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Rental Market Trends in Coconut Grove, FL

Updated September 2026

The average rent in Coconut Grove, FL is $2,311/month.

Rent in Coconut Grove is 39% higher than the national average rent of $1,664/month, making this one of the more expensive cities statewide.

$2,311/month

Average Rent

612 Sq Ft

Average Size

-1.1%

Change / Year

823

Available Apartments

Coconut Grove rent varies by unit size and layout:

  • Studio apartments in Coconut Grove average $2,395 per month.
  • One-bedroom apartments in Coconut Grove average $2,311 per month.
  • Two-bedroom apartments in Coconut Grove average $3,525 per month.
  • Three-bedroom apartments in Coconut Grove average or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$2,395/month
490 Sq Ft
One Bedroom
$2,311/month
612 Sq Ft
Two Bedroom
$3,525/month
1,032 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$4,986/month
1,222 Sq Ft
Three Bedroom
$7,766/month
1,797 Sq Ft
Four Bedroom
$15,294/month
2,924 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$3,253/month
765 Sq Ft
Two Bedroom
$6,082/month
1,148 Sq Ft
Three Bedroom
$16,204/month
2,137 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$4,356/month
1,146 Sq Ft
Three Bedroom
$8,276/month
2,044 Sq Ft
Four Bedroom
$13,625/month
3,187 Sq Ft
View Coconut Grove Apartments

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

In the past year, rent has decreased by 1.1%, which averages out to $25 less per month.

Market Trends Over Time

September 2026

2025 2026
Market Trends Over Time

Rent Ranges in Coconut Grove, FL

September 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 $2,311, you’ll want to make about $7,703 per month or $92,436 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

823 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.

View the Coconut Grove Area Guide

Apartment Averages

Compare Rent Trends Nearby

Get a clearer picture of the area by viewing rent trends in nearby cities.

  • Coral Gables

    Coral Gables

    Avg Rent: $2,659/month

  • Miami

    Miami

    Avg Rent: $2,237/month

  • South Miami

    South Miami

    Avg Rent: $2,200/month

  • West Miami

    West Miami

    Avg Rent: $2,330/month

  • Key Biscayne

    Key Biscayne

    Avg Rent: $2,727/month

  • Pinecrest

    Pinecrest

    Avg Rent: $1,919/month

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

Studio - 2 Beds | $2,555 - $3,786

Life Time Living at Gables Station

Life Time Living at Gables Station

227 S Dixie Hwy,
Coral Gables, FL 33133

Studio - 3 Beds | $3,268 - $8,983

Orduna Court

Orduna Court

800 S Dixie Hwy,
Coral Gables, FL 33146

2-3 Beds | $3,900 - $5,600

Grove Central Residences

Grove Central Residences

2800 SW 27th Ter,
Miami, FL 33133

Studio - 5 Beds | $2,196 - $8,846

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Frequently Asked Questions

What is the average rent in Coconut Grove?

The average rent in Coconut Grove is $2,311 per month, which is 38.9% higher than the national average of $1,664.

What is the average rent for a house in Coconut Grove?

The average rent for a house in Coconut Grove, FL is $7,766 per month.

What is the average rent for a townhome in Coconut Grove?

The average rent for a townhome in Coconut Grove, FL is $4,356 per month.

What is the average rent for a condo in Coconut Grove?

The average rent for a condo in Coconut Grove, FL is $3,253 per month.

Are rents going up or down in Coconut Grove?

Rents in Coconut Grove, FL are decreasing, with prices down 1.1% year-over-year and $25 less per month.

What rent range is most common in Coconut Grove?

In Coconut Grove, FL, 67% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

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 September 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