Cheap Apartments for Rent in Sanibel, FL from $800 (56 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
$1,160 - $3,643
Total Monthly Price

Total Monthly Price

Base Rent
$1,160 - $3,643
Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

10X Iona Lakes

15000 Iona Lakes DrFt. Myers, FL 33908
Affordability
  • Verified
  • Customer Reviewed
  • Low Income

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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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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The Hadley Apartments
Rent Specials
$1,434 - $2,764
Total Monthly Price

Total Monthly Price

Base Rent
$1,434 - $2,764
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
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Cabana Club South
Rent Specials
$1,500 - $1,750
Total Monthly Price

Total Monthly Price

Base Rent
$1,500 - $1,750
Total Monthly Price
$1,500 - $1,750
2 Bedroom Apartments Available Now

Cabana Club South

4616 SW 8th PlCape Coral, FL 33914
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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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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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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

$1,295 - $6,500

1 To 2 Bedroom Rentals

Available Now

16881 Davis Rd

Ft. MyersFL33908
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Midtown
1 to 2 Bedroom Apartments

Midtown

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

Cape Summit

3321-3409 SW 8th PlCape Coral, FL 33914

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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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

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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Sanibel, FL Local Guide

Cheapest Neighborhoods for Apartments in Sanibel, FL

Pricing Updated: 04/21/2026

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$800160

Cheapest Available Sanibel Apartments for Rent and Nearby

 

The cheapest available apartment rental in Sanibel, FL is a 2 Beds unit found at Civitas of Cape Coral in the Hancock neighborhood priced from $982. 10X Iona Lakes in the Majestic Palms neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,160. Here is today’s list of the most affordable Sanibel apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Civitas of Cape Coral2x22BR,2BA$982
10X Iona LakesA11BR,1BA$1,160
Coral Waters ApartmentsThe Inlet1BR,1BA$1,174
Fountains at ForestwoodA31BR,1BA$1,200
Bay HarborSt. John1BR,1BA$1,205
The Cove at 47thS1Studio,1BA$1,205
Springs at Coral ShoresStudio Haven OverlookStudio,1BA$1,221
Cape at Savona PointAruba1BR,1BA$1,285
The Lakes At College PointeAmherst1BR,1BA$1,288
MidtownA1BR,1BA$1,320

Best Value Apartments for Rent in Sanibel, FL and Nearby

As of April 21, 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 B1 Model at The Palms at Cape Coral starting at $1,493 with a $1.32 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 CoralB12BR,2BA$1.32
Palms of MonterreySiera2BR,1BA$1.38
Cabana Club SouthTwo Bed Two Bath Upgraded2BR,2BA$1.36
Cape West 91 Villa ApartmentsAtyla2BR,2BA$1.51
Coral Cove2BR-22BR,2BA$1.35
Coral Waters Apartments1 Bed/1 Bath1BR,1BA$1.33
Coral Harbor1 Bedroom1BR,1BA$1.50
Lost Tree Apartments2B/1B2BR,1BA$1.56
The Lakes At College PointeAmherst1BR,1BA$1.56

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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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!

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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 $1,205.

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

The lowest price for a Cheap One Bedroom Sanibel Apartment is $1,071 at Civitas of Cape Coral.

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 $982 at Civitas of Cape Coral.

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 $1,450.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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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.