Most Affordable Neighborhoods in Cape Coral, FL
Some of the cheapest neighborhoods in Cape Coral are Pelican, 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 December 27, 2024, the average rent in Cape Coral is $1,654, which is 7.6% 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
$1,726/Month
Year-Over-Year Rent Change
16.8%
TransitScore® Rating
0/100
Units Available
65 Rentals
Pelican is an affordable neighborhood in Cape Coral with an average rent price of $1,726. Compare this to the city average of $1,654. In the past year, rent prices have decreased by 16.8%. Pelican provides easy access to Royal Crown Plaza, Jaycee Park, and Punta Gorda. It’s a car-dependent neighborhood with a WalkScore® of 31.
Trafalgar
Average Rent
$1,729/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
0/100
Units Available
75 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 $1,729, while the city’s average stands at $1,654. In the last year, prices have decreased by 0.5%. Trafalgar is near Hodges University, Fort Myers, Jaycee Park, and Yellow Fever Creek Preserve.
Burnt Store
Average Rent
$1,756/Month
Year-Over-Year Rent Change
2.3%
TransitScore® Rating
0/100
Units Available
46 Rentals
Burnt Store is a top choice for budget-conscious renters for a variety of reasons. The average rent in Burnt Store is $1,756 while the city average is $1,654. This is a -2.3% difference from last year. Residents enjoy convenient access to Punta Gorda, Hodges University, Fort Myers, and Charlotte Flatwoods Environmental Park. The neighborhood is considered car-dependent with a WalkScore® of 11.
Mariner
Average Rent
$1,792/Month
Year-Over-Year Rent Change
11.2%
TransitScore® Rating
0/100
Units Available
130 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Mariner. The average rent is $1,792, compared to the city average of $1,654. Rent prices have decreased by 11.2%. Mariner is convenient to Jaycee Park, Pine Island Marketplace, and Yellow Fever Creek Preserve. The community is car-dependent with a WalkScore® of 23.
Caloosahatchee
Average Rent
$1,855/Month
Year-Over-Year Rent Change
5.7%
TransitScore® Rating
0/100
Units Available
43 Rentals
Caloosahatchee is an affordable neighborhood in Cape Coral with an average rent price of $1,855. Compare this to the city average of $1,654. In the past year, rent prices have decreased by 5.7%. Caloosahatchee provides easy access to Villa Court, Punta Gorda, and Four Mile Cove Ecological Preserve. It’s a somewhat walkable neighborhood with a WalkScore® of 64.
Hancock
Average Rent
$1,987/Month
Year-Over-Year Rent Change
3.7%
TransitScore® Rating
1/100
Units Available
113 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 $1,987, while the city’s average stands at $1,654. In the last year, prices have decreased by 3.7%. Hancock is near Cape Plaza, Florida Southwestern State Col, and Four Mile Cove Ecological Preserve.
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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.