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Rental Market Trends in Cape Canaveral, FL

What is the average rent in Cape Canaveral, FL?

$1,169/month

Average Rent

610 Sq Ft

Average Apartment Size

-5.6%

Decrease in the Last Year

Cape Canaveral, FL Rental Market Overview

The average rent in Cape Canaveral, FL is $1,169 per month. This is 29% lower than the national average rent of $1,644/month, making renting in Cape Canaveral more affordable than most cities in the US.

  • Studio apartments in Cape Canaveral average $1,115 per month.
  • One-bedroom apartments in Cape Canaveral average $1,169 per month.
  • Two-bedroom apartments in Cape Canaveral average $1,381 per month.
  • Three-bedroom apartments in Cape Canaveral average $1,611 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,115/month
535 Sq Ft
One Bedroom
$1,169/month
610 Sq Ft
Two Bedroom
$1,381/month
753 Sq Ft
Three Bedroom
$1,611/month
850 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,586/month
655 Sq Ft
Two Bedroom
$2,219/month
1,160 Sq Ft
Three Bedroom
$3,267/month
1,854 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,185/month
1,147 Sq Ft
Three Bedroom
$3,283/month
1,530 Sq Ft

How much has average rent changed in Cape Canaveral, FL?

In the past year, rent has decreased by 5.6%, which averages out to $65 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Cape Canaveral, FL
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Cape Canaveral, FL
Percentage*
Rent Range
11% Below $700/month
33% $700 - $1,000/month
44% $1,001 - $1,500/month
11% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Cape Canaveral, FL?

Because the average rent in Cape Canaveral is $1,169, you’ll want to make about $3,896 per month or $46,752 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Cape Canaveral, FL

187 Available Apartments for Rent

Search for Nearby Apartments

How does Cape Canaveral, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare Cape Canaveral, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Cape Canaveral, FL

Apartment Averages

Nearby City Rent Trends

  • Cocoa Beach Average Rent
  • Merritt Island Average Rent
  • Rockledge Average Rent
  • Cocoa Average Rent

Apartment communities in Cape Canaveral we think you'll love

Harbor Blu

Harbor Blu

201 Chandler St,
Cape Canaveral, FL 32920

$1,150 - $1,595

Studio - 2 Beds

Ayana Blu

Ayana Blu

211 Caroline St,
Cape Canaveral, FL 32920

$1,145 - $1,545

Studio - 2 Beds

Oceanside Palms

Oceanside Palms

321 Johnson Ave,
Cape Canaveral, FL 32920

$1,375 - $1,875

1-2 Beds

505 Fillmore Ave

505 Fillmore Ave

505 Fillmore Ave,
Cape Canaveral, FL 32920

$4,386 Total Monthly Price

4 Beds

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United States Florida Cape Canaveral Rental Trends

Methodology

† 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 June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity