FMR Lookup › New Jersey › Monmouth-Ocean
Section 8 Fair Market Rent in Monmouth-Ocean, NJ (FY2027)
HUD's official FY2027 Fair Market Rents for the Monmouth-Ocean, NJ HUD Metro FMR Area, by bedroom count. These figures set the baseline for what the Housing Choice Voucher program pays landlords in this area.
| Unit size | FY2027 FMR | Payment standard range (90–110%) |
|---|---|---|
| Studio / efficiency | $1,671 | $1,504 – $1,838 |
| 1 bedroom | $1,847 | $1,662 – $2,032 |
| 2 bedrooms | $2,283 | $2,055 – $2,511 |
| 3 bedrooms | $2,927 | $2,634 – $3,220 |
| 4 bedrooms | $3,241 | $2,917 – $3,565 |
Source: HUD User — FY 2027 Fair Market Rents. FY2027 FMRs are effective October 1, 2026. FY2027 FMRs take effect October 1, 2026; until that date, the prior FY2026 schedule remains in effect. Retrieved 2026-09-07.
How this market compares
The 2-bedroom FMR here is $2,283 — 2% above the New Jersey median of $2,233 across all 11 FMR areas in the state.
Counties and towns covered
The Monmouth-Ocean, NJ FMR area is a metro area covering: Monmouth County, Ocean County. One FMR applies across the whole area — HUD does not publish separate figures per city or ZIP here (some large metros have Small Area FMRs by ZIP; check with the local housing authority).
What a landlord actually collects
FMR is the baseline, not the contract rent. The local housing authority sets a payment standard between 90% and 110% of FMR (the range in the table above), and your unit must pass a rent-reasonableness comparison against similar unassisted rentals nearby. The voucher then covers the gap between the tenant's share (roughly 30% of their income) and the approved rent.
Run the numbers for a deal in Monmouth-Ocean: Section 8 vs market rent, DSCR, or cash-on-cash return.
Comparable New Jersey markets by 2BR FMR
| FMR area | 1 BR | 2 BR | 3 BR |
|---|---|---|---|
| Bergen-Passaic | $1,987 | $2,282 | $2,771 |
| Trenton-Princeton | $1,764 | $2,242 | $2,741 |
| Newark | $1,850 | $2,233 | $2,785 |
| Warren County | $1,624 | $2,021 | $2,478 |
| Middlesex-Somerset-Hunterdon | $2,103 | $2,623 | $3,125 |
| Atlantic City-Hammonton | $1,567 | $1,899 | $2,578 |
Informational only — not financial, legal, or lending advice. Confirm current payment standards with the housing authority serving Monmouth-Ocean.