Cape Coral, FL Rental Market Trends

Highlights

The average rent for an apartment in Cape Coral is $1,209, a 8% increase compared to the previous year, when the average rent was $1,121.

Average Rent in Cape Coral, FL

Last updated Jul 2019
Average Rent Y-o-Y Change Average Apartment Size
$1,209 8% 976 sq. ft.

The average size for a Cape Coral, FL apartment is 976 square feet, but this number varies greatly depending on apartment type. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.

Cape Coral, FL Apartment Rent Ranges

  • $701-$1,00022%
  • $1,001-$1,50067%
  • $1,501-$2,00011%

Cape Coral, FL Rent Trends

Average Rent Jan / 2016 May / 2016 Sept / 2016 Jan / 2017 May / 2017 Sept / 2017 Jan / 2018 May / 2018 Sept / 2018 Jul / 2019
Cape Coral, FL $884 $905 $919 $922 $997 $1,111 $1,121 $1,121 $1,185 $1,209
National $1,290 $1,319 $1,334 $1,329 $1,354 $1,366 $1,366 $1,381 $1,396 $1,430
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Average Rent in Cape Coral, FL By Neighborhood

The most affordable neighborhoods in Cape Coral are Jacaranda, where the average rent goes for $1,155/month, Hancock, where renters pay $1,235/mo on average, and Diplomat, where the average rent goes for $1,295/mo. If you’re looking for other great deals, check out the listings from Burnt Store ($1,394), Mariner ($1,394), and Tom Black Lake ($1,394), where the asking prices are below the average Cape Coral rent of $1,209/mo.

The most expensive neighborhoods in Cape Coral are Mariner ($1,394), Tom Black Lake ($1,394) and Trafalgar ($1,394).

Cape Coral | Rent Comparison by Neighborhood

Neighborhood
vs.
Neighborhood

Rent in Burnt Store is 8% higher than in Diplomat

$1,394

Burnt Store rent is 15% higher than Cape Coral average

Average Rent $1,394
$1,295

Diplomat rent is 7% higher than Cape Coral average

Average Rent $1,295

How Does Cape Coral Compare to Nearby Cities

Average Rent Y-o-Y Change
Cape Coral $1,209 8%
Fort Myers $1,247 3%
San Carlos Park $1,939 -11%
North Fort Myers $957 11%
Iona $1,310 5%
Villas $1,159 2%
Bonita Springs $1,468 2%
Cypress Lake $1,199 n/a
Estero $1,678 -2%
Harlem Heights $1,310 5%

For more information about the Cape Coral rental trends, check out our monthly rent report

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The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Cape Coral apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.

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