Cape at Savona Point
1730 Savona Point Cir,
Cape Coral, FL 33914
$1,315 - $2,948
1-3 Beds
Welcome to Cape Coral, Florida, where an impressive network of over 400 miles of navigable waterways creates a distinctive coastal living experience. This waterfront city offers diverse rental options, from canal-front homes to contemporary communities, with current average rents ranging from $1,552 for studios to $2,299 for three-bedroom units. While the rental market has seen a slight cooling trend with rates decreasing around 6-7% for most unit types over the past year, the city continues to draw residents with its abundant outdoor activities and convenient amenities.
Life in Cape Coral centers on outdoor recreation and natural beauty. The Four Mile Cove Ecological Preserve offers elevated nature trails through Florida mangroves, while SunSplash Family Waterpark provides seasonal entertainment. The city is home to Florida's largest population of burrowing owls, making wildlife viewing a common occurrence. Cape Coral's location provides access to Gulf beaches, and the Yacht Club Community Park features a sandy beach and fishing pier along the Caloosahatchee River. Notable areas include the southwest Cape, the established Yacht Club neighborhood, and the expanding north Cape. Since its establishment in 1957, this planned community has grown from a small development into a thriving city that combines waterfront living with everyday conveniences.
An aerial view of Powell Creek Preserve.
Cape Coral cyclists can ride around quiet residential streets.
Waterways behind homes open up into the expansive Caloosahatchee River.
As of March 2026, the average apartment rent in Cape Coral, FL is $1,416 for a studio, $1,492 for one bedroom, $1,734 for two bedrooms, and $2,127 for three bedrooms. Apartment rent in Cape Coral has decreased by -13.3% in the past year.
The cost of living in Cape Coral, FL is 1.2% lower than the national average. Generally, housing in Cape Coral is 11.9% less expensive than the national average, with rent falling between $1,416 - $2,125. You can expect to pay 4.2% more for groceries, 1.3% more for utilities, and 3.1% more for transportation.
Explore how walkable, bikeable, drivable, and transit-friendly Cape Coral, FL is for everyday living.
Car-Dependent
This area is considered a car-dependent area and most errands will require a car.
Minimal Transit
You'll likely want a car when living in this area since it has few transit options.
Somewhat Bikeable
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Oasis Elementary Charter School - North
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Oasis Charter Elementary School
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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 February 2026.