Cheap Homes for Rent near Sanibel, FL from $1,150 (6 Rentals)

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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.

property at 16881 Davis Rd
$1,175 - $1,600
1 To 2 Bedroom Rentals
Available Now
Affordability

16881 Davis Rd

Ft. MyersFL33908
property at 16007 Davis Rd
$1,490 - $3,500
2 Bedroom Rentals
Available Now
Affordability

16007 Davis Rd

Ft. MyersFL33908

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.

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

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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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 75 Apartments for Rent in Sanibel, FL with pricing that ranges from $899 to $11,299. There are also 46 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sanibel ranging from $1,150 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 $1,150 to $20,000 with an average monthly rent of $5,170.

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 $4,219, while Three Bedroom Homes, Condos, and Townhomes for rent range from $2,450 to $18,200. Four Bedroom Single-Family rentals are also available starting from $3,200 and Four Bedroom Apartments start at $10,000.

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.