ZIP Code · FL

ZIP 33909

Part of Cape Coral, FL

Pop. 40,231·Lee County·483rd most expensive ZIP in Florida

Median rent (all units)

$1,814/mo

Year-over-Year

-1.3%

Month-over-Month

+0.1%

vs US Median

-$118

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 33909 · $1,814

More expensive than 50% of US ZIP codes · National median $1,932/mo

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Compare your rent to the local median.

Medians by bedroom

Rent by unit size

Studio

$1,800

1 BR

$1,810

2 BR

$2,170

3 BR

$2,830

4 BR+

$3,140

Research median

$2,170/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: October 17, 2026

From the history

What the numbers show

Compared with the peak

Rent in ZIP 33909 is 11.4% below its high of $2,047 in December 2023, at $1,814 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33909 changed -1.3% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent has risen 4 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($73,053) is $1,826 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,810); a 2-bedroom is $2,170.

Rank in Cape Coral

1st cheapest of 6 ZIP codes in Cape Coral.

Cheaper nearby

ZIP 33903, 3 miles away, rents for 14% less ($1,556/mo), about $3,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33909. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost

$21,768/yr

At $1,814/mo median

Location

CityCape Coral

StateFL

CountyLee County

Rent Market Meter

Balanced Market

Renter's MarketBalancedLandlord's Market

Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.

Based on rent-price momentum (-1.3% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 33909 (Cape Coral, FL) is majority owner-occupied, 25.1% of residents hold a bachelor's degree or higher.

Population

40,231

Median income

$73,053

Median age

38.3

Renters

29.6%

Age distribution

23.4%

23.2%

24.3%

13.9%

15.3%

Under 1823.4%

18–3423.2%

35–5424.3%

55–6413.9%

65+15.3%

Gender

49.4%

50.6%

Male49.4%

Female50.6%

Race & ethnicity

59.4%

39.8%

White59.4%

Black3.2%

Hispanic39.8%

Asian1.2%

Education (25+)

38.7%

29.7%

25.1%

No HS diploma6.6%

HS diploma38.7%

Some college29.7%

Bachelor's+25.1%

Housing tenure

70.4%

29.6%

Owner70.4%

Renter29.6%

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

2022 vs 2026

How ZIP 33909 in Cape Coral, FL has changed in 5 years

Rent

$1,878 → $1,814

down 3.4%

Income

$67,325 → $73,053

up 8.5%

Population

33,658 → 40,231

up 19.5%

Renter share

29.6% → 29.6%

+0.0 pts

Bachelor's+

22.1% → 25.1%

+3.0 pts

Median age

39.6 → 38.3

-1.3 yrs

Compared with 2022, rent in ZIP 33909 in Cape Coral, FL has declined by $64 per month, settling near $1,814 after starting the period at $1,878. Household income in the area moved from $67,325 to $73,053 across the same window, up 8.5% versus 2021. Income growth outran rent by about 11.9 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 33,658 to 40,231 between 2021 and 2024, a 19.5% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 22.1% to 25.1%. Reading these numbers side by side helps frame whether current listings in ZIP 33909 in Cape Coral, FL look reasonable against where the market sat half a decade ago.

Community

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About renting in ZIP 33909

Last updated: October 17, 2026

ZIP code 33909 covers Cape Coral, FL. The median rent here is $1,814/mo as of October 2026. A 1-bedroom rents for a median of $1,810/mo. A 2-bedroom rents for a median of $2,170/mo.

At 30% of local median household income ($73,053/yr), ZIP 33909 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 1.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33909?

To keep rent at or below 30% of gross income, you would need to earn at least $73,000/year (about $35/hour full-time) to afford the median rent of $1,814/mo in ZIP 33909. The local median household income is $73,053/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 33909?

Rent in ZIP 33909 has fallen 1.3% over the past year as of September 2026. It sits 11.4% below its high of $2,047 in December 2023.

How does ZIP 33909 compare to other ZIPs in Florida?

ZIP 33909 is one of the more affordable among Florida ZIP codes for rent, ranking #483 of 656 at $1,814/mo. Over the year to September 2026, rent in ZIP 33909 changed -1.3%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.