Low Income Apartments and Affordable Housing For Rent in Cape May County, NJ

Discover affordable housing in Cape May County where there are 14+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Victorian Towers

608 Washington St, Cape May, New Jersey 08204

Haven House at St. John of God

676 Town Bank Rd, North Cape May, New Jersey 08204

Woodbine Manor Apartments

201 Webster St , Woodbine, New Jersey 08270

Cape Housing I

46 Heron Way, Cape May, New Jersey 08204

St John of God Senior Housing

680 Town Bank Rd, North Cape May, New Jersey 08204

Wesley by the Bay

2419 Bay Ave, Ocean City, New Jersey 08226

Lions Center

3311 New Jersey Ave, Wildwood, New Jersey 08260

Conifer Village at Cape May

3805 Bayshore Rd, Cape May, New Jersey 08204

Bay View Manor

635 West Ave, Ocean City, New Jersey 08226

Marina Bay Towers 506

608 New York Ave, North Wildwood, New Jersey 8260

Yorkshire Place

664 Town Bank Rd, Cape May, New Jersey 08204

Lafayette and Osborne and Broad St Court

19 Lafayette Ct, Cape May, New Jersey 08204

Sandman Tws

3700 New Jersey Ave, Wildwood, New Jersey 08260

Disabilities Resource

Airport Rd, Woodbine, New Jersey 8270

The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Cape May County, New Jersey
$29.72/hour
$15.99 (+116%) more than New Jersey minimum wage and $22.47 (+310%) more than the Federal minimum wage.
Learn More About Cape May County, New Jersey Affordable Housing ↓

What HUD offices serve Cape May County, New Jersey?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV) programs for Cape May County, New Jersey.

Go to the New Jersey Public Housing and Low-Income Apartments Waiting Lists page for openings near Cape May County.

How many renters live in Cape May County, New Jersey?

The County of Cape May County has 95,634 people living in 48,563 households.

There are 18,035 renters living in 11,517 renter households in this County. Renters make up 18.86 percent of the population living in Cape May County.

What is the rental market like in Cape May County, New Jersey?

There are an estimated 99,408 housing units in the Cape May County area. Of these, 14,360 units are rental homes, making up 14 percent of the housing market. For every renter household in Cape May County, New Jersey, there are 1 rental units.

What is the vacancy rate for rentals in Cape May County?

The rental vacancy rate in Cape May County is 19 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.

How many rental units are in Cape May County for each bedroom size?

Occupied Rental Units by Size in Cape May County
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
409 1,742 3,737 2,758 538
Occupied Rental Units by Size in Cape May County

A large number of apartments in Cape May County have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How many renter households in Cape May County are overburdened by housing costs?

Among renter households in this market, 44 percent have housing cost burden. Further, 26 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.

The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.

How Much Is Rent in Cape May County

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,107 to $2,090. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,107
One BR $1,194
Two BR $1,569
Three BR $1,973
Four BR $2,090
2024 Fair Market Rents in Cape May County, New Jersey

How many units are rented at Fair Market Rent (FMR) in Cape May County?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 316 77 percent
One BR 1,278 73 percent
Two BR 2,193 59 percent
Rental Units Below FMR in Cape May County, New Jersey

How many affordable rental units are in Cape May County?

There are a variety of federal affordable housing programs serving households in Cape May County, New Jersey including the following:

Federal Program Unit Count
Low Income Housing Tax Credit 453
Public Housing 293
Section 8 Project-Based Rental Assistance 405
Section 202 Supportive Housing for the Elderly 75
Section 811 Supportive Housing for Persons with Disabilities 23
Tracked Units by Federal Program in Cape May County, New Jersey

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Cape May County, New Jersey

Cape May County features 799 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Cape May County, New Jersey

There are 231 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Cape May County.

Housing Choice Vouchers in Cape May County, New Jersey

On average, Section 8 Housing Choice vouchers pay Cape May County landlords $900 per month towards rent. The average voucher holder contributes $400 towards rent in Cape May County.

The maximum amount a voucher would pay on behalf of a low-income tenant in Cape May County, New Jersey for a two-bedroom apartment is between $1,412 and $1,726.

Sourced from federal housing data and AffordableHousingOnline.com research.