Cape Coral, FL Rental Market Trends
What is the average rent in Cape Coral?
The average rent for an apartment in Cape Coral is $1,361, a 3% increase compared to the previous year, when the average rent was $1,317.
Average Rent in Cape Coral, FL
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,361 | 3% | 981 sq. ft. |
What is the average apartment size in Cape Coral?
The average size for a Cape Coral, FL apartment is 981 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-$1,0008%
- $1,001-$1,50065%
- $1,501-$2,00027%
Cape Coral, FL Occupied Housing Units
- Renter-occupied Households29%
- Owner-occupied Households70%
18,987 or 29% of the households in Cape Coral, FL are renter-occupied while 46,300 or 70% are owner-occupied.
Cape Coral, FL Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cape Coral, FL | $1,121 | $1,121 | $1,185 | $1,209 | $1,249 | $1,274 | $1,317 | $1,275 | $1,337 | $1,361 |
| National | $1,346 | $1,355 | $1,359 | $1,356 | $1,391 | $1,398 | $1,400 | $1,390 | $1,395 | $1,407 |
Average Rent in Cape Coral, FL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Burnt Store | $1,481 |
| Mariner | $1,481 |
| Tom Black Lake | $1,481 |
| Trafalgar | $1,481 |
| Diplomat | $1,453 |
| Pelican | $1,438 |
| Hancock | $1,387 |
| Jacaranda | $1,282 |
What are the most affordable neighborhoods in Cape Coral?
The most affordable neighborhoods in Cape Coral are Jacaranda, where the average rent goes for $1,282/month, Hancock, where renters pay $1,387/mo on average, and Pelican, where the average rent goes for $1,438/mo. If you’re looking for other great deals, check out the listings from Diplomat ($1,453), Burnt Store ($1,481), and Mariner ($1,481), where the asking prices are below the average Cape Coral rent of $1,361/mo.
What are the most expensive neighborhoods in Cape Coral?
The most expensive neighborhoods in Cape Coral are Mariner ($1,481), Tom Black Lake ($1,481) and Trafalgar ($1,481).
What are the most popular neighborhoods in Cape Coral?
The most popular neighborhood in Cape Coral is Diplomat, where there are 9 verified RENTCafé listings with an average rent of $1,453. Next up is Jacaranda, where apartments go for $1,282/month, followed by Mariner with $1,481 If you’re looking to rent in Cape Coral’s most popular neighborhoods, make sure to also check out Hancock, where renters pay $1,387 on average, and Trafalgar, where the average monthly rent is $1,481.
Cape Coral | Rent Comparison by Neighborhood
Rent in Burnt Store is 2% higher than in Diplomat
Burnt Store rent is 9% higher than Cape Coral average
| Average Rent | $1,481 |
|---|
Diplomat rent is 7% higher than Cape Coral average
| Average Rent | $1,453 |
|---|
How Cape Coral Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Jacksonville | $1,173 | 5% |
| Tampa | $1,432 | 5% |
| Miami | $1,754 | 2% |
| Orlando | $1,432 | n/a |
| Kissimmee | $1,363 | n/a |
| St. Petersburg | $1,443 | 4% |
| Sarasota | $1,473 | 1% |
| Cape Coral | $1,361 | 3% |
| Brandon | $1,317 | 7% |
| Winter Haven | $1,052 | 4% |
| Fort Myers | $1,333 | 3% |