Cheapest Neighborhoods in Cape Coral, FL
Some of the cheapest neighborhoods in Cape Coral are Hancock, Trafalgar, and Burnt Store. These neighborhoods offer some of the lowest rent prices in Cape Coral, making them ideal for renters on a budget. As of September 21, 2026, the average rent in Cape Coral is $1,455, which is 5.2% 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
$1,379/Month
Year-Over-Year Rent Change
15.3%
Units Available
116 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Hancock. The average rent is $1,379, compared to the city average of $1,455. Rent prices have decreased by 15.3%. Hancock is convenient to Punta Gorda, Tiffany Square, and Moderna Plaza.
Trafalgar
Average Rent
$1,444/Month
Year-Over-Year Rent Change
0.9%
Units Available
86 Rentals
Trafalgar is an affordable neighborhood in Cape Coral with an average rent price of $1,444. Compare this to the city average of $1,455. In the past year, rent prices have increased by 0.9%. Trafalgar provides easy access to Jaycee Park, Hodges University, Fort Myers, and Florida Gulf Coast University.
Burnt Store
Average Rent
$1,462/Month
Year-Over-Year Rent Change
11.7%
Units Available
42 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 $1,462, while the city’s average stands at $1,455. In the last year, prices have decreased by 11.7%. Burnt Store is near SW Florida Coll., Ft Myers, Charlotte Flatwoods Environmental Park, and Yellow Fever Creek Preserve.
Pelican
Average Rent
$1,493/Month
Year-Over-Year Rent Change
11.1%
Units Available
72 Rentals
Pelican is a top choice for budget-conscious renters for a variety of reasons. The average rent in Pelican is $1,493 while the city average is $1,455. This is a -11.1% difference from last year. Residents enjoy convenient access to Four Mile Cove Ecological Preserve, Camelot Isles Shopping Center, and Iberia Center.
Diplomat
Average Rent
$1,512/Month
Year-Over-Year Rent Change
3.6%
Units Available
169 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Diplomat. The average rent is $1,512, compared to the city average of $1,455. Rent prices have decreased by 3.6%. Diplomat is convenient to Hodges University, Fort Myers, Imaginarium Hands-On Museum & Aquarium, and Shoppes at North Cape.
Mariner
Average Rent
$1,540/Month
Year-Over-Year Rent Change
3.2%
Units Available
95 Rentals
Mariner is an affordable neighborhood in Cape Coral with an average rent price of $1,540. Compare this to the city average of $1,455. In the past year, rent prices have decreased by 3.2%. Mariner provides easy access to Four Mile Cove Ecological Preserve, Jaycee Park, and Pine Island Marketplace.
Caloosahatchee
Average Rent
$1,695/Month
Year-Over-Year Rent Change
6.7%
Units Available
80 Rentals
If you’re looking for a great, affordable neighborhood in Cape Coral, Caloosahatchee might be the perfect place! It has an average rent price of $1,695, while the city’s average stands at $1,455. In the last year, prices have decreased by 6.7%. Caloosahatchee is near Jaycee Park, Florida Southwestern State Col, and Southwest Florida International.
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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.