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 August 6, 2026, the average rent in Cape Coral is $1,472, which is 4.7% 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
$1,374/Month
Year-Over-Year Rent Change
12.4%
Units Available
113 Rentals
Hancock is an affordable neighborhood in Cape Coral with an average rent price of $1,374. Compare this to the city average of $1,472. In the past year, rent prices have decreased by 12.4%. Hancock provides easy access to Punta Gorda, Hodges University, Fort Myers, and Imaginarium Hands-On Museum & Aquarium.
Trafalgar
Average Rent
$1,423/Month
Year-Over-Year Rent Change
0.1%
Units Available
74 Rentals
If you’re looking for a great, affordable neighborhood in Cape Coral, Trafalgar might be the perfect place! It has an average rent price of $1,423, while the city’s average stands at $1,472. In the last year, prices have decreased by 0.1%. Trafalgar is near Reflections Park, Four Mile Cove Ecological Preserve, and Shops at Surfside.
Burnt Store
Average Rent
$1,429/Month
Year-Over-Year Rent Change
13.5%
Units Available
44 Rentals
Burnt Store is a top choice for budget-conscious renters for a variety of reasons. The average rent in Burnt Store is $1,429 while the city average is $1,472. This is a -13.5% difference from last year. Residents enjoy convenient access to Hodges University, Fort Myers, Southwest Florida International, and 4548 Pine Island Rd.
Market Square District
Average Rent
$1,472/Month
Units Available
29 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Market Square District. The average rent is $1,472, compared to the city average of $1,472. Market Square District is convenient to Hodges University, Fort Myers, 925-927 Cape Coral Pky E, and Southwest Florida International.
Pelican
Average Rent
$1,511/Month
Year-Over-Year Rent Change
14.1%
Units Available
62 Rentals
Pelican is an affordable neighborhood in Cape Coral with an average rent price of $1,511. Compare this to the city average of $1,472. In the past year, rent prices have decreased by 14.1%. Pelican provides easy access to Four Mile Cove Ecological Preserve, JN Darling National Wildlife Refuge, and Jaycee Park.
Diplomat
Average Rent
$1,548/Month
Year-Over-Year Rent Change
3.4%
Units Available
140 Rentals
If you’re looking for a great, affordable neighborhood in Cape Coral, Diplomat might be the perfect place! It has an average rent price of $1,548, while the city’s average stands at $1,472. In the last year, prices have decreased by 3.4%. Diplomat is near Paraiso at North Cape, Punta Gorda, and Imaginarium Hands-On Museum & Aquarium.
Isles - Porto Vista Condominiums
Average Rent
$1,603/Month
Units Available
14 Rentals
Isles - Porto Vista Condominiums is a top choice for budget-conscious renters for a variety of reasons. The average rent in Isles - Porto Vista Condominiums is $1,603 while the city average is $1,472. Residents enjoy convenient access to Florida Gulf Coast University, Punta Gorda, and Shoppes at Del Prado.
Mariner
Average Rent
$1,626/Month
Year-Over-Year Rent Change
1%
Units Available
101 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Mariner. The average rent is $1,626, compared to the city average of $1,472. Rent prices have increased by 1%. Mariner is convenient to SW Florida Coll., Ft Myers, Hodges University, Fort Myers, and Jaycee Park.
The Villages at Entrada
Average Rent
$1,659/Month
Units Available
12 Rentals
The Villages at Entrada is an affordable neighborhood in Cape Coral with an average rent price of $1,659. Compare this to the city average of $1,472. The Villages at Entrada provides easy access to Yellow Fever Creek Preserve, Edison and Ford Winter Estates, and Charlotte Flatwoods Environmental Park.
Caloosahatchee
Average Rent
$1,697/Month
Year-Over-Year Rent Change
6.8%
Units Available
82 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 $1,697, while the city’s average stands at $1,472. In the last year, prices have decreased by 6.8%. Caloosahatchee is near Four Mile Cove Ecological Preserve, SW Florida Coll., Ft Myers, and 4418-4420 Del Prado Blvd S.
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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.