15 Cheap Apartments for rent in Cape Coral, FL

Last updated June 24 at 6:16pm UTC
309 SW 3rd PL
Hancock
Cape Coral, FL
Updated June 21 at 3:08am UTC
1 Bedroom
$825
906 SW 47th TER
Pelican
Cape Coral, FL
Updated June 12 at 12:13am UTC
1 Bedroom
$895
3326 SE 16th PL
Caloosahatchee
Cape Coral, FL
Updated June 11 at 7:25pm UTC
3 Bedrooms
$225
Results within 5 miles of Cape Coral, FL
7091 Sundiet BLVD
Pineland
Bokeelia, FL
Updated June 23 at 7:06pm UTC
2 Bedrooms
$900
8474 Charter Club CIR
Fort Myers
Fort Myers, FL
Updated June 21 at 11:42pm UTC
2 Bedrooms
$800
2366 E Mall DR
Winkler Safe Neighborhood
Fort Myers, FL
Updated June 21 at 11:42pm UTC
Studio
$800
2944 Jackson St
Villa Capri
Fort Myers, FL
Updated June 20 at 5:40pm UTC
2 Bedrooms
$850
205 4th St
Fort Myers
Fort Myers, FL
Updated June 19 at 5:40pm UTC
1 Bedroom
$695
3175 Royalston AVE
Edgewood
Fort Myers, FL
Updated May 30 at 8:01am UTC
1 Bedroom
$825
5959 Winkler RD
McGregor
Fort Myers, FL
Updated May 25 at 2:37pm UTC
2 Bedrooms
$895
3704 Broadway
Winkler Safe Neighborhood
Fort Myers, FL
Updated April 26 at 6:13pm UTC
2 Bedrooms
$875
Results within 10 miles of Cape Coral, FL
15125 Pine Meadows Dr
Fort Myers
Fort Myers, FL
Updated June 19 at 9:33am UTC
1 Bedroom
$800
15116 Pine Meadows Dr
Fort Myers
Fort Myers, FL
Updated June 15 at 1:37am UTC
Studio
$650
17487 Ellie DR
Fort Myers
Fort Myers, FL
Updated May 16 at 5:29am UTC
1 Bedroom
$800

June 2018 Cape Coral Rent Report

Welcome to the June 2018 Cape Coral Rent Report. Cape Coral rents declined over the past month. In this report, we'll evaluate trends in the Cape Coral rental market, including comparisons to cities throughout the state and nation.

View full Cape Coral Rent Report
Rent Report
Cape Coral

June 2018 Cape Coral Rent Report

Welcome to the June 2018 Cape Coral Rent Report. Cape Coral rents declined over the past month. 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 declined significantly over the past month

Cape Coral rents have declined 0.5% over the past month, but are up slightly by 1.0% in comparison to the same time last year. Currently, median rents in Cape Coral stand at $900 for a one-bedroom apartment and $1,120 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in March. Cape Coral's year-over-year rent growth lags the state average of 2.5%, as well as the national average of 1.5%.

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, all of them have seen prices rise. The state as a whole logged rent growth of 2.5% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Pembroke Pines is the most expensive of all Florida's major cities, with a median two-bedroom rent of $2,400; of the 10 largest Florida cities that we have data for, all have seen rents rise year-over-year, with Orlando experiencing the fastest growth (+6.7%).
  • Port St. Lucie, Tampa, and Hialeah have all experienced year-over-year growth above the state average (6.2%, 4.6%, and 4.4%, respectively).

Cape Coral rents more affordable than many large cities nationwide

As rents have increased marginally in Cape Coral, large cities nationwide have seen rents grow more quickly. Cape Coral is still more affordable than most large cities across the country.

  • Cape Coral's median two-bedroom rent of $1,120 is slightly below the national average of $1,170. Nationwide, rents have grown by 1.5% over the past year compared to the 1.0% rise in Cape Coral.
  • While Cape Coral's rents rose marginally over the past year, some cities nationwide saw decreases, including Seattle (-0.8%) and DC (-0.1%).
  • Renters will find more reasonable prices in Cape Coral than most large cities. For example, San Francisco has a median 2BR rent of $3,070, which is more than two-and-a-half times the price in Cape Coral.

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.