ZIP Code · FL

ZIP 33916

Pop. 27,943·Lee County·592nd most expensive ZIP in Florida
Median rent (all units)
$1,556/mo
Year-over-Year
-6.5%
Month-over-Month
-1.3%
vs US Median
-$376
Reported rents
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 33916 · $1,556
More affordable than 69% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,460
1 BR
$1,470
2 BR
$1,760
3 BR
$2,300
4 BR+
$2,550
Research median
$1,760/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

Cheapest month to sign

February. Asking rents in ZIP 33916 usually run 0.4% below trend in February and 0.7% above it in August, about $17 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 33916 is 17.7% below its high of $1,890 in April 2023, at $1,556 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33916 changed -6.5% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 33916 rose 68.4% while median household income rose 44.7% ($36,349 to $52,586). Rent outpaced income.

Since before the pandemic

Rent in ZIP 33916 is 42% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 4 months in a row, and rose in 2 of the last 12 months.

What a typical income covers

30% of the median household income ($52,586) is $1,315 a month. That is less than HUD's Fair Market Rent for a studio ($1,460).

Rank in Fort Myers

3rd cheapest of 10 ZIP codes in Fort Myers.

From Zillow's monthly rent index (ZORI) for ZIP 33916. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$18,672/yr
At $1,556/mo median
Location
StateFL
CountyLee County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 6.5% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-6.5% YoY, -1.3% MoM), not inventory.
Demographics

Who lives here

ZIP 33916 (Fort Myers, FL) is majority renter-occupied, has a median income below the national average, 22.2% of residents hold a bachelor's degree or higher.

Population
27,943
Median income
$52,586
Median age
35.8
Renters
66.2%
Age distribution
21.5%
26.6%
28.3%
12%
Under 1821.5%
18–3426.6%
35–5428.3%
55–6411.5%
65+12%
Gender
47.5%
52.5%
Male47.5%
Female52.5%
Race & ethnicity
29.3%
36.6%
29.1%
White29.3%
Black36.6%
Hispanic29.1%
Asian2.8%
Other2.3%
Education (25+)
18.2%
35.6%
24%
22.2%
No HS diploma18.2%
HS diploma35.6%
Some college24%
Bachelor's+22.2%
Housing tenure
33.8%
66.2%
Owner33.8%
Renter66.2%

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

2021 vs 2026

How ZIP 33916 in Fort Myers, FL has changed in 5 years

Rent
$1,273 → $1,556
up 22.2%
Income
$39,477 → $52,586
up 33.2%
Population
25,429 → 27,943
up 9.9%
Renter share
66% → 66.2%
+0.2 pts
Bachelor's+
19.9% → 22.2%
+2.3 pts
Median age
35.2 → 35.8
+0.6 yrs

Rent in ZIP 33916 in Fort Myers, FL has increased 22.2% since 2021, going from about $1,273 per month to roughly $1,556 today. On the earnings side, the typical household in ZIP 33916 in Fort Myers, FL now reports about $52,586, up from $39,477 in 2021. Income growth outran rent by about 11.0 percentage points, easing the affordability math somewhat compared with 2021. Headcount in the area went from 25,429 to 27,943 between 2021 and 2024, a 9.9% change. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 19.9% to 22.2%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 33916 in Fort Myers, FL reflects that arc in its own way.

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About renting in ZIP 33916

Last updated: October 17, 2026

ZIP code 33916 covers Fort Myers, FL. The median rent here is $1,556/mo as of October 2026. A 1-bedroom rents for a median of $1,470/mo. A 2-bedroom rents for a median of $1,760/mo.

At 36% of local median household income ($52,586/yr), ZIP 33916 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 6.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33916?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (about $30/hour full-time) to afford the median rent of $1,556/mo in ZIP 33916. The local median household income is $52,586/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33916?

Rent in ZIP 33916 has fallen 6.5% over the past year as of September 2026. It sits 17.7% below its high of $1,890 in April 2023.

When is the cheapest time to rent in ZIP 33916?

Asking rents in ZIP 33916 are usually lowest in February, about 0.4% below their yearly trend, and highest in August, about 0.7% above it. At today's median that is a gap of roughly $17 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 33916?

Yes. From 2019 to 2024, rent in ZIP 33916 rose 68.4% while median household income rose 44.7%, from $36,349 to $52,586. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 33916 compare to other ZIPs in Florida?

ZIP 33916 is one of the more affordable among Florida ZIP codes for rent, ranking #592 of 656 at $1,556/mo. Over the year to September 2026, rent in ZIP 33916 changed -6.5%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.

How does ZIP 33916 compare to the rest of Fort Myers?

At $1,556/mo, ZIP 33916 is $163 below the Fort Myers citywide median of $1,719/mo. It is the 3rd cheapest of 10 ZIP codes in Fort Myers.
Income Affordability
36%
MODERATE

At $1,556/mo, rent takes ~36% of ZIP 33916's median household income ($52,586/yr). The standard benchmark is 30%.

ZIP 33916 36%Benchmark 30%
State income taxNone
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Public schools near ZIP 33916 (Fort Myers, FL)

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