ZIP Code · FL

ZIP 33990

Part of Cape Coral, FL

Pop. 34,713·Lee County·459th most expensive ZIP in Florida

Median rent (all units)

$1,860/mo

Year-over-Year

-2.0%

Month-over-Month

-0.6%

vs US Median

-$72

Reported rents

Falling (Monthly)

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Most AffordableMost Expensive

ZIP 33990 · $1,860

More expensive than 53% 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

$1,690

1 BR

$1,700

2 BR

$2,040

3 BR

$2,660

4 BR+

$2,950

Research median

$2,040/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

December. Asking rents in ZIP 33990 usually run 1.2% below trend in December and 1.3% above it in June, about $47 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 33990 is 8.2% below its high of $2,027 in January 2024, at $1,860 as of September 2026.

Past year vs. the rest of Florida

Rent in ZIP 33990 changed -2.1% over the year to September 2026. Across the 623 Florida ZIP codes Zillow tracks, the typical change was +1.8%.

Recent direction

Rent rose in 4 of the last 12 months.

What a typical income covers

30% of the median household income ($70,665) is $1,767 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,700); a 2-bedroom is $2,040.

Rank in Cape Coral

2nd cheapest of 6 ZIP codes in Cape Coral.

Cheaper nearby

ZIP 33901, 4 miles away, rents for 21% less ($1,463/mo), about $4,800 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 33990. 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

$22,320/yr

At $1,860/mo median

Location

CityCape Coral

StateFL

CountyLee County

Rent Market Meter

Renter's Market

Renter's MarketBalancedLandlord's Market

Rents are softening (down 2.0% YoY), so renters have negotiating leverage.

Based on rent-price momentum (-2.0% YoY, -0.6% MoM), not inventory.

Demographics

Who lives here

ZIP 33990 (Cape Coral, FL) is majority owner-occupied, has a large retiree population, 23.9% of residents hold a bachelor's degree or higher.

Population

34,713

Median income

$70,665

Median age

49.3

Renters

27.4%

Age distribution

16%

17.5%

27.4%

14.6%

24.6%

Under 1816%

18–3417.5%

35–5427.4%

55–6414.6%

65+24.6%

Gender

51.5%

48.5%

Male51.5%

Female48.5%

Race & ethnicity

69.6%

26.2%

White69.6%

Black3.3%

Hispanic26.2%

Asian3.1%

Education (25+)

12.8%

36.5%

26.8%

23.9%

No HS diploma12.8%

HS diploma36.5%

Some college26.8%

Bachelor's+23.9%

Housing tenure

72.6%

27.4%

Owner72.6%

Renter27.4%

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

2022 vs 2026

How ZIP 33990 in Cape Coral, FL has changed in 5 years

Rent

$1,855 → $1,860

up 0.3%

Income

$63,249 → $70,665

up 11.7%

Population

35,283 → 34,713

down 1.6%

Renter share

28.4% → 27.4%

-1.0 pts

Bachelor's+

22.6% → 23.9%

+1.3 pts

Median age

47.3 → 49.3

+2.0 yrs

Since 2022, the typical rent in ZIP 33990 in Cape Coral, FL has increased from $1,855 to $1,860, a 0.3% change over five years. Local incomes tracked alongside that move, going from a median of $63,249 in 2021 to $70,665 more recently. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has contracted by 1.6% since 2021, moving from about 35,283 residents to roughly 34,713. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the ZIP 33990 in Cape Coral, FL market of 2022.

Community

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About renting in ZIP 33990

Last updated: October 17, 2026

ZIP code 33990 covers Cape Coral, FL. The median rent here is $1,860/mo as of October 2026. A 1-bedroom rents for a median of $1,700/mo. A 2-bedroom rents for a median of $2,040/mo.

At 32% of local median household income ($70,665/yr), ZIP 33990 ranks as moderate compared to the national benchmark of 30%. Rents have decreased 2.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 33990?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (about $36/hour full-time) to afford the median rent of $1,860/mo in ZIP 33990. The local median household income is $70,665/yr, so the typical household falls short of that bar.

Is rent going up or down in ZIP 33990?

Rent in ZIP 33990 has fallen 2.0% over the past year as of September 2026. It sits 8.2% below its high of $2,027 in January 2024.

When is the cheapest time to rent in ZIP 33990?

Asking rents in ZIP 33990 are usually lowest in December, about 1.2% below their yearly trend, and highest in June, about 1.3% above it. At today's median that is a gap of roughly $47 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 33990 compare to other ZIPs in Florida?

ZIP 33990 is one of the more affordable among Florida ZIP codes for rent, ranking #459 of 656 at $1,860/mo. Over the year to September 2026, rent in ZIP 33990 changed -2.1%, against a typical +1.8% across the 623 Florida ZIP codes Zillow tracks.