Metro FMR area · FL · HUD FY 2027

Cape Coral-Fort Myers, FL Fair Market Rent

HUD’s FY 2027 Fair Market Rent for a 2-bedroom in the Cape Coral-Fort Myers, FL area is $1,835 a month, 6% below the Florida average and 4% above the U.S. average of $1,761. ZIP-level Small Area FMRs for its 50 ZIP codes range from $1,770 to $2,750.

$1,8352-bedroom FMR−$126 (−6.4%) vs FY 2026
$1,5641-bedroom FMRU.S.: $1,478
$73,400Income for a 2-bedroomat 30% of income
817,666Residents1 county

Can you afford the Fair Market Rent here?

Uses the common 30%-of-gross-income guideline. Results update as you type and stay in your browser.

Household income ($ per year, before tax)

Default: the income a 2-bedroom here needs at 30%.

Unit size

Rent you can afford at 30% of income$1,835/month

2-bedroom Fair Market Rent and the income it needs
Area	Fair Market Rent	Income needed	Share of your income
Cape Coral-Fort Myers, FL FMR	$1,835	$73,400	–
Florida average	$1,962	$78,474	–
U.S. average	$1,761	$70,432	–

Cape Coral-Fort Myers, FL Fair Market Rents, FY 2027 vs FY 2026
Unit	Cape Coral-Fort Myers, FL FY 2027	FY 2026	Change	Florida avg	U.S. avg	Income needed
Studio	$1,555	$1,629	−$74 (−4.5%)	$1,566	$1,379	$62,200
1 bedroom	$1,564	$1,638	−$74 (−4.5%)	$1,665	$1,478	$62,560
2 bedrooms	$1,835	$1,961	−$126 (−6.4%)	$1,962	$1,761	$73,400
3 bedrooms	$2,373	$2,560	−$187 (−7.3%)	$2,532	$2,266	$94,920
4 bedrooms	$2,615	$2,836	−$221 (−7.8%)	$2,947	$2,607	$104,600

Counties in this FMR area

Counties in the Cape Coral-Fort Myers, FL FMR area
County	Residents in area
Lee County, FL	817,666

Small Area FMRs by ZIP code

Small Area FMRs apply to Housing Choice Vouchers where HUD requires them or the housing authority opts in; otherwise the metro FMR above applies. The median ZIP’s 2-bedroom SAFMR is $1,850.

Filter ZIP codes

FY 2027 Small Area Fair Market Rents, Cape Coral-Fort Myers, FL
ZIP	Studio	1BR	2BR	3BR	4BR	2BR vs FY 2026	2BR vs area FMR
33901	$1,470	$1,480	$1,770	$2,310	$2,560	+$30 (+1.7%)	4% below
33902	$1,560	$1,570	$1,840	$2,380	$2,620	−$120 (−6.1%)	about the same as
33903	$1,470	$1,480	$1,770	$2,310	$2,560	+$110 (+6.6%)	4% below
33904	$1,590	$1,600	$1,880	$2,430	$2,680	−$140 (−6.9%)	2% above
33905	$1,480	$1,490	$1,770	$2,310	$2,560	−$140 (−7.3%)	4% below
33906	$1,560	$1,570	$1,840	$2,380	$2,620	−$120 (−6.1%)	about the same as
33907	$1,570	$1,580	$1,850	$2,390	$2,640	−$160 (−8.0%)	1% above
33908	$1,770	$1,780	$2,090	$2,700	$2,980	−$170 (−7.5%)	14% above
33909	$1,730	$1,740	$2,040	$2,640	$2,910	−$130 (−6.0%)	11% above
33910	$1,560	$1,570	$1,840	$2,380	$2,620	−$120 (−6.1%)	about the same as
33912	$1,650	$1,660	$1,970	$2,570	$2,840	−$210 (−9.6%)	7% above
33913	$1,880	$1,890	$2,220	$2,870	$3,160	−$140 (−5.9%)	21% above
33914	$1,700	$1,710	$2,000	$2,590	$2,850	−$100 (−4.8%)	9% above
33915	$1,560	$1,570	$1,840	$2,380	$2,620	−$120 (−6.1%)	about the same as
33916	$1,470	$1,480	$1,770	$2,310	$2,560	+$10 (+0.6%)	4% below
33917	$1,470	$1,480	$1,770	$2,310	$2,560	+$110 (+6.6%)	4% below
33918	$1,560	$1,570	$1,840	$2,380	$2,620	−$120 (−6.1%)	about the same as
33919	$1,590	$1,600	$1,880	$2,430	$2,680	−$130 (−6.5%)	2% above
33920	$1,470	$1,480	$1,770	$2,310	$2,560	+$110 (+6.6%)	4% below
33921	$1,470	$1,480	$1,770	$2,310	$2,560	+$110 (+6.6%)	4% below
33922	$1,470	$1,480	$1,770	$2,310	$2,560	+$110 (+6.6%)	4% below
33924	$1,800	$1,800	$2,120	$2,740	$3,020	−$180 (−7.8%)	16% above
33928	$1,920	$1,930	$2,300	$3,000	$3,330	−$250 (−9.8%)	25% above
33929	$1,560	$1,570	$1,840	$2,380	$2,620	−$120 (−6.1%)	about the same as
33931	$1,520	$1,530	$1,790	$2,310	$2,560	−$170 (−8.7%)	2% below
33932	$1,560	$1,570	$1,840	$2,380	$2,620	−$120 (−6.1%)	about the same as
33936	$1,470	$1,480	$1,770	$2,310	$2,560	+$110 (+6.6%)	4% below
33945	$1,560	$1,570	$1,840	$2,380	$2,620	−$120 (−6.1%)	about the same as
33955	$1,470	$1,480	$1,820	$2,450	$2,890	+$60 (+3.4%)	1% below
33956	$2,330	$2,340	$2,750	$3,560	$3,920	−$190 (−6.5%)	50% above
33957	$2,300	$2,310	$2,710	$3,510	$3,870	−$190 (−6.6%)	48% above
33965	$1,480	$1,490	$1,850	$2,430	$2,690	−$200 (−9.8%)	1% above
33966	$1,690	$1,700	$1,990	$2,570	$2,840	−$90 (−4.3%)	8% above
33967	$1,660	$1,670	$1,960	$2,530	$2,790	−$170 (−8.0%)	7% above
33970	$1,560	$1,570	$1,840	$2,380	$2,620	−$120 (−6.1%)	about the same as
33971	$1,670	$1,680	$1,970	$2,550	$2,810	−$120 (−5.7%)	7% above
33972	$1,480	$1,490	$1,770	$2,310	$2,560	−$140 (−7.3%)	4% below
33973	$1,470	$1,480	$1,770	$2,310	$2,560	−$10 (−0.6%)	4% below
33974	$1,650	$1,660	$1,950	$2,520	$2,780	−$150 (−7.1%)	6% above
33976	$1,700	$1,710	$2,010	$2,600	$2,860	−$120 (−5.6%)	10% above
33990	$1,590	$1,600	$1,880	$2,430	$2,680	−$160 (−7.8%)	2% above
33991	$1,860	$1,880	$2,200	$2,860	$3,160	−$230 (−9.5%)	20% above
33993	$1,980	$1,990	$2,340	$3,030	$3,340	−$180 (−7.1%)	28% above
33994	$1,560	$1,570	$1,840	$2,380	$2,620	−$120 (−6.1%)	about the same as
34110	$1,550	$2,040	$2,220	$2,820	$3,070	−$10 (−0.4%)	21% above
34119	$1,570	$2,070	$2,250	$2,860	$3,110	+$130 (+6.1%)	23% above
34133	$1,560	$1,570	$1,840	$2,380	$2,620	−$120 (−6.1%)	about the same as
34134	$1,640	$1,700	$1,980	$2,550	$2,810	−$170 (−7.9%)	8% above
34135	$1,750	$1,760	$2,060	$2,660	$2,940	−$130 (−5.9%)	12% above
34136	$1,560	$1,570	$1,840	$2,380	$2,620	−$120 (−6.1%)	about the same as

Sources

U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).

Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.