Rod and cone photoreceptors use specialized biochemistry to generate light responses that differ in their sensitivity and kinetics. However, it is unclear whether there are also synaptic differences that affect the transmission of visual information. Here, we report that in the dark, rods tonically release synaptic vesicles at a much slower rate than cones, as measured by the release of the fluorescent vesicle indicator FM1-43. To determine whether slower release results from a lower Ca 2ϩ sensitivity or a lower dark concentration of Ca 2ϩ , we imaged fluorescent indicators of synaptic vesicle cycling and intraterminal Ca 2ϩ . We report that the Ca 2ϩ sensitivity of release is indistinguishable in rods and cones, consistent with their possessing similar release machinery. However, the dark intraterminal Ca 2ϩ concentration is lower in rods than in cones, as determined by two-photon Ca 2ϩ imaging. The lower level of dark Ca 2ϩ ensures that rods encode intensity with a slower vesicle release rate that is better matched to the lower information content of dim light.