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

As of July 2026, the median monthly rent in Cape Coral, FL is $1,912. This figure is based on aggregated data from public sources and community-submitted rents.

Is Cape Coral cheaper than other Florida cities?

Cape Coral is among the more affordable cities in Florida, ranking #212 out of 288 cities at $1,912/mo.

When was Cape Coral rent data last updated?

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

Is Cape Coral a renter's market or a landlord's market?

Based on RentDataNow's Rent Market Meter, Cape Coral is currently a renter's market. Rents are softening (down 4.5% YoY), so renters have negotiating leverage. The meter is derived from rent-price momentum (year-over-year and month-over-month change), not inventory levels.

City Report · FL

Cape Coral

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

Pop. 215,536·212th most expensive in Florida·Rental market data updated monthly for Cape Coral, FL

Median rent (all units)

$1,912/mo

Year-over-Year

-4.5%

Month-over-Month

-0.4%

vs US Median

-$53

Stable (Monthly)

Be the first to discuss Cape Coral rents ↓

Most AffordableMost Expensive

Cape Coral · $1,912

More expensive than 53% of US cities · National median $1,965/mo

Rent Reality Score

94/100

Great value

OverheatedFairGreat value

Rents are 22% below what Cape Coral's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$1,912/mo

Expected by trend

$2,455/mo

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

Medians by bedroom

Rent by unit size

Studio

$1,680

1 BR

$1,690

2 BR

$2,093

3 BR

$2,750

4 BR+

$3,058

Research median

$2,093/mo

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

Rent trends

12-month history

Loading…

Last updated: July 20, 2026

Annual cost

$22,944/yr

At $1,912/mo median

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 4.5% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-4.5% YoY, -0.4% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

215,536

Median income

$78,104

Median age

48.6

Renters

22.8%

Age distribution

17.6%

17.1%

24.4%

15.9%

25%

Under 1817.6%

18–3417.1%

35–5424.4%

55–6415.9%

65+25%

Gender

50%

Male50%

Female50%

Race & ethnicity

69.4%

26.4%

White69.4%

Black4.2%

Hispanic26.4%

Asian1.4%

Education (25+)

34.8%

31.1%

26.9%

No HS diploma7.2%

HS diploma34.8%

Some college31.1%

Bachelor's+26.9%

Housing tenure

77.2%

22.8%

Owner77.2%

Renter22.8%

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

2021 vs 2026

How Cape Coral, FL has changed in 5 years

Rent

$1,546 → $1,912

up 23.7%

Income

$65,282 → $78,104

up 19.6%

Population

193,003 → 215,536

up 11.7%

Renter share

23% → 22.8%

-0.2 pts

Bachelor's+

23.6% → 26.9%

+3.3 pts

Since 2021, the typical rent in Cape Coral, FL has increased from $1,546 to $1,912, a 23.7% 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.

Community

Discussions about Cape Coral

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View Cape Coral rent history (2015–2026) →

Salary vs rent

Can you afford rent in Cape Coral on your salary?

At $1,912/mo, how Cape Coral rent compares to typical pay (30% rule).

Registered Nurse

Avg $87,866/yr · Rent = 26.1% income

affordable

Elementary School Teacher

Avg $62,384/yr · Rent = 36.8% income

stretched

Police Officer

Avg $71,861/yr · Rent = 31.9% income

stretched

Software Developer

Avg $128,442/yr · Rent = 17.9% income

very comfortable

Lawyer

Avg $164,117/yr · Rent = 14% income

very comfortable

Firefighter

Avg $58,413/yr · Rent = 39.3% income

stretched

Truck Driver

Avg $52,740/yr · Rent = 43.5% income

rent-burdened

Electrician

Avg $65,007/yr · Rent = 35.3% income

stretched

By apartment size

Cape Coral rent by bedroom count

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

Local insights

Tips for renters in Cape Coral

About renting in Cape Coral, FL

Last updated: July 20, 2026

The median rent in Cape Coral is $1,912/mo as of July 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 29% of local median household income ($78,104/yr), Cape Coral ranks as affordable compared to the national benchmark of 30%. Rents have decreased 4.5% over the past year.

FAQ

Frequently asked questions

Is Cape Coral an affordable city for renters?

Cape Coral is considered affordable for renters. At $1,912/mo, rent takes approximately 29% of the local median household income ($78,104/yr). The standard benchmark is 30%. Cape Coral falls comfortably within that range.

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

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,912/mo in Cape Coral. The local median household income is $78,104/yr, meaning the typical Cape Coral household meets that threshold.

Is rent going up or down in Cape Coral?

Rent in Cape Coral has decreased 4.5% over the past year as of July 2026, offering some relief compared to 12 months ago.

Which Cape Coral neighborhoods have the lowest rent?

The most affordable ZIP codes in Cape Coral are 33991 ($1,815/mo), 33904 ($1,821/mo), and 33990 ($1,867/mo). Citywide, the median rent in Cape Coral is $1,912/mo.

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

Cape Coral is one of the more affordable cities in Florida for rent, ranking #212 out of 288 tracked cities at $1,912/mo.

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

Several nearby cities have lower median rents than Cape Coral ($1,912/mo): North Fort Myers ($1,590/mo), Fort Myers ($1,779/mo), Lehigh Acres ($1,856/mo).

What percentage of Cape Coral residents rent vs. own?

According to Census data, approximately 22.8% of Cape Coral households are renters, while 77.2% are owner-occupied. Cape Coral leans toward homeownership, which can mean a smaller rental inventory.

How does Cape Coral rent compare to the national average?

Cape Coral's median rent of $1,912/mo is $53 (3%) below the US national median of $1,965/mo. Within Florida, it ranks #212 out of 288 tracked cities.

Income Affordability

29%

AFFORDABLE

At $1,912/mo, rent takes ~29% of Cape Coral's median household income ($78,104/yr). The standard benchmark is 30%.

Cape Coral 29%Benchmark 30%

State income taxNone

Run the Cape Coral affordability calculator →

Nearby cities