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City Report · NJ

Margate City

Pop. 5,234·37th most expensive in New Jersey·Margate City rents have dropped 87.8%, currently a renter's market
Median rent (all units)
$3,051/mo
Year-over-Year
-87.8%
Month-over-Month
-55.5%
vs US Median
+$1,089
Falling (Monthly)
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Most AffordableMost Expensive
Margate City · $3,051
More expensive than 91% of US cities · National median $1,962/mo
Affordability
30% of income
MODERATE
0%30% benchmark60%+

At $3,051/mo, rent takes about 30% of the local median household income, slightly above the 30% benchmark.

Income to afford
$122,000/yr
Local median income
$121,800/yr
Based on the 30%-of-income rule using Margate City's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,410
1 BR
$1,600
2 BR
$1,950
3 BR
$2,730
4 BR+
$3,010
Fair Market Rent (HUD)
$1,950/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $3,051 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 →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$36,612/yr
At $3,051/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 87.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-87.8% YoY, -55.5% MoM), not inventory.
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Demographics

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.

Population
5,234
Median income
$121,800
Median age
57.5
Renters
10%
Age distribution
13.8%
20.4%
18.5%
35.5%
Under 1813.8%
18–3411.8%
35–5420.4%
55–6418.5%
65+35.5%
Gender
44.3%
55.7%
Male44.3%
Female55.7%
Race & ethnicity
92.5%
White92.5%
Hispanic4.3%
Asian1.3%
Other1.5%
Education (25+)
16.1%
22.1%
57.7%
No HS diploma4.1%
HS diploma16.1%
Some college22.1%
Bachelor's+57.7%
Housing tenure
90%
Owner90%
Renter10%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Margate City, NJ has changed in 5 years

Income
$106,053 → $121,800
up 14.8%
Population
5,402 → 5,234
down 3.1%
Renter share
13.7% → 10%
-3.7 pts
Bachelor's+
56.1% → 57.7%
+1.6 pts
Median age
58.1 → 57.5
-0.6 yrs

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.

Community

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View Margate City rent history (2015–2026) →
Salary vs rent

Can you afford rent in Margate City on your salary?

At $3,051/mo, how Margate City rent compares to typical pay (30% rule).

By apartment size

Margate City rent by bedroom count

Median rent for each apartment size in Margate City. Click any size for full breakdown.

Local insights

Tips for renters in Margate City

About renting in Margate City, NJ

Last updated: August 17, 2026

The median rent in Margate City is $3,051/mo as of August 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 30% of local median household income ($121,800/yr), Margate City ranks as moderate compared to the national benchmark of 30%. Rents have decreased 87.8% over the past year.

FAQ

Frequently asked questions

Is Margate City an affordable city for renters?

Margate City is considered moderate for renters. At $3,051/mo, rent takes approximately 30% of the local median household income ($121,800/yr). The standard benchmark is 30%. Margate City slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Margate City?

To keep rent at or below 30% of gross income, you would need to earn at least $122,000/year (~$59/hour full-time) to afford the median rent of $3,051/mo in Margate City. The local median household income is $121,800/yr, meaning the typical Margate City household falls short of that threshold.

Is rent going up or down in Margate City?

Rent in Margate City has decreased 87.8% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Margate City rent compare to other cities in New Jersey?

Margate City is one of the pricier cities in New Jersey for rent, ranking #37 out of 183 tracked cities at $3,051/mo.

Which nearby cities are cheaper to rent in than Margate City?

Several nearby cities have lower median rents than Margate City ($3,051/mo): Atlantic City ($1,789/mo), Pleasantville ($1,968/mo), Egg Harbor Township ($2,263/mo).

What percentage of Margate City residents rent vs. own?

According to Census data, approximately 10% of Margate City households are renters, while 90% are owner-occupied. Margate City leans toward homeownership, which can mean a smaller rental inventory.

How does Margate City rent compare to the national average?

Margate City's median rent of $3,051/mo is $1,089 (56%) above the US national median of $1,962/mo. Within New Jersey, it ranks #37 out of 183 tracked cities.
Income Affordability
30%
MODERATE

At $3,051/mo, rent takes ~30% of Margate City's median household income ($121,800/yr). The standard benchmark is 30%.

Margate City 30%Benchmark 30%
State income tax1.4–10.75%
Run the Margate City affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Margate City, NJ

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