Average Rent in Coral Gables, FL

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Current Versus Historical Coral Gables, FL Rents

Coral Gables rentals average $1,850 for a studio rental to $15,000 for a 4-bedroom rental. The median price of all currently available listings is $4,050, or roughly $3 per square feet.
For the apartment units and housing in November 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $83 (-4.42%) year-over-year from $1,883 to $1,800. 1-bedroom rentals prices have decreased by $358 (-14.43%) year-over-year from $2,483 to $2,125. 2-bedroom rentals prices have increased by $613 (16.67%) year-over-year from $3,675 to $4,288. 3-bedroom rentals prices have increased by $567 (8.48%) year-over-year from $6,683 to $7,250. 4-bedroom rentals prices have increased by $2,700 (21.95%) year-over-year from $12,300 to $15,000. 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 down by 4.42% this month. 1-bedroom rents have gone down by 11.76% this month. 2-bedroom rents have gone up by 11.27% this month. 3-bedroom rents have gone up by 23.93% this month. 4-bedroom rents have gone up by 53.06% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.29 $1,800 $1,883 (-4.42%) $1,438 (25.22%)
1 BR $3.25 $2,125 $2,483 (-14.43%) $1,483 (43.26%)
2 BR $3.20 $4,288 $3,675 (16.67%) $2,967 (44.52%)
3 BR $3.15 $7,250 $6,683 (8.48%) $8,233 (-11.94%)
4+ BR $4.48 $15,000 $12,300 (21.95%) $16,000 (-6.25%)

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 $2,963 per month. A total of 15 cities nearby have an average rent lower than that. Our records show that Golden Glades, FL, with an average rent of $2,050, 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 $11,725 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 15.61% more expensive than other cities nearby. One bedrooms are about 11.96% more expensive. Two bedrooms in Coral Gables, FL are about 41.94% more expensive. Finally, rent for three bedrooms are about 41.73% 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
Glenvar Heights, FL $1,846 $1,850 $2,595 $2,250
Fountainebleau, FL N/A $2,050 $2,490 $2,500
Hialeah, FL $1,375 $1,850 $2,300 $2,500
Kendall, FL N/A $2,000 $2,500 $2,600
Kendale Lakes, FL N/A $1,850 $2,500 $2,600
Tamiami, FL N/A $1,500 $2,325 $2,750
Doral, FL $2,050 $2,150 $2,650 $3,250
Miami, FL $2,300 $3,000 $3,995 $3,500
Coral Gables, FL $1,875 $2,300 $3,500 $4,000
Key Biscayne, FL N/A $3,200 $6,800 $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, Overtown, and Flamingo - Lummus. 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 $3,050 per month. A total of 23 neighborhoods have a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $3,050. Out of all the neighborhoods in or near Coral Gables, Altos Del Mar South has the most affordable average rent at $2,000 per month. Whereas, at $11,725 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 $1,700 $1,950 $2,950 $2,000
Overtown, Miami, FL $1,911 $1,900 $2,300 $2,100
Flamingo - Lummus, Miami Beach, FL $1,850 $2,175 $3,100 $2,175
East Little Havana, Miami, FL $1,550 $1,900 $2,350 $2,250
Glenvar Heights, FL $1,846 $1,850 $2,595 $2,250
Flagami, Miami, FL $1,300 $1,950 $2,400 $2,300
Allapattah, Miami, FL $1,500 $1,900 $2,350 $2,300
Normandy Isles, Miami Beach, FL $1,650 $2,000 $2,650 $2,300
Upper East Side, Miami, FL $1,750 $1,975 $2,688 $2,325
West Little Havana, Miami, FL $1,550 $1,800 $2,500 $2,363
Liberty City, Miami, FL $1,500 $1,600 $2,375 $2,475
Little Haiti, Miami, FL $1,449 $2,000 $2,600 $2,650
Cutler Bay, FL N/A $1,775 $2,200 $2,950
Treasure Island, North Bay Village, FL N/A $2,100 $2,995 $2,999
South Miami, FL $1,775 $1,975 $3,100 $3,000
Coral Way, Miami, FL $1,925 $2,150 $2,900 $3,100
City Center, Miami Beach, FL $2,650 $3,500 $12,500 $3,350
Media and Entertainment District, Miami, FL $2,300 $2,970 $4,153 $3,400
West Avenue, Miami Beach, FL $2,800 $3,190 $4,950 $3,500
Downtown Miami, Miami, FL $2,500 $3,000 $4,000 $3,500
Wynwood, Miami, FL $2,850 $3,500 $5,000 $4,000
Brickell, Miami, FL $2,650 $3,400 $4,800 $4,200
Palmetto Bay, FL N/A $1,713 $2,400 $4,325
Bay Harbor Islands, FL $1,750 $2,375 $4,700 $4,500
Park West, Miami, FL $3,425 $4,000 $6,450 $4,850
Edgewater, Miami, FL $1,825 $3,350 $5,050 $5,000
Bayshore, Miami Beach, FL N/A $4,200 $5,700 $5,700
South Pointe, Miami Beach, FL $1,975 $3,200 $9,500 $6,500
Northeast Coconut Grove, Miami, FL $2,200 $3,798 $8,525 $7,925
Village of Key Biscayne, Key Biscayne, FL N/A $3,200 $6,800 $8,000

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 $3,150. That's roughly around $3 per sqft. A total of 7 counties have a lower average rent. The county that is the most affordable is Hialeah, FL. It's average rent per month is $2,500. 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 27.70% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Coral Gables, FL is 11.96% more expensive than other counties nearby. Finally, rent for two bedrooms in Coral Gables, FL is 43.02% 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 $1,275 $1,850 $2,300 $2,500
Princeton-Goulds, FL $1,150 $1,600 $2,200 $2,800
North Westside, FL $2,050 $2,100 $2,500 $3,000
Kendall-Palmetto Bay, FL N/A $1,950 $2,500 $3,100
Miami, FL $2,097 $2,500 $3,325 $3,200
South Westside, FL $1,400 $1,848 $2,500 $3,524
Miami Beach, FL $2,200 $2,700 $4,900 $4,000
Key Biscayne, FL N/A $3,200 $6,800 $8,000

Top Zipcodes Near Coral Gables

There are a total of 5 zipcodes in or near Coral Gables, FL. The average rent for all of these zipcodes is $3,400. A total of 4 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33014, Hialeah, FL at $2,350 per month. In comparison, the zipcode with the most expensive average rent of $4,590 per month is 33137, Miami, FL.

Studios in these zipcodes have an average rent of $2,000. 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 $2,250 per month. Or in other words, $3 per sqft. Meanwhile, two bedroom apartments will cost you an average of $2,800 per month. Which comes out to $3 per sqft. The following chart includes the top 5 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
33130, Miami, FL $2,300 $2,950 $3,850 $3,400
33137, Miami, FL $2,150 $3,250 $5,000 $4,590
33178, Doral, FL $2,000 $2,250 $2,800 $3,400
33157, Palmetto Bay, FL N/A $1,788 $2,200 $3,100
33014, Hialeah, FL N/A $1,883 $2,363 $2,350

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 $4,050. 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 $1,850 and an average price per square feet of $4.29. There are a total of 5 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 $2,300 and an average price per square feet of $3.25. 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 $4,388 and an average price per square feet of $3.20. There are a total of 10 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 -0.04%, one bedroom rental prices have changed by -0.14%, two bedroom rental prices have changed by 0.17%, and three bedroom rental prices have changed by 0.08% year-over-year.
What is a reasonable rent price in Coral Gables, FL?
A reasonable rent price in Coral Gables, FL is around $3,240/month. You can search for these reasonably priced rental listings on RentHop.
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