423 Luxury Apartments for rent in Cape Coral, FL

Last updated July 23 at 10:02am UTC
227 NW 3rd TER
Mariner
Cape Coral, FL
Updated July 23 at 10:02am UTC
3 Bedrooms
$2,800
6021 Silver King BLVD
Pelican
Cape Coral, FL
Updated July 23 at 10:02am UTC
3 Bedrooms
$5,000
4020 SW 7th AVE
Pelican
Cape Coral, FL
Updated July 23 at 10:02am UTC
3 Bedrooms
$1,295
4019 SE 20th PL
Caloosahatchee
Cape Coral, FL
Updated July 23 at 10:01am UTC
2 Bedrooms
$1,500
3744 SE 12th AVE
Caloosahatchee
Cape Coral, FL
Updated July 23 at 10:01am UTC
3 Bedrooms
$3,000
5793 Cape Harbour DR
Pelican
Cape Coral, FL
Updated July 23 at 10:01am UTC
3 Bedrooms
$1,995
3935 Country Club BLVD
Caloosahatchee
Cape Coral, FL
Updated July 23 at 10:01am UTC
2 Bedrooms
$1,800
3488 Acapulco CIR
Diplomat
Cape Coral, FL
Updated July 23 at 10:01am UTC
3 Bedrooms
$1,695
2656 Somerville LOOP
Trafalgar
Cape Coral, FL
Updated July 23 at 10:01am UTC
2 Bedrooms
$2,900
1787 Four Mile Cove PKY
Hancock
Cape Coral, FL
Updated July 23 at 10:01am UTC
3 Bedrooms
$2,750
161 SE 17th ST
Hancock
Cape Coral, FL
Updated July 23 at 10:00am UTC
3 Bedrooms
$3,500
4708 SW 8th PL
Pelican
Cape Coral, FL
Updated July 23 at 10:00am UTC
2 Bedrooms
$2,500
225 SE 47th TER
Caloosahatchee
Cape Coral, FL
Updated July 23 at 10:00am UTC
2 Bedrooms
$1,300
1004 SW 48th TER
Pelican
Cape Coral, FL
Updated July 23 at 10:00am UTC
2 Bedrooms
$1,450
1021 SE 16th TER
Hancock
Cape Coral, FL
Updated July 23 at 10:00am UTC
3 Bedrooms
$3,800
1942 Beach PKY
Caloosahatchee
Cape Coral, FL
Updated July 23 at 10:00am UTC
2 Bedrooms
$2,800
828 Victoria DR
Caloosahatchee
Cape Coral, FL
Updated July 23 at 10:00am UTC
2 Bedrooms
$2,700
421 SW 47th TER
Pelican
Cape Coral, FL
Updated July 23 at 10:00am UTC
2 Bedrooms
$1,495
204 SE 27th ST
Caloosahatchee
Cape Coral, FL
Updated July 23 at 10:00am UTC
4 Bedrooms
$1,800
3823 SW 6th AVE
Pelican
Cape Coral, FL
Updated July 23 at 10:00am UTC
4 Bedrooms
$1,800
2931 SW 5th PL
Pelican
Cape Coral, FL
Updated July 23 at 10:00am UTC
4 Bedrooms
$1,850
220 SW 19th TER
Hancock
Cape Coral, FL
Updated July 23 at 10:00am UTC
4 Bedrooms
$1,800

July 2018 Cape Coral Rent Report

Welcome to the July 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

July 2018 Cape Coral Rent Report

Welcome to the July 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 decline sharply over the past month

Cape Coral rents have declined 0.7% over the past month, and are down moderately by 1.2% in comparison to the same time last year. Currently, median rents in Cape Coral stand at $900 for a one-bedroom apartment and $1,110 for a two-bedroom. This is the third 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 2.6%, as well as the national average of 1.4%.

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 9 of the largest 10 cities in Florida for which we have data. The state as a whole logged rent growth of 2.6% 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 $2,410; of the 10 largest Florida cities that we have data for, 9 have seen rents rise year-over-year, with Orlando experiencing the fastest growth (+6.2%).
  • Tampa, Hialeah, and St. Petersburg have all experienced year-over-year growth above the state average (4.6%, 3.9%, and 3.5%, 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 $1,110 is below the national average of $1,180. Nationwide, rents have grown by 1.4% over the past year compared to the 1.2% decline in Cape Coral.
  • While rents in Cape Coral fell moderately over the past year, many cities nationwide saw increases, including Phoenix (+2.3%), Atlanta (+1.9%), and New York (+1.7%).
  • 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.