Coconut Grove

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Coconut Grove, FL Area Guide

Avg Rent

$2,328

Population

21,865

Renter Mix

41% Rent

Miami’s most popular nightlife district

Coastal Beach Walkable Nightlife Boating Parks

Coconut Grove, Miami's oldest continuously inhabited neighborhood, combines historic charm with modern living. Tree-lined streets and lush vegetation create a natural canopy throughout this established community. Current rental trends show studio apartments averaging $2,354, one-bedrooms at $2,290, and two-bedrooms commanding $3,437. The neighborhood centers around Main, McFarland, and Grand Avenues, where CocoWalk's open-air shopping and dining destination anchors a walkable district filled with sidewalk cafes and independent shops.

The Grove's history spans from its early Bahamian settlers to its evolution as a waterfront community. Maritime attractions include Dinner Key Marina and several sailing clubs along Biscayne Bay. The neighborhood preserves its past through landmarks like Vizcaya Museum and Gardens and The Barnacle Historic State Park. The annual Coconut Grove Arts Festival draws visitors from across the region, while the Goombay Festival honors the area's Bahamian heritage. Housing options range from historic Mediterranean Revival homes to contemporary waterfront residences, all benefiting from refreshing bay breezes and tree-shaded streets.

Demographics

Median Household Income

$119,076

Average: $152,124

Education

11,888

Residents Have a Degree

Job Market

11,764

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

44 Years

Largest Age Group

35-44 Years

Approximately 15% of Residents

Under 20

22%

Over 65

22%

Housing Distribution

Coconut Grove has more homeowners than renters.

Renters
41%
Non-Renters
59%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
51%
Other Education
49%

Rent Trends

As of April 2026, the average apartment rent in Coconut Grove, FL is $2,350 for a studio, $2,328 for one bedroom, and $3,477 for two bedrooms. Apartment rent in Coconut Grove has decreased by -0.4% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$2,328/month
612 Sq Ft
House
$11,253/month
2,330 Sq Ft
Condo
$7,029/month
1,290 Sq Ft
Townhome
$7,599/month
1,958 Sq Ft
See Rental Market Trends in Coconut Grove, FL

Getting Around

Moderately Walkable

Walkability

60 / 100

Some Public Transit

Transit

50 / 100

Very Drivable

Drivability

80 / 100

Moderately Bikeable

Bikeability

60 / 100

Points of Interest

Shopping Centers

Parks and Recreation

  • The Barnacle Historic State Park
  • The Kampong
  • Miami Science Museum - Closed
  • Vizcaya Museum and Gardens
  • Gifford Arboretum

Airports

  • Miami International
  • Fort Lauderdale/Hollywood International

Top Apartments in Coconut Grove

Houses for Rent in Coconut Grove

Property Management Companies in Coconut Grove, FL

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.