Cape Coral-Fort Myers vs Salem
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Salem is 3% cheaper for renters. A 2-bedroom rents for $1,137/mo vs $1,171/mo in Cape Coral-Fort Myers — saving $408/year.
Rent by Unit Size
| Unit Size | Cape Coral-Fort Myers | Salem | Difference |
|---|---|---|---|
| Studio | $802 | $741 | $61 |
| 1 Bedroom | $985 | $913 | $72 |
| 2 Bedrooms | $1,171 | $1,137 | $34 |
| 3 Bedrooms | $1,479 | $1,411 | $68 |
| 4 Bedrooms | $1,690 | $1,615 | $75 |
| Median Income | $72,521 | $53,953 | $18,568 |
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
Salem
- Studio
- $741/mo
- 1 BR
- $913/mo
- 2 BR
- $1,137/mo
- 3 BR
- $1,411/mo
- 4 BR
- $1,615/mo
- Median Income
- $53,953/yr
Frequently Asked Questions
Is Cape Coral-Fort Myers or Salem cheaper to rent in?
Salem is cheaper — a 2-bedroom Fair Market Rent is $1,137/mo vs $1,171/mo in Cape Coral-Fort Myers. That's $34/mo or $408/year more expensive in Cape Coral-Fort Myers (3% higher).
What is the 2-bedroom rent in Cape Coral-Fort Myers vs Salem?
The HUD Fair Market Rent for a 2-bedroom in Cape Coral-Fort Myers is $1,171/month. In Salem, a 2-bedroom FMR is $1,137/month.
How do incomes compare between Cape Coral-Fort Myers and Salem?
The median household income in Cape Coral-Fort Myers is $72,521/year. In Salem it is $53,953/year. Cape Coral-Fort Myers has the higher median income.
What is the studio rent in Cape Coral-Fort Myers vs Salem?
A studio apartment Fair Market Rent in Cape Coral-Fort Myers is $802/mo. In Salem it is $741/mo.