At $1,858/mo, rent takes about 18% of the local median household income, comfortably within the 30% benchmark.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,858 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.
Source: HUD Small Area Fair Market Rents. Read the methodology →
12-month history
Last updated: October 17, 2026
What the numbers show
Rent in Margate City changed +21.4% over the year to September 2026. Across the 121 New Jersey cities Zillow tracks, the typical change was +3.1%.
Rent has risen 7 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($121,800) is $3,045 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,010).
Millville, 28 miles away, rents for 13% less ($1,615/mo), about $2,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Margate City. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.
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Who lives here
Margate City, NJ is majority owner-occupied, has a large retiree population, has a median income above the national average, 57.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Margate City, NJ has changed in 5 years
Median household income rose from $106,053 to $121,800 between 2021 and 2024, a 14.8% shift. The population has contracted by 3.1% since 2021, moving from about 5,402 residents to roughly 5,234. Renters now make up 10% of households, compared with 13.7% five years ago.
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Can you afford rent in Margate City on your salary?
At $1,858/mo, how Margate City rent compares to typical pay (30% rule).
Margate City rent by bedroom count
Median rent for each apartment size in Margate City. Click any size for full breakdown.
Tips for renters in Margate City
Last updated: October 17, 2026
The median rent in Margate City is $1,858/mo as of October 2026. A studio apartment averages $1,410/mo while a 2-bedroom runs $1,950/mo. One-bedroom apartments average $1,600/mo and 3-bedroom units go for $2,730/mo.
At 18% of local median household income ($121,800/yr), Margate City ranks as affordable compared to the national benchmark of 30%. Rents have increased 21.4% over the past year.
Frequently asked questions
How much income do you need to rent in Margate City?
Is rent going up or down in Margate City?
How does Margate City rent compare to other cities in New Jersey?
Which nearby cities are cheaper to rent in than Margate City?
At $1,858/mo, rent takes ~18% of Margate City's median household income ($121,800/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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