Coconut Grove, Coral Gables, FL Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Coconut Grove is $4,120, a 0.26% decrease compared to the previous year, when the average rent was $4,131.
Studio Apartments at $2,856 offer the most budget-friendly option with 584 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 785 square feet for $3,541, balancing privacy and affordability.
Two-beedroom units at $4,366 offer 1,095 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,573 sq ft) for $6,585, suitable for larger households.
Average rent in Coconut Grove, Coral Gables, FL
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $4,120 | 976 sq. ft. |
| Studio | $2,856 | 584 sq. ft. |
| 1 Bed | $3,541 | 785 sq. ft. |
| 2 Beds | $4,366 | 1,095 sq. ft. |
| 3 Beds | $6,585 | 1,573 sq. ft. |
Coconut Grove, Coral Gables, FL rent trends
Rental prices in Coconut Grove, Coral Gables, FL have decreased by 0.26% over the past year. The average rent moved from $4,131 to $4,120.
What's the typical rent budget in Coconut Grove, Coral Gables, FL?
The largest share of rentals in Coconut Grove, Coral Gables, FL (94%) fall between $3,000- per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Coconut Grove, Coral Gables, FL?
431 or 44% of the households in Coconut Grove, Coral Gables, FL are renter-occupied while 540 or 56% are owner-occupied.
Average Rent in Coral Gables, FL By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Coconut Grove | $4,120 |
| Coral Gables Crafts | $4,096 |
Coral Gables | Rent Comparison by Neighborhood
Rent in Coconut Grove is 1% higher than in Coral Gables Crafts
Coconut Grove rent is the same as Coral Gables average
Coral Gables Crafts rent is 1% lower than Coral Gables average
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Coconut Grove apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.