Cheap Homes for Rent in Sanibel, FL from $1,200 (5 Rentals)

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

property at 16881 Davis Rd

$1,295 - $5,000

1 To 2 Bedroom Rentals

Available Now

16881 Davis Rd

Ft. MyersFL33908

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.

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.

Sanibel, FL Local Guide

Cheapest Neighborhoods for Apartments in Sanibel, FL

Pricing Updated: 03/07/2026

Current apartment rentals in the Sanibel, FL area range in price from $1,100 to $84,000 with an overall median price of $9,010. The three Sanibel neighborhoods with the lowest median rent pricing are The Islands at $1,100, Middle Gulf Drive at $2,250, and Periwinkle Way at $2,250. 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$4,600$1,100117
Middle Gulf Drive$7,000$2,2504
Periwinkle Way$7,000$2,2505
West Gulf Drive$8,250$4,5001
East End Sanibel$18,200$5,5002

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. Lost Tree Apartments in the River Hall neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here is today’s list of the most affordable Sanibel apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Civitas of Cape Coral2x22BR,2BA$982
Lost Tree Apartments1B/1B-A1BR,1BA$999
Heronwood Apartments1x1 Special1BR,1BA$999

Best Value Apartments for Rent in Sanibel, FL and Nearby

As of March 07, 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
Cabana Club SouthTwo Bed Two Bath Upgraded2BR,2BA$1.36
Palms of MonterreySterling1BR,1BA$1.31
Coral Cove2BR-22BR,2BA$1.27
10X Iona LakesB22BR,2BA$1.53
Coral Waters Apartments1 Bed/1 Bath1BR,1BA$1.47
Coral Harbor1 Bedroom1BR,1BA$1.61
The Palms at Cape CoralA21BR,1BA$1.40
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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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

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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 Sanibel

What type of rentals are currently available in Sanibel?

There are currently 71 Apartments for Rent in Sanibel, FL with pricing that ranges from $982 to $12,077. There are also 35 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sanibel ranging from $1,295 to $20,000.

What is the current price range for Rental Homes in Sanibel?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Sanibel ranges from $1,295 to $20,000 with an average monthly rent of $5,809.

How much are larger Three and Four Bedroom Rentals in Sanibel?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Sanibel range from $1,373 to $7,164, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,750 to $18,200. Four Bedroom Single-Family rentals are also available starting from $5,500 and Four Bedroom Apartments start at $1,920.

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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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.

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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.

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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.