$1,450 Per Month
- 1 Bed
- 1 Bath
- 600 Sq Ft
- Condo for Rent
8401 N Atlantic Ave Unit A5, Cape Canaveral, FL 32920
8401 N Atlantic Ave Unit A5, Cape Canaveral, FL 32920
Frequently Asked Questions
How much does it cost to rent a home in Cape Canaveral, FL?
The median rent for a home in Cape Canaveral, FL is $2,300 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Cape Canaveral, FL?
To comfortably afford the median rent in Cape Canaveral, FL, a household needs to earn roughly $92,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $2,300 per month in Cape Canaveral, FL, renters typically need to show $6,900 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Cape Canaveral, FL?
In Cape Canaveral, FL, the price-to-rent ratio is 10.9, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.
What neighborhoods in Cape Canaveral, FL are best for renting a home?
The best neighborhood for renting in Cape Canaveral, FL depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Suntree, Pineda and Paradise Beach, each with its own character and price range.
