It happened at the Ablett Village Housing Complex on East State Street just after 11:30 p.m.
Police say one of the men was shot in the chest. He was rushed to Cooper Trauma Center where he was pronounced dead a short time later.
The other man was taken to the hospital with a gunshot wound to the leg. He is listed in stable condition.
There is no word on what sparked the shooting. So far no arrest have been made.
Anyone with information is asked to contact Camden County Police.