48 Cheap Apartments for rent in Cape Coral, FL

Last updated November 25 at 2:15am UTC
1920 W Lakeview BLVD
Hancock
Fort Myers, FL
Updated November 7 at 2:02am UTC
1 Bedroom
$795
Results within 1 miles of Cape Coral, FL
Results within 5 miles of Cape Coral, FL
1963 Palm AVE
Fort Myers
Fort Myers, FL
Updated November 23 at 11:13am UTC
1 Bedroom
$550
304 Hubbard AVE
Fort Myers
Fort Myers, FL
Updated November 16 at 1:33am UTC
1 Bedroom
$800
75 Cabana AVE
Hancock
Fort Myers, FL
Updated November 18 at 9:52am UTC
1 Bedroom
$550
1221 SE 46th LN
Caloosahatchee
Cape Coral, FL
Updated November 23 at 11:16am UTC
1 Bedroom
$895
4962 Viceroy St #3
Caloosahatchee
Cape Coral, FL
Updated November 23 at 12:28pm UTC
1 Bedroom
$650
8711 Ortiz CIR
Fort Myers
Fort Myers, FL
Updated November 16 at 10:49am UTC
3 Bedrooms
$850
2835 Winkler AVE
Metro Park
Fort Myers, FL
Updated November 7 at 9:40am UTC
1 Bedroom
$750
5627 10th AVE
Fort Myers
Fort Myers, FL
Updated November 23 at 1:55am UTC
4 Bedrooms
$850
2700 Park Windsor DR
Winkler Safe Neighborhood
Fort Myers, FL
Updated November 10 at 5:13pm UTC
2 Bedrooms
$850
3165 Royalston AVE
Edgewood
Fort Myers, FL
Updated November 11 at 2:24am UTC
1 Bedroom
$800
2366 E Mall DR
Winkler Safe Neighborhood
Fort Myers, FL
Updated November 16 at 10:50am UTC
1 Bedroom
$875
1947 Ricardo AVE
Fort Myers
Fort Myers, FL
Updated November 23 at 11:14am UTC
2 Bedrooms
$795
355 Park Lane DR
Fort Myers
Fort Myers, FL
Updated October 27 at 2:03am UTC
Studio
$600
3401 Winkler AVE
Fort Myers
Fort Myers, FL
Updated November 14 at 9:48am UTC
1 Bedroom
$875
2505 Royal Palm Ave
Fort Myers
Fort Myers, FL
Updated November 15 at 2:00am UTC
2 Bedrooms
$795
10th Ave
Fort Myers
Fort Myers, FL
Updated November 22 at 8:32am UTC
2 Bedrooms
$850
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November 2017 Cape Coral Rent Report

Welcome to the November 2017 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

November 2017 Cape Coral Rent Report

Welcome to the November 2017 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 over the past month

Cape Coral rents have declined 0.8% over the past month, but are up moderately by 2.1% in comparison to the same time last year. Currently, median rents in Cape Coral stand at $910 for a one-bedroom apartment and $1,130 for a two-bedroom. This is the second straight month that the city has seen rent decreases after an increase in August. Cape Coral's year-over-year rent growth lags the state average of 3.5%, as well as the national average of 2.7%.

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 3.5% 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 $2,380; 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 (-0.2%).
  • Orlando, St. Petersburg, and Port St. Lucie have all experienced year-over-year growth above the state average (6.4%, 5.8%, and 5.8%, respectively).

Cape Coral rents more affordable than many large cities nationwide

As rents have increased moderately in Cape Coral, 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 $1,130 is slightly below the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 2.1% rise in Cape Coral.
  • While Cape Coral's rents rose moderately over the past year, some cities nationwide saw decreases, including DC (-0.6%) and New York (-0.2%).
  • 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.