Rent prices soar in Southwest Florida

Published: Updated: / CC BY-NC-ND 2.0

FORT MYERS, Fla. — According to the National Association of Realtors, rent prices have increased more in Southwest Florida than anywhere else in the country.

The rent prices for three bedroom homes in Fort Myers and Cape Coral have gone up 26 percent over the last year and the average rent for a single family home is a little over $1,800.

Many people are partaking in Rent-To-Own programs, meaning they rent homes at a slight premium until they’re cleared for a bank loan and are ready to buy it.

Copyright ©2024 Fort Myers Broadcasting. All rights reserved.

This material may not be published, broadcast, rewritten, or redistributed without prior written consent.