Average Rent in Cape May County, NJ↑ Rents rising 3.6% YoY
HUD FY2027 · Official government data · Updated annually
Market Overview
Cape May County, NJ has rental prices ranging from $1,512/month to $2,441/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,521/month — 9% above the national average of $1,400/month.
How Cape May County Compares
With an average 2-bedroom rent of $1,857/month, Cape May County ranks #9 most expensive of the 11 cities tracked in New Jersey — pricier than 96% of all US cities in our data.
Rent Trends
2-bedroom rents in Cape May County, NJ have risen by $65/month (3.6%) over the past year, from $1,792 to $1,857. This modest growth is consistent with broader inflationary trends seen across US rental markets.
Neighborhoods
Home values — and by extension rent levels — vary significantly across Cape May County's neighborhoods. Among the highest-value areas are Whitesboro ($368,132 median home value), Burleigh ($444,555 median home value), Erma ($447,668 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.
Fair Market Rents
HUD FY2027Is Cape May County, NJ Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in NJlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Newark | $1,637 | $1,850 | $2,233 | $2,785 | — |
| Bergen | $1,772 | $1,987 | $2,282 | $2,771 | — |
| Monmouth | $1,671 | $1,847 | $2,283 | $2,927 | — |
| Middlesex | $1,953 | $2,103 | $2,623 | $3,125 | — |
| Jersey City | $2,462 | $2,514 | $2,792 | $3,392 | — |
| Warren County | $1,614 | $1,624 | $2,021 | $2,478 | — |
Rent or Buy in Cape May County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Cape May County data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Living in Cape May County
Cost of living, job market, crime rates, and moving cost estimates.
Moving Cost Estimator
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