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 age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Cape May are about 42 years old, on average. Of these, 26% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 4 stories. About 69% of the rental communities here are low-rise, garden-style communities, 31% are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.