Average Rent in Southwest Coconut Grove, Miami, FL

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Current Versus Historical Southwest Coconut Grove, Miami, FL Rents

Southwest Coconut Grove rentals average $0 for a studio rental to $18,000 for a 4-bedroom rental. The median price of all currently available listings is $7,790, or roughly $4 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $3,855 (-62.13%) year-over-year from $6,205 to $2,350. 1-bedroom rentals prices have decreased by $767 (-29.87%) year-over-year from $2,567 to $1,800. 2-bedroom rentals prices have decreased by $500 (-10.53%) year-over-year from $4,750 to $4,250. 3-bedroom rentals prices have increased by $1,533 (23.90%) year-over-year from $6,417 to $7,950. 4-bedroom rentals prices have increased by $7,300 (68.22%) year-over-year from $10,700 to $18,000. 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 191.32% this month. 1-bedroom rents have gone down by 15.95% this month. 2-bedroom rents have gone up by 4.51% this month. 3-bedroom rents have gone up by 3.97% this month. 4-bedroom rents have gone up by 17.39% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
1 BR	$3.83	$1,800	$2,567 (-29.87%)	$1,908 (-5.68%)
2 BR	$3.42	$4,250	$4,750 (-10.53%)	$2,883 (47.44%)
3 BR	$4.22	$7,950	$6,417 (23.90%)	$4,398 (80.75%)
4+ BR	$5.14	$18,000	$10,700 (68.22%)	$9,667 (86.21%)

Historical Rents in Southwest Coconut Grove, Miami, FL

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near Southwest Coconut Grove

There are a total of 29 cities nearby Southwest Coconut Grove. The average rent in Southwest Coconut Grove is currently $3,000 per month. A total of 26 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 Southwest Coconut Grove, Miami, FL is Bal Harbour, FL. Monthly rents here are on average $9,400 per month.

Let's compare Southwest Coconut Grove, Miami, FL's rent against other top cities nearby by bedroom size. Typically, rent for studios in Southwest Coconut Grove, Miami, FL is inf% more affordable than other cities nearby. One bedrooms are about 2.56% more affordable. Two bedrooms in Southwest Coconut Grove, Miami, FL are about 13.04% more expensive. Finally, rent for three bedrooms are about 37.10% more expensive. Want more information? Check out the top 10 cities out of 29 total cities near Southwest Coconut Grove, Miami, FL in the following chart.

City	Studio	1 Bed	2 Bed	All
Fountainebleau, FL	N/A	$2,100	$2,500	$2,625
Glenvar Heights, FL	N/A	$2,000	$2,625	$2,665
Kendall, FL	$1,970	$2,000	$2,500	$2,800
Doral, FL	$1,900	$2,325	$2,850	$3,600
Miami, FL	$2,350	$3,100	$4,300	$3,850
Miami Beach, FL	$2,300	$2,950	$5,275	$3,850
Coral Gables, FL	$1,930	$2,275	$3,959	$4,450
Palmetto Bay, FL	N/A	$1,800	$2,300	$5,800
Pinecrest, FL	N/A	$1,950	$2,450	$7,900
Key Biscayne, FL	$14,200	$3,500	$6,900	$8,000

Top Neighborhoods Near Southwest Coconut Grove

There are a total of 36 neighborhoods in or near Southwest Coconut Grove. Some of these neighborhoods include Altos Del Mar South, Flamingo - Lummus, and East Little Havana. We've included the top 30 neighborhoods out of 36 total neighborhoods in or near Southwest Coconut Grove, Miami, FL in the following chart.

The average rent for these 30 neighborhoods in or near Southwest Coconut Grove, Miami, FL is currently around $3,338 per month. A total of 32 neighborhoods have a lower average rent. Out of all the neighborhoods in or near Southwest Coconut Grove, Altos Del Mar South has the most affordable average rent at $2,100 per month. Whereas, at $9,400 average rent per month, Bal Harbour is the most expensive neighborhood in or near Southwest Coconut Grove. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
Altos Del Mar South, Miami Beach, FL	$1,750	$1,990	$3,600	$2,100
Flamingo - Lummus, Miami Beach, FL	$1,800	$2,225	$4,000	$2,200
East Little Havana, Miami, FL	$1,550	$1,990	$2,500	$2,300
Allapattah, Miami, FL	$1,750	$1,950	$2,500	$2,375
Normandy Isles, Miami Beach, FL	$2,375	$2,000	$2,550	$2,500
Flagami, Miami, FL	$1,425	$1,875	$2,625	$2,600
Treasure Island, North Bay Village, FL	$1,945	$2,200	$2,825	$2,650
Glenvar Heights, FL	N/A	$2,000	$2,625	$2,665
West Little Havana, Miami, FL	$1,650	$1,863	$2,700	$2,725
Little Haiti, Miami, FL	$1,575	$1,913	$2,588	$2,900
Liberty City, Miami, FL	$1,400	$1,650	$2,350	$2,900
Cutler Bay, FL	N/A	$1,800	$2,400	$3,000
Upper East Side, Miami, FL	$1,575	$2,325	$2,850	$3,275
City Center, Miami Beach, FL	$2,800	$3,200	$9,000	$3,300
Coral Way, Miami, FL	$1,850	$2,250	$2,988	$3,375
Downtown Miami, Miami, FL	$2,770	$3,000	$4,200	$3,500
West Avenue, Miami Beach, FL	$2,400	$3,300	$4,900	$3,545
Media and Entertainment District, Miami, FL	$2,450	$3,100	$4,500	$3,600
South Miami, FL	N/A	$2,100	$2,975	$3,675
Wynwood, Miami, FL	$2,600	$3,500	$4,825	$4,025
Brickell, Miami, FL	$3,000	$3,500	$5,200	$4,475
Edgewater, Miami, FL	$2,150	$3,300	$5,800	$5,200
Altos Del Mar, Surfside, FL	$2,750	$2,950	$5,500	$5,700
Park West, Miami, FL	$4,300	$4,050	$5,725	$5,775
Palmetto Bay, FL	N/A	$1,800	$2,300	$5,800
Bayshore, Miami Beach, FL	$1,964	$2,372	$6,050	$6,950
Northeast Coconut Grove, Miami, FL	$2,500	$2,600	$6,250	$7,000
Pinecrest, FL	N/A	$1,950	$2,450	$7,900
Village of Key Biscayne, Key Biscayne, FL	$14,200	$3,500	$6,900	$8,000
South Pointe, Miami Beach, FL	$2,000	$3,775	$9,000	$8,400

Top Counties Near Southwest Coconut Grove

There are a total of 36 counties located by Southwest Coconut Grove, Miami, FL. Some of these counties include Hialeah, FL, Kendale Lakes-Tamiami, FL, and Miami Gardens, FL. The average rent for rentals in these counties is $3,413. That's roughly around $3 per sqft. A total of 9 counties have a lower average rent. The county that is the most affordable is Hialeah, FL. It's average rent per month is $2,785. Vice versa, with an average rent of $8,000, Key Biscayne, FL is the most expensive county by Southwest Coconut Grove, Miami, FL.

Typically, rent for studios in Southwest Coconut Grove, Miami, FL is inf% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Southwest Coconut Grove, Miami, FL is 6.41% more affordable than other counties nearby. Finally, rent for two bedrooms in Southwest Coconut Grove, Miami, FL is 7.83% more expensive than other counties nearby. We've listed the top 10 counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Hialeah, FL	$1,400	$1,850	$2,400	$2,785
Kendale Lakes-Tamiami, FL	$1,250	$1,900	$2,500	$3,000
Miami Gardens, FL	N/A	$1,500	$2,250	$3,000
Hallandale Beach, FL	$1,700	$2,200	$3,300	$3,200
North Westside, FL	$1,900	$2,250	$2,700	$3,325
Miami, FL	$2,081	$2,755	$3,750	$3,500
Kendall-Palmetto Bay, FL	$1,850	$1,950	$2,600	$3,688
South Westside, FL	$1,400	$1,650	$2,600	$3,750
Miami Beach, FL	$2,300	$2,850	$5,450	$4,500
Key Biscayne, FL	$14,200	$3,500	$6,900	$8,000

Top Zipcodes Near Southwest Coconut Grove

There are a total of 48 zipcodes in or near Southwest Coconut Grove, Miami, FL. The average rent for all of these zipcodes is $3,275. A total of 47 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33162, Miami, FL at $2,100 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 $1,531. That's at least $3 per sqft. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Southwest Coconut Grove, Miami, FL is $2,003 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,699 per month. Which comes out to $3 per sqft. The following chart includes the top 10 zipcodes in Southwest Coconut Grove, Miami, FL. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
33133, Miami, FL	$2,500	$2,500	$3,938	$5,100
33146, Coral Gables, FL	$1,850	$2,594	$4,034	$6,000
33145, Miami, FL	$1,675	$2,300	$2,950	$3,400
33134, Coral Gables, FL	$1,940	$2,100	$3,500	$3,500
33135, Miami, FL	$1,400	$1,975	$2,375	$2,250
33143, South Miami, FL	N/A	$2,000	$2,500	$2,773
33129, Miami, FL	$1,850	$2,925	$4,400	$4,000
33130, Miami, FL	$2,350	$3,100	$4,250	$3,800
33125, Miami, FL	$1,750	$1,875	$2,550	$2,500
33156, Pinecrest, FL	N/A	$2,388	$2,848	$5,000

Frequently Asked Questions - Southwest Coconut Grove Average Rents

What is the average rent price in Southwest Coconut Grove, Miami, FL?

The average monthly rental price for Southwest Coconut Grove, Miami, FL apartments for rent is approximately $7,790. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do Southwest Coconut Grove, Miami, 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 Southwest Coconut Grove, Miami, FL.

How much is a studio apartment in Southwest Coconut Grove, Miami, FL?

The average monthly rental price for studio apartments is $0 and an average price per square feet of $0.00. There are a total of 1 studio apartment listings currently available for rent in Southwest Coconut Grove.

How much is a one bedroom apartment in Southwest Coconut Grove, Miami, FL?

The average monthly rental price for one bedroom apartments is $1,950 and an average price per square feet of $3.83. There are a total of 6 one bedroom apartment listings currently available for rent in Southwest Coconut Grove.

How much is a two bedroom apartment in Southwest Coconut Grove, Miami, FL?

The average monthly rental price for two bedroom apartments is $2,875 and an average price per square feet of $3.42. There are a total of 8 two bedroom apartment listings currently available for rent in Southwest Coconut Grove.

How have rent prices in Southwest Coconut Grove, Miami, FL changed this year?

Rent prices for rentals in Southwest Coconut Grove, Miami, FL can fluctuate yearly. Specifically, studio rental prices have changed by -0.62%, one bedroom rental prices have changed by -0.30%, two bedroom rental prices have changed by -0.11%, and three bedroom rental prices have changed by 0.24% year-over-year.

What is a reasonable rent price in Southwest Coconut Grove, Miami, FL?

A reasonable rent price in Southwest Coconut Grove, Miami, FL is around $6,232/month. You can search for these reasonably priced rental listings on RentHop.