How much does it cost to rent in Cape Canaveral, FL?

As of July 2026, the median monthly rent in Cape Canaveral, FL is $2,051. This figure is based on aggregated data from public sources and community-submitted rents.

Is Cape Canaveral cheaper than other Florida cities?

Cape Canaveral falls in the middle range for Florida, ranking #173 out of 288 cities at $2,051/mo.

When was Cape Canaveral rent data last updated?

Cape Canaveral rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · FL

Cape Canaveral

Name: Average Rent Prices in Cape Canaveral, FL
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 10,006·173rd most expensive in Florida·Cape Canaveral rents are up 13.9% over the past year

Median rent (all units)

$2,051/mo

Year-over-Year

+13.9%

Month-over-Month

+5.3%

vs US Median

+$86

Rising (Monthly)

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Most AffordableMost Expensive

Cape Canaveral · $2,051

More expensive than 62% of US cities · National median $1,965/mo

Rent Reality Score

33/100

Overpriced

OverheatedFairGreat value

Rents are 9% above what Cape Canaveral's 10-year trend predicts — running hotter than its own history.

Actual rent

$2,051/mo

Expected by trend

$1,887/mo

The Rent Reality Score compares today's median rent to where Cape Canaveral's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$940

1 BR

$1,100

2 BR

$1,280

3 BR

$1,740

4 BR+

$1,990

Research median

$1,280/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost

$24,612/yr

At $2,051/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 13.9% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+13.9% YoY, +5.3% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Cape Canaveral, FL is majority owner-occupied, has a large retiree population, 36.2% of residents hold a bachelor's degree or higher.

Population

10,006

Median income

$67,276

Median age

60.1

Renters

41.4%

Age distribution

19.5%

28.5%

35.9%

Under 185.1%

18–3411%

35–5419.5%

55–6428.5%

65+35.9%

Gender

51.2%

48.8%

Male51.2%

Female48.8%

Race & ethnicity

88.6%

White88.6%

Black0.7%

Hispanic9.1%

Asian1.3%

Education (25+)

28.9%

31%

36.2%

No HS diploma3.8%

HS diploma28.9%

Some college31%

Bachelor's+36.2%

Housing tenure

58.6%

41.4%

Owner58.6%

Renter41.4%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2022 vs 2026

How Cape Canaveral, FL has changed in 5 years

Rent

$1,638 → $2,051

up 25.2%

Income

$58,396 → $67,276

up 15.2%

Population

9,979 → 10,006

up 0.3%

Renter share

40.1% → 41.4%

+1.3 pts

Bachelor's+

34.8% → 36.2%

+1.4 pts

Median age

58.6 → 60.1

+1.5 yrs

Compared with 2022, rent in Cape Canaveral, FL has climbed by $413 per month, settling near $2,051 after starting the period at $1,638. On the earnings side, the typical household in Cape Canaveral, FL now reports about $67,276, up from $58,396 in 2021. Rent outpaced income growth by roughly 10.0 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. For context, the 2022 to 2026 window covers an unusually volatile run for US rents nationally, and Cape Canaveral, FL reflects that arc in its own way.

Community

Discussions about Cape Canaveral

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View Cape Canaveral rent history (2015–2026) →

Salary vs rent

Can you afford rent in Cape Canaveral on your salary?

At $2,051/mo, how Cape Canaveral rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 28% income

affordable

Elementary School Teacher

Avg $62,384/yr · Rent = 39.5% income

stretched

Police Officer

Avg $71,861/yr · Rent = 34.2% income

stretched

Software Developer

Avg $128,442/yr · Rent = 19.2% income

very comfortable

Lawyer

Avg $164,117/yr · Rent = 15% income

very comfortable

Firefighter

Avg $58,413/yr · Rent = 42.1% income

rent-burdened

Truck Driver

Avg $52,740/yr · Rent = 46.7% income

rent-burdened

Electrician

Avg $65,007/yr · Rent = 37.9% income

stretched

By apartment size

Cape Canaveral rent by bedroom count

Median rent for each apartment size in Cape Canaveral. Click any size for full breakdown.

Local insights

Tips for renters in Cape Canaveral

About renting in Cape Canaveral, FL

Last updated: July 20, 2026

The median rent in Cape Canaveral is $2,051/mo as of July 2026. A studio apartment averages $940/mo while a 2-bedroom runs $1,280/mo. One-bedroom apartments average $1,100/mo and 3-bedroom units go for $1,740/mo.

At 37% of local median household income ($67,276/yr), Cape Canaveral ranks as moderate compared to the national benchmark of 30%. Rents have increased 13.9% over the past year.

FAQ

Frequently asked questions

Is Cape Canaveral an affordable city for renters?

Cape Canaveral is considered moderate for renters. At $2,051/mo, rent takes approximately 37% of the local median household income ($67,276/yr). The standard benchmark is 30%. Cape Canaveral slightly exceeds that threshold, so budgeting carefully matters here.

How much income do you need to rent in Cape Canaveral?

To keep rent at or below 30% of gross income, you would need to earn at least $82,000/year (~$39/hour full-time) to afford the median rent of $2,051/mo in Cape Canaveral. The local median household income is $67,276/yr, meaning the typical Cape Canaveral household falls short of that threshold.

Is rent going up or down in Cape Canaveral?

Rent in Cape Canaveral has increased 13.9% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Cape Canaveral rent compare to other cities in Florida?

Cape Canaveral is middle-of-the-pack for Florida for rent, ranking #173 out of 288 tracked cities at $2,051/mo.

Which nearby cities are cheaper to rent in than Cape Canaveral?

Several nearby cities have lower median rents than Cape Canaveral ($2,051/mo): Cocoa ($1,931/mo), Rockledge ($1,935/mo).

What percentage of Cape Canaveral residents rent vs. own?

According to Census data, approximately 41.4% of Cape Canaveral households are renters, while 58.6% are owner-occupied. Cape Canaveral leans toward homeownership, which can mean a smaller rental inventory.

How does Cape Canaveral rent compare to the national average?

Cape Canaveral's median rent of $2,051/mo is $86 (4%) above the US national median of $1,965/mo. Within Florida, it ranks #173 out of 288 tracked cities.

Income Affordability

37%

MODERATE

At $2,051/mo, rent takes ~37% of Cape Canaveral's median household income ($67,276/yr). The standard benchmark is 30%.

Cape Canaveral 37%Benchmark 30%

State income taxNone

Run the Cape Canaveral affordability calculator →

Nearby cities