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.
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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.