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Frequently asked questions
What is the average rent in Cape May, NJ?
The average rent in Cape May, NJ is $1,483.
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 42 years old, with 26% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 4 stories, of which 69% are garden-style apartment communities, 31% 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 14% 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 20% of all rentals. More generous apartments with 3 bedrooms or more are also available in this city for those in search of more space.