Cheap Homes for Rent in Sanibel, FL from $1,400 (6 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes 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.

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: 01/21/2026

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$1,208213

Cheapest Available Sanibel Apartments for Rent

 

The cheapest available apartment rental in Sanibel, FL is a 1 Bed 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 $1,017. Here is today’s list of the most affordable Sanibel apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lost Tree Apartments1x1 Special1BR,1BA$999
10X Iona LakesA11BR,1BA$1,017
Springs at Coral ShoresStudio Haven SummitStudio,1BA$1,150

Best Value Apartments for Rent in Sanibel, FL

As of January 21, 2026 the best value apartment in the Sanibel area is the $0.96 price per square foot Cape Coral Duplex Model at 122 SE 12th Ter in the in the Hancock neighborhood starting from $1,900. The second greatest value Sanibel apartment is the Two Bedroom Model at Tuscany Villas Condos starting at $1,795 with a $1.22 price per square foot in the Pelican 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.
122 SE 12th TerCape Coral Duplex3BR,2BA$0.96
Tuscany Villas CondosTwo Bedroom2BR,2BA$1.22
The Palms at Cape CoralB12BR,2BA$1.36
746 SW 8th Ter2 BD 2 BA2BR,2BA$1.61
Palms of MonterreySiera2BR,1BA$1.38
Cabana Club SouthTwo Bed Two Bath Upgraded2BR,2BA$1.45
1321 SE 8th Ave2b/2b2BR,2BA$1.38
San Carlos ApartmentsA2BR,2BA$1.46
10X Iona LakesB22BR,2BA$1.48
Coral Waters Apartments1 Bed/1 Bath1BR,1BA$1.33

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick Rent Budget Calculator

How much rent can you afford?

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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Sanibel, FL Rentals by Map

View Map
Sanibel, FL Apartments Map
View Map
Sanibel, FL Rental Homes Map

Frequently Asked Questions about Sanibel

What type of rentals are currently available in Sanibel?

There are currently 69 Apartments for Rent in Sanibel, FL with pricing that ranges from $999 to $7,671. There are also 45 Single Family Homes for rent, Condos, and Townhome rentals currently available in Sanibel ranging from $1,450 to $18,200.

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 $1,450 to $18,200 with an average monthly rent of $6,463.

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 $1,340 to $7,671, while Three Bedroom Homes, Condos, and Townhomes for rent range from $3,600 to $18,200. Four Bedroom Single-Family rentals are also available starting from $5,500 and Four Bedroom Apartments start at $1,820.

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 A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!