23 Cheap Apartments for rent in Cape Coral, FL

Last updated August 15 at 7:41pm UTC
2927 SE 15th PL
Caloosahatchee
Cape Coral, FL
Updated July 29 at 10:30pm UTC
1 Bedroom
$900
Windrush
13971 Windrush Court
Fort Myers, FL
Updated August 15 at 7:41pm UTC
Studio
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1 Bedroom
$770
2 Bedrooms
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Results within 1 miles of Cape Coral, FL
Heronwood Apartments
13809 Heronwood Lane
Cypress Lake, FL
Updated August 15 at 6:03pm UTC
Studio
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1 Bedroom
$830
2 Bedrooms
$1,030
Results within 5 miles of Cape Coral, FL
5331 Summerlin RD
Suntree
Fort Myers, FL
Updated August 15 at 6:33pm UTC
2 Bedrooms
$850
3175 Royalston AVE
Edgewood
Fort Myers, FL
Updated August 15 at 6:33pm UTC
1 Bedroom
$825
8140 Country RD
Fort Myers
Fort Myers, FL
Updated August 15 at 6:42am UTC
1 Bedroom
$825
3401 Winkler AVE
Fort Myers
Fort Myers, FL
Updated August 13 at 10:47pm UTC
1 Bedroom
$900
1935 Ricardo AVE
Fort Myers
Fort Myers, FL
Updated August 10 at 6:48pm UTC
2 Bedrooms
$795
132 Gaslight AVE
North Fort Myers
North Fort Myers, FL
Updated August 8 at 2:38am UTC
3 Bedrooms
$875
5327 Summerlin RD
Suntree
Fort Myers, FL
Updated August 7 at 2:46am UTC
1 Bedroom
$850
1598 Cypress DR
Fort Myers
Fort Myers, FL
Updated July 31 at 6:49pm UTC
2 Bedrooms
$875
12561 Equestrian Cir.
Fort Myers
Fort Myers, FL
Updated July 30 at 10:58pm UTC
1 Bedroom
$875
2905 Nelson ST
Sunset Park
Fort Myers, FL
Updated July 29 at 6:46pm UTC
2 Bedrooms
$850
3937 Broadway
Winkler Safe Neighborhood
Fort Myers, FL
Updated July 26 at 7:04am UTC
2 Bedrooms
$850
2450 Katherine ST
Fort Myers
Fort Myers, FL
Updated July 23 at 10:29pm UTC
2 Bedrooms
$750
233 Granada BLVD
Tice
Fort Myers, FL
Updated August 8 at 11:00pm UTC
2 Bedrooms
$695
1303 SE 46th Ln
Caloosahatchee
Cape Coral, FL
Updated July 26 at 5:11pm UTC
1 Bedroom
$850
2950 Royal Palm Ave
Fort Myers
Fort Myers, FL
Updated August 15 at 5:25pm UTC
2 Bedrooms
$850
5436 Tenth Ave
Fort Myers
Fort Myers, FL
Updated August 14 at 5:26pm UTC
2 Bedrooms
$850
2919 Jackson St
Fort Myers
Fort Myers, FL
Updated August 11 at 5:14pm UTC
1 Bedroom
$700
1322 SE 46th Ln
Caloosahatchee
Cape Coral, FL
Updated August 15 at 5:19pm UTC
Studio
$875
Results within 10 miles of Cape Coral, FL
6760 Winkler Rd
Fort Myers
Fort Myers, FL
Updated August 15 at 5:14pm UTC
2 Bedrooms
$900

August 2018 Cape Coral Rent Report

Welcome to the August 2018 Cape Coral Rent Report. Cape Coral rents increased 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

August 2018 Cape Coral Rent Report

Welcome to the August 2018 Cape Coral Rent Report. Cape Coral rents increased 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 increase sharply over the past month

Cape Coral rents have increased 0.8% over the past month, but have decreased moderately 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. Cape Coral's year-over-year rent growth lags the state average of 2.1%, as well as the national average of 1.2%.

Rents rising across cities in Florida

While rent decreases have been occurring in the city of Cape Coral over the past year, cities in the rest of the state are seeing the opposite trend. Rents have risen in all of the largest 10 cities in Florida for which we have data. The state as a whole logged rent growth of 2.1% 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 $2,410; 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 (+5.9%).
  • Tampa, Port St. Lucie, and Hialeah have all experienced year-over-year growth above the state average (4.4%, 3.3%, and 3.2%, respectively).

Cape Coral rents more affordable than many large cities nationwide

As rents have fallen moderately in Cape Coral, many large cities nationwide have seen prices increase, in some cases substantially. Cape Coral is also more affordable than most large cities across the country.

  • Cape Coral's median two-bedroom rent of $1,120 is below the national average of $1,180. Nationwide, rents have grown by 1.2% over the past year compared to the 1.0% decline in Cape Coral.
  • While rents in Cape Coral fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+2.4%), Atlanta (+1.8%), and San Francisco (+1.1%).
  • Renters will find more reasonable prices in Cape Coral than most large cities. For example, San Francisco has a median 2BR rent of $3,090, 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.