Cheap Homes for Rent in Cape May, NJ from $1,300 (9 Rentals)

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Search the lowest-cost Homes available for rent right now in Cape May.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Cape May, NJ Local Guide

Cheapest Available Cape May Apartments for Rent and Nearby

 

The cheapest available apartment rental in Cape May, NJ is a 1 Bed unit found at Dunbarton Estates Apartments priced from $776. Houston Acres in the Retreat at Millstone neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,300. Here is today’s list of the most affordable Cape May apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Dunbarton Estates Apartments1 Bed, 1 bath1BR,1BA$776
Houston AcresOne Bedroom Cottage w/One-Car Garage1BR,1BA$1,300
Riverview CondominiumsOne Bedroom1BR,1BA$1,395

Best Value Apartments for Rent in Cape May, NJ and Nearby

As of June 08, 2026 the best value apartment in the Cape May area is the $0.78 price per square foot 3 Bd Townhome Model at Fairway Village Rental Townhomes in the in the Coastal Club neighborhood starting from $2,025. The second greatest value Cape May apartment is the VO1 Model at Vincent Overlook starting at $2,695 with a $1.42 price per square foot in the Bay Front neighborhood. Here is today’s list of the best values for Cape May apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Fairway Village Rental Townhomes3 Bd Townhome3BR,2.5BA$0.78
Vincent OverlookVO13BR,2BA$1.42
Windward Grove - Townhome RentalsEnd Unit - Fenced3BR,2.5BA$1.55
Millville Manor2 Bedroom2BR,1.5BA$1.33
Riverside ApartmentsSandbar2BR,2BA$1.53
Lakeside Apartments2 Bed | 1.5 Bath2BR,1.5BA$1.50
The Oaks at GeorgetownCanby2BR,2BA$1.50
Watergate Townhomes2 Bed 2 Bath Townhome2BR,2BA$1.46
Mill ChaseTwo Bedroom2BR,1BA$1.56
Dunbarton Estates Apartments1 Bed, 1 bath1BR,1BA$1.05

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cape May

What type of rentals are currently available in Cape May?

There are currently 54 Apartments for Rent in Cape May, NJ with pricing that ranges from $776 to $8,752. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Cape May ranging from $1,300 to $100,000.

What is the current price range for Rental Homes in Cape May?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Cape May ranges from $1,300 to $100,000 with an average monthly rent of $24,015.

How much are larger Three and Four Bedroom Rentals in Cape May?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Cape May range from $1,500 to $8,752, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,800 to $4,500. Four Bedroom Single-Family rentals are also available starting from $2,500 and Four Bedroom Apartments start at $2,250.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.