No rentals found near Cape May, NJ

The average rent in Cape May, NJ is $1,483.

In Cape May, 37% of the residents are renting compared to 63% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 25% of Cape May's rentals, 54% are small-scale complexes with under 50 units, and 21% are single-family rentals.

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.

Rental apartments in Cape May come in a range of sizes and floorplans. Studio apartments represent 14% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 66% of the total apartments in the city, while 2-bedroom floorplans represent around 20% of all rentals in Cape May. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.