Rent in Cape May, NJ
A 2-bedroom in Cape May, NJ (ZIP 08204) typically rents for about $1,527 a month, with a range of $1,527–$1,857. Owner-occupied homes in Cape May County pay about 1.22% of their value a year in property tax, and the 30-year fixed mortgage rate averaged 7.32% in the week of Oct 22, 2026.
Rent by bedrooms
| Size | Typical | Range across ZIPs | ZIPs |
|---|---|---|---|
| Studio | $448 | $448–$1,512 | 1 |
| 1 bed | $858 | $858–$1,521 | 1 |
| 2 beds | $1,527 | $1,527–$1,857 | 1 |
| 3 beds | $2,431 | $2,431 | 1 |
| 4 beds | $1,917 | $1,917–$2,441 | 1 |
Typical = median of each ZIP's best guess. Gross rent (rent plus tenant-paid utilities). Sources: Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).
Cape May ZIP codes
2 bedsFrequently asked questions
- What is the average rent for a 2-bedroom in Cape May, NJ?
- About $1,527 a month: the median of the typical rents in 1 ZIP code, which range from $1,527–$1,857. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 1-bedroom in Cape May, NJ?
- About $858 a month: the median of the typical rents in 1 ZIP code, which range from $858–$1,521. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 3-bedroom in Cape May, NJ?
- About $2,431 a month: the median of the typical rents in 1 ZIP code, which range from $2,431. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a studio in Cape May, NJ?
- About $448 a month: the median of the typical rents in 1 ZIP code, which range from $448–$1,512. Figures are gross rent (rent plus tenant-paid utilities).
- What is the average rent for a 4-bedroom in Cape May, NJ?
- About $1,917 a month: the median of the typical rents in 1 ZIP code, which range from $1,917–$2,441. Figures are gross rent (rent plus tenant-paid utilities).
- What is the property tax rate in Cape May, NJ?
- Owner-occupied homes in Cape May County pay a typical 1.22% of their value a year (Census ACS, median taxes paid ÷ median home value, Dec 31, 2024). Investors often pay more after a purchase: the home is reassessed at the sale price and there is no homestead exemption.
- What is the current 30-year mortgage rate?
- The 30-year fixed rate averaged 7.32% in the week of Oct 22, 2026 (Freddie Mac PMMS via FRED). It's a national average for owner-occupied loans; investment property loans usually cost more.
- Where do these Cape May rent figures come from?
- Census ACS 5-year median gross rent (Dec 31, 2024) and HUD county Fair Market Rents (Oct 1, 2026).