Cape Coral-Fort Myers, FL MSA
FY 2026 HUD Fair Market Rents for the Cape Coral-Fort Myers, FL MSA metro area. Population: 772,902.
Fair Market Rents (2026)
Studio
National avg: $893
$1,629/mo
↑ 10.2% YoY
+82% vs US
1 Bedroom
National avg: $959
$1,638/mo
↑ 10.1% YoY
+71% vs US
2 Bedroom
National avg: $1,175
$1,961/mo
↑ 6.4% YoY
+67% vs US
3 Bedroom
National avg: $1,525
$2,560/mo
↑ 5.7% YoY
+68% vs US
4 Bedroom
National avg: $1,756
$2,836/mo
↑ 5.4% YoY
+62% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $1,478 | $1,629 | +$151 (+10.2%) |
| 1 Bedroom | $1,488 | $1,638 | +$150 (+10.1%) |
| 2 Bedroom | $1,843 | $1,961 | +$118 (+6.4%) |
| 3 Bedroom | $2,422 | $2,560 | +$138 (+5.7%) |
| 4 Bedroom | $2,691 | $2,836 | +$145 (+5.4%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$65,520
$5,460/month gross
Required annual income for 2 BR
$78,440
$6,537/month gross
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.