Cape Coral, Florida Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Cape Coral, Florida rental market.
Cape Coral, Florida
Average Apartment Rent
$1,697
Y-o-Y Change in Average
Apartment Rent
-7.5%
As of May 2026
Compared to a year ago, Cape Coral, Florida apartments have recorded a -7.5% rent decrease.
Cape Coral, Florida Average apartment rent trend
Cape Coral, Florida Average Apartment Rent
Cape Coral, Florida Apartment rent ranges
At 53.77%, apartments priced $1,500 - $2,000 represent the bulk of Cape Coral, Florida rentals, while condos priced Over $3,000 hold the lowest share of the market – 0.56%.
Cape Coral, Florida Housing tenure**
Renters take up 23% of Cape Coral, Florida real estate, occupying a total of 17,346 units, while homeowners live in 59,536 properties.
Median number of rooms of renter-occupied housing units**
4.9
Renter median household income**
$55,683
Average household size of renter-occupied housing units**
2.68
Rental vacancy rate**
6.2%
Cape Coral, Florida Renter-occupied housing units by no. of bedrooms**
There are 8,395 rentals in Cape Coral, Florida with 3 beds making up the highest share of the market, at 48%. Units with 5 or more beds, on the other hand, hold the lowest percentage (1%), amounting to 89 units. Overall, the median number of rooms in Cape Coral, Florida homes for rent is 4.9.
Cape Coral, Florida Renter-occupied units by age of householder**
Most condos for rent in Cape Coral, Florida are occupied by residents in the 45 - 54 years age group (22%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Cape Coral, Florida Renter-occupied housing units by family type**
Cape Coral, Florida Renter-occupied housing units by the presence of own children**
A total of 10,541 apartments for rent in Cape Coral, Florida, or 61% of all rentals are family households. Additionally, 32% of rental homes include children under the age of 18 – that’s 5,539 units. All in all, the median size of a renter-occupied household in Cape Coral, Florida is 2.68.
Cape Coral, Florida Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 20% of the rental market. In contrast, residents with less than a high school degree reside in 7% of the homes for rent in Cape Coral, Florida.
Cape Coral, Florida Renter-occupied units by year structure built**
The highest share of Cape Coral, Florida apartment rentals, namely 25% or 4,339 units, were Built 2000 - 2009, followed by those Built 1980 - 1989 (22%, 3,884 units), and the ones Built 1990 - 1999 (21%, 3,690 units).
Cape Coral, Florida Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Cape Coral, Florida renters (43%) moved in 2010 to 2017, while only 2% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Cape Coral, Florida condos for rent is 2018.
Cape Coral, Florida Renter-occupied housing units by vehicles available**
When it comes to transportation options, 44% of Cape Coral, Florida renters have 1 vehicle available per household, 38% of them have 2 vehicles available, and 7% have No vehicle available.
Cape Coral, Florida Means of transportation to work of householders living in renter-occupied housing units**
Cape Coral, Florida Geographical mobility in the past year for householders living in renter-occupied housing units**
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Cape Coral, Florida apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2022 American Community Survey 5-Year Estimates
