Best Affordable Neighborhoods in Cape Coral, FL
Some of the cheapest neighborhoods in Cape Coral are Pelican, Hancock, and Trafalgar. These neighborhoods offer some of the lowest rent prices in Cape Coral, making them ideal for renters on a budget. As of February 6, 2026, the average rent in Cape Coral is $1,520, which is 11.1% 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.
Pelican
Average Rent
$1,454/Month
Year-Over-Year Rent Change
10.7%
TransitScore® Rating
0/100
Units Available
96 Rentals
Pelican is an affordable neighborhood in Cape Coral with an average rent price of $1,454. Compare this to the city average of $1,520. In the past year, rent prices have decreased by 10.7%. Pelican provides easy access to Jaycee Park, Hodges University, Fort Myers, and Reflections Park. It’s a car-dependent neighborhood with a WalkScore® of 31.
Hancock
Average Rent
$1,475/Month
Year-Over-Year Rent Change
7.4%
TransitScore® Rating
1/100
Units Available
87 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 $1,475, while the city’s average stands at $1,520. In the last year, prices have decreased by 7.4%. Hancock is near Hodges University, Fort Myers, Edison and Ford Winter Estates, and Yellow Fever Creek Preserve.
Trafalgar
Average Rent
$1,488/Month
Year-Over-Year Rent Change
14.8%
TransitScore® Rating
0/100
Units Available
106 Rentals
Trafalgar is a top choice for budget-conscious renters for a variety of reasons. The average rent in Trafalgar is $1,488 while the city average is $1,520. This is a -14.8% difference from last year. Residents enjoy convenient access to Yellow Fever Creek Preserve, SW Florida Coll., Ft Myers, and Pine Island Plaza. The neighborhood is considered car-dependent with a WalkScore® of 27.
Mariner
Average Rent
$1,550/Month
Year-Over-Year Rent Change
13.2%
TransitScore® Rating
0/100
Units Available
138 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Mariner. The average rent is $1,550, compared to the city average of $1,520. Rent prices have decreased by 13.2%. Mariner is convenient to Florida Gulf Coast University, Punta Gorda, and Nicholas Retail Center. The community is car-dependent with a WalkScore® of 23.
Diplomat
Average Rent
$1,640/Month
Year-Over-Year Rent Change
7.7%
TransitScore® Rating
0/100
Units Available
106 Rentals
Diplomat is an affordable neighborhood in Cape Coral with an average rent price of $1,640. Compare this to the city average of $1,520. In the past year, rent prices have decreased by 7.7%. Diplomat provides easy access to Paraiso at North Cape, Yellow Fever Creek Preserve, and Shoppes at North Cape. It’s a car-dependent neighborhood with a WalkScore® of 26.
Burnt Store
Average Rent
$1,653/Month
Year-Over-Year Rent Change
9.8%
TransitScore® Rating
0/100
Units Available
45 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 $1,653, while the city’s average stands at $1,520. In the last year, prices have decreased by 9.8%. Burnt Store is near Yellow Fever Creek Preserve, Southwest Florida International, and Florida Gulf Coast University.
The Villages at Entrada
Average Rent
$1,702/Month
TransitScore® Rating
0/100
Units Available
13 Rentals
The Villages at Entrada is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Villages at Entrada is $1,702 while the city average is $1,520. Residents enjoy convenient access to Tamiami Plaza, Imaginarium Hands-On Museum & Aquarium, and Southwest Florida International. The neighborhood is considered car-dependent with a WalkScore® of 13.
Caloosahatchee
Average Rent
$1,844/Month
Year-Over-Year Rent Change
12.1%
TransitScore® Rating
0/100
Units Available
122 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Caloosahatchee. The average rent is $1,844, compared to the city average of $1,520. Rent prices have decreased by 12.1%. Caloosahatchee is convenient to Florida Southwestern State Col, Hodges University, Fort Myers, and Plaza Del 44. The community is somewhat walkable 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.