No rentals found near Cape May, NJ

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

In Cape May 35% of the housing is rented out compared to 65% of homes are owned, according to the most recent Census Bureau estimates. 37% of Cape May's apartments are found in large buildings of 50 units or more, 45% are located in smaller apartment complexes with less than 50 units, and 17% 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.

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.