Cheap Apartments for Rent near Sanibel, FL from $899 (46 Rentals)

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

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10X Iona Lakes
Rent Specials
$1,084 - $3,192

Total Monthly Price

Base Rent$1,084 - $3,192
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

10X Iona Lakes

15000 Iona Lakes DrFt. Myers, FL 33908
Affordability
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Cove at 47th
$1,159 - $3,524

Total Monthly Price

Base Rent$1,159 - $3,524
Total Monthly Price$1,159 - $3,524
Studio to 3 Bedroom Apartments Available Now

Cove at 47th

870 SE 47th TerCape Coral, FL 33904
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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The Hadley Apartments
Rent Specials
$1,359 - $2,999

Total Monthly Price

Base Rent$1,359 - $2,999
Total Monthly PriceVaries
1 to 3 Bedroom Apartments Available Now

The Hadley Apartments

376 Penley Lake CirCape Coral, FL 33991
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Cabana Club South
Rent Specials
$1,450 - $1,600

Total Monthly Price

Base Rent$1,450 - $1,600
Total Monthly Price$1,450 - $1,600
2 Bedroom Apartments Available Now

Cabana Club South

4616 SW 8th PlCape Coral, FL 33914
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Lazy Heron Apartments
1 to 2 Bedroom Apartments

Lazy Heron Apartments

3731 SE 9th PlCape Coral, FL 33904
  • Utilities Included
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39 Acres
1 to 2 Bedroom Apartments

39 Acres

1735 Brantley RdFt. Myers, FL 33907
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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
  • Utilities Included

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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11431 Char Ann Dr
1 to 2 Bedroom Apartments

11431 Char Ann Dr

11431 Char Ann DrFt. Myers, FL 33908
  • Utilities Included
property at 16881 Davis Rd
$1,175 - $1,600
1 To 2 Bedroom Rentals
Available Now
Affordability

16881 Davis Rd

Ft. MyersFL33908
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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
2 Bedroom Apartments

1330 SW 47th Ter

1330 SW 47th TerCape Coral, FL 33914
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1321 SE 8th Ave
2 Bedroom Apartments

1321 SE 8th Ave

1321 SE 8th AveCape Coral, FL 33990
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Midtown
1 to 2 Bedroom Apartments

Midtown

2310-2016 SW 17th PlCape Coral, FL 33991

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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property at 16007 Davis Rd
$1,490 - $3,500
2 Bedroom Rentals
Available Now
Affordability

16007 Davis Rd

Ft. MyersFL33908
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Sanibel, FL Local Guide

Cheapest Neighborhoods for Apartments in Sanibel, FL

Pricing Updated: 09/06/2026

Current apartment rentals in the Sanibel, FL area range in price from $1,084 to $11,299 with an overall median price of $1,697. The three Sanibel neighborhoods with the lowest median rent pricing are The Islands at $1,568, Outer Sanibel at $1,756, and East End Sanibel at $4,219. Here is today’s list of the top 5 neighborhoods with the lowest median pricing for Sanibel Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
The Islands$1,568$1,216125
Outer Sanibel$1,756$1,084147
East End Sanibel$4,219$4,2191
Middle Gulf Drive$4,219$4,2191
Periwinkle Way$4,219$4,2191

Cheapest Available Sanibel Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sanibel, FL is a 1 Bed unit found at 10X Iona Lakes in the Majestic Palms neighborhood priced from $1,084. Marbella Apartments in the River Hall neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,100. Here is today’s list of the most affordable Sanibel apartments for rent:

Apartment ListingModel NameBed/BathPriced From
10X Iona LakesA11BR,1BA$1,084
Marbella Apartments2 Beds, 1 Baths2BR,1BA$1,100
Coral Waters Apartments1 Bed/1 Bath1BR,1BA$1,149
39 AcresA21BR,1BA$1,150
Cove at 47thS1 - S1Studio,1BA$1,159
Aspire Cape Coral1 Bedroom 1 Bathroom (ACC-A1)1BR,1BA$1,199
Springs at Coral ShoresStudio Haven SummitStudio,1BA$1,216
Coral Harbor1 Bedroom1BR,1BA$1,250
Bay HarborSt. John1BR,1BA$1,285
The Lakes At College PointeAmherst1BR,1BA$1,288

Best Value Apartments for Rent in Sanibel, FL and Nearby

As of September 06, 2026 the best value apartment in the Sanibel area is the $1.22 price per square foot Two Bedroom Model at Tuscany Villas Condos in the in the Pelican neighborhood starting from $1,795. The second greatest value Sanibel apartment is the B2 Model at The Palms at Cape Coral starting at $1,543 with a $1.31 price per square foot in the Hancock 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.
Tuscany Villas CondosTwo Bedroom2BR,2BA$1.22
The Palms at Cape CoralB22BR,2BA$1.31
Cabana Club SouthTwo Bed Two Bath Standard2BR,2BA$1.32
Gemini Apartments2Bedroom2BR,2BA$1.37
Palms of MonterreySterling1BR,1BA$1.40
Coral Cove2BR-12BR,2BA$1.35
MidtownC2BR,2BA$1.46
Coral Harbor1 Bedroom1BR,1BA$1.39
Coral Waters ApartmentsThe Cove1BR,1BA$1.29
The Lakes At College PointeAmherst1BR,1BA$1.56

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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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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

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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 Cove at 47th listed at $1,159.

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

The lowest price for a Cheap One Bedroom Sanibel Apartment is $1,084 at 10X Iona Lakes.

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 $1,100 at Marbella 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 $1,400.

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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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.