Cheap Apartments for Rent in Sanibel, FL from $900 (47 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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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
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Midtown
1 to 2 Bedroom Apartments

Midtown

2310-2016 SW 17th PlCape Coral, FL 33991
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Cape Summit
1 to 2 Bedroom Apartments

Cape Summit

3321-3409 SW 8th PlCape Coral, FL 33914
property at 16881 Davis Rd

16881 Davis Rd

Ft. MyersFL33908
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512 SE 43rd St
2 Bedroom Apartments

512 SE 43rd St

512 SE 43rd StCape Coral, FL 33904
  • Utilities Included
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Cypress West
2 Bedroom Apartments

Cypress West

6308 Panther LnFt. Myers, FL 33919
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1330 SW 47th Ter
Studio to 2 Bedroom Apartments

1330 SW 47th Ter

1330 SW 47th TerCape Coral, FL 33914
  • Utilities Included

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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152 SW 47th Ter
2 Bedroom Apartments

152 SW 47th Ter

152 SW 47th TerCape Coral, FL 33914
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Sanibel, FL Local Guide

Cheapest Neighborhoods for Apartments in Sanibel, FL

Pricing Updated: 09/15/2025

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$5,895$1,305303

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 $999. 10X Iona Lakes in the Majestic Palms neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,175. Here is today’s list of the most affordable Sanibel apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lost Tree Apartments0B/ 1BStudio,1BA$999
10X Iona LakesA21BR,1BA$1,175
Coral Waters ApartmentsThe Cove1BR,1BA$1,199
Lady Sara2 Bedroom 2 Bathroom2BR,2BA$1,200
Lady Sara II2 Bedroom 2 Bathroom2BR,2BA$1,200
Heronwood Apartments1 Bedroom 1 Bathroom1BR,1BA$1,249
The Cove at 47thS1Studio,1BA$1,250
Bay HarborSt. John1BR,1BA$1,295
Lazy Heron Apartments2 Bedroom 2 Bathroom2BR,2BA$1,300
Coralina Apartments1 Bedroom 1 Bath | 783 sf.1BR,1BA$1,305

Best Value Apartments for Rent in Sanibel, FL and Nearby

As of September 15, 2025 the best value apartment in the Sanibel area is the $1.18 price per square foot Two Bedroom Model at Tuscany Villas Condos in the in the Pelican neighborhood starting from $1,745. The second greatest value Sanibel apartment is the B2 Model at The Palms at Cape Coral starting at $1,618 with a $1.37 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$1.18
The Palms at Cape CoralB22BR,2BA$1.37
San Carlos ApartmentsB2BR,2BA$1.41
Cabana Club SouthTwo Bed Two Bath Standard2BR,2BA$1.44
Gemini Apartments - Won't Last Long!2 Bedroom2BR,2BA$1.34
Palms of MonterreySterling1BR,1BA$1.42
Lazy Heron Apartments2 Bedroom 2 Bathroom2BR,2BA$1.30
Coral Waters Apartments1 Bed/1 Bath1BR,1BA$1.44
Lady Sara2 Bedroom 2 Bathroom2BR,2BA$1.37
Lady Sara II2 Bedroom 2 Bathroom2BR,2BA$1.37

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Sanibel, FL

Ranked #176

Among cities in Florida for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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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Getting Around Sanibel, FL

Walk Score®

26 / 100

Car-Dependent

Most errands require a car

Bike Score®

80 / 100

Very Bikeable

Biking is convenient for most trips

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $999.

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

The lowest price for a Cheap One Bedroom Sanibel Apartment is $1,175 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 $1,200 at Lady Sara.

What is the most affordable Sanibel Three Bedroom Apartment?

The best deal on a cheap Sanibel Three Bedroom Apartment rental is at Cascades at Clear Lake Apartments and starts from $1,560.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.