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Rental Market Trends in Coconut Grove, FL

What is the average rent in Coconut Grove, FL?

$2,333/month

Average Rent

612 Sq Ft

Average Apartment Size

-0.2%

Decrease in the Last Year

As of April 2026, the average rent in Coconut Grove, FL is $2,333 per month. This is 42% higher than the national average rent price of $1,641/month, making Coconut Grove one of the most expensive cities in the US. When you rent an apartment in Coconut Grove, you can expect to pay about $2,368 per month for a studio, $2,333 for a one-bedroom apartment, and around $3,465 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$2,368/month
490 Sq Ft
One Bedroom
$2,333/month
612 Sq Ft
Two Bedroom
$3,465/month
1,032 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$3,400/month
983 Sq Ft
Two Bedroom
$4,337/month
1,405 Sq Ft
Three Bedroom
$7,652/month
1,880 Sq Ft
Four Bedroom
$16,558/month
3,073 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$3,368/month
828 Sq Ft
Two Bedroom
$5,598/month
1,178 Sq Ft
Three Bedroom
$12,292/month
2,137 Sq Ft
Four Bedroom
$33,454/month
3,172 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$5,272/month
1,336 Sq Ft
Three Bedroom
$8,244/month
2,086 Sq Ft
Four Bedroom
$11,338/month
2,713 Sq Ft

How much has average rent changed in Coconut Grove, FL?

In the past year, rent has decreased by 0.2%, which averages out to $5 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Coconut Grove, FL
Last Updated April 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Coconut Grove, FL
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
33% $1,001 - $1,500/month
0% $1,501 - $2,000/month
67% Above $2,000/month

What salary do I need to live comfortably in Coconut Grove, FL?

Because the average rent in Coconut Grove is $2,333, you’ll want to make about $7,776 per month or $93,312 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Coconut Grove, FL

1,117 Available Apartments for Rent

Search for Nearby Apartments

How does Coconut Grove, FL compare to other nearby cities and neighborhoods?

Use the tool below to compare Coconut Grove, FL to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Coconut Grove, FL

Apartment Averages

Nearby City Rent Trends

  • Miami Average Rent

Apartment communities in Coconut Grove we think you'll love

Platform 3750 Apartment Homes

Platform 3750 Apartment Homes

3750 S Dixie Hwy,
Coconut Grove, FL 33133

$2,595 - $3,812

Studio - 2 Beds

Life Time Living at Gables Station

Life Time Living at Gables Station

227 S Dixie Hwy,
Coral Gables, FL 33133

$2,243 - $10,664

Studio - 3 Beds

Grove Central Residences

Grove Central Residences

2800 SW 27th Ter,
Miami, FL 33133

$2,159 - $8,774 Total Monthly Price

Studio - 5 Beds

Avalon Merrick Park

Avalon Merrick Park

3811 Shipping Ave,
Miami, FL 33146

$2,300 - $5,305

Studio - 3 Beds

Property Management Companies in Coconut Grove, FL

Alfred
Alfred
  • 82

    Communities

  • 23,370

    Units

  • 49

    Cities

2 Communities in Coconut Grove
RKW Residential Management
RKW Residential Management
  • 81

    Communities

  • 23,127

    Units

  • 49

    Cities

2 Communities in Coconut Grove
LeFrak
LeFrak
  • 10

    Communities

  • 14,332

    Units

  • 6

    Cities

2 Communities in Coconut Grove
Greystar
Greystar
  • 3,489

    Communities

  • 959,575

    Units

  • 892

    Cities

1 Community in Coconut Grove
AvalonBay
AvalonBay
  • 208

    Communities

  • 74,042

    Units

  • 142

    Cities

1 Community in Coconut Grove
ZRS Management
ZRS Management
  • 362

    Communities

  • 108,442

    Units

  • 140

    Cities

1 Community in Coconut Grove
Mill Creek Residential
Mill Creek Residential
  • 90

    Communities

  • 27,800

    Units

  • 57

    Cities

1 Community in Coconut Grove
Gables Residential
Gables Residential
  • 84

    Communities

  • 21,804

    Units

  • 37

    Cities

1 Community in Coconut Grove

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United States Florida Coconut Grove Rental Trends

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.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity