Cheap Homes for Rent in Sanibel, FL from $1,500 (5 Rentals)

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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.

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: 08/29/2025

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$800328

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 $1,105. The Cove at 47th in the Caloosahatchee neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,185. Here is today’s list of the most affordable Sanibel apartments for rent:

Apartment ListingModel NameBed/BathPriced From
10X Iona LakesA11BR,1BA$1,105
The Cove at 47thS1Studio,1BA$1,185
Coral Waters ApartmentsThe Cove1BR,1BA$1,199

Best Value Apartments for Rent in Sanibel, FL and Nearby

As of August 30, 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 B1 Model at The Palms at Cape Coral starting at $1,549 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 CoralB12BR,2BA$1.37
San Carlos ApartmentsB2BR,2BA$1.41
Cabana Club SouthTwo Bed Two Bath Standard2BR,2BA$1.44
Gemini Apartments* Save up to $5002 Bedroom2BR,2BA$1.37
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

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Pet Friendly Lifestyle
Sanibel, FL

Ranked #173

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!

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Frequently Asked Questions about Sanibel

What type of rentals are currently available in Sanibel?

There are currently 65 Apartments for Rent in Sanibel, FL with pricing that ranges from $1,100 to $10,000. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sanibel ranging from $1,575 to $16,000.

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 $1,575 to $16,000 with an average monthly rent of $5,524.

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 $1,560 to $4,449, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $16,000. Four Bedroom Single-Family rentals are also available starting from $6,900 and Four Bedroom Apartments start at $1,820.

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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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.