Cape Coral, FL Rental Market Trends
Highlights
The average rent for an apartment in Cape Coral is $1,317, a 9% increase compared to the previous year, when the average rent was $1,209.
Average Rent in Cape Coral, FL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,317 | 9% | 983 sq. ft. |
The average size for a Cape Coral, FL apartment is 983 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. 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-$1,00019%
- $1,001-$1,50050%
- $1,501-$2,00032%
Cape Coral, FL Occupied Housing Units
- Renter-occupied Households29%
- Owner-occupied Households70%
19,203 or 29% of the households in Cape Coral, FL are renter-occupied while 45,778 or 70% are owner-occupied.
Cape Coral, FL Rent Trends
| Average Rent | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cape Coral, FL | $922 | $997 | $1,111 | $1,121 | $1,121 | $1,185 | $1,209 | $1,249 | $1,274 | $1,317 |
| National | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Cape Coral, FL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Jacaranda | $1,273 |
| Hancock | $1,356 |
| Diplomat | $1,459 |
| Trafalgar | $1,529 |
| Tom Black Lake | $1,529 |
| Mariner | $1,529 |
| Burnt Store | $1,529 |
The most affordable neighborhoods in Cape Coral are Jacaranda, where the average rent goes for $1,273/month, Hancock, where renters pay $1,356/mo on average, and Diplomat, where the average rent goes for $1,459/mo. If you’re looking for other great deals, check out the listings from Burnt Store ($1,529), Mariner ($1,529), and Tom Black Lake ($1,529), where the asking prices are below the average Cape Coral rent of $1,317/mo.
The most expensive neighborhoods in Cape Coral are Mariner ($1,529), Tom Black Lake ($1,529) and Trafalgar ($1,529).
The most popular neighborhood in Cape Coral is Mariner, where there are 13 verified RENTCafé listings with an average rent of $1,529. Next up is Jacaranda, where apartments go for $1,273/month, followed by Diplomat with $1,459 If you’re looking to rent in Cape Coral’s most popular neighborhoods, make sure to also check out Hancock, where renters pay $1,356 on average, and Trafalgar, where the average monthly rent is $1,529.
Cape Coral | Rent Comparison by Neighborhood
Rent in Burnt Store is 5% higher than in Diplomat
Burnt Store rent is 16% higher than Cape Coral average
| Average Rent | $1,529 |
|---|
Diplomat rent is 11% higher than Cape Coral average
| Average Rent | $1,459 |
|---|
How Cape Coral Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Jacksonville | $1,109 | 4% |
| Tampa | $1,359 | 5% |
| Miami | $1,702 | 2% |
| Homestead | $1,286 | 4% |
| Kissimmee | $1,365 | 2% |
| Cape Coral | $1,317 | 9% |
| Fort Myers | $1,291 | 3% |
| North Port | $1,369 | 15% |
| San Carlos Park | $1,982 | 2% |
| Estero | $1,697 | 1% |
| Iona | $1,294 | -1% |
For more information about the Cape Coral rental trends, check out our monthly rent report
Check out Florida Cities, Florida Neighborhoods and Florida Zip Codes for more details on verified listings, including the Florida Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!