701 Valencia
701 Valencia,
Coral Gables, FL 33134
2 Beds | $7,300 - $10,900
Rental Market Trends in Coral Gables, FL
What is the average rent in Coral Gables, FL?
$2,621/month
Average Rent
691 Sq Ft
Average Apartment Size
+1.8%
Increase in the Last Year
As of June 2025, the average rent in Coral Gables, FL is $2,621 per month. This is 61% higher than the national average rent price of $1,627/month, making Coral Gables one of the most expensive cities in the US. When you rent an apartment in Coral Gables, you can expect to pay about $2,384 per month for a studio, $2,621 for a one-bedroom apartment, and around $3,941 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $6,606 or more.
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
How much has average rent changed in Coral Gables, FL?
In the past year, rent has increased by 1.8%, which averages out to $48 more per month.
Market Trends Over Time
The chart below compares average rent prices to the previous year during the same time period.
Last Updated June 2025
Legend
2024
2025
Rent Ranges in Coral Gables, FL
Last Updated June 2025
Above $2,000
Most rental prices fall within this range
Percentage*
Rent Range
3%
Below $700/month
6%
$700 - $1,000/month
27%
$1,001 - $1,500/month
19%
$1,501 - $2,000/month
44%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Coral Gables?
Based on current rent prices, Coconut One, Douglas and Granada are the most affordable neighborhoods in Coral Gables.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Coral Gables?
Based on current rent prices, Coconut Grove WH Center, Lower Riviera and Golden Gate are the most expensive neighborhoods in Coral Gables.
Neighborhood
Average Rent
Average Sq Ft
Which Coral Gables neighborhoods have the most rentals available?
The neighborhoods in Coral Gables with the most apartments available are Village of Merrick Park, Coral Gables Section and Upper Riviera .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Coral Gables, FL?
Because the average rent in Coral Gables is $2,621, you’ll want to make about $8,736 per month or $104,832 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.
How does Coral Gables, FL compare to other nearby cities and neighborhoods?
Use the tool below to compare Coral Gables, 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.
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One Bedroom
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Nearby City Rent Trends
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ZRS Management
-
312
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130
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Highmark Residential
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218
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-
62,730
Units
-
117
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RKW Residential Management
-
56
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-
14,830
Units
-
27
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Grand Peaks
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39
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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 June 2025.
* Percentages may not total 100 due to rounding.