10 Cheap Apartments for rent in Fort Myers, FL

Last updated January 19 at 7:29pm UTC
3704 Broadway
Winkler Safe Neighborhood
Fort Myers, FL
Updated January 3 at 11:48am UTC
2 Bedrooms
$850
3175 Royalston AVE
Edgewood
Fort Myers, FL
Updated January 3 at 11:49am UTC
1 Bedroom
$800
2847/2849 Garden ST
Diplomat
Fort Myers, FL
Updated January 13 at 10:00am UTC
2 Bedrooms
$750
5327 Summerlin RD
Suntree
Fort Myers, FL
Updated January 17 at 9:45am UTC
1 Bedroom
$750
1107 7th WAY
Hancock
Fort Myers, FL
Updated January 12 at 9:58am UTC
1 Bedroom
$750
3814 WASHINGTON AVE
Fort Myers
Fort Myers, FL
Updated January 17 at 1:48am UTC
2 Bedrooms
$800
5305 Summerlin RD
Suntree
Fort Myers, FL
Updated January 17 at 9:45am UTC
1 Bedroom
$850
3155 Royalston AVE
Edgewood
Fort Myers, FL
Updated January 3 at 11:49am UTC
1 Bedroom
$820
2257 Euclid Ave Unit #2
Altamont Manor
Fort Myers, FL
Updated January 6 at 12:09pm UTC
1 Bedroom
$850
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January 2018 Fort Myers Rent Report

Welcome to the January 2018 Fort Myers Rent Report. Fort Myers rents increased over the past month. In this report, we'll evaluate trends in the Fort Myers rental market, including comparisons to cities throughout the state and nation.

View full Fort Myers Rent Report
Rent Report
Fort Myers

January 2018 Fort Myers Rent Report

Welcome to the January 2018 Fort Myers Rent Report. Fort Myers rents increased over the past month. In this report, we'll evaluate trends in the Fort Myers rental market, including comparisons to cities throughout the state and nation.

Fort Myers rents increase sharply over the past month

Fort Myers rents have increased 2.2% over the past month, and have increased significantly by 4.0% in comparison to the same time last year. Currently, median rents in Fort Myers stand at $870 for a one-bedroom apartment and $1,080 for a two-bedroom. This is the second straight month that the city has seen rent increases after a decline in October. Fort Myers' year-over-year rent growth leads the state average of 3.7%, as well as the national average of 2.8%.

Rents rising across cities in Florida

Throughout the past year, rent increases have been occurring not just in the city of Fort Myers, 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 3.7% 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 Florida cities that we have data for, all have seen rents rise year-over-year, with Port St. Lucie experiencing the fastest growth (+7.6%).
  • Orlando, Tampa, and St. Petersburg have all experienced year-over-year growth above the state average (6.8%, 6.2%, and 5.7%, respectively).

Fort Myers rents more affordable than many large cities nationwide

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

  • Fort Myers' median two-bedroom rent of $1,080 is below the national average of $1,160. Nationwide, rents have grown by 2.8% over the past year compared to the 4.0% increase in Fort Myers.
  • While Fort Myers' rents rose moderately over the past year, the city of DC saw a decrease of 0.3%.
  • Renters will find more reasonable prices in Fort Myers than most large cities. For example, San Francisco has a median 2BR rent of $3,010, which is more than two-and-a-half times the price in Fort Myers.

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.