Rental Benchmark Overview
2-Bedroom Benchmark Rent
$1,961$23,532 per year · HUD Fiscal Year 2026Fair market rent & 30% rule in Cape Coral, FL
Official HUD Fair Market Rents evaluated against local household income benchmarks.
Fair Market Rent Schedule & Wage Requirements: Cape Coral, FL
Calculations assume standard housing affordability guidelines where shelter costs consume no more than 30% of gross income, based on full-time employment of 2,080 annual working hours.
| Bedroom Type | Monthly Rent | Annual Rent | Min. Annual Income | Hourly Wage (40h/wk) |
|---|---|---|---|---|
| Studio / Efficiency | $1,629 | $19,548 | $65,160 | $31.33/hr |
| 1-Bedroom Apartment | $1,638 | $19,656 | $65,520 | $31.50/hr |
| 2-Bedroom ApartmentStandard Benchmark | $1,961 | $23,532 | $78,440 | $37.71/hr |
| 3-Bedroom Home | $2,560 | $30,720 | $102,400 | $49.23/hr |
| 4-Bedroom Home | $2,836 | $34,032 | $113,440 | $54.54/hr |
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Frequently Asked Questions About Rent in Cape Coral, FL
What is the Fair Market Rent for a 2-bedroom in Cape Coral, FL?
For Fiscal Year 2026, the official HUD Fair Market Rent for a 2-bedroom home in Cape Coral, FL is $1,961 per month ($23,532 per year).
What hourly wage is needed to afford rent in Cape Coral, FL?
To comfortably afford a 2-bedroom apartment at $1,961/month without exceeding 30% of income on rent, a full-time worker (40 hours/week, 52 weeks/year) must earn at least $37.71 per hour ($78,440/year).
What are the HUD Fair Market Rents by bedroom count in Cape Coral, FL?
Official 2026 HUD rents in Cape Coral, FL are: Studio: $1,629/mo, 1-Bedroom: $1,638/mo, 2-Bedroom: $1,961/mo, 3-Bedroom: $2,560/mo, and 4-Bedroom: $2,836/mo.
How do HUD Fair Market Rents compare to local incomes in Cape Coral, FL?
At the local Census ACS median household income of $78,104/year ($6,509/month), the benchmark 2-bedroom Fair Market Rent represents 30.1% of monthly income.
How is the 30% housing affordability standard calculated in Cape Coral, FL?
The federal 30% rule states that housing costs should not exceed 30% of gross household income. For a 2-bedroom rent of $1,961/month, the required minimum annual gross income is calculated as ($1,961 × 12) ÷ 0.30 = $78,440 per year.