Average Rent in Coral Gables, FL

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Current Versus Historical Coral Gables, FL Rents

Coral Gables rentals average $2,150 for a studio rental to $13,450 for a 4-bedroom rental. The median price of all currently available listings is $3,300, or roughly $4 per square feet.
For the apartment units and housing in April 2024, median rents have risen over the last year. Studio rentals prices have increased by $417 (21.01%) year-over-year from $1,983 to $2,400. 1-bedroom rentals prices have increased by $154 (6.73%) year-over-year from $2,295 to $2,449. 2-bedroom rentals prices have increased by $983 (33.15%) year-over-year from $2,967 to $3,950. 3-bedroom rentals prices have increased by $2,551 (31.11%) year-over-year from $8,199 to $10,750. 4-bedroom rentals prices have increased by $10,183 (103.74%) year-over-year from $9,817 to $20,000. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 16.13% this month. 1-bedroom rents have gone up by 3.49% this month. 2-bedroom rents have gone up by 9.77% this month. 3-bedroom rents have gone up by 11.79% this month. 4-bedroom rents have gone up by 50.00% this month.
Beds
Price / Sqft
Apr 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.89 $2,400 $1,983 (21.01%) $1,410 (70.21%)
1 BR $3.53 $2,449 $2,295 (6.73%) $1,979 (23.74%)
2 BR $3.13 $3,950 $2,967 (33.15%) $2,300 (71.74%)
3 BR $4.12 $10,750 $8,199 (31.11%) $4,233 (153.95%)
4+ BR $2.84 $20,000 $9,817 (103.74%) $7,457 (168.20%)

Historical Rents in Coral Gables, FL

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Coral Gables

There are a total of 20 cities nearby Coral Gables. The average rent in Coral Gables is currently $3,300 per month. A total of 10 cities nearby have an average rent lower than that. Our records show that Golden Glades, FL, with an average rent of $2,100, is the most affordable city nearby. In contrast, the most expensive city near Coral Gables, FL is Bal Harbour, FL. Monthly rents here are on average $9,400 per month.

Let's compare Coral Gables, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Coral Gables, FL is 34.01% more expensive than other cities nearby. One bedrooms are about 19.61% more expensive. Two bedrooms in Coral Gables, FL are about 37.50% more expensive. Finally, rent for three bedrooms are about 58.14% more expensive. Want more information? Check out the top 10 cities out of 20 total cities near Coral Gables, FL in the following chart.
City Studio 1 Bed 2 Bed All
Fountainebleau, FL N/A $2,100 $2,500 $2,600
Kendale Lakes, FL N/A $1,900 $2,500 $2,600
Glenvar Heights, FL N/A $2,000 $2,625 $2,665
Kendall, FL $1,970 $1,950 $2,500 $2,800
Hialeah, FL $1,400 $1,850 $2,375 $2,950
Doral, FL $1,900 $2,300 $2,850 $3,600
Miami, FL $2,350 $3,100 $4,250 $3,850
Coral Gables, FL $1,930 $2,300 $3,950 $4,500
Pinecrest, FL N/A $1,950 $2,450 $7,950
Key Biscayne, FL $14,200 $3,500 $6,900 $8,000

Top Neighborhoods Near Coral Gables

There are a total of 34 neighborhoods in or near Coral Gables. Some of these neighborhoods include Altos Del Mar South, Flamingo - Lummus, and East Little Havana. We've included the top 30 neighborhoods out of 34 total neighborhoods in or near Coral Gables, FL in the following chart.

The average rent for these 30 neighborhoods in or near Coral Gables, FL is currently around $3,500 per month. A total of 15 neighborhoods have a lower average rent. Meaning, only fifteen neighborhoods have a higher average rent than $3,500. Interestingly, the neighborhoods' average rent is higher than Coral Gables's average rent, which is only $3,300. Out of all the neighborhoods in or near Coral Gables, Altos Del Mar South has the most affordable average rent at $2,175 per month. Whereas, at $9,400 average rent per month, Bal Harbour is the most expensive neighborhood in or near Coral Gables. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Altos Del Mar South, Miami Beach, FL $1,799 $2,000 $3,600 $2,175
Flamingo - Lummus, Miami Beach, FL $1,800 $2,200 $4,000 $2,200
East Little Havana, Miami, FL $1,700 $1,990 $2,500 $2,300
Allapattah, Miami, FL $1,750 $1,950 $2,500 $2,413
Normandy Isles, Miami Beach, FL $2,375 $2,000 $2,575 $2,500
Flagami, Miami, FL $1,425 $1,875 $2,650 $2,650
Treasure Island, North Bay Village, FL $2,000 $2,200 $2,825 $2,650
Glenvar Heights, FL N/A $2,000 $2,625 $2,665
West Little Havana, Miami, FL $1,650 $1,875 $2,700 $2,700
Little Haiti, Miami, FL $1,550 $1,900 $2,560 $2,900
Liberty City, Miami, FL $1,400 $1,650 $2,400 $2,900
Cutler Bay, FL N/A $1,725 $2,400 $3,000
Upper East Side, Miami, FL $1,575 $2,300 $2,850 $3,300
City Center, Miami Beach, FL $2,800 $3,200 $8,500 $3,300
Coral Way, Miami, FL $1,850 $2,300 $2,975 $3,325
West Avenue, Miami Beach, FL $2,400 $3,300 $4,900 $3,500
Downtown Miami, Miami, FL $2,750 $3,000 $4,200 $3,500
Media and Entertainment District, Miami, FL $2,475 $3,100 $4,500 $3,600
South Miami, FL N/A $2,100 $2,975 $3,750
Wynwood, Miami, FL $2,600 $3,500 $4,825 $4,000
Brickell, Miami, FL $3,000 $3,500 $5,200 $4,500
Edgewater, Miami, FL $2,150 $3,300 $5,800 $5,200
Palmetto Bay, FL N/A $1,800 $2,300 $5,750
Park West, Miami, FL $4,300 $4,175 $5,750 $5,825
Bayshore, Miami Beach, FL $1,964 $2,372 $6,050 $6,725
Northeast Coconut Grove, Miami, FL $2,500 $2,600 $6,250 $7,000
Southwest Coconut Grove, Miami, FL N/A $1,950 $2,875 $7,895
Pinecrest, FL N/A $1,950 $2,450 $7,950
Village of Key Biscayne, Key Biscayne, FL $14,200 $3,500 $6,900 $8,000
South Pointe, Miami Beach, FL $2,000 $3,800 $9,000 $8,450

Top Counties Near Coral Gables

There are a total of 34 counties located by Coral Gables, FL. Some of these counties include Hialeah, FL, Princeton-Goulds, FL, and North Westside, FL. The average rent for rentals in these counties is $3,575. That's roughly around $3 per sqft. A total of 2 counties have a lower average rent. The county that is the most affordable is Princeton-Goulds, FL. It's average rent per month is $2,800. Vice versa, with an average rent of $8,000, Key Biscayne, FL is the most expensive county by Coral Gables, FL.

Typically, rent for studios in Coral Gables, FL is 12.79% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Coral Gables, FL is 18.14% more expensive than other counties nearby. Finally, rent for two bedrooms in Coral Gables, FL is 35.67% more expensive than other counties nearby. We've listed the top 8 counties in the chart below.
County Studio 1 Bed 2 Bed All
Hialeah, FL $1,400 $1,850 $2,400 $2,800
Princeton-Goulds, FL $1,300 $1,650 $2,288 $2,800
North Westside, FL $1,900 $2,225 $2,675 $3,350
Miami, FL $2,125 $2,750 $3,750 $3,500
Kendall-Palmetto Bay, FL $1,850 $1,950 $2,600 $3,650
South Westside, FL $1,400 $1,625 $2,550 $3,750
Miami Beach, FL $2,250 $2,875 $5,400 $4,500
Key Biscayne, FL $14,200 $3,500 $6,900 $8,000

Top Zipcodes Near Coral Gables

There are a total of 36 zipcodes in or near Coral Gables, FL. The average rent for all of these zipcodes is $3,525. A total of 16 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33135, Miami, FL at $2,250 per month. In comparison, the zipcode with the most expensive average rent of $8,000 per month is 33149, Key Biscayne, FL.

Studios in these zipcodes have an average rent of $1,713. That's at least $4 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Coral Gables, FL is $2,161 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,884 per month. Which comes out to $3 per sqft. The following chart includes the top 10 zipcodes in Coral Gables, FL. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
33134, Coral Gables, FL $1,940 $2,123 $3,500 $3,300
33146, Coral Gables, FL $1,850 $2,594 $4,034 $6,250
33133, Miami, FL $2,500 $2,500 $3,950 $5,100
33145, Miami, FL $1,675 $2,325 $2,963 $3,400
33135, Miami, FL $1,400 $1,990 $2,450 $2,250
33125, Miami, FL $1,750 $1,875 $2,550 $2,500
33155, Coral Terrace, FL $1,934 $2,350 $3,000 $3,700
33126, Miami, FL $1,500 $1,850 $2,550 $2,500
33143, South Miami, FL N/A $2,000 $2,500 $2,795
33129, Miami, FL $1,850 $2,950 $4,200 $3,900

Frequently Asked Questions - Coral Gables Average Rents

What is the average rent price in Coral Gables, FL?
The average monthly rental price for Coral Gables, FL apartments for rent is approximately $3,300. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Coral Gables, FL rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Coral Gables, FL.
How much is a studio apartment in Coral Gables, FL?
The average monthly rental price for studio apartments is $2,150 and an average price per square feet of $4.89. There are a total of 3 studio apartment listings currently available for rent in Coral Gables.
How much is a one bedroom apartment in Coral Gables, FL?
The average monthly rental price for one bedroom apartments is $2,550 and an average price per square feet of $3.53. There are a total of 7 one bedroom apartment listings currently available for rent in Coral Gables.
How much is a two bedroom apartment in Coral Gables, FL?
The average monthly rental price for two bedroom apartments is $4,100 and an average price per square feet of $3.13. There are a total of 7 two bedroom apartment listings currently available for rent in Coral Gables.
How have rent prices in Coral Gables, FL changed this year?
Rent prices for rentals in Coral Gables, FL can fluctuate yearly. Specifically, studio rental prices have changed by 0.21%, one bedroom rental prices have changed by 0.07%, two bedroom rental prices have changed by 0.33%, and three bedroom rental prices have changed by 0.31% year-over-year.
What is a reasonable rent price in Coral Gables, FL?
A reasonable rent price in Coral Gables, FL is around $2,640/month. You can search for these reasonably priced rental listings on RentHop.
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