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Rental Market Trends in Coral Gables, FL

Updated July 2026

The average rent in Coral Gables, FL is $2,675/month.

Rent in Coral Gables is 61% higher than the national average rent of $1,662/month, making this one of the more expensive cities statewide.

$2,675/month

Average Rent

690 Sq Ft

Average Size

-2%

Change / Year

2,595

Available Apartments

Coral Gables rent varies by unit size and layout:

  • Studio apartments in Coral Gables average $2,123 per month.
  • One-bedroom apartments in Coral Gables average $2,675 per month.
  • Two-bedroom apartments in Coral Gables average $4,139 per month.
  • Three-bedroom apartments in Coral Gables average $7,977 or more per month.

Average Rent by Home Type

Bedrooms
Average Rent
Average Sq Ft
Studio
$2,123/month
475 Sq Ft
One Bedroom
$2,675/month
690 Sq Ft
Two Bedroom
$4,139/month
1,079 Sq Ft
Three Bedroom
$7,977/month
1,640 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$2,238/month
1,151 Sq Ft
Two Bedroom
$4,154/month
1,215 Sq Ft
Three Bedroom
$6,757/month
1,711 Sq Ft
Four Bedroom
$14,415/month
3,060 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
One Bedroom
$2,610/month
676 Sq Ft
Two Bedroom
$4,199/month
1,016 Sq Ft
Three Bedroom
$12,023/month
2,002 Sq Ft
Four Bedroom
$19,528/month
2,728 Sq Ft
Bedrooms
Average Rent
Average Sq Ft
Two Bedroom
$4,186/month
1,320 Sq Ft
Three Bedroom
$7,412/month
2,107 Sq Ft
Four Bedroom
$12,919/month
3,076 Sq Ft
View Coral Gables Apartments

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

In the past year, rent has decreased by 2%, which averages out to $52 less per month.

Market Trends Over Time

July 2026

2025 2026
Market Trends Over Time

Rent Ranges in Coral Gables, FL

July 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
25% $1,001 - $1,500/month
19% $1,501 - $2,000/month
47% Above $2,000/month

Rent by Neighborhood

  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Coral Gables?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Douglas
$2,500/month
693 Sq Ft
Granada
$2,598/month
730 Sq Ft
Upper Riviera
$2,931/month
783 Sq Ft
Coral Gables Section
$2,985/month
740 Sq Ft
Golden Gate
$3,076/month
828 Sq Ft
Lower Riviera
$3,228/month
782 Sq Ft
Crafts
$3,363/month
752 Sq Ft
Coconut Grove WH Center
$4,719/month
735 Sq Ft

What are the most expensive neighborhoods in Coral Gables?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Coconut Grove WH Center
$4,719/month
735 Sq Ft
Crafts
$3,363/month
752 Sq Ft
Lower Riviera
$3,228/month
782 Sq Ft
Golden Gate
$3,076/month
828 Sq Ft
Coral Gables Section
$2,985/month
740 Sq Ft
Upper Riviera
$2,931/month
783 Sq Ft
Granada
$2,598/month
730 Sq Ft
Douglas
$2,500/month
693 Sq Ft

Which Coral Gables neighborhoods have the most rentals available?

The neighborhoods in Coral Gables with the most apartments available are Crafts, Coral Gables Section and Upper Riviera .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Crafts
$3,363/month
752 Sq Ft
Coral Gables Section
$2,985/month
740 Sq Ft
Upper Riviera
$2,931/month
783 Sq Ft
Douglas
$2,500/month
693 Sq Ft
Golden Gate
$3,076/month
828 Sq Ft
Granada
$2,598/month
730 Sq Ft
Lower Riviera
$3,228/month
782 Sq Ft
Coconut Grove WH Center
$4,719/month
735 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 $2,675, you’ll want to make about $8,916 per month or $106,992 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

2,595 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.

View the Coral Gables Area Guide

Apartment Averages

Douglas

Coral Gables, FL

Coconut Grove WH Center

Coral Gables, FL

Studio
$1,341/month
-
One Bedroom
$1,544/month
-
Two Bedroom
$2,124/month
-
Three Bedroom
$4,598/month
-
View Rentals
View Rentals

Compare Rent Trends Nearby

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

  • South Miami

    South Miami

  • Coconut Grove

    Coconut Grove

Apartment Communities in Coral Gables We Think You'll Love

Alexan Roxy

Alexan Roxy

330 Catalonia Ave,
Coral Gables, FL 33134

1-3 Beds | $3,365 - $9,683

Blume Coral Gables

Blume Coral Gables

1501 SW 37th Ave,
Miami, FL 33145

Studio - 2 Beds | $2,800 - $3,800

Douglas Enclave

Douglas Enclave

61 NW 37th Ave,
Miami, FL 33125

Studio - 2 Beds | $1,950 - $2,900

Gables Columbus Center

Gables Columbus Center

60 Minorca Ave,
Coral Gables, FL 33134

Studio - 3 Beds | $2,912 - $6,923

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Frequently Asked Questions

What is the average rent in Coral Gables?

The average rent in Coral Gables is $2,675 per month, which is 61.0% higher than the national average of $1,662.

What is the average rent for a house in Coral Gables?

The average rent for a house in Coral Gables, FL is $6,757 per month.

What is the average rent for a townhome in Coral Gables?

The average rent for a townhome in Coral Gables, FL is $4,186 per month.

What is the average rent for a condo in Coral Gables?

The average rent for a condo in Coral Gables, FL is $2,610 per month.

Are rents going up or down in Coral Gables?

Rents in Coral Gables, FL are decreasing, with prices down 2.0% year-over-year and $52 less per month.

What rent range is most common in Coral Gables?

In Coral Gables, FL, 47% of apartments fall above $2,000/month, though prices may vary depending on location and other factors.

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 June 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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© 2026 CoStar Group, Inc. Equal Housing Opportunity

Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity