Most Affordable Neighborhoods in Cape Coral, FL
Some of the cheapest neighborhoods in Cape Coral are Jacaranda, Mariner, 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 March 2, 2025, the average rent in Cape Coral is $1,675, which is 6.5% 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
When you’re looking for a great Cape Coral neighborhood on a budget, check out Jacaranda. The average rent is $1,468, compared to the city average of $1,675.
Mariner
Average Rent
$1,749/Month
Year-Over-Year Rent Change
10.3%
TransitScore® Rating
0/100
Units Available
145 Rentals
Mariner is an affordable neighborhood in Cape Coral with an average rent price of $1,749. Compare this to the city average of $1,675. In the past year, rent prices have decreased by 10.3%. Mariner provides easy access to Edison and Ford Winter Estates, Nicholas Retail Center, and Hodges University, Fort Myers. It’s a car-dependent neighborhood with a WalkScore® of 23.
Burnt Store
Average Rent
$1,757/Month
Year-Over-Year Rent Change
3.8%
TransitScore® Rating
0/100
Units Available
47 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 $1,757, while the city’s average stands at $1,675. In the last year, prices have decreased by 3.8%. Burnt Store is near Hodges University, Fort Myers, Yellow Fever Creek Preserve, and Charlotte Flatwoods Environmental Park.
Trafalgar
Average Rent
$1,768/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
0/100
Units Available
115 Rentals
Trafalgar is a top choice for budget-conscious renters for a variety of reasons. The average rent in Trafalgar is $1,768 while the city average is $1,675. This is a -1.6% difference from last year. Residents enjoy convenient access to Southwest Florida International, Yellow Fever Creek Preserve, and Four Mile Cove Ecological Preserve. The neighborhood is considered car-dependent with a WalkScore® of 27.
Pelican
Average Rent
$1,771/Month
Year-Over-Year Rent Change
16.9%
TransitScore® Rating
0/100
Units Available
91 Rentals
When you’re looking for a great Cape Coral neighborhood on a budget, check out Pelican. The average rent is $1,771, compared to the city average of $1,675. Rent prices have decreased by 16.9%. Pelican is convenient to Reflections Park, Florida Southwestern State Col, and Iberia Center. The community is car-dependent with a WalkScore® of 31.
Caloosahatchee
Average Rent
$1,790/Month
Year-Over-Year Rent Change
5.1%
TransitScore® Rating
0/100
Units Available
44 Rentals
Caloosahatchee is an affordable neighborhood in Cape Coral with an average rent price of $1,790. Compare this to the city average of $1,675. In the past year, rent prices have decreased by 5.1%. Caloosahatchee provides easy access to Florida Southwestern State Col, Villa Court, and Euro Plaza. It’s a somewhat walkable neighborhood with a WalkScore® of 64.
Hancock
Average Rent
$1,931/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
1/100
Units Available
104 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 $1,931, while the city’s average stands at $1,675. In the last year, prices have increased by 2.4%. Hancock is near Cape Plaza, SW Florida Coll., Ft Myers, and Imaginarium Hands-On Museum & Aquarium.
Diplomat
Average Rent
$2,072/Month
Year-Over-Year Rent Change
3%
TransitScore® Rating
0/100
Units Available
90 Rentals
Diplomat is a top choice for budget-conscious renters for a variety of reasons. The average rent in Diplomat is $2,072 while the city average is $1,675. This is a -3% difference from last year. Residents enjoy convenient access to Southwest Florida International, Four Mile Cove Ecological Preserve, and Edison and Ford Winter Estates. The neighborhood is considered car-dependent 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.