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City Report · FL

Cape Canaveral

Pop. 10,006·185th most expensive in Florida·Cape Canaveral rents are up 10.4% over the past year
Median rent (all units)
$2,010/mo
Year-over-Year
+10.4%
Month-over-Month
-2.0%
vs US Median
+$48
Falling (Monthly)
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Most AffordableMost Expensive
Cape Canaveral · $2,010
More expensive than 59% of US cities · National median $1,962/mo
Rent Reality Score
37/100
Overpriced
OverheatedFairGreat value

Rents are 6% above what Cape Canaveral's 10-year trend predicts — running hotter than its own history.

Actual rent
$2,010/mo
Expected by trend
$1,888/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
Fair Market Rent (HUD)
$1,280/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,010 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: August 17, 2026

Annual cost
$24,120/yr
At $2,010/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 10.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+10.4% YoY, -2.0% MoM), not inventory.
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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 → $2,010
up 22.7%
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 $372 per month, settling near $2,010 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 7.5 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

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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 $2,010/mo, how Cape Canaveral rent compares to typical pay (30% rule).

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: August 17, 2026

The median rent in Cape Canaveral is $2,010/mo as of August 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 36% of local median household income ($67,276/yr), Cape Canaveral ranks as moderate compared to the national benchmark of 30%. Rents have increased 10.4% over the past year.

FAQ

Frequently asked questions

Is Cape Canaveral an affordable city for renters?

Cape Canaveral is considered moderate for renters. At $2,010/mo, rent takes approximately 36% 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 $80,000/year (~$38/hour full-time) to afford the median rent of $2,010/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 10.4% over the past year as of August 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 #185 out of 291 tracked cities at $2,010/mo.

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

Several nearby cities have lower median rents than Cape Canaveral ($2,010/mo): Cocoa ($1,901/mo), Rockledge ($1,953/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 $2,010/mo is $48 (2%) above the US national median of $1,962/mo. Within Florida, it ranks #185 out of 291 tracked cities.
Income Affordability
36%
MODERATE

At $2,010/mo, rent takes ~36% of Cape Canaveral's median household income ($67,276/yr). The standard benchmark is 30%.

Cape Canaveral 36%Benchmark 30%
State income taxNone
Run the Cape Canaveral affordability calculator →
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Neighborhoods

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Public schools near Cape Canaveral, FL

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