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Rental Market Trends in Coral Gables, FL

What is the average rent in Coral Gables, FL?

$2,654/month

Average Rent

690 Sq Ft

Average Apartment Size

-0.9%

Decrease in the Last Year

As of April 2026, the average rent in Coral Gables, FL is $2,654 per month. This is 62% higher than the national average rent price of $1,641/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 $2,246 per month for a studio, $2,654 for a one-bedroom apartment, and around $4,090 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $7,705 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$2,246/month
486 Sq Ft
One Bedroom
$2,654/month
690 Sq Ft
Two Bedroom
$4,090/month
1,079 Sq Ft
Three Bedroom
$7,705/month
1,640 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,678/month
944 Sq Ft
Two Bedroom
$4,045/month
1,242 Sq Ft
Three Bedroom
$6,244/month
1,747 Sq Ft
Four Bedroom
$13,421/month
3,004 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$2,625/month
725 Sq Ft
Two Bedroom
$4,327/month
1,064 Sq Ft
Three Bedroom
$10,914/month
2,005 Sq Ft
Four Bedroom
$19,608/month
2,578 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$4,754/month
1,246 Sq Ft
Three Bedroom
$7,184/month
2,071 Sq Ft
Four Bedroom
$12,216/month
2,611 Sq Ft

How much has average rent changed in Coral Gables, FL?

In the past year, rent has decreased by 0.9%, which averages out to $24 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 Coral Gables, FL
Last Updated April 2026
Above $2,000
Most rental prices fall within this range
Rent Ranges in Coral Gables, FL
Percentage*
Rent Range
3% Below $700/month
6% $700 - $1,000/month
24% $1,001 - $1,500/month
19% $1,501 - $2,000/month
48% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Coral Gables?

Based on current rent prices, Douglas, Granada and Coral Gables Section are the most affordable neighborhoods in Coral Gables.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Douglas
$2,418/month
787 Sq Ft
Granada
$2,420/month
691 Sq Ft
Coral Gables Section
$2,963/month
816 Sq Ft
Upper Riviera
$3,132/month
766 Sq Ft
Crafts
$3,151/month
751 Sq Ft
Golden Gate
$3,209/month
784 Sq Ft
Village of Merrick Park
$3,339/month
753 Sq Ft
Lower Riviera
$3,614/month
858 Sq Ft
Coconut Grove WH Center
$3,873/month
752 Sq Ft

What are the most expensive neighborhoods in Coral Gables?

Based on current rent prices, Coconut Grove WH Center, Lower Riviera and Village of Merrick Park are the most expensive neighborhoods in Coral Gables.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Coconut Grove WH Center
$3,873/month
752 Sq Ft
Lower Riviera
$3,614/month
858 Sq Ft
Village of Merrick Park
$3,339/month
753 Sq Ft
Golden Gate
$3,209/month
784 Sq Ft
Crafts
$3,151/month
751 Sq Ft
Upper Riviera
$3,132/month
766 Sq Ft
Coral Gables Section
$2,963/month
816 Sq Ft
Granada
$2,420/month
691 Sq Ft
Douglas
$2,418/month
787 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, Crafts and Upper Riviera .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Village of Merrick Park
$3,339/month
753 Sq Ft
Crafts
$3,151/month
751 Sq Ft
Upper Riviera
$3,132/month
766 Sq Ft
Coral Gables Section
$2,963/month
816 Sq Ft
Lower Riviera
$3,614/month
858 Sq Ft
Douglas
$2,418/month
787 Sq Ft
Golden Gate
$3,209/month
784 Sq Ft
Coconut Grove WH Center
$3,873/month
752 Sq Ft
Granada
$2,420/month
691 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Coral Gables, FL?

Because the average rent in Coral Gables is $2,654, you’ll want to make about $8,846 per month or $106,152 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

Coral Gables, FL

3,186 Available Apartments for Rent

Search for Nearby Apartments

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.

Explore the Area Guide for Coral Gables, FL

Apartment Averages

Douglas

Coral Gables, FL

Coconut Grove WH Center

Coral Gables, FL

Studio
$1,308/month
-
One Bedroom
$1,535/month
-
Two Bedroom
$2,120/month
-
Three Bedroom
$4,565/month
-
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Nearby City Rent Trends

  • South Miami Average Rent
  • Pinecrest Average Rent
  • Coconut Grove Average Rent
  • West Miami Average Rent

Apartment communities in Coral Gables we think you'll love

Alexan Roxy

Alexan Roxy

330 Catalonia Ave,
Coral Gables, FL 33134

$3,020 - $9,668 Total Monthly Price

1-3 Beds

Blume Coral Gables

Blume Coral Gables

1501 SW 37th Ave,
Miami, FL 33145

$2,800 - $3,800 Total Monthly Price

Studio - 2 Beds

Douglas Enclave

Douglas Enclave

61 NW 37th Ave,
Miami, FL 33125

$1,950 - $2,900

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

Property Management Companies in Coral Gables, FL

Greystar
Greystar
  • 3,488

    Communities

  • 959,885

    Units

  • 891

    Cities

7 Communities in Coral Gables
ZRS Management
ZRS Management
  • 362

    Communities

  • 108,442

    Units

  • 140

    Cities

3 Communities in Coral Gables
Westdale
Westdale
  • 90

    Communities

  • 24,755

    Units

  • 40

    Cities

3 Communities in Coral Gables
Gables Residential
Gables Residential
  • 85

    Communities

  • 21,944

    Units

  • 38

    Cities

3 Communities in Coral Gables
AvalonBay
AvalonBay
  • 208

    Communities

  • 74,042

    Units

  • 142

    Cities

2 Communities in Coral Gables
Highmark Residential
Highmark Residential
  • 208

    Communities

  • 60,049

    Units

  • 114

    Cities

2 Communities in Coral Gables
Alfred
Alfred
  • 82

    Communities

  • 23,370

    Units

  • 49

    Cities

2 Communities in Coral Gables
RKW Residential Management
RKW Residential Management
  • 81

    Communities

  • 23,127

    Units

  • 49

    Cities

2 Communities in Coral Gables

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United States Florida Coral Gables 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