Cheap Apartments for Rent in Sanibel, FL from $800 (50 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
$1,134 - $3,192
Total Monthly Price

Total Monthly Price

Base Rent
$1,134 - $3,192
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

10X Iona Lakes

15000 Iona Lakes DrFt. Myers, FL 33908
Affordability
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  • Customer Reviewed
  • 3D Tour
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The Cove at 47th
$1,244 - $2,529
Total Monthly Price

Total Monthly Price

Base Rent
$1,244 - $2,529
Total Monthly Price
$1,244 - $2,529
Studio to 3 Bedroom Apartments Available Now

The Cove at 47th

870 SE 47th TerCape Coral, FL 33904
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Cabana Club South
Rent Specials
$1,450 - $1,600
Total Monthly Price

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
Affordability
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  • Customer Reviewed
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The Hadley Apartments
Rent Specials
$1,534 - $2,999
Total Monthly Price

Total Monthly Price

Base Rent
$1,534 - $2,999
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Hadley Apartments

376 Penley Lake CirCape Coral, FL 33991
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Lazy Heron Apartments
1 to 2 Bedroom Apartments

Lazy Heron Apartments

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

Lady Sara II

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

Lady Sara

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

Midtown

2310-2016 SW 17th PlCape Coral, FL 33991
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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

$1,275 - $1,600

1 To 2 Bedroom Rentals

Available Jul 22

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
  • 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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Cape Summit
1 to 2 Bedroom Apartments

Cape Summit

3321-3409 SW 8th PlCape 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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1330 SW 47th Ter
2 Bedroom Apartments

1330 SW 47th Ter

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

512 SE 43rd St

512 SE 43rd StCape Coral, FL 33904
Student Housing
  • Utilities Included
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128 SE 12th Ter
2 Bedroom Apartments

128 SE 12th Ter

128 SE 12th TerCape Coral, FL 33990
  • Utilities Included
  • Smoke Free
property at 4944 Porky Ln NW

$1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,600
Total Monthly Price
$1,600

2 Bedroom, 2 Bath Home for Rent

Available Now

4944 Porky Ln NW

Saint James CityFL33956

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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Sanibel, FL Local Guide

Cheapest Neighborhoods for Apartments in Sanibel, FL

Pricing Updated: 07/21/2026

Current apartment rentals in the Sanibel, FL area range in price from $800 to $24,000 with an overall median price of $9,719. The three Sanibel neighborhoods with the lowest median rent pricing are The Islands at $800, Outer Sanibel at $1,500, and West Gulf Drive at $4,899. 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$2,800$80089
Outer Sanibel$5,199$1,5001
West Gulf Drive$6,000$4,8992
East End Sanibel$16,600$6,5002
Middle Gulf Drive$18,000$1,5002

Cheapest Available Sanibel Apartments for Rent

 

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 $1,134. Coral Waters Apartments in the River Hall neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,149. Here is today’s list of the most affordable Sanibel apartments for rent:

Apartment ListingModel NameBed/BathPriced From
10X Iona LakesA21BR,1BA$1,134
Coral Waters Apartments1 Bed/1 Bath1BR,1BA$1,149
39 AcresA21BR,1BA$1,150
Marbella Apartments2 Beds, 1 Baths2BR,1BA$1,225
Lost Tree Apartments1B/1B-A1BR,1BA$1,249
Coral Harbor1 Bedroom1BR,1BA$1,250
The Cove at 47thS1Studio,1BA$1,279
The Lakes At College PointeAmherst1BR,1BA$1,288
Springs At Six Mile CypressStudio Grand OverlookStudio,1BA$1,299
Springs at Coral ShoresStudio Haven SummitStudio,1BA$1,304

Best Value Apartments for Rent in Sanibel, FL

As of July 22, 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 3x2 Model at Civitas of Cape Coral starting at $1,373 with a $1.15 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
Civitas of Cape Coral3x23BR,2BA$1.15
San Carlos ApartmentsB2BR,2BA$1.50
Cabana Club SouthTwo Bed Two Bath Upgraded2BR,2BA$1.35
Gemini Apartments2Bedroom2BR,2BA$1.41
Palms of MonterreySterling1BR,1BA$1.40
10X Iona LakesB22BR,2BA$1.52
Coral Harbor1 Bedroom1BR,1BA$1.39
Coral Waters ApartmentsThe Cove1BR,1BA$1.28
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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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 The Cove at 47th listed at $1,279.

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

The lowest price for a Cheap One Bedroom Sanibel Apartment is $1,134 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 $1,225 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 Civitas of Cape Coral and starts from $1,373.

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.