Rents are 22% below what Cape Coral's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,929 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 →
12-month history
Last updated: August 17, 2026
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Who lives here
Cape Coral, FL is majority owner-occupied, has a large retiree population, 26.9% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Cape Coral, FL has changed in 5 years
Since 2021, the typical rent in Cape Coral, FL has increased from $1,546 to $1,929, a 24.8% change over five years. Household income in the area moved from $65,282 to $78,104 across the same window, up 19.6% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 11.7% since 2021, moving from about 193,003 residents to roughly 215,536. College-educated residents now make up 26.9% of adults here, versus 23.6% in 2021. Reading these numbers side by side helps frame whether current listings in Cape Coral, FL look reasonable against where the market sat half a decade ago.
Discussions about Cape Coral
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Can you afford rent in Cape Coral on your salary?
At $1,929/mo, how Cape Coral rent compares to typical pay (30% rule).
Cape Coral rent by bedroom count
Median rent for each apartment size in Cape Coral. Click any size for full breakdown.
Tips for renters in Cape Coral
Last updated: August 17, 2026
The median rent in Cape Coral is $1,929/mo as of August 2026. A studio apartment averages $1,680/mo while a 2-bedroom runs $2,093/mo. One-bedroom apartments average $1,690/mo and 3-bedroom units go for $2,750/mo.
At 30% of local median household income ($78,104/yr), Cape Coral ranks as moderate compared to the national benchmark of 30%. Rents have decreased 3.4% over the past year.
Frequently asked questions
Is Cape Coral an affordable city for renters?
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Which Cape Coral neighborhoods have the lowest rent?
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What percentage of Cape Coral residents rent vs. own?
How does Cape Coral rent compare to the national average?
At $1,929/mo, rent takes ~30% of Cape Coral's median household income ($78,104/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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