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Cape May, NJ rent trends

Rental prices in Cape May, NJ have increased by 8.61% over the past year. The average rent moved from $1,523 to $1,654.

Check out the average rent prices in Cape May by neighborhood.

Compared to the national average rent of $1,740, the average rent in Cape May, NJ is $1,654.

Average rent in Cape May, NJ

$1,654/mo Cape May, NJ average rental price, February 2026
Image Average Rent

The average monthly rent of apartments in Cape May, NJ is $1,654.

    What's the typical rent budget in Cape May, NJ?

    About 16% of apartment rents in Cape May, NJ range between $2,001-$2,500. Around 52% of Cape May’s apartments are in the $1,501-$2,000 price range. 32% of apartments are priced between $1,001-$1,500.

    The largest share of rentals in Cape May, NJ (52%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.

    Getting around in Cape May, NJ

    9 /100
    Car-Dependent
    45 /100
    Somewhat Bikeable
    Walk Score®: 9, Bike Score®: 45

    Frequently asked questions

    What type of rental buildings are in Cape May, NJ?

    In Cape May, 35% of the residents are renting compared to 65% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 37% of Cape May's rentals, 45% are small-scale complexes with under 50 units, and 17% are single-family rentals.

    What do typical apartment communities look like in Cape May, NJ?

    The average age of rental buildings in Cape May is 43 years old, with 16% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 57% are garden-style apartment communities, 43% are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

    What apartment floorplans are common in Cape May, NJ?

    Studio apartments in Cape May are around 19% of rentals, while 1-bedroom floor plans represent 66% of the total stock. For those in search of larger rentals, 2-bedroom floorplans make up 15% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.

    Look for apartments near me

    Are you looking to land that one apartment near you that ticks all the boxes? Now you can browse through available RentCafe apartment listings in your area, rated and reviewed by verified residents. Comparing the size, price, amenities and location of apartments for rent near you is easier than ever. Do you feel like expanding the search beyond your neighborhood and ZIP code? Browse apartments for rent in your city and state to find the best fit, wherever you are in the U.S. Somewhere out there is the perfect apartment just waiting for you.

    Whether you're looking for a studio, an apartment with one or more bedrooms, or maybe you're upgrading to a luxury apartment or need to acommodate a pet, RentCafe allows you to easily search for a rental near you based on your criteria, anywhere in the U.S. So, let's find your new home today!