51 Cheap Apartments for rent in Cape Coral, FL

Last updated September 22 at 9:58PM
2504 SE 16th PL
Caloosahatchee
Cape Coral, FL
Updated August 28 at 10:40AM
2 Bedrooms
$895
1716 SE 20th LN
Hancock
Cape Coral, FL
Updated August 31 at 3:38AM
1 Bedroom
$900
4904 Vincennes CT
Caloosahatchee
Cape Coral, FL
Updated September 3 at 5:58PM
2 Bedrooms
$895
1322 SE 46th Ln
Caloosahatchee
Cape Coral, FL
Updated September 22 at 1:39AM
Studio
$700
4971 Viceroy ST
Caloosahatchee
Cape Coral, FL
Updated September 2 at 10:00AM
1 Bedroom
$750
521 Hancock Bridge PKY
Hancock
Cape Coral, FL
Updated September 6 at 3:07AM
2 Bedrooms
$895
Results within 1 miles of Cape Coral, FL
3407 Winkler AVE
Fort Myers
Fort Myers, FL
Updated August 31 at 3:39AM
1 Bedroom
$850
1349 Bradford Rd, Unit A
Fort Myers
Fort Myers, FL
Updated September 1 at 9:49AM
1 Bedroom
$800
Results within 5 miles of Cape Coral, FL
12540 Equestrian Cir
Fort Myers
Fort Myers, FL
Updated September 21 at 5:43PM
1 Bedroom
$900
73 Cabana AVE
Hancock
Fort Myers, FL
Updated September 21 at 7:28PM
1 Bedroom
$550
3430 SW 7th PL
Pelican
Cape Coral, FL
Updated August 26 at 4:24AM
1 Bedroom
$875
1920 W Lakeview BLVD
Hancock
Fort Myers, FL
Updated August 16 at 3:37AM
1 Bedroom
$795
4151 Pine Drop LN
Diplomat
Fort Myers, FL
Updated September 21 at 1:29PM
3 Bedrooms
$850
5515 Avenue E
Pine Island Center
Bokeelia, FL
Updated August 31 at 3:35AM
2 Bedrooms
$900
3704 Broadway
Winkler Safe Neighborhood
Fort Myers, FL
Updated September 21 at 2:47PM
2 Bedrooms
$800
1920 Suwanee AVE
Palm Lee Park
Fort Myers, FL
Updated September 6 at 3:04AM
2 Bedrooms
$850
SE 16th Pl
Caloosahatchee
Cape Coral, FL
Updated September 21 at 7:33AM
1 Bedroom
$875
Summerlin Rd
Suntree
Fort Myers, FL
Updated September 22 at 7:28AM
1 Bedroom
$825
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Rent Report
Cape Coral

September 2017 Cape Coral Rent Report

Welcome to the September 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 increase sharply over the past month

Cape Coral rents have increased 0.8% over the past month, and are up moderately by 3.8% in comparison to the same time last year. Currently, median rents in Cape Coral stand at $920 for a one-bedroom apartment and $1,140 for a two-bedroom. This is the fifth straight month that the city has seen rent increases after a decline in March. Cape Coral's year-over-year rent growth leads the state average of 3.6%, as well as the national average of 3.0%.

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. The state as a whole logged rent growth of 3.6% 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 $2,390; 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 (-0.4%).
  • Orlando, Tampa, and St. Petersburg have all experienced year-over-year growth above the state average (6.4%, 5.6%, and 4.6%, respectively).

Cape Coral rents more affordable than many large cities nationwide

As rents have increased in Cape Coral, a few large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Cape Coral is still more affordable than most large cities across the country.

  • Cape Coral's median two-bedroom rent of $1,140 is slightly below the national average of $1,160. Nationwide, rents have grown by 3.0% over the past year compared to the 3.8% rise in Cape Coral.
  • While Cape Coral's rents rose over the past year, the city of DC saw a decrease of 0.5%.
  • 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.