Most Affordable Neighborhoods in Cape Coral, FL

Some of the cheapest neighborhoods in Cape Coral are Jacaranda, Hancock, and Caloosahatchee. These neighborhoods offer some of the lowest rent prices in Cape Coral, making them ideal for renters on a budget. As of April 26, 2025, the average rent in Cape Coral is $1,645, which is 1.9% 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

$1,412/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 $1,412, while the city’s average stands at $1,645.

Hancock

Average Rent

$1,615/Month

Year-Over-Year Rent Change

0.3%

TransitScore® Rating

1/100

Units Available

72 Rentals

Hancock is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hancock is $1,615 while the city average is $1,645. This is a 0.3% difference from last year. Residents enjoy convenient access to Punta Gorda, Hodges University, Fort Myers, and Imaginarium Hands-On Museum & Aquarium. The neighborhood is considered car-dependent with a WalkScore® of 46.

Caloosahatchee

Average Rent

$1,639/Month

Year-Over-Year Rent Change

11%

TransitScore® Rating

0/100

Units Available

43 Rentals

When you’re looking for a great Cape Coral neighborhood on a budget, check out Caloosahatchee. The average rent is $1,639, compared to the city average of $1,645. Rent prices have decreased by 11%. Caloosahatchee is convenient to Four Mile Cove Ecological Preserve, Reflections Park, and Punta Gorda. The community is somewhat walkable with a WalkScore® of 64.

Burnt Store

Average Rent

$1,660/Month

Year-Over-Year Rent Change

7.7%

TransitScore® Rating

0/100

Units Available

50 Rentals

Burnt Store is an affordable neighborhood in Cape Coral with an average rent price of $1,660. Compare this to the city average of $1,645. In the past year, rent prices have decreased by 7.7%. Burnt Store provides easy access to Florida Gulf Coast University, Southwest Florida International, and Florida Southwestern State Col. It’s a car-dependent neighborhood with a WalkScore® of 11.

Trafalgar

Average Rent

$1,753/Month

Year-Over-Year Rent Change

4.2%

TransitScore® Rating

0/100

Units Available

117 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 $1,753, while the city’s average stands at $1,645. In the last year, prices have increased by 4.2%. Trafalgar is near Florida Southwestern State Col, Jaycee Park, and SW Florida Coll., Ft Myers.

Mariner

Average Rent

$1,775/Month

Year-Over-Year Rent Change

0.8%

TransitScore® Rating

0/100

Units Available

151 Rentals

Mariner is a top choice for budget-conscious renters for a variety of reasons. The average rent in Mariner is $1,775 while the city average is $1,645. This is a 0.8% difference from last year. Residents enjoy convenient access to Punta Gorda, Nicholas Retail Center, and Four Mile Cove Ecological Preserve. The neighborhood is considered car-dependent with a WalkScore® of 23.

Pelican

Average Rent

$1,812/Month

Year-Over-Year Rent Change

2.3%

TransitScore® Rating

0/100

Units Available

88 Rentals

When you’re looking for a great Cape Coral neighborhood on a budget, check out Pelican. The average rent is $1,812, compared to the city average of $1,645. Rent prices have decreased by 2.3%. Pelican is convenient to JN Darling National Wildlife Refuge, Southwest Florida International, and Iberia Center. The community is car-dependent with a WalkScore® of 31.

Diplomat

Average Rent

$1,827/Month

Year-Over-Year Rent Change

1.3%

TransitScore® Rating

0/100

Units Available

77 Rentals

Diplomat is an affordable neighborhood in Cape Coral with an average rent price of $1,827. Compare this to the city average of $1,645. In the past year, rent prices have decreased by 1.3%. Diplomat provides easy access to Imaginarium Hands-On Museum & Aquarium, Tamiami Plaza, and Four Mile Cove Ecological Preserve. 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.