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 $11,050 for a 4-bedroom rental. The median price of all currently available listings is $3,950, 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 $58 (-3.10%) year-over-year from $1,883 to $1,825. 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 $917 (13.72%) year-over-year from $6,683 to $7,600. 4-bedroom rentals prices have decreased by $1,250 (-10.16%) year-over-year from $12,300 to $11,050. 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 3.52% this month. 1-bedroom rents have gone down by 11.76% this month. 2-bedroom rents have gone up by 9.84% this month. 3-bedroom rents have gone up by 27.37% this month. 4-bedroom rents have gone up by 30.26% this month.
Beds
Price / Sqft
Nov 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $4.35 $1,825 $1,883 (-3.10%) $1,438 (26.96%)
1 BR $3.11 $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 $3.34 $7,600 $6,683 (13.72%) $8,233 (-7.69%)
4+ BR $3.97 $11,050 $12,300 (-10.16%) $16,000 (-30.94%)

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 14 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 $12,000 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 13.54% more expensive than other cities nearby. One bedrooms are about 15.27% more expensive. Two bedrooms in Coral Gables, FL are about 41.69% more expensive. Finally, rent for three bedrooms are about 41.79% 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 $1,850 $1,850 $2,500 $2,338
Fountainebleau, FL N/A $1,900 $2,450 $2,500
Hialeah, FL $1,599 $1,775 $2,300 $2,500
Kendale Lakes, FL N/A $1,875 $2,500 $2,600
Kendall, FL N/A $1,998 $2,500 $2,675
Tamiami, FL N/A $1,550 $2,350 $2,825
Doral, FL $2,100 $2,100 $2,600 $3,200
Miami, FL $2,300 $3,000 $3,901 $3,500
Coral Gables, FL $1,850 $2,550 $3,500 $4,200
Key Biscayne, FL N/A $3,100 $7,000 $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 $3,150 per month. A total of 22 neighborhoods have a lower average rent. Meaning, only eight neighborhoods have a higher average rent than $3,150. Out of all the neighborhoods in or near Coral Gables, Altos Del Mar South has the most affordable average rent at $2,050 per month. Whereas, at $12,000 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 $1,900 $3,000 $2,050
Overtown, Miami, FL $1,999 $1,700 $2,300 $2,075
Flamingo - Lummus, Miami Beach, FL $1,800 $2,198 $3,100 $2,200
East Little Havana, Miami, FL $1,600 $1,850 $2,375 $2,300
Glenvar Heights, FL $1,850 $1,850 $2,500 $2,338
Flagami, Miami, FL $1,300 $1,825 $2,495 $2,350
Allapattah, Miami, FL N/A $1,800 $2,350 $2,350
Upper East Side, Miami, FL $1,750 $1,975 $2,650 $2,388
Liberty City, Miami, FL $1,275 $1,700 $2,300 $2,475
West Little Havana, Miami, FL $1,550 $1,800 $2,500 $2,500
Normandy Isles, Miami Beach, FL $1,650 $2,025 $2,600 $2,500
Little Haiti, Miami, FL $1,449 $2,000 $2,500 $2,700
Cutler Bay, FL N/A $1,700 $2,200 $2,795
Treasure Island, North Bay Village, FL N/A $2,100 $3,000 $3,000
Coral Way, Miami, FL $1,700 $2,200 $2,850 $3,100
City Center, Miami Beach, FL $2,600 $3,200 $9,000 $3,200
South Miami, FL $1,800 $1,975 $3,000 $3,200
Media and Entertainment District, Miami, FL $2,300 $3,000 $4,000 $3,370
West Avenue, Miami Beach, FL $2,456 $3,102 $4,900 $3,451
Downtown Miami, Miami, FL $2,600 $3,000 $4,000 $3,500
Wynwood, Miami, FL $2,750 $3,500 $4,999 $4,000
Bay Harbor Islands, FL $1,750 $2,150 $4,800 $4,100
Brickell, Miami, FL $2,650 $3,400 $4,700 $4,175
Park West, Miami, FL $3,275 $4,000 $5,900 $4,900
Edgewater, Miami, FL $1,843 $3,225 $5,000 $5,000
Palmetto Bay, FL N/A $1,750 $2,400 $5,075
Bayshore, Miami Beach, FL N/A $3,450 $5,500 $5,150
South Pointe, Miami Beach, FL $1,850 $3,200 $9,900 $5,925
Northeast Coconut Grove, Miami, FL $2,200 $3,550 $8,200 $7,900
Village of Key Biscayne, Key Biscayne, FL N/A $3,100 $7,000 $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 $3,200. That's roughly around $3 per sqft. A total of 6 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 18.95% more expensive than other counties nearby. In comparison, rent for one bedroom listings in Coral Gables, FL is 14.18% more expensive than other counties nearby. Finally, rent for two bedrooms in Coral Gables, FL is 41.11% 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 $1,599 $1,850 $2,300 $2,500
Princeton-Goulds, FL $1,100 $1,600 $2,250 $2,799
North Westside, FL $2,100 $2,000 $2,550 $3,000
Kendall-Palmetto Bay, FL N/A $1,948 $2,400 $3,150
Miami, FL $2,094 $2,541 $3,398 $3,250
South Westside, FL $1,400 $1,850 $2,500 $3,500
Miami Beach, FL $2,200 $2,700 $4,800 $3,999
Key Biscayne, FL N/A $3,100 $7,000 $8,000

Top Zipcodes Near Coral Gables

There are a total of 4 zipcodes in or near Coral Gables, FL. The average rent for all of these zipcodes is $3,400. A total of 3 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 33157, Palmetto Bay, FL at $3,000 per month. In comparison, the zipcode with the most expensive average rent of $4,600 per month is 33137, Miami, FL.

Studios in these zipcodes have an average rent of $2,100. 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 $2,625 per month. Or in other words, $4 per sqft. Meanwhile, two bedroom apartments will cost you an average of $3,289 per month. Which comes out to $3 per sqft. The following chart includes the top 4 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 $3,000 $3,777 $3,500
33137, Miami, FL $2,150 $3,200 $4,999 $4,600
33178, Doral, FL $2,050 $2,250 $2,800 $3,300
33157, Palmetto Bay, FL N/A $1,675 $2,200 $3,000

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 $3,950. 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 $4.35. There are a total of 4 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 $3.11. There are a total of 8 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 $4,288 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 -0.03%, 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 0.14% year-over-year.
What is a reasonable rent price in Coral Gables, FL?
A reasonable rent price in Coral Gables, FL is around $3,160/month. You can search for these reasonably priced rental listings on RentHop.
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