Cape Coral, FL: 513 apartments available for rent

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Last updated June 28 at 10:19AM
1781 Four Mile Cove PKY
Hancock
Cape Coral, FL
Updated April 18 at 11:21PM
3 Bedrooms
$2,300
2668 Blue Cypress Lake CT
Diplomat
Cape Coral, FL
Updated June 23 at 4:17AM
4 Bedrooms
$1,645
5250 Tower DR
Caloosahatchee
Cape Coral, FL
Updated June 22 at 2:05PM
3 Bedrooms
$3,400
1789 Four Mile Cove PKY
Hancock
Cape Coral, FL
Updated April 18 at 11:21PM
2 Bedrooms
$2,000
204 NW 4th AVE
Mariner
Cape Coral, FL
Updated April 18 at 11:22PM
3 Bedrooms
$2,600
1425 SE 30th TER
Caloosahatchee
Cape Coral, FL
Updated June 24 at 3:29AM
3 Bedrooms
$1,400
5031 Skyline BLVD
Pelican
Cape Coral, FL
Updated April 18 at 11:21PM
2 Bedrooms
$2,800
166 SW 53rd TER
Pelican
Cape Coral, FL
Updated April 18 at 11:21PM
3 Bedrooms
$4,368
3912 NE 16th Pl
Jacaranda
Cape Coral, FL
Updated June 20 at 9:16AM
4 Bedrooms
$1,250
715 SW 13th TER
Hancock
Cape Coral, FL
Updated June 27 at 3:42AM
3 Bedrooms
$1,600
2825 SW 51st ST
Pelican
Cape Coral, FL
Updated June 28 at 10:19AM
4 Bedrooms
$2,700
4512 SW 5th PL
Pelican
Cape Coral, FL
Updated June 23 at 7:28PM
3 Bedrooms
$2,500
2109 SE 16th ST
Hancock
Cape Coral, FL
Updated April 18 at 11:22PM
3 Bedrooms
$3,800
2306 NE 8th PL
Diplomat
Cape Coral, FL
Updated June 24 at 3:28AM
2 Bedrooms
$1,200
4630 SW 23rd AVE
Pelican
Cape Coral, FL
Updated June 16 at 12:33AM
3 Bedrooms
$1,775
1140 SW 44th ST
Pelican
Cape Coral, FL
Updated April 19 at 7:50AM
3 Bedrooms
$2,641
2001 NE 19th TER
Diplomat
Cape Coral, FL
Updated June 16 at 11:02AM
4 Bedrooms
$1,695
5920 Tarpon Gardens CT
Pelican
Cape Coral, FL
Updated June 8 at 12:11PM
2 Bedrooms
$2,300
3901 SE 11th PL
Caloosahatchee
Cape Coral, FL
Updated June 20 at 3:06AM
3 Bedrooms
$1,200
2801 SE 19th PL
Caloosahatchee
Cape Coral, FL
Updated May 23 at 6:35AM
3 Bedrooms
$2,495
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City Guide
Cape Coral
Moving to Cape Coral

Whether you're looking for apartment complexes or rental homes in Cape Coral, you're sure to find something to suit your lifestyle. Its wide variety of apartment homes includes a large number of studio apartment units, one-bedroom apartments for rent and substantially larger units as well, so you'll have plenty to choose from. This is Florida, so don't expect bargain prices, and be prepared to pay first and last month's rent, plus a hefty security deposit of a couple hundred dollars. The good news, however, is that some landlords will be happy to bargain with you, and they may even waive that last month's down payment altogether.

Is there really a renter's season in Florida? The answer is yes -- and no. The snowbirds (these are second home owners who come south to escape the winter, hence the nickname) typically come down during the late fall and winter months and leave during the late spring; but most of them own their homes, so they don't really affect rentals all that much. Because of the fantastic climate, there's tourism all year in Florida, but lots of folks still make it a summer destination, so expect to see more people out and about during the summer months. Again, this shouldn't affect rental prices or availability too much, unless the property is advertised as a vacation rental as well.

Neighborhoods in Cape Coral

The main commercial drags in town are Del Prado Boulevard, Santa Barbara Boulevard, Cape Coral Parkway and Pine Island Road, so if you want to be close to stores and service providers, it's a good idea to look for rental properties near these areas. Otherwise, here are a few of the most popular residential areas:

Southwest Cape Coral: In the area between Cape Coral Parkway and Cape Harbor, you'll find a large number of apartment complexes, townhouses and condos, as well as rental homes. Plus, it's located near all the amenities, including Walmart Supercenter, Walmart Family Market, Publix Supermarket and Kohl's, so it's a great place to start looking.

Southeast: In the area around the Cape Coral Yacht Club, you'll find some beautifully appointed townhouses, condos and apartment rentals.

Gloriana Canal: Also known as Unit 64, this neighborhood has beautiful tropically-landscaped homes, many on waterfront lots.

Summerville Loop: This area features a number of beautiful homes for sale at a variety of prices.

Southeast: From 12th to 18th Avenues, you'll find a variety of house rentals throughout the year, many with beautiful large lawns. Plus, this area is just a few minutes away from Walmart Supercenter, Target, Publix and Dunkin' Donuts, so you can get a quick doughnut fix whenever you need it.

Living in Cape Coral

With 355 days of sunshine a year, what else can you say about the climate? Oh, wait -- there's also 145 days and 54 inches of precipitation a year; but don't forget, this is Florida, and most of those passing rain storms only last a few minutes and then evaporate into thin air, leaving you refreshed and ready for the next round of sun. During the summer months, temperatures can get into the mid-90s, so you'll be grateful for those bursts of rain; and with all that sunshine, who's complaining?

Cape Coral has a great public transportation system, LeeTran, which offers bus service throughout the city and into Fort Myers (less than 10 miles away). Nevertheless, this city covers a big area, so it helps to have your own wheels down here. Plus, it's hard to get out of the rain when you're waiting for a bus.

If you want to get an idea of what Cape Coral is really all about, your first stop should be The Four Mile Cove Ecological Preserve a stunning natural sanctuary featuring hiking trails through mangrove forests, native wildlife and untouched wetlands. You'll also find a lovely boardwalk that stretches alongside the picturesque Caloosahatchee River, where you can rent a kayak for the day.

Want to have a boatload of fun? Visit the Cape Coral Yacht Club. It offers great boat docks, a beach, tennis courts, a fishing pier and a superb restaurant. Plus, the fishing is really good in this area, and you'll catch your quota of snook, sea trout and redfish before sundown.

Speaking of fish, somewhere around Misto Bar and Grill the fish must be biting, because there's always a deliciously fresh seafood dish, as well as steaks, chops, roast duckling and a scarpariello that will keep you coming back again and again. If you're in the mood for casual comfort food, head on over to Ciao Wood Fired Pizza and Trattoria, where you can enjoy specialty pies with toppings such as fennel sausage, gorgonzola, San Marzano tomatoes and marinated eggplant.

To paraphrase Jimmy Buffett, it's always five o'clock somewhere in Florida when it comes to bars, and one locals' favorite is Bubba's Roadhouse & Saloon, a friendly, low-key place where you'll likely as not find peanut shells on the floor, as well as great drink specials, an awesome beer list, good pub grub and live entertainment.

If your idea of tee time means clubs and balls instead of china pots and cups, then you're going to love Cape Coral's many golf courses, including the one at Palmetto-Pine Country Club, a lush, landscaped golfer's paradise where you'll find a championship course designed by Arthur Hills. Another winner is Royal Tee Golf Club, where you'll find a semi-private 27-hole course that includes 50 acres of pristine lakes and natural wetlands.

For a great many reasons, Florida is perceived by more than a few folks as something of a paradise, and Cape Coral encapsulates all of those reasons. With its casual, low-key, friendly vibe, its thriving business community and its beautiful waterfront vistas, it has a lot to offer, especially if your idea of a good time includes sunny, white sand beaches and miles of oceanfront property.

Rent Report
Cape Coral

June 2017 Cape Coral Rent Report

Welcome to the June 2017 Cape Coral Rent Report. In this report, we'll evaluate trends in the Cape Coral rental market, including comparisons to cities throughout the state and nation.

Cape Coral rents increased marginally over the past month

Cape Coral rents have increased 0.1% over the past month, and are up slightly by 1.1% in comparison to the same time last year. Currently, median rents in Cape Coral stand at $890 for a one-bedroom apartment and $1,110 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in March. Cape Coral's year-over-year rent growth lags the state average of 2.7%, as well as the national average of 2.6%.

Rents rising across cities in Florida

Throughout the past year, rent increases have been occurring not just in the city of Cape Coral, but across the entire state. Of the largest 10 cities that we have data for in Florida, 9 of them have seen prices rise. Florida as a whole has logged a 2.7% year-over-year growth. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the rest of the state, Pembroke Pines is the most expensive of all Florida's major cities outside the Cape Coral metro, with a median two-bedroom rent of $2,390; of the 10 largest cities in the state that we have data for, Miami, where a two-bedroom goes for $1,350, is the only major city to see rents fall year-over-year (-1.3%).
  • Pembroke Pines, Port St. Lucie, and St. Petersburg have all experienced year-over-year growth above the state average (5.3%, 4.7%, and 4.2%, respectively).

Cape Coral rents more affordable than many other large cities nationwide

Rent growth in Cape Coral has been relatively stable over the past year - some other large cities have seen more substantial increases, while in a few cases, rents have actually declined. Cape Coral is still more affordable than most comparable cities across the country.

  • Cape Coral's median two-bedroom rent of $1,110 is below the national average of $1,150. Nationwide, rents have grown by 2.6% over the past year.
  • While rents in Cape Coral remained moderately stable this year, similar cities saw increases, including Seattle (+5.2%), Phoenix (+4.9%), Dallas (+3.2%); note that median 2BR rents in these cities go for $1,660, $1,020, and $1,090 respectively.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.