Most Affordable Neighborhoods in Cape Coral, FL

Some of the cheapest neighborhoods in Cape Coral are Jacaranda, Mariner, 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 March 2, 2025, the average rent in Cape Coral is $1,675, which is 6.5% 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.

Jacaranda

Average Rent

$1,468/Month

Units Available

3 Rentals

When you’re looking for a great Cape Coral neighborhood on a budget, check out Jacaranda. The average rent is $1,468, compared to the city average of $1,675.

Mariner

Average Rent

$1,749/Month

Year-Over-Year Rent Change

10.3%

TransitScore® Rating

0/100

Units Available

145 Rentals

Mariner is an affordable neighborhood in Cape Coral with an average rent price of $1,749. Compare this to the city average of $1,675. In the past year, rent prices have decreased by 10.3%. Mariner provides easy access to Edison and Ford Winter Estates, Nicholas Retail Center, and Hodges University, Fort Myers. It’s a car-dependent neighborhood with a WalkScore® of 23.

Burnt Store

Average Rent

$1,757/Month

Year-Over-Year Rent Change

3.8%

TransitScore® Rating

0/100

Units Available

47 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 $1,757, while the city’s average stands at $1,675. In the last year, prices have decreased by 3.8%. Burnt Store is near Hodges University, Fort Myers, Yellow Fever Creek Preserve, and Charlotte Flatwoods Environmental Park.

Trafalgar

Average Rent

$1,768/Month

Year-Over-Year Rent Change

1.6%

TransitScore® Rating

0/100

Units Available

115 Rentals

Trafalgar is a top choice for budget-conscious renters for a variety of reasons. The average rent in Trafalgar is $1,768 while the city average is $1,675. This is a -1.6% difference from last year. Residents enjoy convenient access to Southwest Florida International, Yellow Fever Creek Preserve, and Four Mile Cove Ecological Preserve. The neighborhood is considered car-dependent with a WalkScore® of 27.

Pelican

Average Rent

$1,771/Month

Year-Over-Year Rent Change

16.9%

TransitScore® Rating

0/100

Units Available

91 Rentals

When you’re looking for a great Cape Coral neighborhood on a budget, check out Pelican. The average rent is $1,771, compared to the city average of $1,675. Rent prices have decreased by 16.9%. Pelican is convenient to Reflections Park, Florida Southwestern State Col, and Iberia Center. The community is car-dependent with a WalkScore® of 31.

Caloosahatchee

Average Rent

$1,790/Month

Year-Over-Year Rent Change

5.1%

TransitScore® Rating

0/100

Units Available

44 Rentals

Caloosahatchee is an affordable neighborhood in Cape Coral with an average rent price of $1,790. Compare this to the city average of $1,675. In the past year, rent prices have decreased by 5.1%. Caloosahatchee provides easy access to Florida Southwestern State Col, Villa Court, and Euro Plaza. It’s a somewhat walkable neighborhood with a WalkScore® of 64.

Hancock

Average Rent

$1,931/Month

Year-Over-Year Rent Change

2.4%

TransitScore® Rating

1/100

Units Available

104 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 $1,931, while the city’s average stands at $1,675. In the last year, prices have increased by 2.4%. Hancock is near Cape Plaza, SW Florida Coll., Ft Myers, and Imaginarium Hands-On Museum & Aquarium.

Diplomat

Average Rent

$2,072/Month

Year-Over-Year Rent Change

3%

TransitScore® Rating

0/100

Units Available

90 Rentals

Diplomat is a top choice for budget-conscious renters for a variety of reasons. The average rent in Diplomat is $2,072 while the city average is $1,675. This is a -3% difference from last year. Residents enjoy convenient access to Southwest Florida International, Four Mile Cove Ecological Preserve, and Edison and Ford Winter Estates. The neighborhood is considered car-dependent with a WalkScore® of 26.

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.