Most Affordable Neighborhoods in Cape Coral, FL
Some of the cheapest neighborhoods in Cape Coral are Jacaranda, Hancock, 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 April 4, 2025, the average rent in Cape Coral is $1,655, which is 1.4% 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
When you’re looking for a great Cape Coral neighborhood on a budget, check out Jacaranda. The average rent is $1,412, compared to the city average of $1,655.
Hancock
Average Rent
$1,604/Month
Year-Over-Year Rent Change
0.3%
TransitScore® Rating
1/100
Units Available
68 Rentals
Hancock is an affordable neighborhood in Cape Coral with an average rent price of $1,604. Compare this to the city average of $1,655. In the past year, rent prices have decreased by 0.3%. Hancock provides easy access to Cape Plaza, Southwest Florida International, and Edison and Ford Winter Estates. It’s a car-dependent neighborhood with a WalkScore® of 46.
Burnt Store
Average Rent
$1,712/Month
Year-Over-Year Rent Change
6%
TransitScore® Rating
0/100
Units Available
49 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 $1,712, while the city’s average stands at $1,655. In the last year, prices have decreased by 6%. Burnt Store is near Hodges University, Fort Myers, Southwest Florida International, and Yellow Fever Creek Preserve.
Trafalgar
Average Rent
$1,755/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
0/100
Units Available
116 Rentals
Trafalgar is a top choice for budget-conscious renters for a variety of reasons. The average rent in Trafalgar is $1,755 while the city average is $1,655. This is a 3.2% difference from last year. Residents enjoy convenient access to Yellow Fever Creek Preserve, Florida Gulf Coast University, and Southwest Florida International. The neighborhood is considered car-dependent with a WalkScore® of 27.
Mariner
Average Rent
$1,774/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
0/100
Units Available
135 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Mariner. The average rent is $1,774, compared to the city average of $1,655. Rent prices have increased by 1%. Mariner is convenient to Jaycee Park, Edison and Ford Winter Estates, and Yellow Fever Creek Preserve. The community is car-dependent with a WalkScore® of 23.
Caloosahatchee
Average Rent
$1,787/Month
Year-Over-Year Rent Change
7.5%
TransitScore® Rating
0/100
Units Available
40 Rentals
Caloosahatchee is an affordable neighborhood in Cape Coral with an average rent price of $1,787. Compare this to the city average of $1,655. In the past year, rent prices have decreased by 7.5%. Caloosahatchee provides easy access to Villa Court, Southwest Florida International, and Hodges University, Fort Myers. It’s a somewhat walkable neighborhood with a WalkScore® of 64.
Diplomat
Average Rent
$1,792/Month
Year-Over-Year Rent Change
1.4%
TransitScore® Rating
0/100
Units Available
77 Rentals
If you’re looking for a great, affordable neighborhood in Cape Coral, Diplomat might be the perfect place! It has an average rent price of $1,792, while the city’s average stands at $1,655. In the last year, prices have decreased by 1.4%. Diplomat is near Punta Gorda, SW Florida Coll., Ft Myers, and Florida Southwestern State Col.
Pelican
Average Rent
$1,796/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
0/100
Units Available
90 Rentals
Pelican is a top choice for budget-conscious renters for a variety of reasons. The average rent in Pelican is $1,796 while the city average is $1,655. This is a -3.6% difference from last year. Residents enjoy convenient access to SW Florida Coll., Ft Myers, Royal Crown Plaza, and JN Darling National Wildlife Refuge. The neighborhood is considered car-dependent with a WalkScore® of 31.
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.