Townbank Manor
620 Town Bank Rd,
Cape May, NJ 08204
1-2 Beds | $2,000 - $2,300
Rental Market Trends in Cape May, NJ
Updated September 2026
The average rent in Cape May, NJ is $1,193/month.
Rent in Cape May is 28% lower than the national average rent of $1,665/month, making this one of the less expensive cities statewide.
$1,193/month
Average Rent
733 Sq Ft
Average Size
+0.6%
Change / Year
5
Available Apartments
Cape May rent varies by unit size and layout:
- Studio apartments in Cape May average per month.
- One-bedroom apartments in Cape May average $1,193 per month.
- Two-bedroom apartments in Cape May average $1,567 per month.
- Three-bedroom apartments in Cape May average or more per month.
Average Rent by Home Type
Bedrooms
Average Rent
Average Sq Ft
How much has average rent changed in Cape May, NJ?
In the past year, rent has increased by 0.6%, which averages out to $7 more per month.
Market Trends Over Time
September 2026
2025
2026
Rent Ranges in Cape May, NJ
September 2026
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
0%
Below $700/month
0%
$700 - $1,000/month
50%
$1,001 - $1,500/month
0%
$1,501 - $2,000/month
50%
Above $2,000/month
What salary do I need to live comfortably in Cape May, NJ?
Because the average rent in Cape May is $1,193, you’ll want to make about $3,976 per month or $47,712 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.
How does Cape May, NJ compare to other nearby cities and neighborhoods?
Use the tool below to compare Cape May, NJ to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.
Apartment Communities in Cape May We Think You'll Love
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Frequently Asked Questions
What is the average rent in Cape May?
The average rent in Cape May is $1,193 per month, which is 28.3% lower than the national average of $1,665.
Are rents going up or down in Cape May?
Rents in Cape May, NJ are increasing, with prices up 0.6% year-over-year and $7 more per month.
What rent range is most common in Cape May?
In Cape May, NJ, 50% of apartments fall between $1,001 - $1,500/month, though prices may vary depending on location and other factors.
Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in September 2026.
Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.
* Percentages may not total 100 due to rounding.