The Cove at 47th
870 SE 47th Ter,
Cape Coral, FL 33904
$1,135 - $2,365
Studio - 3 Beds
Nestled on the western banks of its namesake river, Caloosahatchee is the heart of Cape Coral. Caloosahatchee offers plenty of apartments, condos, townhomes, and houses available for rent in a tranquil environment. Canals are strewn throughout the community, affording many residents waterfront views from their rentals.
Although the community is largely residential, Cape Coral Parkway runs through the city center, brimming with a range of restaurants, shops, cafes, and bars. There are also numerous restaurants strewn along Del Prado Boulevard in the eastern portion of the community. Nearby Fort Myers provides even more to explore close to home.
As of January 2026, the average apartment rent in Caloosahatchee is $1,455 for a studio, $1,543 for one bedroom, $1,939 for two bedrooms, and $3,255 for three bedrooms. Apartment rent in Caloosahatchee has decreased by -12.6% in the past year.
Studio
543 sq ft
Average Sq Ft
$1,455/month
Average Rent
1 BR
713 sq ft
Average Sq Ft
$1,543/month
Average Rent
2 BR
994 sq ft
Average Sq Ft
$1,939/month
Average Rent
3 BR
1,400 sq ft
Average Sq Ft
$3,255/month
Average Rent
Somewhat Walkable
out of 100 WalkScore® Rating
You might be able to get out and walk when living in this area. Some errands can be accomplished on foot, but for others you’ll need a car.
Bikeable
out of 100 BikeScore® Rating
While there’s some bike infrastructure in this area, you’ll still need a car for many errands.
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† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.