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Rental Market Trends in Cape Girardeau, MO

What is the average rent in Cape Girardeau, MO?

$586/month

Average Rent

498 Sq Ft

Average Apartment Size

-4.1%

Decrease in the Last Year

As of April 2026, the average rent in Cape Girardeau, MO is $586 per month. This is 64% lower than the national average rent of $1,641/month, making renting in Cape Girardeau more affordable than most cities in the US. When you rent an apartment in Cape Girardeau, you can expect to pay about $660 per month for a studio, $586 for a one-bedroom apartment, and around $823 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,062 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$660/month
491 Sq Ft
One Bedroom
$586/month
498 Sq Ft
Two Bedroom
$823/month
941 Sq Ft
Three Bedroom
$1,062/month
1,237 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,504/month
1,065 Sq Ft
Three Bedroom
$1,512/month
1,313 Sq Ft
Four Bedroom
$1,861/month
1,256 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Cape Girardeau, MO?

In the past year, rent has decreased by 4.1%, which averages out to $23 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Cape Girardeau, MO
Last Updated April 2026
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Cape Girardeau, MO
Percentage*
Rent Range
33% Below $700/month
44% $700 - $1,000/month
11% $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 Girardeau, MO?

Because the average rent in Cape Girardeau is $586, you’ll want to make about $1,953 per month or $23,436 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.

Cost of Living

The cost of living in Cape Girardeau, MO is 5.4% lower than the national average. Generally, housing in Cape Girardeau is 18.2% less expensive than the national average, with rent falling between $586 - $1,062. You can expect to pay 5.2% more for groceries, 4.6% less for utilities, and 7.4% more for transportation.

City

Cape Girardeau, MO

82 Available Apartments for Rent

Search for Nearby Apartments

How does Cape Girardeau, MO compare to other nearby cities and neighborhoods?

Use the tool below to compare Cape Girardeau, MO 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 Girardeau, MO

Apartment Averages

Apartment communities in Cape Girardeau we think you'll love

Cape Trails

Cape Trails

1710 N Sprigg St,
Cape Girardeau, MO 63701

$510 - $698

2-4 Beds

The District at Cape

The District at Cape

630 S Spring St,
Cape Girardeau, MO 63703

$693 - $1,194

1-3 Beds

3015 Hawthorne Rd

3015 Hawthorne Rd

3015 Hawthorne Rd,
Cape Girardeau, MO 63701

$2,495

3 Beds

2015 Walden Pond Way

2015 Walden Pond Way

2015 Walden Pond Way,
Cape Girardeau, MO 63701

$1,525

2 Beds

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United States Missouri Cape Girardeau 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 February 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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© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity