Most Affordable Neighborhoods in Cape Coral, FL

Some of the cheapest neighborhoods in Cape Coral are Jacaranda, Burnt Store, and Mariner. These neighborhoods offer some of the lowest rent prices in Cape Coral, making them ideal for renters on a budget. As of March 16, 2025, the average rent in Cape Coral is $1,680, which is 6.2% 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

If you’re looking for a great, affordable neighborhood in Cape Coral, Jacaranda might be the perfect place! It has an average rent price of $1,468, while the city’s average stands at $1,680.

Burnt Store

Average Rent

$1,742/Month

Year-Over-Year Rent Change

5.6%

TransitScore® Rating

0/100

Units Available

50 Rentals

Burnt Store is a top choice for budget-conscious renters for a variety of reasons. The average rent in Burnt Store is $1,742 while the city average is $1,680. This is a -5.6% difference from last year. Residents enjoy convenient access to Punta Gorda, Reflections Park, and Hodges University, Fort Myers. The neighborhood is considered car-dependent with a WalkScore® of 11.

Mariner

Average Rent

$1,750/Month

Year-Over-Year Rent Change

8.9%

TransitScore® Rating

0/100

Units Available

142 Rentals

When you’re looking for a great Cape Coral neighborhood on a budget, check out Mariner. The average rent is $1,750, compared to the city average of $1,680. Rent prices have decreased by 8.9%. Mariner is convenient to Yellow Fever Creek Preserve, SW Florida Coll., Ft Myers, and Reflections Park. The community is car-dependent with a WalkScore® of 23.

Trafalgar

Average Rent

$1,778/Month

Year-Over-Year Rent Change

1.8%

TransitScore® Rating

0/100

Units Available

117 Rentals

Trafalgar is an affordable neighborhood in Cape Coral with an average rent price of $1,778. Compare this to the city average of $1,680. In the past year, rent prices have decreased by 1.8%. Trafalgar provides easy access to Reflections Park, Pine Island Plaza, and Southwest Florida International. It’s a car-dependent neighborhood with a WalkScore® of 27.

Pelican

Average Rent

$1,807/Month

Year-Over-Year Rent Change

17.4%

TransitScore® Rating

0/100

Units Available

94 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 $1,807, while the city’s average stands at $1,680. In the last year, prices have decreased by 17.4%. Pelican is near Florida Southwestern State Col, Iberia Center, and Royal Crown Plaza.

Caloosahatchee

Average Rent

$1,843/Month

Year-Over-Year Rent Change

4.2%

TransitScore® Rating

0/100

Units Available

43 Rentals

Caloosahatchee is a top choice for budget-conscious renters for a variety of reasons. The average rent in Caloosahatchee is $1,843 while the city average is $1,680. This is a -4.2% difference from last year. Residents enjoy convenient access to Reflections Park, Plaza Del 44, and SW Florida Coll., Ft Myers. The neighborhood is considered somewhat walkable with a WalkScore® of 64.

Hancock

Average Rent

$1,926/Month

Year-Over-Year Rent Change

1.6%

TransitScore® Rating

1/100

Units Available

106 Rentals

When you’re looking for a great Cape Coral neighborhood on a budget, check out Hancock. The average rent is $1,926, compared to the city average of $1,680. Rent prices have increased by 1.6%. Hancock is convenient to Hancock Square, Reflections Park, and Florida Southwestern State Col. The community is car-dependent with a WalkScore® of 46.

Diplomat

Average Rent

$2,058/Month

Year-Over-Year Rent Change

3.8%

TransitScore® Rating

0/100

Units Available

94 Rentals

Diplomat is an affordable neighborhood in Cape Coral with an average rent price of $2,058. Compare this to the city average of $1,680. In the past year, rent prices have decreased by 3.8%. Diplomat provides easy access to Edison and Ford Winter Estates, Florida Gulf Coast University, and Shoppes at North Cape. It’s a car-dependent neighborhood 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.