Cheapest Neighborhoods in Cape Coral, FL
Some of the cheapest neighborhoods in Cape Coral are Trafalgar, Burnt Store, and Hancock. These neighborhoods offer some of the lowest rent prices in Cape Coral, making them ideal for renters on a budget. As of June 22, 2026, the average rent in Cape Coral is $1,500, which is 5.7% 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.
Trafalgar
Average Rent
$1,434/Month
Year-Over-Year Rent Change
9.8%
Units Available
78 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Trafalgar. The average rent is $1,434, compared to the city average of $1,500. Rent prices have decreased by 9.8%. Trafalgar is convenient to Jaycee Park, Hodges University, Fort Myers, and Pine Island Plaza.
Burnt Store
Average Rent
$1,439/Month
Year-Over-Year Rent Change
14.9%
Units Available
44 Rentals
Burnt Store is an affordable neighborhood in Cape Coral with an average rent price of $1,439. Compare this to the city average of $1,500. In the past year, rent prices have decreased by 14.9%. Burnt Store provides easy access to Shops at Del Mar, Florida Gulf Coast University, and Yellow Fever Creek Preserve.
Hancock
Average Rent
$1,445/Month
Year-Over-Year Rent Change
11%
Units Available
98 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 $1,445, while the city’s average stands at $1,500. In the last year, prices have decreased by 11%. Hancock is near Punta Gorda, Imaginarium Hands-On Museum & Aquarium, and Tiffany Square.
Pelican
Average Rent
$1,520/Month
Year-Over-Year Rent Change
2.2%
Units Available
67 Rentals
Pelican is a top choice for budget-conscious renters for a variety of reasons. The average rent in Pelican is $1,520 while the city average is $1,500. This is a -2.2% difference from last year. Residents enjoy convenient access to Southwest Florida International, Rotary Park Environmental Center, and Florida Gulf Coast University.
Diplomat
Average Rent
$1,599/Month
Year-Over-Year Rent Change
1.9%
Units Available
115 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Diplomat. The average rent is $1,599, compared to the city average of $1,500. Rent prices have decreased by 1.9%. Diplomat is convenient to Four Mile Cove Ecological Preserve, Imaginarium Hands-On Museum & Aquarium, and Shoppes at North Cape.
Mariner
Average Rent
$1,616/Month
Year-Over-Year Rent Change
5.2%
Units Available
101 Rentals
Mariner is an affordable neighborhood in Cape Coral with an average rent price of $1,616. Compare this to the city average of $1,500. In the past year, rent prices have decreased by 5.2%. Mariner provides easy access to Florida Southwestern State Col, Edison and Ford Winter Estates, and Jaycee Park.
Caloosahatchee
Average Rent
$1,746/Month
Year-Over-Year Rent Change
7.2%
Units Available
87 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 $1,746, while the city’s average stands at $1,500. In the last year, prices have decreased by 7.2%. Caloosahatchee is near Hodges University, Fort Myers, Plaza Del 44, and Villa Court.
Ready to make your move to Cape Coral? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.