$1,500 Per Month
- 4 Beds
- 2.5 Baths
- Condo for Rent
720 Watkins Dr Unit 1, Cape Girardeau, MO 63701
Property Id: 2792480 4 Bed 2.5 Bath .25acre estimate front and back yard. Double Walk out. Close to Down Town and The Riverfront.
Frequently Asked Questions
How much does it cost to rent a condo in Cape Girardeau, MO?
The median rent for a condo in Cape Girardeau, MO is $1,900 per month, though prices vary by neighborhood, size, and property type. As of September 2026, single-family homes tend to be the most affordable option.
How much do you need to make to afford rent in Cape Girardeau, MO?
To comfortably afford the median rent in Cape Girardeau, MO, a household needs to earn roughly $76,000 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 $1,900 per month in Cape Girardeau, MO, renters typically need to show $5,700 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 Girardeau, MO?
In Cape Girardeau, MO, the price-to-rent ratio is 28.7, 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.
