Verified local price report
The Palms at Cape Coral cuts one apartment’s listed rent by $497 a month
The listed monthly rent changed from $1,996 to $1,499 in Cape Coral, FL. The change is 24.9%.
By Average Rent · Published Nov 4, 2026, 10:14 AM UTC · Updated Nov 4, 2026, 10:14 AM UTC
Original observed change
↓ $497/mo
Percentage change
24.9%
We confirmed 3 price changes at this building. The table records each original comparison and its observation dates.
These are listed asking prices. Availability and lease terms can change. Check the current listing before you apply.
Scroll the chart to see each observation.
Steps connect recorded observations. Prices between checks are not independently confirmed.
Original evidence
| Apartment | Before | After | Change |
|---|---|---|---|
| Unit 121514-month term | $1,996Nov 2, 2026, 2:39 PM UTC | $1,499Nov 3, 2026, 9:57 AM UTC | Cut: $49724.9% |
| Unit 520914-month term | $1,320Nov 2, 2026, 2:39 PM UTC | $1,220Nov 3, 2026, 9:57 AM UTC | Cut: $1007.6% |
| Unit 530214-month term | $1,850Nov 2, 2026, 2:39 PM UTC | $1,799Nov 3, 2026, 9:57 AM UTC | Cut: $512.8% |
Current status
Unit 1215: Listed; comparison not confirmed · $1,499/mo
Last observation: Nov 4, 2026, 9:52 AM UTC
Unit 5209: Listed; comparison not confirmed · $1,220/mo
Last observation: Nov 4, 2026, 9:52 AM UTC
Unit 5302: Listed; comparison not confirmed · $1,799/mo
Last observation: Nov 4, 2026, 9:52 AM UTC
Local context
This report describes one building in Cape Coral, FL. Its original comparison sample included 0 listings across 0 buildings. Limited recent comparisons prevent a broad city trend claim.
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Update history and method
We compare the same identified apartment, price basis, and lease term. Independent repeat checks confirm the prices. Large changes need an additional check. The original record remains available when a listing changes.
- Updated Nov 4, 2026, 10:14 AM UTC