Cheap Apartments for Rent in Sanibel, FL from $800 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in Sanibel.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Lazy Heron Apartments
1 to 2 Bedroom Apartments

Lazy Heron Apartments

3731 SE 9th PlCape Coral, FL 33904
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Lady Sara II
2 Bedroom Apartments

Lady Sara II

4830 Lucaya DrCape Coral, FL 33904
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Lady Sara
2 Bedroom Apartments

Lady Sara

3905 SE 15th PlCape Coral, FL 33904
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Midtown
1 to 2 Bedroom Apartments

Midtown

2310-2016 SW 17th PlCape Coral, FL 33991

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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224-230 SW 47th Terrace
1 to 2 Bedroom Apartments

224-230 SW 47th Terrace

224-230 SW 47th TerCape Coral, FL 33914
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Cape Summit
1 to 2 Bedroom Apartments

Cape Summit

3321-3409 SW 8th PlCape Coral, FL 33914
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1330 SW 47th Ter
Studio to 2 Bedroom Apartments

1330 SW 47th Ter

1330 SW 47th TerCape Coral, FL 33914
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512 SE 43rd St
2 Bedroom Apartments

512 SE 43rd St

512 SE 43rd StCape Coral, FL 33904
Student Housing
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Cypress West
2 Bedroom Apartments

Cypress West

6308 Panther LnFt. Myers, FL 33919

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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128 SE 12th Ter
2 Bedroom Apartments

128 SE 12th Ter

128 SE 12th TerCape Coral, FL 33990
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Showing Results 1-41, Page 1 of 1

Sanibel, FL Local Guide

Cheapest Neighborhoods for Apartments in Sanibel, FL

Pricing Updated: 01/11/2026

Current apartment rentals in the Sanibel, FL area range in price from to with an overall median price of . Here is today’s list neighborhoods with the lowest median pricing for Sanibel Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
The Islands$1,929$1,166228
East End Sanibel$7,011$7,0111
Middle Gulf Drive$7,011$7,0111
Periwinkle Way$7,011$7,0111

Cheapest Available Sanibel Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sanibel, FL is a Studio unit found at Lost Tree Apartments in the River Hall neighborhood priced from $899. 10X Iona Lakes in the Majestic Palms neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,019. Here is today’s list of the most affordable Sanibel apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lost Tree ApartmentsStudioStudio,1BA$899
10X Iona LakesA11BR,1BA$1,019
Springs at Coral ShoresStudio Haven SummitStudio,1BA$1,150
The Cove at 47thS1Studio,1BA$1,175
The Palms at Cape CoralA21BR,1BA$1,183
Coral Waters ApartmentsThe Inlet1BR,1BA$1,199
MidtownA1BR,1BA$1,258
Bay HarborSt. John1BR,1BA$1,295
11431 Char Ann Dr2BD/1BA2BR,1BA$1,300
Marbella Apartments2 Beds, 1 Baths2BR,1BA$1,325

Best Value Apartments for Rent in Sanibel, FL and Nearby

As of January 11, 2026 the best value apartment in the Sanibel area is the $0.96 price per square foot Cape Coral Duplex Model at 122 SE 12th Ter in the in the Hancock neighborhood starting from $1,900. The second greatest value Sanibel apartment is the Two Bedroom Model at Tuscany Villas Condos starting at $1,795 with a $1.22 price per square foot in the Pelican neighborhood. Here is today’s list of the best values for Sanibel apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
122 SE 12th TerCape Coral Duplex3BR,2BA$0.96
Tuscany Villas CondosTwo Bedroom2BR,2BA$1.22
746 SW 8th Ter2 BD 2 BA2BR,2BA$1.61
Palms of MonterreySiera2BR,1BA$1.38
Cabana Club SouthTwo Bed Two Bath Upgraded2BR,2BA$1.45
1321 SE 8th Ave2b/2b2BR,2BA$1.38
Coral Cove2BR-2P2BR,2BA$1.52
San Carlos ApartmentsA2BR,2BA$1.46
Coral Waters Apartments1 Bed/1 Bath1BR,1BA$1.33
The Palms at Cape CoralA21BR,1BA$1.33

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Sanibel, FL Rentals by Map

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See the most popular apartments and homes in Sanibel, FL

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Frequently Asked Questions about Cheap Sanibel Apartments

What is the Cheapest Studio apartment in Sanibel?

Currently the most affordable Cheap Studio Apartment in Sanibel is at Lost Tree Apartments listed at $899.

How much is rent for a Cheap One Bedroom Sanibel Apartment?

The lowest price for a Cheap One Bedroom Sanibel Apartment is $999 at Lost Tree Apartments.

What is the lowest price for a Cheap Two Bedroom Sanibel Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Sanibel is starting from $1,299 at Coral Waters Apartments.

What is the most affordable Sanibel Three Bedroom Apartment?

The best deal on a cheap Sanibel Three Bedroom Apartment rental is at Coral Cove and starts from $1,415.

Expert Rental Resources

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

Articles, How-To's, and Tips

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!