 8 rentals, etc. Low Income Housing and Subsidized Apartments in Pennsauken, NJ Below is the listing of 3 affordable apartments and low-income housing in Pennsauken, NJ. © 2002-2021 ApartmentSmart.com, Inc. Most affordable housing programs determine eligibility based on the percent of AMI a given household's income is. This unique but highly useful property is a rare find. Information deemed reliable but not guaranteed. Chestnut Station provides an Independent Living, 55+ Lifestyles for seniors in Merchantville, NJ. Apartment communities change their rental rates all the time – sometimes multiple times a day. Merchantville is a city in Camden County, New Jersey with a population of 3,793. If we located any, we list them below along with the distance from Merchantville, NJ. Low Income Apartments in Merchantville on superpages.com. See floorplans, pictures, prices & info for available Low Income apartments in Merchantville, NJ. View Profile work (844) 664-6345 Check Availability . NJ.com strives to make it easier for you. You can also go through qualifications, sliding fee scale tables etc, with personnel. Verified Source Payment (High to Low) Payment (Low to High) Newest Bedrooms Bathrooms Square Feet Lot Size (undisclosed Address), Merchantville, NJ 08109 $1,250/mo and their rankings also included. This housing assistance can come in the form of Section 8 Housing Choice Vouchers, project-based Section 8 contracts, public housing, USDA Rental Assistance (in Section 515 properties) as well as HUD Section 202 and 811 properties for elderly and disabled households. Stay up to date on vaccine information. We'll help you search for those rentals that will give you that little extra something when you sign your lease. Find affordable housing and low income apartments in Merchantville, NJ, easy and free application, apply instantly on RentalHousingDeals.com Each household's income is compared to the incomes of all other households in the area. However, for a quick overview, explore the above community details like amenities and room features to … The average voucher holder contributes $400 towards rent in Merchantville. Merchantville is convenient to the entire region, and residents choosing Merchantville apartments have easy access to the Cherry Hill Mall, Rutgers University-Camden, Adventure Aquarium, and downtown Philadelphia’s historic sites, museums, restaurants, shops, and businesses. In Merchantville, a household making less than $3,450 a month would be considered overburdened when renting an apartment at or above the median rent. See reviews, photos, directions, phone numbers and more for the best Housing Consultants & Referral Service in Merchantville, NJ. Drexel University University City Main Campus Apartments, Drexel University Center City Hahnemann Campus Apartments, Community College of Philadelphia Apartments, Rutgers, The State University of New Jersey Camden Campus Apartments, Naval Inventory Control Point Philadelphia Apartments, Defense Personnel Support Center Apartments, Philadelphia Naval Busi Center Apartments, Willow Grove Naval Air Station Apartments, Willow Grove Air Force Reserve Station Apartments. We provide a cost calculator, pricing tools, and more so you’ll know exactly what it will cost to live in the city you love. Rent an apartment in Merchantville now and soon you’ll enjoy having it all – a terrific community with a small-town feel and the nearby nightlife, business, shopping, and culture of Philadelphia. Low Cost Senior Housing in Merchantville, New Jersey. You have two residential apartments plus a commercial store front/storage space. Finding a new rental that is also in your budget can be a time-consuming process and we know that finding the perfect location can be difficult. Official Low Income Merchantville Apartments for rent under $2000 . To stay on the safe side, a consumer should not spend more than 28% of his or her gross income on housing-related expenses and costs and not more than 36% of income on all expenses and debts. Based on average rent prices in Merchantville, NJ, for a 1-bedroom apartment you would need a yearly salary of $36,000 to live comfortably. We invite you to contact Chestnut Station for specific questions. Merchantville features 0 low income apartments with rental assistance where households typically pay no more than 30% of their income towards rent. There are 2 low income housing apartment communities offering 148 affordable apartments for rent in Merchantville, New Jersey. In Merchantville, HUD calculates the Area Median Income for a family of four as $96,600. An extensive list of coronavirus resources for low-income households can be found here. Merchantville, NJ Apartments for Rent Welcome home to 42 West Apartments, a charming apartment community located in historic Merchantville, NJ. The ratio of the house price to the median household income is one method used to figure out home affordability. Merchantville Low-Income Housing Tax Credit Income Limits. Among the programs that determine eligibility based on the AMI are Section 8, HOME, LIHTC, Section 515, 202 and 811. Get Housing Authorities business addresses, phone numbers, driving directions, maps, reviews and more. Note: Based on community-supplied data and independent market research. The Federal Low Income Housing Tax Credit Program enjoys the reputation of being the most successful federal housing program in history. On average, Section 8 Housing Choice vouchers pay Merchantville landlords $900 per month towards rent. We have options to filter by price, bedroom count, bathroom count, long-term or short-term, housing type, pet friendly, no broker fee, and you can search for an apartment by custom keywords. See all available apartments for rent at Mapleview Apartments in Merchantville, NJ. Choose from 464 apartments for rent in Merchantville, New Jersey by comparing verified ratings, reviews, photos, videos, and floor plans. Each of these spacious floor plans offers ample closet space, wall-to-wall carpeting and views of the beautifully landscaped community. Your first step should always be your local housing authority. 89 Senior Housing and Senior Living in Merchantville, NJ. Residents shop at the Merchantville Farmer’s Market, participate in the Annual Boro Yard Sale, have fun at the Merchantville Music Fest and the Camden County Fair, gather at parks and playgrounds, and enjoy the beautiful Merchantville Bike Trail. Merchantville, NJ Income Restricted Apartments for Rent. ... 55+ Community • Apartments • Low Income . Let Apartments.com help you find the perfect rental near you. There is one low income housing complex in Merchantville, New Jersey.. Due to the small amount of listings, we searched a 30 mile radius from Merchantville, NJ. NJHRC, New Jersey Housing Resource Center, HRC, NJHRC.gov, find housing, affordable, housing search, free housing search tool, new jersey. There are 2 low income housing apartment communities offering 148 affordable apartments for rent in Merchantville, New Jersey. Maybe it's a free TV or discounted rent. Sourced from federal housing data and AffordableHousingOnline.com research. We call a unit "Best Value" if it is in a high-quality building (three star or above) that has units that are priced significantly less than similar apartments in the same area. Fair Market Rents are used by HUD to establish payment and rent standards for federal rental assistance programs like the Section 8 Housing Choice Voucher Program. COVID-19 is still active. Explore Senior Housing options in Merchantville, and nearby cities. Social distance. When searching for real estate in Merchantville, NJ, home affordability is a critical aspect. How to find and apply for Low Income Housing. Click to view any of these 5 available rental units in Merchantville to see photos, reviews, floor plans and verified information about schools, neighborhoods, unit availability and more. 1 Senior Living communities in Merchantville, NJ | 20 nearby communities . Housing Provided: All Ages • Apartments • Low Income North Brunswick Crescent offers newly renovated 1- and 2-bedroom apartment homes that are conveniently located in North Brunswick, NJ. Use the advanced filters to search specific care types such as 55+ Living, Independent Living, Alzheimer’s Care, Assisted Living, Continuing Care, Low-Income Affordable, Respite Care and/ or Home Care. Merchantville has $223,000 median house value in 2010-2014, ranked #404 in New Jersey, grew 82.49% since 2000. In Merchantville, NJ, the median house price is $221,900, while the median income … 40.38% of households in Merchantville are renters. Use our affordability calculator to search for Merchantville, NJ and learn more. Recently sold: $205,000. Official Low Income Merchantville Apartments for rent . Discover apartments for rent in Merchantville, NJ. Located in Collingswood, New Jersey, Pewter Village offers one and two bedroom apartments for rent for adults age 55 and over. Fair Market Rents can be used to better understand the average housing costs of an area. View Affordable Housing Online's Resource for Coronavirus (COVID-19), Merchantville Senior Aka Chestnut Station Apartments, State of New Jersey Department of Community Affairs. Ideally-located Merchantville is northeast of Camden and northwest of Cherry Hill, directly across the Delaware River from Philadelphia. Merchantville is a terrific choice for your new apartment. Apartment Finder utilizes the industry's largest and most complete database of real-time rents and availabilities to help you find an amazing deal on your next rental. Anyone spending more than 30% of their income on housing is considered house burdened because it … 45.27% of households who rent are overburdened in Merchantville. Related Topics: Medicaid and When it … Affordable Housing Online is monitoring the federal government's response to the coronavirus disease (COVID-19) outbreak.Â. Other Merchantville real estate info such as rent price, year of built, mortgage status, etc. A great location - close to restaurants, shopping, and major highways. Mapleview Apartments has rental units starting at $1095. Life in Merchantville resembles that of a small, close-knit community. We provide a cost calculator, pricing tools, and more so you’ll know exactly what it will cost to live in the city you love. The median gross income for households in Merchantville is $69,833 a year, or $5,819 a month. Rental assistance is a type of housing subsidy that pays for a portion of a renter’s monthly housing costs, including rent and tenant paid utilities. Apartment Finder’s pricing tools and cost calculator will help you discover the best value for your budget.