8 Florida Waterfront Towns Where You Can Retire on $1,900 a Month (Or Less)

Florida has long been a top destination for a stress-free retirement, thanks to its tax-friendly policies, warm weather, expansive coastline, and gorgeous waterfront views.

It's no secret anymore, either, as population growth across the state shows few signs of slowing. With rising demand, higher prices have come, but that doesn't mean waterfront living is out of reach.

According to our FinanceBuzz study, these eight Florida cities still have average monthly rent under $1,900, making it easier to afford and enjoy a life by the water and all it has to offer.

Median monthly rent: $1,871

Life in Cape Coral is meant to be lived on the Gulf, as this city has no less than 400 miles of canals, prime for waterfront living.

Relatively affordable compared to nearby ritzy Naples, the cost of living in Cape Coral is 1% higher than the national average, with housing costs slightly lower. Cape Coral is also known for its laid-back vibe, birdwatching, and fun food scene.

Famous for fishing, Punta Gorda sits on the confluence of the Peace River and Charlotte Harbor. Residents enjoy strolling through Fisherman's Village, dining on seafood, and, of course, the beach.

This hidden gem holds onto its "Old Florida" appeal while remaining cosmopolitan. The cost of living is 7% under the national average, with housing the overwhelming main driver. For Southwest Florida, that's extremely affordable.

Median monthly rent: $1,722

This Treasure Coast destination attracts retirees with championship golf, spring training baseball, endless ways to enjoy the outdoors, and more than 20 miles of sandy shoreline.

While the overall cost of living mirrors the national average, savings are present in lower utility and health care expenses. The fun Port District adds to the appeal, a pretty spot to stroll and connect with the community.

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Median monthly rent: $1,681

This large yet under-the-radar Space Coast city offers world-class fishing and abundant outdoor recreation. You'll find some of the state's best unspoiled nature at the Turkey Creek Sanctuary here, as well as gorgeous beaches. The amenities and hospitals of Orlando are only an hour away.

The cost of living is 2% below the national average, with grocery and housing costs lower than in South Florida.

Median monthly rent: $1,614

One of the most famous beach towns in Florida, Daytona Beach is known for its car culture, beach driving, boating, and Bike Week.

Despite its high-adrenaline reputation, over one-fifth of the population is 65 or older, with some living in the popular retirement community, Latitude Margaritaville. The cost of living is 1% under the national average, fairly evenly across the board.

Median monthly rent: $1,543

Panama City stands out for its affordable housing and healthcare costs, both of which come in under the national average, while everyday expenses like food, utilities, and transportation remain modestly under as well.

The pristine sands of Shell Island and Camp Helen State Park, as well as the bayside beauty of St. Andrews State Park, are major draws to the area.

Median monthly rent: $1,509

Ranked as a great place to retire thanks to good healthcare and affordability, Sebastian often flies under the radar.

The cost of living is 1% below the national average despite its location on the gorgeous Atlantic Coast. Boating, fishing, and surfing at Monster Hole are all popular activities. Fresh seafood makes for good eating in Sebastian, whether at restaurants or at fun picnics at the Sebastian Inlet.

Median monthly rent: $1,109

Some of Florida's most stunning springs are found in this affordable Old Florida town, where wildlife is prized. Snorkeling in the springs, exploring the Chassahowitzka River, boating, and fishing are all popular here, great for retirees who want a quiet life in nature.

Homosassa Springs is the most affordable waterfront town on our list, with a cost of living lower than many coastal areas in the Sunshine State.

Finding the right place to retire doesn't have to mean sacrificing the dream of waterfront living. These affordable Florida waterfront towns prove that sun, surf, and community can be yours on a realistic monthly budget.

When planning your retirement, focusing on locations with manageable rents, modern conveniences, and the waterfront amenities you have your heart set on can make smart choices that support a comfortable retirement.