Most Affordable Neighborhoods in Cape Coral, FL
Some of the cheapest neighborhoods in Cape Coral are Hancock, Caloosahatchee, 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 June 22, 2025, the average rent in Cape Coral is $1,555, which is 7.7% 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
$1,501/Month
Year-Over-Year Rent Change
7.7%
TransitScore® Rating
1/100
Units Available
70 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 $1,501, while the city’s average stands at $1,555. In the last year, prices have decreased by 7.7%. Hancock is near Punta Gorda, Reflections Park, and Edison and Ford Winter Estates.
Caloosahatchee
Average Rent
$1,618/Month
Year-Over-Year Rent Change
13.1%
TransitScore® Rating
0/100
Units Available
55 Rentals
Caloosahatchee is a top choice for budget-conscious renters for a variety of reasons. The average rent in Caloosahatchee is $1,618 while the city average is $1,555. This is a -13.1% difference from last year. Residents enjoy convenient access to Southwest Florida International, Euro Plaza, and Jaycee Park. The neighborhood is considered somewhat walkable with a WalkScore® of 64.
Burnt Store
Average Rent
$1,643/Month
Year-Over-Year Rent Change
7.9%
TransitScore® Rating
0/100
Units Available
51 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Burnt Store. The average rent is $1,643, compared to the city average of $1,555. Rent prices have decreased by 7.9%. Burnt Store is convenient to Yellow Fever Creek Preserve, Four Mile Cove Ecological Preserve, and Charlotte Flatwoods Environmental Park. The community is car-dependent with a WalkScore® of 11.
Market Square District
Average Rent
$1,661/Month
TransitScore® Rating
0/100
Units Available
36 Rentals
Market Square District is an affordable neighborhood in Cape Coral with an average rent price of $1,661. Compare this to the city average of $1,555. Market Square District provides easy access to Cape Coral Town Center, SW Florida Coll., Ft Myers, and Downtown Cape Coral Development. It’s a walkable neighborhood with a WalkScore® of 79.
Mariner
Average Rent
$1,670/Month
Year-Over-Year Rent Change
4.1%
TransitScore® Rating
0/100
Units Available
215 Rentals
If you’re looking for a great, affordable neighborhood in Cape Coral, Mariner might be the perfect place! It has an average rent price of $1,670, while the city’s average stands at $1,555. In the last year, prices have decreased by 4.1%. Mariner is near Jaycee Park, SW Florida Coll., Ft Myers, and Yellow Fever Creek Preserve.
Diplomat
Average Rent
$1,679/Month
Year-Over-Year Rent Change
7.2%
TransitScore® Rating
0/100
Units Available
78 Rentals
Diplomat is a top choice for budget-conscious renters for a variety of reasons. The average rent in Diplomat is $1,679 while the city average is $1,555. This is a -7.2% difference from last year. Residents enjoy convenient access to Punta Gorda, Florida Southwestern State Col, and Edison and Ford Winter Estates. The neighborhood is considered car-dependent with a WalkScore® of 26.
Club Square District
Average Rent
$1,699/Month
TransitScore® Rating
0/100
Units Available
31 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Club Square District. The average rent is $1,699, compared to the city average of $1,555. Club Square District is convenient to Four Mile Cove Ecological Preserve, Southwest Florida International, and Punta Gorda. The community is walkable with a WalkScore® of 80.
Trafalgar
Average Rent
$1,722/Month
Year-Over-Year Rent Change
6.7%
TransitScore® Rating
0/100
Units Available
106 Rentals
Trafalgar is an affordable neighborhood in Cape Coral with an average rent price of $1,722. Compare this to the city average of $1,555. In the past year, rent prices have decreased by 6.7%. Trafalgar provides easy access to Yellow Fever Creek Preserve, SW Florida Coll., Ft Myers, and Southwest Florida International. It’s a car-dependent neighborhood with a WalkScore® of 27.
Pelican
Average Rent
$1,733/Month
Year-Over-Year Rent Change
11.4%
TransitScore® Rating
0/100
Units Available
81 Rentals
If you’re looking for a great, affordable neighborhood in Cape Coral, Pelican might be the perfect place! It has an average rent price of $1,733, while the city’s average stands at $1,555. In the last year, prices have decreased by 11.4%. Pelican is near Southwest Florida International, JN Darling National Wildlife Refuge, and SW Florida Coll., Ft Myers.
Heatherwood Lakes
Average Rent
$1,836/Month
Units Available
41 Rentals
Heatherwood Lakes is a top choice for budget-conscious renters for a variety of reasons. The average rent in Heatherwood Lakes is $1,836 while the city average is $1,555. Residents enjoy convenient access to Reflections Park, Punta Gorda, and Yellow Fever Creek Preserve.
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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.