Average Rent in Cape Coral-Fort Myers, FL
The Fair Market Rent for a 2-bedroom in Cape Coral-Fort Myers, FL is $1,961 per month, based on HUD data. With a median household income of $73,099, a household would spend 32.2% of income on housing at Fair Market Rent. Rent has increased 16.9% year over year. The national median 2BR FMR is $1,250/mo for comparison.
Fair Market Rent by Bedroom
| Size | Monthly FMR |
|---|---|
| Studio | $1,629 |
| 1 Bedroom | $1,638 |
| 2 Bedroom | $1,961 |
| 3 Bedroom | $2,560 |
| 4 Bedroom | $2,836 |
Affordability
| Metric | Value |
|---|---|
| Median Household Income | $73,099 |
| Rent Burden (2BR FMR / Income) | 32.2% |
| Income Needed for 2BR (30% rule) | $78,440/yr |