Most Affordable Neighborhoods in Cape Coral, FL
Some of the cheapest neighborhoods in Cape Coral are Burnt Store, Pelican, and Trafalgar. These neighborhoods offer some of the lowest rent prices in Cape Coral, making them ideal for renters on a budget. As of January 27, 2025, the average rent in Cape Coral is $1,644, which is 8.4% 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.
Burnt Store
Average Rent
$1,750/Month
Year-Over-Year Rent Change
3.8%
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 $1,750 while the city average is $1,644. This is a -3.8% difference from last year. Residents enjoy convenient access to Coral Shores, Yellow Fever Creek Preserve, and Punta Gorda. The neighborhood is considered car-dependent with a WalkScore® of 11.
Pelican
Average Rent
$1,752/Month
Year-Over-Year Rent Change
18.6%
TransitScore® Rating
0/100
Units Available
90 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Pelican. The average rent is $1,752, compared to the city average of $1,644. Rent prices have decreased by 18.6%. Pelican is convenient to Florida Southwestern State Col, Hodges University, Fort Myers, and Florida Gulf Coast University. The community is car-dependent with a WalkScore® of 31.
Trafalgar
Average Rent
$1,761/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
0/100
Units Available
119 Rentals
Trafalgar is an affordable neighborhood in Cape Coral with an average rent price of $1,761. Compare this to the city average of $1,644. In the past year, rent prices have decreased by 2.2%. Trafalgar provides easy access to Coral Shores, Punta Gorda, and SW Florida Coll., Ft Myers. It’s a car-dependent neighborhood with a WalkScore® of 27.
Caloosahatchee
Average Rent
$1,796/Month
Year-Over-Year Rent Change
5.7%
TransitScore® Rating
0/100
Units Available
46 Rentals
If you’re looking for a great, affordable neighborhood in Cape Coral, Caloosahatchee might be the perfect place! It has an average rent price of $1,796, while the city’s average stands at $1,644. In the last year, prices have decreased by 5.7%. Caloosahatchee is near Four Mile Cove Ecological Preserve, SW Florida Coll., Ft Myers, and Jaycee Park.
Mariner
Average Rent
$1,801/Month
Year-Over-Year Rent Change
10.4%
TransitScore® Rating
0/100
Units Available
126 Rentals
Mariner is a top choice for budget-conscious renters for a variety of reasons. The average rent in Mariner is $1,801 while the city average is $1,644. This is a -10.4% difference from last year. Residents enjoy convenient access to Nicholas Retail Center, Yellow Fever Creek Preserve, and Reflections Park. The neighborhood is considered car-dependent with a WalkScore® of 23.
Hancock
Average Rent
$1,972/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
1/100
Units Available
108 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Hancock. The average rent is $1,972, compared to the city average of $1,644. Rent prices have decreased by 2.2%. Hancock is convenient to Florida Southwestern State Col, Cape Plaza, and Hodges University, Fort Myers. The community is car-dependent with a WalkScore® of 46.
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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.