Best Affordable Neighborhoods in Cape Coral, FL
Some of the cheapest neighborhoods in Cape Coral are Hancock, Trafalgar, and Pelican. These neighborhoods offer some of the lowest rent prices in Cape Coral, making them ideal for renters on a budget. As of December 23, 2025, the average rent in Cape Coral is $1,526, which is 9.7% lower than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Hancock
Average Rent
$1,447/Month
Year-Over-Year Rent Change
7.7%
TransitScore® Rating
1/100
Units Available
82 Rentals
If you’re looking for a great, affordable neighborhood in Cape Coral, Hancock might be the perfect place! It has an average rent price of $1,447, while the city’s average stands at $1,526. In the last year, prices have decreased by 7.7%. Hancock is near Edison and Ford Winter Estates, SW Florida Coll., Ft Myers, and Lochmoor Plaza.
Trafalgar
Average Rent
$1,502/Month
Year-Over-Year Rent Change
14.1%
TransitScore® Rating
0/100
Units Available
110 Rentals
Trafalgar is a top choice for budget-conscious renters for a variety of reasons. The average rent in Trafalgar is $1,502 while the city average is $1,526. This is a -14.1% difference from last year. Residents enjoy convenient access to Shops at Surfside, Hodges University, Fort Myers, and Punta Gorda. The neighborhood is considered car-dependent with a WalkScore® of 27.
Pelican
Average Rent
$1,518/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
0/100
Units Available
86 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Pelican. The average rent is $1,518, compared to the city average of $1,526. Rent prices have decreased by 0.1%. Pelican is convenient to Southwest Florida International, Four Mile Cove Ecological Preserve, and JN Darling National Wildlife Refuge. The community is car-dependent with a WalkScore® of 31.
Mariner
Average Rent
$1,544/Month
Year-Over-Year Rent Change
13.9%
TransitScore® Rating
0/100
Units Available
145 Rentals
Mariner is an affordable neighborhood in Cape Coral with an average rent price of $1,544. Compare this to the city average of $1,526. In the past year, rent prices have decreased by 13.9%. Mariner provides easy access to Four Mile Cove Ecological Preserve, Florida Southwestern State Col, and Edison and Ford Winter Estates. It’s a car-dependent neighborhood with a WalkScore® of 23.
Burnt Store
Average Rent
$1,632/Month
Year-Over-Year Rent Change
16.5%
TransitScore® Rating
0/100
Units Available
48 Rentals
If you’re looking for a great, affordable neighborhood in Cape Coral, Burnt Store might be the perfect place! It has an average rent price of $1,632, while the city’s average stands at $1,526. In the last year, prices have decreased by 16.5%. Burnt Store is near Coral Shores, SW Florida Coll., Ft Myers, and Four Mile Cove Ecological Preserve.
Diplomat
Average Rent
$1,688/Month
Year-Over-Year Rent Change
8.4%
TransitScore® Rating
0/100
Units Available
93 Rentals
Diplomat is a top choice for budget-conscious renters for a variety of reasons. The average rent in Diplomat is $1,688 while the city average is $1,526. This is a -8.4% difference from last year. Residents enjoy convenient access to Reflections Park, Florida Gulf Coast University, and Paraiso at North Cape. The neighborhood is considered car-dependent with a WalkScore® of 26.
The Villages at Entrada
Average Rent
$1,703/Month
TransitScore® Rating
0/100
Units Available
13 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out The Villages at Entrada. The average rent is $1,703, compared to the city average of $1,526. The Villages at Entrada is convenient to Florida Southwestern State Col, Imaginarium Hands-On Museum & Aquarium, and Charlotte Flatwoods Environmental Park. The community is car-dependent with a WalkScore® of 13.
Caloosahatchee
Average Rent
$1,929/Month
Year-Over-Year Rent Change
10.2%
TransitScore® Rating
0/100
Units Available
117 Rentals
Caloosahatchee is an affordable neighborhood in Cape Coral with an average rent price of $1,929. Compare this to the city average of $1,526. In the past year, rent prices have decreased by 10.2%. Caloosahatchee provides easy access to Florida Southwestern State Col, Florida Gulf Coast University, and Rotary Park Environmental Center. It’s a somewhat walkable neighborhood with a WalkScore® of 64.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.