Cape Coral-Fort Myers vs Rapid City
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Rapid City is 40% cheaper for renters. A 2-bedroom rents for $835/mo vs $1,171/mo in Cape Coral-Fort Myers — saving $4,032/year.
Rent by Unit Size
| Unit Size | Cape Coral-Fort Myers | Rapid City | Difference |
|---|---|---|---|
| Studio | $802 | $574 | $228 |
| 1 Bedroom | $985 | $702 | $283 |
| 2 Bedrooms | $1,171 | $835 | $336 |
| 3 Bedrooms | $1,479 | $1,106 | $373 |
| 4 Bedrooms | $1,690 | $1,277 | $413 |
| Median Income | $72,521 | $44,904 | $27,617 |
Cape Coral-Fort Myers
- Studio
- $802/mo
- 1 BR
- $985/mo
- 2 BR
- $1,171/mo
- 3 BR
- $1,479/mo
- 4 BR
- $1,690/mo
- Median Income
- $72,521/yr
Rapid City
- Studio
- $574/mo
- 1 BR
- $702/mo
- 2 BR
- $835/mo
- 3 BR
- $1,106/mo
- 4 BR
- $1,277/mo
- Median Income
- $44,904/yr
Frequently Asked Questions
Is Cape Coral-Fort Myers or Rapid City cheaper to rent in?
Rapid City is cheaper — a 2-bedroom Fair Market Rent is $835/mo vs $1,171/mo in Cape Coral-Fort Myers. That's $336/mo or $4,032/year more expensive in Cape Coral-Fort Myers (40% higher).
What is the 2-bedroom rent in Cape Coral-Fort Myers vs Rapid City?
The HUD Fair Market Rent for a 2-bedroom in Cape Coral-Fort Myers is $1,171/month. In Rapid City, a 2-bedroom FMR is $835/month.
How do incomes compare between Cape Coral-Fort Myers and Rapid City?
The median household income in Cape Coral-Fort Myers is $72,521/year. In Rapid City it is $44,904/year. Cape Coral-Fort Myers has the higher median income.
What is the studio rent in Cape Coral-Fort Myers vs Rapid City?
A studio apartment Fair Market Rent in Cape Coral-Fort Myers is $802/mo. In Rapid City it is $574/mo.